Business news

Business news • Jun 17

Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO; shares soar

Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon executive Nadia Carlsten ​as CEO, cementing the former footwear maker's...

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Business news • Jun 17

Tech Stocks Are Cheap? That’s a Problem Too.

Name a company that's gained nearly 4,500% over the past year but trades at only 14 times forward earnings. That may sound like a trick question,...

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Business news • Jun 17

CarMax (NYSE:KMX) Delivers Impressive Q2 CY2026, Stock Soars

Used automotive vehicle retailer Carmax (NYSE:KMX) reported Q2 CY2026 results topping the market's revenue expectations, with sales up 6.2% year on year to...

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Business news • Jun 17

These 50 early Amazon Prime Day deals are worth shopping before next week’s sale

Want more deals? Visit CNN Underscored's Guide to Prime Day for wall-to-wall coverage of the best early discounts to be found ahead of Amazon's annual...

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Business news • Jun 17

Federal Reserve holds interest rates steady but leaves door open to hike

The Federal Reserve on Wednesday left its benchmark interest rate unchanged amid resurgent inflation, but nearly half of its policymakers said they would...

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Business news • Jun 17

Abarca Health And LucyRx To Merge Into Alternative To Big Three PBMs

Abarca Health and LucyRx — two independent pharmacy benefit managers — have agreed to merge asregulators and the public seek a better price on prescription...

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Business news • Jun 17

Trump’s Justice Department urges court to throw out pollution lawsuit against Elon Musk’s company

In a highly unusual move, the Justice Department has asked a Mississippi court to throw out a lawsuit against Elon Musk's company xAI for its use of...

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Business news • Jun 17

Zhipu AI's GLM-5.2 closes in on closed-source leaders in coding marathons

Chinese AI lab Zhipu AI releases GLM-5.2 with a stable 1-million-token context under the MIT license. On hours-long coding tasks, the open-source model...

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Business news • Jun 17

CarMax Revenues Climb as CEO Calls for Digital Tune-Up

CarMax revenues are up, and CEO Keith Barr said he is focused on improving the company's digital car shopping experience.

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Business news • Jun 17

CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan

Despite the beats, questions remain about the company's ability to grow and cut costs under the plan amid tougher market conditions, including margin...

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Business news • Jun 17

The Iran War Has Rewired the Global Economy

The Iran war may quiet down, but the fallout isn't going anywhere. That's the message from the New York Times , which argues that the US-Israel war with...

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Business news • Jun 17

DOJ Defends Musk’s xAI in Data-Center Pollution Lawsuit

The Justice Department moved to block an NAACP lawsuit challenging xAI over allegations that gas turbines powering its Mississippi data center risk...

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Business news • Jun 17

Fast-food chains serve up '90s nostalgia with returning menu favorites at McDonald's, Burger King

McDonald's, Dairy Queen, Burger King and Pizza Hut are all bringing back a taste of the '90s with promos and limited-time returning menu items.

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Business news • Jun 17

SpaceX Stock Continues Decline After Initial Spike

Shares of Elon Musk's SpaceX rallied after a multitrillion-dollar IPO last Friday, reaching a peak of over $222 Tuesday morning.

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Business news • Jun 17

WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged

The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank's policymakers said they could support a rate hike later this...

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Business news • Jun 17

"Truly evil" FDA rejection of gene therapy overturned after Trump official ousted

A gene therapy for Huntington's disease has a new path toward approval from the Food and Drug Administration after the ouster of several Trump officials,...

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Business news • Jun 17

SpaceX acquires Anthropic and OpenAI rival in $60B deal

SpaceX just agreed to buy AI coding startup Cursor for $60 billion. Here's what the blockbuster deal means for Elon Musk's battle with Anthropic and OpenAI.

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Business news • Jun 17

Anthropic Employees Accuse Trump Administration of Targeting Them

Workers at the artificial intelligence company have been puzzled and increasingly concerned by the administration's move to limit their latest A.I. models.

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Business news • Jun 17

Tech stocks today: Uber and Lucid expanding in Houston, Intel's latest chip moves

What to watch from SpaceX and other tech stocks during the holiday-shortened week.

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Business news • Jun 17

Why so many Americans can’t afford housing anymore

The cost and toll of America's housing crisis is displayed in charts and statistics.

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