Starbucks is booming in China, but sales still disappoint
Starbucks stock has risen just 1.5% this year, giving the company a market value of $115 billion.
CNBC US News
AMD reports better-than-expected results even as PC market shows continued weakness
AMD reported an 18% decline in year-over-year revenue in the second quarter and issued a sales forecast that trailed analysts' estimates.
Walgreens is now offering RSV vaccines for older adults
This is the first RSV season in which older adults have the option to get vaccinated against the virus.
Trump grand jury members depart courthouse as potential indictment looms
Trump's receipt of a target letter signaled that charges were likely in the special counsel Jack Smith's probe.
Virgin Galactic banks $2 million in quarterly revenue after first commercial spaceflight
Virgin Galactic flew two spaceflights during the second quarter: Its final test spaceflight and its first commercial spaceflight.
Amazon employees leak secret info that marketplace sellers can buy on Telegram
Third-party merchants who have been suspended by Amazon can pay for confidential data to potentially help them get their accounts back up and running.
JetBlue cuts forecast on shift to international travel, end of American Airlines partnership
JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter.
Pfizer misses revenue estimates, says it may cut costs if Covid product sales continue to disappoint
Pfizer is in a transition period as it pivots away from its blockbuster Covid vaccine and drug Paxlovid while the world emerges from the pandemic.
Merck beats on revenue boosted by Keytruda sales, but posts quarterly loss due to Prometheus deal
Shares of Merck are down roughly 4% this year, with a market value of roughly $270 billion, making it the third largest pharmaceutical company based in the U.S.
JPMorgan moved $1.1 million from Jeffrey Epstein to 'women or girls' after terminating client relationship, U.S. Virgin Islands alleges
The U.S. Virgin Islands alleges in a federal lawsuit that JPMorgan Chase facilitated sex trafficking by Jeffrey Epstein for years.
Amazon rolls out its virtual health clinic nationwide
Amazon Clinic allows patients to connect with telemedicine providers to help receive treatment for common conditions such as acne and hair loss.
Global food insecurity caused by Russia-Ukraine war tops agenda as U.S. assumes UN Security Council presidency
The presidency rotates each month among the UN Security Council's 15 members.
Fifty Years to help climate scientists turn research into solutions with new grants program
The program was inspired by the funding struggles of portfolio company Solugen, now valued at $2 billion, when it was getting started.
Job openings, layoffs declined in June in a positive sign for the labor market
Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million in May.
Twitter, now called X, sues researchers who showed rise in hate speech on platform after Musk takeover
On Monday, X Corp., formerly known as Twitter, filed a lawsuit against the Center for Countering Digital Hate in a federal court.
Apple expected to post third consecutive down quarter, but its forecast is more important
Apple is expected to post its third consecutive quarterly revenue decline when it reports earnings after the bell on Thursday.
Chris Christie attacks Trump for using donations from 'everyday Americans' on legal fees, fashion designer
They "believe they're giving it to him to help elect him president," Christie said of Trump's supporters during an interview on CNBC's "Squawk Box."
CVS to slash 5,000 jobs as company deepens costly health-care push
The pharmacy chain had about 300,000 employees in the U.S. at the end of last year, according to a securities filing.
Tesla faces new NHTSA probe over loss of steering control in Model 3 and Y vehicles
The NHTSA has opened an investigation into Tesla over steering control problems and loss of power steering in the 2023 Model 3 and Model Y.
Ford restarts F-150 Lightning production, says demand jumped sixfold after July price cuts
Ford's Rouge Electric Vehicle Center will be able to produce Lightnings at an annual rate of 150,000 vehicles, three times its previous output.
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