Business

White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025. Jonathan Ernst | Reuters President Donald Trump’s top economic adviser Kevin Hassett said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central bank even as she plans to …

Ballots are being cast Wednesday over a pivotal decision at a Kentucky manufacturing complex that is producing batteries for electric vehicles. Workers will decide whether to join the United Auto Workers and extend a streak of union victories in the South, where organized labor struggled to find solid footing. A two-day union vote closes Wednesday, about a week after production …

Nvidia, MongoDB, Kohl’s, Cracker Barrel, nCino, Smucker, and More Market Movers  Barron’s MongoDB stock surges 30% after earnings as company touts customer growth boom  CNBC Earnings live: MongoDB stock soars on AI tailwind, Kohl’s surges, Okta gains, Abercrombie & Fitch falls  Yahoo Finance MongoDB Lifts Outlook on Quarterly Sales Jump, New Customers  The Wall Street Journal Stock Movers: Kohls, JM Smucker, MongoDB  Bloomberg Source link

After suffering more than a week of online backlash to its new streamlined logo design — and a sharp drop in its stock price — the Cracker Barrel restaurant chain agreed to use its old logo. “We said we would listen, and we have,” the company announced in a statement. “Our new logo is going away and our ‘Old Timer’ …

OpenAI Plans to Update ChatGPT After Parents Sue Over Teen’s Suicide  Bloomberg Parents of teenager who took his own life sue OpenAI  BBC OpenAI encouraged California teen to carry out suicide, lawsuit claims  KTVU A Teen Was Suicidal. ChatGPT Was the Friend He Confided In.  The New York Times Helping people when they need it most  OpenAI Source link

U.S. stock futures inched higher Tuesday night as investors geared up for second-quarter earnings report from semiconductor giant Nvidia (NVDA). Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.06%, 0.05%, and 0.07%, respectively, at 8:23 p.m. EDT on August 26. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing …

Housing block in Warsaw, Poland Busà Photography | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, …

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The Starship megarocket passed its latest launch trial with flying colors, according to SpaceX. Starship, the biggest and most powerful rocket ever built, launched from SpaceX’s Starbase site in South Texas at 7:30 p.m. EDT (2330 GMT) on Tuesday (Aug. 26), kicking off the vehicle’s 10th-ever test mission. Flight 10 was eventful and ambitious. Starship met the challenge, “taking a …

Abercrombie & Fitch sales growth slowed again in its fiscal second quarter as the apparel company struggles to top the surge it enjoyed last fiscal year. During the quarter, sales at the namesake Abercrombie brand fell 5% while comparable sales dropped 11%.  But the success of teen-focused Hollister brand helped to salvage the quarter. Overall, Abercrombie & Fitch sales climbed …