Corporate News

Welcome to our corporate news platform, your trusted source for the latest and most pertinent updates in the world of business. We understand the critical importance of staying well-informed in today’s fast-paced business environment, and our commitment is to provide you with a concise and insightful resource to navigate this ever-changing landscape.

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Constellation Brands, U.S. maker of Modelo and Corona, withdraws 2028 guidance due to uncertainty

Constellation Brands withdrew its previously issued fiscal 2028 outlook on Wednesday and reported "subdued" demand across its categories.
Delta CEO says airline will 'meaningfully' cut growth plans, sees $300 million boost from its refinery

Delta is scaling back its flight plans as fuel costs grow to reduce its expenses.
Jeff Shell leaves Paramount after allegations of SEC violations; company calls claims 'baseless'

Paramount President Jeff Shell is leaving his position after a lawsuit accused him of violating SEC rules.
The U.S. housing markets where million-dollar listings are standard

Nearly all of active listings in Nantucket, Massachusetts, cost at least $1 million.
Trump administration sets up to 100% tariffs on some imported drugs, with many companies exempt

The Trump administration is preparing to impose new tariffs on drugmakers that have not struck deals with the president to lower their U.S. drug prices.
Why the U.S. Navy’s retail business is fighting Walmart and Amazon to fund its own future

The Navy runs more than 300 stores globablly but its operations are at risk because retail giants like Walmart, Amazon and Target are taking market share.
Jet fuel supply concerns grow as war with Iran drags on, airlines cut flights

Fuel prices have nearly doubled in the U.S. since the United States and Israel attacked Iran.
Novo Nordisk's explosive Wegovy pill launch draws a new wave of patients into GLP-1 weight loss treatment

CNBC spoke with five U.S. patients who recently started the pill following its launch and have varying initial experiences with the drug.

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