CNBC Business

Consumer companies like McDonald's, PepsiCo and Coca-Cola are reporting mixed reactions to higher prices during the first quarter.

Shares of McDonald's have risen 11% this year, giving it a market value of $214 billion.

PepsiCo said its strong first quarter prompted it to raise its outlook for the year.

Lucid has promised that the Gravity will have greater electric range than any SUV currently on the market.

The engine sales increase comes as Boeing and Airbus are trying to boost aircraft production.

General Motors on Tuesday raised key guidance for 2023 after reporting first-quarter results that topped Wall Street's top- and bottom-line forecasts.

Sony showed 14 minutes of "Spider-Man: Across the Spider-Verse" — due out June 2 — to CinemaCon audiences.

NBCUniversal CEO Jeff Shell left immediately after admitting an inappropriate relationship with a woman at the company.

NBCUniversal must make decisions on Hulu, sports rights and a potential merger with Warner Bros. Discovery without CEO Jeff Shell.

Fox News and Tucker Carlson have agreed to part ways, the network said.

Bed Bath & Beyond is looking for a buyer willing to purchase the business to avoid outright liquidation, but either way, shareholders will likely be wiped out.

CNN anchor Don Lemon's departure is the latest high-profile media exit after Tucker Carlson left Fox News and Jeff Shell parted ways with NBCUniversal.

Republicans have slammed ESG investing platforms and pulled funds away from BlackRock and other firms that have adopted them.

Canadian businessman Steve Apostolopoulos says he's still in the running for the Washington Commanders.

Disney plans to reduce its workforce by 7,000 jobs as part of a larger reorganization that will see the company cut $5.5 billion in costs.

Coke's stock has risen less than 1% in 2023, and the company has a market value of $277 billion.

J&J's consumer health unit Kenvue aims to raise $3.5 billion or more in the initial public offering, sources told The Wall Street Journal.

In 2013, Netflix co-CEO Ted Sarandos said his goal was to become HBO faster than HBO could become Netflix. A decade later, neither has happened.

Subway's same-store sales climbed 12.1% in the first quarter, showing that its turnaround is taking hold.

Bed Bath & Beyond's bankruptcy comes after several last-ditch efforts to raise cash failed to keep the company alive.