CNBC Business

The SBA plans to process most of the aid applications from its Shutter Venue Operators Grant (SVOG) program by early July, Sen. Bill Hagerty said.

Southwest Airlines CEO Gary Kelly will step down in 2022 and will be replaced by company veteran Robert Jordan.

The Federal Reserve doesn't need to try to cool down the hot U.S. housing market with higher rates, even as home prices keep rising, CNBC's Jim Cramer said.

"This is still a rare event," Dr. Tom Shimabukuro said at the meeting. For both vaccines combined, there were 12.6 heart inflammation cases per million doses.

After breaking up with Nike and landing the first sponsorship deal with Gap's Athleta brand, track star Allyson Felix is launching her own shoe business.

Kraft Heinz's head of U.S. business Carlos Abrams-Rivera told CNBC on Wednesday that the company has a three-pronged approach to manage inflation.

Chipotle Mexican Grill's margins could take a hit from the predicted decline in avocado shipments next quarter, according to Truist analyst Jake Bartlett.

Some Peloton customers are outraged after the company disabled a free run setting on its treadmills, forcing users to pay a monthly fee.

British pharmaceutical giant GlaxoSmithKline faces a crunch meeting with investors after announcing a new strategy for the next decade.

Fauci said the variant has a doubling time of about two weeks and currently accounts for 20% newly diagnosed infections in the U.S.

"F9" arrives in theaters June 25 and could have the highest opening of any film released during the pandemic.

The NFL said Wednesday it's exploring strategic options, including selling stakes, for its NFL Media properties, including NFL Network and NFL RedZone.

The Sixers All-Star guard will make roughly $145 million over the next four seasons and will be the topic of trade rumors this NBA offseason.

Walmart's former e-commerce chief Marc Lore sees a hot market for direct-to-consumer retailers such as Warby Parker and Allbirds.

Executives with EV start-up Lordstown Motors this week are hoping to convince Wall Street investors and analysts that they can be a "real" automaker.

"Elizabeth Warren is going to win this if the billionaires try to fight it too much," CNBC's Jim Cramer said Wednesday.

Fully vaccinated employees should embrace a return to the office rather than run away from it, LaSalle Network CEO Tom Gimbel told CNBC on Wednesday.

Lawmakers and flight crews have become alarmed about a spike in disruptive and sometimes violent passengers on planes.

A key CDC advisory panel is holding a meeting Wednesday to discuss rare, but higher-than-expected, reports of heart inflammation in young people.

The racial wealth gap in the U.S. is more of a chasm. "Baby bonds" have become one proposal to help close the great divide.