CNBC News

Lululemon Athletica CEO Laurent Potdevin had a multi-year relationship with a female designer at the company he oversaw, and this was one of the issues that contributed to his departure, sources familiar with the situation tell CNBC. The employee in the relationship with Potdevin resigned in 2014, after the relationship […]

SpaceX CEO Elon Musk put the space industry on notice Tuesday when Falcon Heavy became the most powerful commercial rocket in the world. Musk said he wants “a new space race,” telling reporters after the launch he thinks Falcon Heavy’s success will “encourage other companies and countries” to be ambitious […]

House Republicans on Tuesday passed a bill to lift caps on Pentagon spending for the next eight months and fund the rest of the government at current levels for just six weeks. The bill is the GOP’s opening salvo in a high-stakes gamble set to play out this week in […]

CNBC’s Jim Cramer noticed on Monday that the stock market’s 1,000-point sell-off was being exacerbated by some particularly “toxic” trading instruments. “The velocity of the decline, well, that was absurd. This is important if you want to get your head around why we were able to snap back so rapidly […]

The upcoming battle over the debt ceiling could have a big impact on the market, CNBC’s Jim Cramer said on Tuesday. “We really hate any debt ceiling issue which makes it so that the government would even seem for a second that it would default,” the “Mad Money” host said […]

Gilead Sciences on Tuesday said fourth-quarter sales of its flagship hepatitis C drugs fell by more than half amid increased competition and forecast a further slowdown next year, sending its shares lower after the closing bell. For full-year 2018, the biotechnology company forecast product sales of $20 billion to $21 […]

Hedge fund billionaire Paul Tudor Jones, who called the October 1987 crash, believes markets are in a dangerous financial bubble thanks to Federal Reserve’s “obsession” with inflation targeting. The investor lambasted what he called an “arbitary” 2 percent inflation target set by the central bank, a goal he views as […]

Snap is still growing faster than Facebook in North America, the most lucrative market for both companies. Snap said late Tuesday its daily average users in the region during the fourth quarter of 2017 rose 5 percent from the prior quarter to 80 million. Facebook said last week its daily […]

Chipotle Mexican Grill is set to report fourth-quarter earnings after the closing bell Tuesday. The burrito chain is expected to post earnings of $1.32 per share on $1.12 billion in revenue, according to Thomson Reuters. Chipotle has struggled to regain customer confidence since a series of food-borne illness outbreaks caused […]

Disney is slated to report first-quarter earnings after the close Tuesday, as its blockbuster deal with Twenty-First Century Fox looms over the rest of the entertainment industry. Here is what Wall Street expects: EPS: $1.61, according to Thomson Reuters Revenue: $15.46 billion, according to Thomson Reuters In December, Disney announced […]