Business

Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering.  Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The company said it expects sales to decline in …

ESPN Mike Windle | ESPN | Getty Images Disney‘s ESPN wants to be the hub for all live sports streaming — even for its competition. The sports network has held conversations with major sports leagues and media partners about launching a feature on ESPN.com and its free ESPN app that …

A pilot walks past the windows at the newly renovated Delta terminal D at LaGuardia Airport in New York March 6, 2021. Timothy A. Clary | AFP | Getty Images Delta Air Lines pilots on Wednesday will wrap up voting on a new contract that includes 34% raises over four …

Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500 positions, according to a person familiar …

A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Elon Musk’s SpaceX has launched the first batch of its next-generation Starlink internet satellites as the company upgrades and further builds out its orbiting network. A Falcon 9 rocket carried 21 of the satellites, known …

A Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target on Tuesday will report …

The headquarters of Space Systems Command in Los Angeles, California. U.S. Space Force / Jose Lou Hernandez The U.S. military is preparing to buy another round of rocket launches from companies next year, and Space Force leadership says they’re taking a new “mutual fund approach” to the acquisition strategy. “As …

The exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022.  Logan Cyrus | AFP | Getty Images Boeing has temporarily halted deliveries of its 787 Dreamliners so it can do additional analysis on a fuselage component, the Federal Aviation Administration said in a …

A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building. SpaceX Elon Musk’s SpaceX rolled out new pricing for residential Starlink customers based on its capacity to deliver service, according to emails to customers reviewed by CNBC. The changes, outlined on Tuesday, …

Starbucks’ new line of olive oil-infused coffee drinks could disrupt the industry, interim CEO Howard Schultz told CNBC’s Jim Cramer on Tuesday. “This is a transformational moment in the history of our company creating a new category, a new platform,” Schultz told CNBC’s “Mad Money.” He said Starbucks’ new olive-oil …