Breaking News: Business
- Trump says tariffs on South Korean autos, pharma, lumber to rise to 25% over trade deal enaction delay - South Korean-based automaker Hyundai Motor is the largest importer of new vehicles from that country into the United States.
- Nike to cut 775 employees as it accelerates 'automation' at U.S. distribution centers - Nike is cutting 775 employees, primarily from jobs at distribution centers in Tennessee and Mississippi.
- Auto executives are hoping for the best and planning for the worst in 2026 - Automakers are entering a new phase of uncertainty as they deal with affordability issues and slowing consumer demand.
- Gov. Walz calls on Trump to halt ICE operations in Minnesota after another fatal shooting - "Minnesota has had it. This is sickening. The President must end this operation. Pull the thousands of violent, untrained officers out of Minnesota," Walz said.
- Iran is not a major oil producer, but it still moves prices. Here's why - Iran is not a major producer of oil, but the recent civil unrest there still moved markets. Here's why.
- What obesity drugmakers see next in the market: More pills, easier access and drug combinations - CNBC spoke to executives from Eli Lilly, Novo Nordisk, Pfizer and other drugmakers at the annual JPMorgan Healthcare Conference in San Francisco.
- Airlines cancel hundreds of flights as massive winter storm sweeps across U.S. - U.S. airlines canceled flights and waived change fees for travelers as a cold snap and massive winter storm were forecast to sweep across the country.
- Procter & Gamble earnings top estimates, but shrinking demand weighs on sales - Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
- Mortgage refinances surged again, but rates are now suddenly jumping higher - Mortgage refinancing jumped sharply higher for the second straight week, as interest rates fell further, but that boom may be about to bust.
- India’s largest company is caught in geopolitical tensions. But it faces the biggest challenge at home - The retail business is facing a slow down in sales, which has pushed brokerages to cut down on target price.