Eli Lilly continues to work on commercializing its strong innovation pipeline, which is a key reason the CNBC Investing Club owns the stock.
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Target expects squeezed profits from aggressive plan to get rid of unwanted inventory
Target said it will take a short-term hit from markdowns, but wants to clear room for groceries, back-to-school supplies and other items consumers want.
Continue readingKohl’s shares jump after retailer enters exclusive sale talks with Franchise Group
Franchise Group is proposing to buy Kohl’s for $60 per share.
Continue readingElon Musk says an IPO of SpaceX’s Starlink satellite internet business is still 3 or 4 years away
Elon Musk has told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned.
Continue readingShares of Chinese EV maker BYD jump after exec says company is set to supply batteries to Tesla
A senior executive at China’s BYD said during a Chinese state media interview that the firm is poised to supply Tesla with batteries “very soon.”
Continue readingStarbucks is looking externally for its next CEO, Howard Schultz says
Starbucks’ next CEO will come from outside the company, interim leader Howard Schultz told The Wall Street Journal.
Continue readingWalmart is using its thousands of stores to battle Amazon for e-commerce market share
Walmart is increasingly relying on its vast network of stores to build out its e-commerce business.
Continue readingStarbucks union creates $1 million fund to cover lost pay for striking baristas
As of early this week, 100 Starbucks locations have voted to unionize under Workers United.
Continue readingFord’s U.S. sales decline narrowed in May as demand remained high for its electric vehicles and pickups
Ford said its sales decline was narrower than the overall industry’s, helped by demand for the company’s latest products as the chip shortage lingered.
Continue readingFord to add over 6,000 U.S. jobs as it boosts electric vehicle production and prepares for a new Mustang
Ford will add 6,200 union jobs and promote another 3,000 temps to full-time status as it prepares to build more EVs and all-new versions of […]
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