The U.S. Food and Drug Administration is shuffling its top drug and biologics regulators, days after the departure of former commissioner Marty Makary.
Jim Cramer's CNBC Investing Club recapped Thursday's market activity, noting a tech sector divide, Meta's AI spending concerns, and Honeywell Aerospace's post-spin-off volatility. Cramer remains bullish on key holdings like Intel and Meta.
CNBC's "America's Top States for Business" ranking, launched in 2007, has tracked state economic performance for 20 years. Consistent top performers include Virginia and Texas, while Michigan and Ohio show significant improvement. Conversely, South Dakota and Idaho have seen notable declines.
Oil prices dropped Thursday as markets anticipated that U.S. strikes on Iran would not escalate into a full-scale war. Brent crude futures fell 1.3% to $76.98, and WTI futures dropped 1.6% to $72.38.
Warrington bar owner Owen Williams is rejecting job applications submitted by parents on behalf of their children, insisting on direct applications with CVs to gauge applicant confidence and independence.
Hawaii, facing inherent disadvantages in state competitiveness, is prioritizing childcare access. Despite being the most expensive in the nation, childcare issues are pushing the state to the bottom of CNBC's rankings, impacting its Quality of Life score.
PepsiCo reported mixed second-quarter results, with strong international demand offset by struggles in its North American food and beverage divisions. CEO Ramon Laguarta cited tightening consumer budgets due to inflation and rising gas prices as key factors impacting domestic performance.
