How billionaire family offices bet on stocks during tariff turmoil
Leon Cooperman on CNBC’s “Halftime Report.” Scott Mlyn | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are known to invest for the long haul, sometimes for generations. […]
Starbucks expands test of coconut water beverages
Starbucks’ Coco Matcha and Coco Cold Brew drinks. Courtesy: Starbucks Starbucks will expand its test of coconut water beverages to hundreds of more stores, as it leans further into health and wellness. Starting Thursday, the coffee giant will test its Coco Matcha and Coco Cold Brew drinks in more than 400 stores across major cities […]
Lucy Guo, world’s youngest self-made woman billionaire, buys $30 million L.A. mansion
Tech mogul Lucy Guo, the world’s youngest self-made woman billionaire, has invested a sizable portion of her enormous wealth into a new L.A. home.
Walmart (WMT) Q2 2026 earnings
The logos of Walmart and Sam’s Club are pictured in Cuautitlan Izcalli, Mexico, January 30, 2025. Raquel Cunha | Reuters Walmart will report quarterly earnings on Thursday, as economists and investors try to gauge how U.S. consumers are responding to President Donald Trump’s decision to raise tariffs on dozens of countries across the globe. Here’s […]
Meta reportedly freezes its AI hiring spree amid wider restructuring
After a months-long hiring spree, Meta Platforms has frozen hiring in its artificial-intelligence division, according to a new report.
Hertz to sell used vehicles online through Amazon Autos partnership
Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business. Courtesy of Hertz Hertz on Wednesday announced it will start selling preowned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits. Shares of […]
New Target CEO Michael Fiddelke faces challenges
People walk by a Target store in midtown Manhattan in New York City, March 21, 2025. Kylie Cooper | Reuters When Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors. Its fiscal second-quarter results posted Wednesday illustrated the […]
Here’s how SoftBank could turn Intel’s fortunes around
SoftBank’s $2 billion stake could help the chip maker gain customers and increase Intel’s earnings per share.
Lowe’s (LOW) Q2 2025 earnings
Lowe’s beat Wall Street’s earning expectations on Wednesday as demand for home projects picked up during the quarter, but homeowners’ appetite for bigger projects remained softer. The retailer also announced its latest effort to attract more business from home professionals. It said on Wednesday that it has struck a deal to acquire Foundation Building Materials, […]
Estée Lauder approves 3,200 job cuts as China and duty-free sales remain weak
Estée Lauder Cos.’ stock dropped about 5% Wednesday after the maker of beauty products warned of a full-year profit miss and said it has approved 3,200 job cuts based on a previously announced restructuring plan.
