Eleven 13-year-olds were rushed to the hospital after a suspected case of food poisoning at a Long Island restaurant, with the common denominator being rice, according to the mother of the birthday girl.
Tesla is facing a federal investigation by the Department of Justice over allegations of using company resources to build a mansion for CEO Elon Musk, triggering investigations from the SEC and federal investigators from New York.
UPS workers have approved a new labor deal that includes significant pay raises, with drivers expected to average $170,000 in pay and benefits at the end of the five-year contract. However, a UPS driver on TikTok clarified that the $170,000 figure is an exaggeration and explained the actual wages and benefits drivers receive.
Alibaba Group's new CEO, Eddie Wu, has outlined the company's strategic priorities of "user first" and "AI-driven," as well as promoting young employees to maintain a startup mindset, amidst the company's organizational restructuring and increasing competition in the Chinese market.
Better Home & Finance, a mortgage origination company, went public at a bad time as mortgage rates rise, causing the stock to drop by 93%.
Texas' electric grid operator, ERCOT, is requesting residents to conserve energy from 4 p.m. to 9 p.m. due to tight grid conditions caused by low wind and potentially low solar generation, along with high demand.
China's property developer, Country Garden, recorded a record loss of $6.7 billion in the first half of 2023 and warned of a potential default risk.
The US FDA has approved new COVID booster shots from Pfizer and Moderna to address the omicron subvariant XBB.1.5, which could be available in the coming days pending CDC clearance.
Twitter/X owner Elon Musk is planning to launch video and audio calls on the social media platform, which will be available on all major platforms and will not require a phone number.
Kroger and Albertsons are selling off 413 stores and other assets for $1.9 billion in an effort to appease the Federal Trade Commission and move forward with their proposed merger.
Arm, the British chip designer, is gearing up for a highly-anticipated IPO, capitalizing on the growing interest in semiconductors and artificial intelligence, even though it may not see immediate benefits from the AI boom like Nvidia.
Ford is recalling nearly 42,000 Super Duty F250 and F350 trucks due to a mechanical issue with the left rear axle shaft that can increase the risk of a crash.
The US government's high-stakes trial against Google, which accuses the company of illegally cementing its search engine dominance, is seen as a landmark case that will test the government's ability to rein in Big Tech.
A Chihuahua mix named Maia, who escaped her crate at Atlanta's Hartsfield-Jackson International Airport, has been found and is on her way back home to the Dominican Republic with her owner's mother.
Palantir's stock was downgraded by Morgan Stanley analyst Keith Weiss, stating that while the company's valuation reflects optimism in AI, it will take time for Palantir to generate significant revenue from its AI offerings.
Interest rates on CDs are currently high, making it a good time to deposit money into one for the higher returns and the predictability and protection they offer compared to regular savings accounts.
Shares of Smurfit Kappa dropped 11% after announcing a merger with WestRock to create one of the world's largest packaging companies, to be listed in New York and London, with WestRock shareholders receiving one Smurfit WestRock share and $5 cash per share.
Sales of new single-family homes rose in July as an acute shortage of existing homes drove buyers to new units, although prices dropped by nearly 10%.
BlackRock, the world's leading money manager, has reduced its support for shareholder proposals related to environmental, social, and governance (ESG) factors, raising questions about the company's commitment to sustainability.
United Airlines has agreed to pay $30 million to the family of a quadriplegic man who suffered brain damage and went into a coma after being aggressively pushed off a plane by a United agent, according to a lawsuit.
Foreign companies trying to exit Russia are facing higher costs as Moscow demands bigger discounts on the assets they want to sell, amidst tightening exit requirements and the threat of nationalization.
Shopify merchants can now offer "Buy with Prime" on their Shopify stores, allowing online consumers to use their Amazon wallet for payments and receive fast, free delivery and returns through Amazon's fulfillment network.
The FDA has approved updated COVID boosters from Moderna and Pfizer to target emerging variants, allowing shots to potentially be administered this week.
Spectrum has changed the cable industry norm by negotiating with Walt Disney to drop carriage of five cable networks and offer streaming services, setting a new paradigm for carriage deal negotiations and potentially impacting the already struggling streaming services.
Mortgage rates have decreased for both 15-year fixed and 30-year fixed mortgages, while the 5/1 adjustable-rate mortgage has increased; inflation and the Federal Reserve's interest rate hikes have contributed to the fluctuation in rates.
Turmeric, specifically its active compound curcumin, may be just as effective as the drug omeprazole for treating indigestion, according to a study published in BMJ Evidence-Based Medicine. However, further long-term studies are needed to confirm its efficacy.
The US has experienced the highest number of billion-dollar weather disasters on record this year, with wildfires and severe storms causing extensive damage and claiming lives across the country.
3M has reached a tentative agreement to pay over $5.5 billion to settle claims from military service members who suffered hearing loss or tinnitus due to defective earplugs sold to the U.S. military, potentially ending a years-long legal dispute.
Kia is recalling over 319,000 cars due to a trunk latch defect that can crack, posing a risk of trapping occupants inside.
JPMorgan Chase CEO Jamie Dimon criticizes stricter capital rules proposed by U.S. regulators, warning that they could impede economic growth and decrease lender investment.
Nearly 1 million California workers, including fast food and healthcare workers, could see major salary increases, with most fast food workers being paid at least $20 per hour next year and healthcare workers earning at least $25 per hour over the next decade, as labor unions gain momentum in the state's Democratic-led Legislature after high-profile strikes in the entertainment and hospitality industries.
The U.S. Department of Energy announced a $15.5 billion package of funding and loans to support the transition to electric vehicles, retool existing factories, and expand domestic manufacturing of batteries, emphasizing job retention and promoting equity and environmental justice.
Disney and Spectrum cable operator Charter have reached a new carriage deal, ending the ten-day blackout of Disney channels and allowing Spectrum subscribers to watch Monday Night Football on ESPN.
Kellogg Co. has received board approval to split into two companies, WK Kellogg Co. and Kellanova, effective October 2, with WK Kellogg remaining a cereals company and Kellanova becoming a snacks company headquartered in Chicago.
General Motors will be closing its Arizona IT Innovation Centre in Chandler, resulting in about 940 job losses, as part of the company's efforts to align its IT resources and footprint in the US.
The Maui fires were caused by bare and uninsulated power lines left by Hawaiian Electric Co., which failed to cover up or bury their lines like other utilities in wildfire- and hurricane-prone areas, resulting in a spate of lawsuits and criticism of the utility's negligence.
UBS reports a record $29 billion quarterly profit, the largest ever for a bank, thanks to an accounting gain from its acquisition of Credit Suisse, leading to a surge in stock prices.
J.M. Smucker Co. is acquiring Hostess Brands for $5.6 billion, expanding its portfolio of beloved brands and accelerating its focus on convenient consumer occasions.
CNBC LLC, a division of NBCUniversal, provides real-time snapshots and analysis of global business and financial news, stock quotes, and market data.
UPS CEO Carol Tome said that the costs incurred by the company for the new Teamsters contract are less than the "$30 billion in new money" touted by the union, emphasizing that it is a cost-effective and fair deal.
The platform formerly known as Twitter, now called X, will start collecting biometric data and information on users' employment and education history, according to its updated privacy policy, with the intention of providing additional verification for X Premium users and recommending potential jobs and relevant advertising.
Tesla's upcoming Dojo supercomputer has the potential to increase the company's valuation by $500 billion, as it will enable Tesla to expand its software and services revenue beyond self-driving capabilities, according to Morgan Stanley.
Heat pumps are over twice as efficient as fossil fuel heating systems in cold temperatures, making them suitable for almost all homes in Europe and providing policymakers with the incentive to rapidly implement them as a low-carbon heating solution.