Business

A sign displays the price in pound sterling of food goods, including cucumbers, at a a fruit and vegetable market in stall east London on March 31, 2023.Susannah Ireland | Afp | Getty ImagesLONDON — After more than a year of warnings, Bank…

Target on Wednesday topped Wall Street's earnings expectations, even as the discounter's sales barely grew year-over-year and its shoppers bought more necessities.The big-box retailer stuck with its outlook for the fiscal year. It expects…

Chinese tech giant Tencent released quarterly results Wednesday.Nurphoto | Nurphoto | Getty ImagesTencent reported an 11% jump in quarterly revenue Wednesday, marking its fastest growth in more than a year, as the company saw a big rebound…

A shopper browses shirts at a clothing store in Atlanta, Georgia, US, on Tuesday, Feb. 14, 2023.Dustin Chambers | Bloomberg | Getty ImagesConsumers barely kept up with inflation in April, as retail sales increased but fell short of…

Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company's newly-appointed CEO Margherita Della Valle.Paul Hanna | Bloomberg | Getty ImagesVodafone shares fell more than 7% on Tuesday, after the British…

A customer enters a Home Depot store on August 16, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesHome Depot said on Tuesday that quarterly sales fell short of expectations and it lowered its forecast for the year, as…

Woman making a cash withdrawal at an ATM.Getty ImagesTotal consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing.The total for borrowing across all categories…

Michigan Avenue in Lansing, Michigan.Mike Kline (Notkalvin) | Moment | Getty ImagesLansing, Michigan may never be the same. The city of just over 110,000 residents known for its towering state capitol building, large convention center and…

A member of the public walks through heavy rain near the Bank of England in May 2023.Dan Kitwood | Getty Images News | Getty ImagesLONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March,…

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller on Thursday cast doubt on…

Polestar 3Courtesy: PolestarSwedish electric vehicle maker Polestar on Thursday trimmed its full-year production guidance, saying that its upcoming Polestar 3 SUV will be delayed until 2024 because of software issues.The company also said…

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that inflation is at least trending lower.The producer price index, a measure of prices for final demand goods and…

Christian Lindner, German finance minister, told CNBC he hopes the U.S. will avoid adding further problems to the global economy.Johannes Simon | Getty Images News | Getty ImagesGerman Finance Minister Christian Lindner hopes American…

Janet Yellen, US Treasury secretary, during a news conference at the Group of Seven (G-7) finance ministers and central bank governors meeting in Niigata, Japan, on Thursday, May 11, 2023.Bloomberg | Bloomberg | Getty ImagesTreasury…

Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022.Stefani Reynolds | Afp | Getty ImagesSince the onset of Covid-19, labor shortages have plagued major economies and intensified…

Unity Software CEO John Riccitiello speaks onstage during TechCrunch Disrupt SF 2018 in San Francisco, Sept. 5, 2018.Steve Jennings | TechCrunch | Getty ImagesShares of Unity Software popped more than 11% in extended trading Wednesday after…

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City.Spencer Platt | Getty ImagesFox Corp. reported a quarterly net loss on Tuesday due to the costs related to its…

Electron rockets undergo preparation for launch.Rocket LabRocket Lab's revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its…

Shoppers during the grand opening of a Costco Wholesale store in Kyle, Texas, on Thursday, March 30, 2023.Jordan Vonderhaar | Bloomberg | Getty ImagesEven with inflation running well above the Federal Reserve's goal, markets became more…

Writers walk the picket line on the second day of the television and movie writers' strike outside Disney Studios in Burbank, California on May 3, 2023.Robyn Beck | AFP | Getty ImagesA writers strike, a feud in Florida and ongoing…

A widely followed measure of inflation rose in April, though the pace of the increase provided some hope that the cost of living will head lower later this year.The consumer price index, which measures the cost of a broad swath of goods and…

Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it's still on track to meet a 50,000-vehicle production target for 2023.Shares were up about 4% in after-hours…

Brian Chesky, CEO of Airbnb speaking on CNBC's Squawkbox on May 4th, 2023.CNBCShares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on the top and bottom lines, as it…

Jeff Lawson, CEO, TwilioScott Mlyn | CNBCTwilio shares fell as much as 14% in extended trading on Tuesday after the developer of communications software issued a forecast for the second quarter that trailed analysts' estimates.Here's how…

An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023.Virgin GalacticVirgin Galactic is aiming to fly its first spaceflight in nearly two years later this month, but…

John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019.Carlo Allegri | ReutersNEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that…

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California.Patrick T. Fallon | AFP…

Nikola Motor CompanySource: Nikola Motor CompanyElectric heavy truck maker Nikola said on Tuesday that it's "refocusing the company on North America" as it exited a European joint venture with its chassis supplier, The news came as the…

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesShares of Novavax rose…

Nintendo is hoping key games such as Mario and Zelda will help it keep players interested in its ageing Switch console series.Charly Triballeau | AFP | Getty ImagesNintendo reported a fall in profit and revenue in its fiscal year driven by…