Bars of original KitKat chocolate, produced by Nestle SA. Jason Adlen | Bloomberg | Getty Images For chocolate lovers around the world, a new invention by Nestle cuts out added sugar so that customers can enjoy its 70% dark chocolate with less guilt. The Swiss multinational company’s new “Cacao Fruit Chocolate” will be made wholly
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Stewart Butterfield, CEO and co-founder of Slack, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 10, 2019. Gerry Miller | CNBC Microsoft might be the primary competitor for Slack, but the widespread adoption of Microsoft’s software is not a major problem for Stewart Butterfield, co-founder and CEO of
Boeing 737 MAX airplanes are stored in an area adjacent to Boeing Field, on June 27, 2019 in Seattle, Washington. After a pair of crashes, the 737 MAX has been grounded by the FAA and other aviation agencies since March, 13, 2019. Stephen Brashear | Getty Images Boeing on Monday sought to reassure aircraft financing
The Charging Bull near Wall Street is pictured in New York, January 16, 2019 Carlo Allegri | Reuters J.P. Morgan on Monday raised its 2019 S&P 500 forecast and told clients that the market is set for even more gains in the second half as the Federal Reserve pivots toward easier monetary policy and the
A tourist guide holds an umbrella featuring a panda pattern in front of Tiananmen Gate in Beijing, China. Guang Niu | Getty Images China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in at least 27 years, as the country’s trade war with the U.S. took its
A large section of Manhattan’s Upper West Side and Midtown neighborhoods are seen in darkness from above during a major power outage on July 13, 2019 in New York City. Scott Heins | Getty Images News | Getty Images Con Edison apologized on Sunday for a blackout that left 72,000 customers without power for hours
Jack McCauley was one of the six Oculus co-founders, but he’s also one of its biggest bears, telling CNBC he doesn’t think there’s a market for virtual reality video gaming. Jack McCauley Five years after its $2 billion purchase of Oculus, Facebook is still pushing forward in its efforts to bring virtual reality to a
Istvan Kadar Photography | Moment | Getty Images Nearly 40,000 Con Edison customers were left without power Saturday after massive outages hit New York City. The utility company said it was responding to “extensive outages” on the westside of Manhattan and would share more information as it becomes available. The power outage was apparently caused
Luxury retailer Barneys New York is making preparations for a bankruptcy filing that could come as soon as this month, people familiar with the matter tell CNBC. Barneys, which is facing a liquidity crunch spurred by a rent hike at its Manhattan flagship, has engaged law firm Kirkland & Ellis and financial advisers a M-III
Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company’s initial public offering on Thursday, March 2, 2017. Michael Nagle | Bloomberg | Getty Images After a rough two years following its IPO, Snap is trading within shouting distance of its $17
Tropical Storm Barry, which threatens to make landfall as a hurricane Saturday and flood parts of Louisiana, will pose a serious test of New Orleans’ post-Hurricane Katrina flood defenses. New Orleans’ situation is precarious. The Mississippi River is expected to rise to nearly 20 feet, the highest level since 1950; roughly 10 to 15 inches
Nick Gregory, a 26-year-old manager, vapes on a JUUL at Botany Bay in Lexington, Ky. Charles Bertram | Tribune News Service | Getty Images A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs
Ford Motor and Volkswagen officially announced the expansion of their global “collaboration” Friday morning, adding autonomous and electrified vehicles to the list of projects that began with January’s announcement of a joint venture covering commercial vehicles. The expanded alliance now will add two of the most significant, albeit costly, technologies expected to dramatically reshape the
CNBC’s Jim Cramer on Thursday said that shares of FedEx have been tough to own as of late, but noted an optimistic sign in its recent stock activity. The stock mustered a rally after the company reported mixed-quarterly results late last month. On the conference call, management told shareholders that the global economic slowdown has
President Donald Trump Jabin Botsford | The Washington Post | Getty Images Pharmaceutical companies may be in the direct path of President Donald Trump‘s next big policy push to lower drug prices after the administration abandoned a proposal that would have eliminated rebates from government drug plans. Earlier Thursday, the White House said the Trump
Lululemon opens a 20,000-square-foot store in the Lincoln Park neighborhood of Chicago, at 944 W. North Ave. Source: Lululemon CHICAGO, Il. — Lululemon is opening its biggest store ever Thursday morning, and you can do a lot more than just shop there. The store in the Lincoln Park neighborhood of Chicago, at 944 W. North
Pinterest led by Chairman, Co-Founder, President and CEO Ben Silbermann and Co-Founder, Chief Design and Creative Officer, Evan Sharp ring the opening bell celebrating the IPO of Pinterest at the New York Stock Exchange in New York, April 18, 2019. Brendan McDermid | Reuters Venture capitalists have never seen returns like this. In the second
Steve Bray, a political activist, shouts anti-Brexit slogans through a megaphone near the Houses of Parliament in London, U.K., on Tuesday, March 12, 2019. Chris J. Ratcliffe | Bloomberg | Getty Images The U.K.s National Health Service announced a partnership on Wednesday with Amazon to make it easier for people to get health advice using
Apple came under pressure earlier this week, and as the second-biggest stock by weight in the S&P 500, that weighed on U.S. equities. Apple is one of five “big tech” companies among the S&P 500’s top 10 holdings: Microsoft (No. 1); Amazon (No. 3); Facebook (No. 4); and Alphabet are the others. Apple also is
The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. Everett Rosenfeld | CNBC British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately