CNBC BUSINESS NEWS
- Taco Bell's same-store sales increased 8% in the quarter, fueling the company's outperformance.
- While it's not the first time Kimmel has faced backlash over a show monologue, the renewed challenges now fall under freshly installed Disney CEO Josh D'Amaro.
- Starbucks' global same-store sales, which only includes cafes open at least a year, increased 6.2%, fueled by more visits to its locations.
- Executives say travelers keep booking despite big jumps in airfare as they seek to cover the cost of fuel.
- New York City's first full-scale casino with live table games opened to gamblers more than a decade after New York voters approved an expansion of gambling.
- It's part of Customers Bank CEO Sam Sidhu's effort to get ahead in the industry's race to transform itself using AI agents as a new digital workforce
- The Federal Communications Commission has told Disney to file its broadcast license renewals early, citing concerns around its DEI policies.
- GM raises 2026 guidance amid $500 million tariff refund, topping Wall Street's earnings expectationsAside from earnings and any change to GM's 2026 guidance, investors are monitoring impact from the Iran war, tariffs and EV write-downs.
- Package delivery giant UPS beat Wall Street estimates for its first-quarter earnings.
- Dimon, who runs JPMorgan Chase, the world's largest bank by market cap, said that today's growing mix of risks could combine in unpredictable ways.
- GM CEO Mary Barra said the Detroit automaker continues to monitor any change in customer spending, but so far, the company's vehicle mix has remained healthy.
- JetBlue, United, Frontier and others added service to airports Spirit services after the carrier filed for bankruptcy for the second time in less than a year.
- Shares of Coke have risen just 6% over the last year, hurt by concerns about the broader economy.
- In the first quarter of this year, new in-person and virtual office tours reached their highest level since the pandemic began, per the VTS Office Demand Index.
- CEO Russell Weiner said he expects more fast-food chains will report that winter weather and weak consumer sentiment hurt their quarterly sales.
- Novartis, Amgen and Eli Lilly are betting that slashing levels of a particularly bad form of cholesterol could deliver the next blockbusters in cardiology.
- Intellia Therapeutics said its Crispr-based treatment for hereditary angioedema met its goals in a Phase 3 trial, marking a milestone for gene editing.
- The company reiterated its full-year forecast for earnings and sales.
- United CEO Scott Kirby said American rejected the idea, "and without a willing partner, something this big simply can't get done."
- Spotify teams with Peloton to launch fitness content, potentially opening new revenue streams while expanding Peloton’s global reach.
- U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
- Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
- Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.
- Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.
- Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.
- The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
- U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.
- QXO is taking its offer directly to shareholders after being rebuffed on several occasions.
- Maverick Natural Resources has operations in Texas and Oklahoma.
- There are some new wrinkles, especially for those who sell things online or bought an EV.
- Companies with good payouts are now the hottest bet in China markets.
- The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.
- Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
- There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
- Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
- The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
- Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.
- Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
- The story of home affordability in the U.S. told from a single front porch.
- The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.
