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business news

How Outback success in Brazil keeps Australian-style BBQ chain alive

by Leila Aboulela

Outback Steakhouse, renowned for its American twist on Australian-style barbecue, has found unexpected success in Brazil as its U.S. business stalls. The South American segment is responsible for an astonishing …

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Wall Street sees potential upsides of UAW auto strikes

by Adam Aitken

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019. Michael Wayland / CNBC DETROIT – Many on Wall Street view potential …

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Walter Isaacson’s book ‘Elon Musk’ hits shelves, details explosive encounter with Bill Gates

by Claribel Alegria

Walter Isaacson speaking on CNBC’s Squawk Box on Sept. 12th, 2023. CNBC Walter Isaacson’s book “Elon Musk” hit shelves Tuesday, and the author told CNBC’s “Squawk Box” about a heated …

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Russia’s Vladimir Putin praises Elon Musk as an ‘outstanding person’

by Betti Alver

Elon Musk, chief executive officer of SpaceX and Tesla, and owner of X. formerly known as Twitter. Gonzalo Fuentes | Reuters Russian President Vladimir Putin on Tuesday praised Elon Musk, …

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Here’s why I am so bullish on the financial advisory industry

by Betti Alver

Undefined | Mint Images Rf | Getty Images OK, not all financial advisors wear capes. But many are superheroes to their clients. Advisors, however, do wear many hats because they …

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Chipmaking giant TSMC to invest up to $100 million in shares

by Claribel Alegria

TSMC is the top producer of the world’s most advanced processors, including the chips found in the latest iPhones, iPads and Macs. Jakub Porzycki | Nurphoto | Getty Images TSMC, …

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Novo Nordisk’s Wegovy weight loss drug launches in the UK

by James Agee

Packages of the weight-loss drug Wegovy from the pharmaceutical company Novo Nordisk lie on the sales counter in a Danish pharmacy. Stefan Trumpf | Picture Alliance | Getty Images Novo …

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SpaceX near rocket market monopoly is ‘huge concern:’ Lazard banker

by Adam Aitken

Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023. Michael Sheetz | CNBC …

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Macy’s chain Bloomingdale’s taps Olivier Bron as its next CEO

by Adam Aitken

Shoppers walk past a Bloomingdale’s store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. Victor J. Blue | Bloomberg | Getty Images Macy’s said Tuesday …

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Alibaba CEO Eddie Wu warns of being ‘displaced’

by Betti Alver

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Alibaba needs …

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