A customer inside a Starbucks coffee shop in Hercules, California, US, on Thursday, Sept. 25, 2025. David Paul Morris | Bloomberg | Getty Images Starbucks is seeing early signs that changes to its loyalty program are paying off as value-minded consumers take advantage of its rewards, CNBC has learned. Last month, the coffee chain brought…
LVMH CEO Bernard Arnault warned Thursday of “world catastrophe” if the conflict in the Middle East is not resolved. His comments came after the Iran war weighed on demand in the first three months of the year, halving the luxury giant’s sales growth. “The world is now in a pretty serious crisis in the Middle…
Tesla shares were lower after its first-quarter earnings announcement on Wednesday on the company’s bigger-than-anticipated cap-ex expansion, but Wall Street is buzzing about speculation that could keep a bid under the stock for the near future. The chatter is about a potential merger with SpaceX, Elon Musk’s breakout rocket company that is set to go…
Actor and filmmaker Maggie Gyllenhaal will preside over the main competition jury for the 83rd Venice International Film Festival later this year. Festival organizers announced the selection Thursday. Gyllenhaal, who most recently directed “The Bride!”, brought her directorial debut “The Lost Daughter” to the festival in 2021. Her adaptation of Elena Ferrante’s novel, starring Jessie…
The Tyson brothers will be 315 miles apart at 8 p.m. ET on Thursday night. And they each know exactly where the other will be at the moment the clock strikes eight. For Jaylon Tyson, his Cleveland Cavaliers will be on the court in Toronto for the opening tip of Game 3 in their playoff…
A view of a Microsoft office in Shanghai, China, on April 8, 2025. Ying Tang | Nurphoto | Getty Images Microsoft will offer voluntary buyouts to a small percentage of its workforce, a first for the 51-year-old software giant, as the tech industry grapples with major changes sparked by the artificial intelligence boom. The one-time…
France, Provence-Alpes-Cote d’Azur, French Riviera, Alpes-Maritimes, Principality of Monaco. Marco Bottigelli | Moment | Getty Images A million dollars isn’t what it used to be — especially in luxury real estate. According to the new Knight Frank Wealth Report, $1 million buys you only 16 square meters (or about 172 square feet) in Monaco, the…
Jet fuel shortages threaten to disrupt the upcoming summer travel season as the conflict in the Strait of Hormuz intensifies. Nurphoto | Nurphoto | Getty Images Peak travel season is almost here, but the International Energy Agency’s head told CNBC that Europe may struggle to meet surging jet fuel demand as the Middle East crisis…
Commercial vessels are seen off the coast of Dubai on April 20, 2026. – | Afp | Getty Images Bettors on the prediction markets platform Kalshi don’t think the Strait of Hormuz will be open to normal traffic flows for months. Odds that traffic will return to normal by June 1 fell below 50% on…
Michael Tilson Thomas, a leading American conductor for a half-century who headed orchestras in Buffalo, Miami, London and San Francisco while also composing, died Wednesday. He was 81. Tilson Thomas had surgery for a brain tumor in 2021 and resumed his career, then said in February 2025 the tumor had returned. He conducted his final…
