Business

In this article NKE The Nike logo is seen on the Nike store on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike shares surged more than 13% Friday morning, on pace to open at a record high, after the sneaker maker forecast full-year sales topping $50 billion

A medical staff member checks on Covid-19 coronavirus patients at a hospital’s intensive care unit ward in Bogor on June 18, 2021, as Indonesia’s Covid-19 coronavirus infection rate soars. Aditya Aji | AFP | Getty Images Medical workers in Indonesia are grappling with the pressure of caring for Covid-19 patients while quickly vaccinating the country’s

In this article AMZN F Ford CTO Ken Washington (left) is leaving the automaker for Amazon in July. Ford DETROIT – Ford Motor is losing its chief technology officer to Amazon, marking an ongoing talent battle between the automotive and technology industries. Ford confirmed Thursday that CTO Ken Washington, who joined Ford from Lockheed Martin

The lawyers for Britney Spears’ father backed themselves into a corner by telling the media that she can end her conservatorship at any time, Civil Rights attorney David Henderson said Wednesday. “What her father’s attorneys have consistently said is, if she wants out, all she has to do is to go to court and ask,”

The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters There have been more than 1,200 cases of a rare heart inflammation condition in people who received Pfizer‘s or Moderna’s Covid-19 vaccine, according to a CDC presentation slide published Wednesday ahead of an advisory meeting. The CDC’s Advisory Committee

In this article MS A view of the Morgan Stanley offices in Canary Wharf, London, U.K. iStock Editorial | Getty Images Morgan Stanley on Tuesday told its staff that workers and clients who are not vaccinated against Covid-19 will be barred from returning to New York City and Westchester County offices with a large employee

U.S. President Joe Biden speaks during an event in the South Court Auditorium of the White House June 2, 2021 in Washington, DC. Alex Wong | Getty Images The Biden administration plans to confirm Tuesday that it won’t likely hit President Joe Biden’s goal of getting 70% of American adults to receive one vaccine shot

In this article MCD QSR-CA A Big Mac is displayed on a page of the McDonald’s app Daniel Acker | Bloomberg | Getty Images McDonald’s announced Tuesday it will launch its first-ever loyalty program nationwide on July 8 after months of testing. The fast-food giant joins rival chains like Restaurant Brands International’s Popeyes and Yum

In this article AAL American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC American Airlines said it canceled hundreds of flights this weekend due to staffing shortages, maintenance and other issues, challenges facing the carrier as travel demand surges toward pre-pandemic levels. About 6% of the airline’s schedule, or 180 flights, were canceled on

Procter & Gamble celebrates Pride with branded trikes and employees in the World Pride Parade on June 30, 2019 in New York City. Bryan Bedder | Getty Images More than ever, brands are signaling support for the LGBTQ+ community during Pride month. But experts say that true support has to come from more than a

Though the Acropolis has reopened, Greece is currently under lockdown-type restrictions with a nighttime curfew and store and restaurant closures. Matteo Colombo | Moment | Getty Images Major airlines are racing to add new trans-Atlantic service now that tourist-reliant countries like Croatia, Greece, Iceland and Italy have started allowing visitors from the U.S. and other

A 2021 Jeep Grand Cherokee L scales a rocky hill at Stellantis’ Chelsea Proving Grounds in Michigan. Michael Wayland / CNBC CHELSEA, Mich. – Jim Morrison smiles as he hears the piercing noise of rocks scraping the undercarriage of the Jeep he’s driving. “The most important thing for us at Jeep is to prove our

In this article ARKK CNBC’s Jim Cramer said Friday that Ark Invest’s stock-moving influence appears to be waning — at least for now. Ark Invest’s family of exchange-traded funds were some of the best performers on Wall Street last year, but have not fared well in 2021 as investors rotated away from high-growth stocks and

New Jersey Governor Phil Murphy (D) speaks at the Coronavirus press briefing in Trenton, New Jersey. Michael Brochstein | Barcroft Media | Getty Images New Jersey met its goal to vaccinate more than 4.7 million people who live, work and study in the state about two weeks before its original target date of June 30,

BEIJING — Chinese dancer and TV host Jin Xing is confident the entertainment industry will return to normal, and that the arts will be more prized post-pandemic. In China, where stringent lockdowns helped control the domestic spread of Covid-19 within months, Jin’s private dance company was able to resume national touring last year, she told

President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Wednesday, June 2, 2021. Samuel Corum | Bloomberg | Getty Images With less than three weeks to go until Independence Day, President Joe Biden’s latest vaccination goals are in jeopardy. The country is not on pace to hit his two

Dutch airline KLM said it intends to reinstate almost all of its international routes this year as vaccine rollouts offer hopes of revival for the travel industry. KLM’s president and CEO Pieter Elbers told CNBC the carrier will also add a new route to Saudi Arabia’s capital Riyadh, even as the capacity and frequency of

A general view of the National Football League Players Association logo during the NFLPA press conference on January 30, 2020 at the Miami Beach Convention Center in Miami Beack, FL. Rich Graessle | Icon Sportswire | Getty Images Private investment firm RedBird Capital wants to unload its 40% stake in OneTeam Partners, a firm mainly

Oil prices rose on Tuesday, setting up a challenging situation for the head of the Federal Reserve before Wednesday’s meeting, CNBC’s Jim Cramer said. “The surging price of crude … makes life difficult for Fed Chief Jay Powell,” Cramer said on “Mad Money.” “Even as many other commodities have actually now fallen, and some falling

A woman looks at the “Naming the Lost Memorials,” as the U.S. deaths from the coronavirus disease (COVID-19) are expected to surpass 600,000, at The Green-Wood Cemetery in Brooklyn, New York, U.S., June 10, 2021. Brendan McDermid | Reuters The U.S. hit another grim milestone in the pandemic, reaching more than 600,000 Covid fatalities, according