Business

European stocks are set to open slightly lower Tuesday morning, as market participants prepare for key events later in the week. The FTSE 100 is seen 9 points lower at 7,442, the CAC is expected to open down around 8 points at 5,463, while the DAX is poised to start 36 points lower at 11,926,

The U.S. Food and Drug Administration on Monday refused to fully review the marketing application for Zogenix‘s treatment for seizures associated with Dravet syndrome, a rare form of childhood epilepsy, the company said. As part of a preliminary review, FDA determined that the application was not sufficient enough for a substantive review. Shares of Zogenix

The FDA won’t approve of this year’s hot food trend. The National Restaurant Association and the American Culinary Federation surveyed 650 professional chefs about the top culinary and restaurant concepts for 2019. Three in four chefs said that CBD- and cannabis-infused food would be a hot trend this year. Of course, chefs’ interest in cannabis

When we last sampled a Mazda MX-5 Miata in 2017, in retractable fastback (RF) guise, we called it “pint-sized perfection” and raved that it was the best drop-top you could get for under $60,000. Given that it costed closer to $30,000, that was impressive. Now, Mazda says they’ve made it better. Power has risen from

Every week — generally on Thursdays — MIcrosoft CEO Satya Nadella and his top lieutenants convene to discuss the company’s growing number of artificial intelligence projects. Known as AI 365, the meetings started over a year ago and reflect Microsoft’s increased emphasis on AI across the product portfolio, Chief Technology Officer Kevin Scott told CNBC

It’s not just your imagination. Just about every fast-food chain, from McDonald’s to Carl’s Jr. to Burger King, is introducing more bacon items to their menus. The number of restaurant menus across the U.S. that feature bacon has grown by 5% in the last 10 years. Bacon was found on 68.1% of fast-food menus in

Mondelez and Campbell’s Soup are locked in a stalemate over the sale of the soup company’s Arnott’s cookie brands, people familiar with the matter tell CNBC. The Oreo-owner submitted a final offer a few weeks ago for Campbell’s international business, including Arnott’s, that was below Campbell’s roughly $3-billion price expectation, the people said. The two

President Donald Trump’s decision not to follow through with a shutdown of the Mexican border comes as a big relief for U.S. automakers, especially considering the industry is already struggling with the administration’s tariffs on imported aluminum and steel and a slowdown in U.S. sales. Nearly every major automaker saw sales fall in March and

The March employment report was good enough to dim worries about a recession and not rattle the Federal Reserve, CNBC’s Jim Cramer said Friday. “The Labor Department’s nonfarm payrolls report gave you some goldilocks numbers, alright, with just the right amount of job growth and just the right amount of wage inflation, meaning robust and

CNBC’s Jim Cramer on Friday said Chemical Financial, a regional bank with more than 200 locations, is worth a buy. The Detroit-based bank is on the verge of becoming a powerhouse in the Midwest once its deal for TCF Financial closes in the second half of the year, and analysts are anticipating that it will

Health officials are investigating an E. coli outbreak that has sickened 72 people across five states, federal health agencies said Friday. Eight people have been hospitalized, the Centers for Disease Control and Prevention said in a statement announcing the outbreak. The CDC is working with the Food and Drug Administration and Department of Agriculture’s Food

Executives from the likes of Facebook and Google could reportedly be held liable for harmful content shared on their platforms under U.K. government plans. Britain is set to unveil legislation on Monday that brings about a new legally-binding duty of care on social media firms to make their platforms safer, The Guardian reported, citing a

Cloud stocks took a tumble during the trading session that was potentially fueled by investment funds raising cash to get ready for the next big initial public offering, CNBC’s Jim Cramer said Thursday. While the S&P 500 tallied its first six-day winning streak in more than a year, the biggest cloud names were in the

Tesla CEO Elon Musk said he respected the U.S. judicial process, but chuckled when asked if he felt the same about the Securities and Exchange Commission as he entered a federal courthouse Thursday for a showdown with the federal agency. Musk is in New York for a hearing on contempt charges requested by the SEC

Ethiopia has said Boeing must review the “controllability” of the 737 MAX 8 aircraft model and that aviation authorities should verify the flight control system was “adequately addressed” by the U.S. plane manufacturer. A 737 Max that crashed in Ethiopia in March killed all 157 people on board. Speaking at a press conference Thursday, the

SpaceX fired up its prototype Starship rocket on Wednesday evening at the company’s facility in southern Texas, CEO Elon Musk confirmed in a tweet. “Starhopper completed tethered hop,” Musk said in a tweet, sharing a video of the apparent test firing. “All systems green,” he added. Musk tweet: Starhopper completed tethered hop. All systems green.

As tech giants face growing scrutiny over their market power, Amazon has quietly removed some of the most aggressive promotional spots for so-called “private label” products on its web site. Private label products are created by Amazon or partners, and are sold only on Amazon’s web site under an exclusive brand name. They benefit Amazon

U.S. stock futures climbed Wednesday on optimism over U.S.-China trade talks. As of 02:45 a.m. ET, Dow futures were 100 points higher, indicating a positive open of 67 points. S&P 500 and Nasdaq futures also rose. American and Chinese officials are reportedly closing in on a trade deal, having resolved most of the outstanding issues

Wearing workout clothes as casual attire is a fashion trend that’s gaining steam, CNBC’s Jim Cramer said Tuesday. He recalled that sporting gear companies such as Dick’s Sporting Goods, Nike, and Lululemon all delivered varying quarterly performances from poor to amazing results, but the athleisure space is ever popular. “I don’t think that the pie

Check out the companies making headlines midday Tuesday: Lyft – Shares of Lyft are down 1.3 percent after Seaport Global Securities analyst Michael Ward raised concerns over the ride-sharing company’s valuation. Ward initiated coverage of the stock with a sell rating and a 12-month price target of $42 per share, while Lyft’s IPO was $72.