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Business
As Target and other retailers drop DEI programs, Black founders could face tougher battle
Brown Girl Jane's sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves.Courtesy: Brown Girl JaneFragrance…
Roku shares surge as company halves quarterly losses, adds 4 million streaming households
Shares of Roku surged 14% Friday, notching a new 52-week high, on earnings that beat Wall Street expectations.In an interview on CNBC's "Squawk Box," CEO Anthony Wood said more than half of U.S. broadband households now watch TV with…
Moderna beats on revenue but loses more than expected as it scales down manufacturing
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing…
CVS shares are up 45% this year — here’s why it may be starting to turn its business
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024.Patrick T. Fallon | AFP | Getty ImagesAfter a dismal 2024, CVS Health could be starting to turn itself around. Some…
ESPN host Stephen A. Smith says he would be U.S. president as long as he doesn’t have to
Outspoken ESPN personality Stephen A. Smith is not ruling out a presidential run in his future.In an interview with CNBC Sport, Smith said, "I wouldn't mind being in office."Yet, the popular television host said it is the campaigning and…
U.S. investors, Big Pharma race to find new medicines in China
A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an "unprecedented" achievement: its experimental cancer drug looked more effective than Merck's Keytruda in a clinical trial. The company,…
Comcast and NBCUniversal receive FCC inquiry on DEI initiatives
U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission, as he attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November…
CFPB’s new leadership begins staff purge with dozens of employees terminated
Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019.Jonathan Ernst | ReutersThe Consumer Financial Protection Bureau sent…
Super Bowl 59 attracts record 127.7 million viewers
Philadelphia Eagles head coach Nick Sirianni and quarterback Jalen Hurts celebrate with the Vince Lombardi Trophy after winning Super Bowl 59.Mike Segar | ReutersThe Philadelphia Eagles weren't the only ones that scored big at the Super…
Coca-Cola sales easily top estimates as global demand rises
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts' expectations, as global demand for its drinks rose.Shares of the company climbed nearly 5% for the day.Here's what Coca-Cola reported for the quarter…