Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. The company has stopped any new development of the service, called Amazon Today, and will begin to wind it down, according to two people with knowledge of the matter. The people asked not to be named because they were not...

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter Rawlinson told CNBC. Rawlinson said the raise, which included a public offering of nearly 262.5 million shares of its common stock, was a timely, strategic business...

Elon Musk, his car company, Tesla, and Warner Bros. Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The lawsuit by the movie’s producer, Alcon Entertainment, says that the mega-billionaire Musk and the other defendants requested permission to use “an iconic still image” from “Blade Runner...

Four-figure checks tend not to fall out of the sky. But a group of e-cigarette users are suddenly finding themselves with a little extra cash, thanks to a massive class action settlement involving one of America’s tobacco giants. In online forums and on social media this week, users of Juul Labs nicotine products have been...

Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. Gorman joined Disney’s board less than a year ago and was named the head of the succession planning committee in August....

Chicken sandwiches, waffle fries, milkshakes — and now TV shows and podcasts? Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original animated shows, scripted podcasts, games, recipes and e-books aimed at families. While it’s an unusual move for a restaurant company to wade into the crowded media world, Chick-fil-A...

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ aircraft production. The ratification vote is set for Wednesday. The new proposal includes 35% wage increases over four years, a higher signing bonus of $7,000, guaranteed minimum payouts...

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, the day before the announcement, comes as CVS shares have fallen nearly 20% this year. Shares plunged about 13% in premarket trading Friday. CVS has faced challenges as...

Universal’s Epic Universe theme park will open its gates on May 22, 2025, in Orlando, Florida. Epic Universe is the company’s fourth theme park, part of a 750 acre development, and is the largest of all its properties, with five themed worlds: The Wizarding World of Harry Potter — The Ministry of Magic, Super Nintendo...

Amazon said Thursday it plans to host an election night special anchored by Brian Williams, marking the company’s first foray into live news coverage. The one-night special will provide election results and analysis on Prime Video starting at 5 p.m. ET on Nov. 5, the company said. Amazon emphasized it will be a “non-partisan presentation” pulling...