Billionaire Lukas Walton picks new CIO for his family office
Noelle Laing, chief investment officer of Builders Vision. Courtesy of Builders Vision A version of this article 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. Builders Vision, the family office of billionaire Walmart heir Lukas Walton, has […]
April jobs report to give first hard evidence on whether trade wars have hurt hiring
Americans say jobs are harder to find and businesses say they are scaling back plans to hire because of the trade wars. The April jobs report might offer the first hard evidence on whether President Donald Trump’s tariffs are harming the U.S. labor market.
Amazon MGM Studios set to fill a gap in Hollywood’s movie slate
Cast of the Amazon MGM Studios CinemaCon 2025 seen at the Amazon MGM Studios CinemaCon 2025 presentation at The Colosseum at Caesars Palace on April 02, 2025 in Las Vegas, Nevada. Stewart Cook | Getty Images Entertainment | Getty Images Tech is saving Hollywood — though not in the way you might think. Back in […]
GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
DETROIT – General Motors on Thursday lowered its 2025 earnings guidance to include a possible $4 billion to $5 billion impact as a result of President Donald Trump’s auto tariffs. The Detroit automaker said its new guidance includes adjusted earnings before interest and taxes of between $10 billion and $12.5 billion. That compares with its […]
CVS Health’s Aetna to exit Obamacare business, boost Wegovy access
CVS’s stock surges toward a one-year high after profit and revenue beat expectations, amid strength in the pharmacy business, and the full-year outlook was raised.
Trump tariff uncertainty is deterring U.S. investment
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | Reuters Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and […]
Tesla denies report it’s initiated CEO search for Elon Musk’s successor
Tesla Inc.’s board of directors took steps toward finding Chief Executive Elon Musk’s successor earlier this month, as the EV maker’s stock sank while Musk prioritized his DOGE efforts, according to a new report.
McDonald’s (MCD) Q1 2025 earnings
The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $2.66 expected Revenue: $6.09 billion expected The fast-food giant, often […]
Judge blasts Apple for violating App Store ruling. But these analysts aren’t concerned.
Apple Inc. “outright lied” and willfully ignored an antitrust ruling to open up its App Store, a federal judge said late Wednesday as she blocked Apple from collecting new fees on certain purchases.
Dollar General stock performance among best of Trump’s first 100 days
The Dollar General in Snow Hill, Maryland on April 2, 2024. Deb Lindsey | The Washington Post | Getty Images Dollar General is among the best-performing stocks in the first 100 days of President Donald Trump’s second term. Since Trump’s Jan. 20 inauguration, shares of the discount retailer have soared more than 36% as of […]
