Kraft Heinz says it faced pressure from suppliers, delayed projects and rising costs. Investors wonder if there's a bigger problem.
Kraft Heinz wrote down $15.4 billion in value on its Kraft and Oscar Mayer Brands in the fourth quarter. Wall Street analysts are doubting whether the company's cost-cutting strategy can work in today's competitive landscape.
Stocks rose on Friday as another round of trade talks between the U.S. and China wrapped up with investors increasingly more hopeful a deal will be struck.
Goldman Sachs' secret portfolio that tracks hedge funds' most popular long positions is crushing the market.
The owner of the Super Bowl champion New England Patriots, Robert Kraft, is being criminally charged with soliciting prostitution at a spa in Florida, where surveillance video showed him receiving sexual services, police said Friday.
Starting Monday in Dallas, the central bank will hold a series of "Fed Listens" events aimed at getting input from various parts of the community.
Several apps share highly sensitive data with Facebook even if users do not have a Facebook account, testing by The Wall Street Journal found.
Just five of the stocks of the Dow 30 have carried it back within reach of record highs: Boeing, IBM, United Technologies, Goldman Sachs and Home Depot.
These are the stocks posting the largest moves midday Friday.
Producers of the 20th Century Fox Television show "Empire" decided Friday to remove actor Jussie Smollett from the final two episodes of the latest season following the actor's arrest.
New York authorities reportedly are preparing to criminally charge convicted tax cheat and bank fraudster Paul Manafort whether President Donald Trump pardons his ex-campaign chief or not.
Rep. Joaquin Castro had prepared the measure to block Trump's national emergency declaration, which he aims to use to divert money to build his proposed border wall.
Outgoing AutoNation CEO Mike Jackson says investors should not buy auto stocks when the industry heads into a period of decline.
Richard Branson's space tourism company Virgin Galactic told CNBC on Friday that astronaut trainer Beth Moses is on the company's spacecraft Unity, along with the two pilots.
"We are really on the cusp of some significant technological breakthroughs, and it's happening at the right time because we are getting our regulations right as well," FCC Commissioner Brendan Carr says.
Turns out, the billionaire Microsoft co-founder is "supercool."
The justices next week are set to hear arguments over whether a giant, four-story WWI memorial cross located in a busy Maryland intersection and maintained by the government can remain standing.
Gillibrand is to attend the March 31 fundraiser at the home of Pfizer executive Sally Susman, according to people with direct knowledge of the matter.
Google will announce new hardware for its upcoming streaming game product at the Game Developers Conference, according to 9to5Google.
Minnesota's Xcel Energy shows that fighting climate change can hold down utility electricity rates and beat the market.