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Tuesday, May 7

23

Oddity Tech says it's bucking the beauty slowdown Ulta warned about

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Beauty stocks fell last month after Ulta CEO Dave Kimbell said beauty demand was cooling, but cosmetics upstart Oddity Tech said the industry is just changing.

18

Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance

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Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.

Amgen, newer rivals could threaten Novo Nordisk and Eli Lilly's weight loss drug dominance

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Amgen, Viking Therapeutics, Altimmune, AstraZeneca, Boehringer Ingelheim and Zealand Pharma are making encouraging progress on their own treatments.

New York tops the list of the 50 richest cities in the world

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The U.S. is increasing its lead as the largest creator of millionaires and billionaires in the world.

15

Private equity firms circle Peloton for potential buyout

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Private equity firms have been circling Peloton for a potential buyout as it grapples with slowing sales and losses.

Life Time fitness leans into pickleball with Lululemon partnership, new courts and more

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The upscale fitness company is trying to grow its brand by investing in America's fastest-growing sport, pickleball.

14

The streaming future Disney promised is finally here as cable TV decays

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Disney's second-quarter results showed an improving streaming business and a rapidly declining linear TV unit

13

Ahead of retail earnings, here's what we know about the consumer so far

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Home Depot and Walmart kick off first-quarter retail earnings next week.

Monday, May 6

23

Dozens of former employees plan to sue Bowlero alleging discrimination after EEOC closes case, lawyer says

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Dozens of former employees plan to sue Bowlero for discrimination and retaliation after the EEOC declined to bring a lawsuit against the company.

22

Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending

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Citigroup CEO Jane Fraser joined CNBC's Sara Eisen Monday for an interview on the economy.

17

Equinox launches $40,000 membership to help you live longer

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"Optimize by Equinox" is a personalized health program that includes everything from personal training and nutrition to sleep coaching and massage therapy.

16

Ex-CEO Howard Schultz says Starbucks needs to revamp its stores after big earnings miss

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In its latest quarter, Starbucks reported a surprise decline in same-store sales and slashed its full-year forecast.

Saturday, May 4

14

Star Wars was the first Lego license — 25 years later, it's stronger than ever

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The Star Wars license was the first of its kind for Lego. Now, it has become a blueprint for the company's other brand deals.

Friday, May 3

21

Dave & Buster's plan to allow betting on arcade games draws scrutiny

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An Illinois lawmaker is proposing legislation to prevent wagering at family entertainment venues, saying such companies don't have proper safeguards in place.

18

Berkshire Hathaway’s big mystery stock wager could be revealed soon

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Warren Buffett's bet, shrouded in mystery, has captivated Berkshire Hathaway investors since first appearing in disclosures late last year.

Immigrant workers are helping boost the U.S. labor market

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The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.

Talent war between family offices and Wall Street drives up salaries

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Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.

17

Amgen stock soars on weight loss injection progress as Novo Nordisk, Eli Lilly shares slide

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Amgen's update fueled concerns about potential new competition in the weight loss drug market, sending shares of Novo Nordisk and Eli Lilly lower.

Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks

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Skydance is likely to walk away from its Paramount offer unless controlling shareholder Shari Redstone reaffirms her commitment following the Apollo-Sony bid.

Thursday, May 2

00

Amgen scraps experimental weight loss pill, moves forward with injection

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Amgen is among several drugmakers racing to join the red-hot weight loss drug space dominated by Novo Nordisk and Eli Lilly.

23

Wayfair shares surge after furniture retailer cuts losses by more than $100 million

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Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.

22

Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid

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Sony and Apollo showed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.

14

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt

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Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.

13

Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold

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The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from the expected launch of its RSV vaccine.

Wednesday, May 1

23

Carvana shares spike 30% as used car retailer posts record first quarter

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Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.

Viking shares rise 8% after cruise line operator's market debut

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The company's initial public offering coincides with a strong rebound in cruise bookings.

21

Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's

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Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.

Bally Sports regional networks go dark for Comcast cable customers

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Carriage negotiations between Comcast and Diamond Sports broke down, leaving cable customers without access to Bally Sports regional networks during MLB season.

Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales

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The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.

19

CVS shares plummet as health company slashes profit outlook on higher medical costs

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CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.