Through Walmart Fulfillment Services, third-party vendors that sell clothing or other items in Walmart.com’s marketplace can pay to have the retailer handle the logistics of getting items to a customer’s door. New and current vendors can sign up for the service starting Tuesday, according to Jare’ Buckley-Cox, vice president of Walmart Fulfillment Services. Hilding Anderson, head of retail strategy for digital consulting firm Publicis Sapient, said offering a fulfillment service for sellers “is

Are triple-stacked bunk beds the next evolution of the coach cabin? The airline has developed a set of triple-stacked, lie-flat sleep pods it calls the Economy Skynest. Passengers flying coach could buy time in one of the sleeper berths to stretch out and take a nap during a long international flight. Those seats, which can easily recline into beds, typically sell for four or five times more than a coach seat. Those seats, which have more space and recline further than those in coach are priced

Larry Kudlow, director of the U.S. National Economic Council, speaks during a television interview at the White House in Washington, D.C., U.S. on Thursday, Jan. 30, 2020. National Economic Council Director Larry Kudlow said the coronavirus-triggered selloff has created a buying opportunity for long-term investors. “The virus story is not going to last forever,” Kudlow said on CNBC’s on “The Exchange” on Tuesday. Along with the drastic drop in stocks, the benchmark 10-year Treasury yield plunged

Readings range from 0 to 100, with a reading of 50 considered neutral. On Monday, the tech-heavy index’s 14-day RSI reading fell below 50, breaking its longest streak above 50 on record, according to data from Sentimentrader . The Nasdaq-100 Index shed more than 2% on Tuesday, and based on one key technical indicator, it may be headed for even steeper declines. After more than 90 consecutive days with a reading over 50, on Monday the Nasdaq 100’s RSI fell to 39.3, according to FactSet. On Monday

(This story is for CNBC Pro subscribers only.) Billionaire investor Mario Gabelli said Tuesday that the sell-off in the U.S. stock market could accelerate and said that conditions reminded him of the dramatic pullback in the 1980s. Gabelli, the chairman and CEO of GAMCO Investors, said on CNBC’s “Closing Bell” it was unclear how some algorithmic trading strategies and the shift toward ETFs would effect the markets, and that he was unsure how the market would react to evidence of an economic slow

If Trump’s economic approval numbers deteriorate, he could be in trouble: ExpertBrian Gardener, KBW Washington Research analyst, joins ‘Power Lunch’ to discuss the impact of the coronavirus on the political landscape.

Disney CEO Bob Iger to step downDisney CEO Bob Iger is stepping down from his role. He will continue as the executive chairman through 2021 while Bob Chapek takes over as the CEO of the company.

Virgin Galactic—The space tourism company’s stock was down 6% in extended trading after it reported a greater-than-expected loss for the fourth quarter. Virgin Galactic also reported revenue of $529,000 for the fourth quarter, which was lower than the $800,000 it posted last quarter. Heico—The aerospace and electronics company’s stock whipsawed during extended trading after the company reported first-quarter financial results. Heico reported first-quarter earnings of 89 cents per share, exceedin

Bryn Talkington, managing director at Requisite Capital Management, said it makes sense to buy these pullbacks. “I would say don’t sell the debt because that’s really when you’re talking to people, not everyone’s just sitting in cash, waiting to invest. I think if you are sitting in cash, and I talked about this yesterday, this is a great time to look at what’s your dollar cost averaging. And so it’s like everyone says when we’re learning finance 101, buy low and sell high. Well folks, this is w

Virgin Galactic reported a larger-than-anticipated loss when it reported fourth-quarter results on Tuesday, although the interest from prospective customers in the company’s future spaceflights continued to climb. Shares of Virgin Galactic dropped about 5% in after-hours trading from its close at $34.04. Those who pay the fully-refundable deposit will be the first offered reservations when Virgin Galactic re-opens ticket sales later this year. Virgin Galactic raised about $430 million when it we

New Disney CEO Bob Chapek told CNBC on Tuesday he will continue to steer the company down the path laid by its former leader, Bob Iger. Iger stepped down as Disney CEO on Tuesday, a surprise move as he had previously said he planned to retire in 2021. Iger has helped guide Disney through four major acquisitions — of Pixar Animation Studios, Marvel, Lucasfilm and 20th Century Fox — and the launch of its streaming service, Disney+. In 2005, the year Iger became CEO, Disney reported net income of $

Bob Iger announced on Tuesday that he’s stepping down as Disney’s CEO and will be succeeded by Bob Chapek, effective immediately. Chapek has experience with parks, but Disney has been pushing a narrative focused on its Disney+ streaming video service. “We’re not concerned at all about creating any confusion,” Iger told CNBC’s Julia Boorstin. Bob Chapek most recently served as chairman of Disney parks, experiences and product. “It’s certainly a privilege to have Bob still available and there for

Bob Iger is stepping down as CEO. Disney announced that Bob Chapek, the company’s head of parks, experiences and products, would be his successor. He built up the company through a series of four acquisitions that seeded its parks, consumer products and theaterical releases. In the year that Iger was named CEO, Disney’s net income was $2.5 billion. Shares of Disney are up more than 400% from $25 per share in 2005 to nearly $128 at the close on Tuesday.

The head of Disney’s parks, experiences and products is now its new CEO. Bob Chapek was tapped on Tuesday to succeed long-time Disney CEO Bob Iger. Prior to working at the parks, Chapek led Disney’s home entertainment business starting in 2009 and led the organization to record-setting performances. He then transitioned to the company’s consumer products team in 2011 as president of Disney consumer products. Before joining Disney, Chapek worked in brand management at ketchup maker H.J.

Salesforce stock initially sank 3% in extended trading on Tuesday after the company said co-CEO Keith Block is stepping down. Here’s how the company did:Earnings: 66 cents per share, adjusted, vs. 56 cents per share as expected by analysts polled by Refinitiv. 66 cents per share, adjusted, vs. 56 cents per share as expected by analysts polled by Refinitiv. Revenue: $4.85 billion, vs. $4.75 billion as expected by analysts polled by Refinitiv. Analysts polled by Refinitiv had expected 70 cents in

Bob Chapek, chairman of Walt Disney Parks and Experiences, stands for a photograph at an unveiling event of Star Wars: Galaxy’s Edge at Walt Disney Co.’s Disneyland theme park in Anaheim, California, U.S., on Wednesday, May 29, 2019. That’s why Tuesday’s announcement that Bob Chapek , chairman of Disney Parks, Experiences and Products , is taking over as CEO for Bob Iger is surprising and confusing. Mayer has been running Disney’s streaming services as the company’s chairman of direct-to-consume

Democratic presidential contenders are facing what could be their last chance to halt an ascendant Sen. Bernie Sanders during the presidential debate in South Carolina on Tuesday. Indeed, Sanders is likely to face scrutiny from a united front of Democrats. The event in Charleston, hosted by CBS News, is likely to be a rowdy affair. It comes four days before Saturday’s South Carolina primary, the last nominating contest next week’s crucial Super Tuesday contests. – Tucker Higgins

Stock futures were up in overnight trading after stocks’ worst two-day rout in more than four years amid heightened concern the coronavirus will upend global economic growth. Futures on the Dow Jones Industrial Average rose about 162 points, while the S&P 500 futures were up 0.3%. To be sure, futures trading this early may not be a signal the selling will end on Wednesday. Stocks plunged for a second day on Tuesday, with the Dow tumbling 879 points, bringing its two-day losses to nearly 1,900 po

The S&P 500 just wiped out about $1.737 trillion of its value during its two-day market sell-off, according to S&P Dow Jones Indices. The equity benchmark lost $810 billion in value on Tuesday, adding to its $927 billion loss on Monday, according to the firm’s Senior Index Analyst Howard Silverblatt. It’s down $2.138 trillion since last Wednesday’s high, according to S&P Dow Jones. The Nasdaq Composite fell 2.8% on Tuesday and joined the S&P 500 and Dow in turning negative for the year. Companie

Bob Iger will step down as Disney CEO and assume the role of executive chairman, Disney announced Tuesday. Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO, effective immediately, Disney announced. In an interview with CNBC’s Julia Boorstin after Disney’s announcement, Iger said the CEO reporting structure is a way to ensure a smooth transition. Iger will remain executive chairman of Disney through the end of 2021, according