Credit & Debt News

Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand

Gap announced a new CEO for Old Navy on Thursday as the brand reported a decline in comparable sales for the most recent quarter.

FDA approves daily HIV pill from Gilead designed to simplify treatment for some patients

The new pill is also aimed at people who are doing well on a single-tablet regimen, including Biktarvy, and want to switch to a new treatment.

Family offices are making a bullish bet on the stock market, according to CNBC Family Office Portfolio Tracker

The data includes the portfolios of hundreds of family offices, representing a total of $1.4 trillion in assets.

What the Buss family Lakers dispute can teach the wealthy about trusts

Jeanie Buss, governor of the Lakers, is contesting her siblings' decision to sell the family's remaining stake in the NBA team.

American Airlines adds batch of new international routes on its XLR planes

American is adding seven routes to its 2027 schedule, with the majority heading to smaller European cities from its Philadelphia hub or from New York City.

Lost in limbo: Where the Paramount merger delay leaves WBD, and what may come next

Paramount Skydance's acquisition of Warner Bros. Discovery is stalled due to an antitrust lawsuit, leaving WBD in limbo during a pivotal moment for media.

Hyundai has grown more than any automaker in the U.S. — and it's not done yet

The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.

Dick's Sporting Goods stock falls 30% as retailer misses expectations, cites 'challenging' footwear market

Dick's Sporting Goods reported fiscal second-quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.

HHS plans new FDA deputy commissioner roles for technology and drugs, sources say 

HHS plans to name two deputy commissioners for technology and drugs, said two sources familiar with the matter.

United Airlines adds 2027 flights spanning Sardinia to Okinawa. Here's what it says about travel today

United is betting big on premium, international travel with a host of new routes.

Elon Musk in a post on X says some of his Trump posts ‘went too far’ and that he regrets them

Bank of England decision on Thursday will be at 12:02 p.m. local time instead of 12 p.m., due to VE Day’s two minutes of silence

Swiss National Bank cuts interest rates by a half point to 0.5%

Dollar jumps 0.5% to 0.8890 francs

Germany flash manufacturing PMI rises to 4-month high of 43.2