Pfizer, Merck, J&J, others face scrutiny over tax loophole extension
The Johnson & Johnson logo displayed on a monitor. Sopa Images | Lightrocket | Getty Images Two Democratic lawmakers on Tuesday pressed five of the nation’s largest pharmaceutical companies about their low tax bills and whether they support extending massive tax cuts for the industry in the GOP reconciliation bill. Sen. Elizabeth Warren, D-Mass., and […]
Trump plans to delay the TikTok ban again. Could he face a lawsuit?
The White House says the president will grant another reprieve after two earlier orders that directed the Justice Department not to enforce a U.S. ban on the social-media app.
Ram to offer industry leading pickup truck warranty under new plan
Dodge Ram display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Ram Trucks plans to introduce an industry-leading warranty across its 2026 vehicle lineup this year as part of an 18-month turnaround plan for the Stellantis-owned brand. The warranty covers the engine, transmission, transfer […]
Streaming surpasses combined broadcast, cable TV viewing for first time
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report. Streaming represented 44.8% of total TV viewership in May, its largest share to date, while the combination of broadcast, with 20.1%, and cable, with 24.1%, represented 44.2% of TV viewing, according to Nielsen’s The Gauge […]
Annuities are looking good right now. So why aren’t people buying them?
Don’t bemoan the loss of traditional pensions. Create one yourself.
JetBlue to cut more flights, other costs as break-even 2025 ‘unlikely’
A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California. Kevin Carter | Getty Images JetBlue Airways CEO Joanna Geraghty told staff the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year “unlikely.” “We’re hopeful […]
Bye-bye bidding wars: Housing market becomes more buyer-friendly as more sellers slash prices
For-sale listings are piling up in many real-estate markets in the U.S., according to data from Realtor.com.
Homebuilder sentiment June 2025 nears pandemic low
Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation’s homebuilders. Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative. The index stood at […]
How much money can Meta make from WhatsApp ads? This analyst does the math.
An Evercore analyst notes that Meta has a strong track record with its monetization initiatives across brands.
U.S. Steel’s stock surges as Trump gets his wish and a ‘golden share’
U.S. Steel’s so-called “partnership” with Nippon appears to be nearing its end after about 18 months after it was announced.
