Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
Cannabis aficionados everywhere may finally get their wish as Oreo-maker Mondelez eyes adding CBD-infused snacks to its product line, which includes Chips Ahoy cookies, Cadbury chocolate, Nilla Wafers and Nutter Butter cookies.
"Yes, we're getting ready, but we obviously want to stay within what is legal and play it the right way," CEO Dirk Van de Put said Wednesday on CNBC's "Squawk on the Street. "
Although he dashed hopes that consumers would get CBD-infused Oreos, saying that the non-psychoactive compound in cannabis might not be a fit for the company's family brands, the company could add the ingredient to other products or even create new product lines.
A number of start-ups have already started selling CBD-infused food and drinks, but larger companies such as Mondelez and Coca-Cola are still sitting on the sidelines while federal health officials weigh new rules regulating the industry. Van de Put predicted the ingredient will hit the mainstream food market in the "not-so-far future."
In December, President Donald Trump legalized most products containing CBD when he signed the farm bill into law. Since then, retailers such as Walgreens and CVS have started selling a limited number of CBD products such as lotions and creams. However, the Food and Drug Administration prohibits adding the compound to food or beverages. In response to pressure from Congress, the regulator has set its first date for public hearings on the matter for next month.
"The space is not clear," Van de Put said. "It's a bit clearer in non-food products. In food products, I'm hoping that the FDA will bring some clarity in the coming months."
Professional chefs have named CBD- and cannabis-infused food as the top food trend of 2019. CBD in particular has been gaining buzz for health benefits, such as easing pain and managing anxiety. Little scientific research has been done to support those claims. Mondelez is also looking into those claims, Van de Put said.
Shares of the company were up 1% in morning trading Wednesday after Mondelez reported earnings Tuesday night. The stock, which has a market value of $74.14 billion, has risen 28% so far this year.
Mondelez reported adjusted earnings of 65 cents per share, topping analysts' expectations of 61 cents per share. But the company fell just short of estimates for revenue, reporting net sales of $6.54 billion. Wall Street was expecting the company to report revenue of $6.55 billion.