Talk of a potential listing for Burjeel Holdings comes as the Emirates benefits from a Middle East IPO boom, with Abu Dhabi and Dubai taking several government entities public this year. Bloomberg | B...
Tag: business news
Adidas boss says LIV Golf a ‘normal evolution,’ wants to focus on player partnerships
Phil Mickelson of the U.S. during the inaugural LIV Golf Invitational at the Centurion Club, Hemel Hempstead, St Albans, Britain, June 8, 2022 Paul Childs | Action Images via Reuters Adidas CEO Kasper...
Indian rupee weakness, hitting fresh lows amid global headwinds
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
Canoo is not a buy
MannKind Corp: “No one ever likes me to say anything bad about Mannkind. … What happens if it’s not a good company? Does that matter at all? To me it does, therefore I say, sell, sel...
Charts suggest now is the perfect time to buy gold, Jim Cramer says
CNBC’s Jim Cramer on Wednesday told investors that gold is poised to rally, making now an optimal time for investors to pounce. “The charts, as interpreted by the legendary Larry Williams,...
Jim Cramer says Congress’s spending bills could worsen inflation, but he’s remaining bullish
CNBC’s Jim Cramer on Wednesday said that Congress’s two behemoth spending bills have him worried about inflation’s trajectory. “I’m still a bull — I’ve felt bullish...
Fisker (FSR) Q2 2022 earnings
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Be...
Lucid, Booking Holdings, MGM, eBay and more
A worker assembles the Lucid Air prototype electric vehicle, manufactured by Lucid Motors Inc., at the company’s headquarters in Newark, California, on Monday, Aug. 3, 2020. David Paul Morris | ...
Lucid (LCID) Q2 2022 earnings and production forecast
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capi...
Paul Britton, CEO of $9.5 billion derivatives firm, says the market hasn’t seen the worst of it
(Click here to subscribe to the Delivering Alpha newsletter.) The market has seen tremendous price swings this year – whether it comes to equities, fixed income, currencies, or commodities — but...
Embryos can count as dependents on 2022 state tax returns in Georgia
Anti-abortion activists demonstrate outside the Supreme Court of the United States in Washington, June 13, 2022. Evelyn Hockstein | Reuters Residents of Georgia may now claim embryos as dependents on ...
Transportation Department proposes stricter rules for airline refunds after complaints surge
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Transportation Department on Wednesday proposed stricter rules on when airlines would have to compensate passenge...
Mickelson, LIV golfers sue PGA Tour over suspensions
Team Hy Flyers Phil Mickelson of the U.S. speaks to the media after the first round of the inaugural LIV Golf Invitational, June 9, 2022. Paul Childs | Action Images via Reuters Eleven professional go...
Bethenny Frankel on why good ideas are not enough to be successful
“I truthfully didn’t even know the word entrepreneur. I was in my late thirties, and I didn’t know the word ‘brand,’ I didn’t know the word ‘entrepreneur,'...
These charts show why we may not be in a recession
If the U.S. economy is in recession, someone forgot to tell the jobs market. The employment picture over the past six months is behaving nothing like an economy in a downturn, instead creating jobs at...
SPAC market hits a wall as issuance dries up and valuation bubble bursts
Traders on the floor of the NYSE, August 1, 2022. Source: NYSE The SPAC boom is officially a thing of the past. Not a single special purpose acquisition company was issued in July as the market slowdo...
3 takeaways from the Investing Club’s ‘Morning Meeting’ on Wednesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Oil is all about Russia ...
Gilead Sciences, CVS, Electronic Arts and more
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companie...
Main Street confidence hits all-time low on belief recession is here
Fg Trade | E+ | Getty Images Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft la...
Shipping firm Maersk warns of weak demand and warehouses filling up
A.P. Moller-Maersk, is one of the world’s biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia | UIG via Getty Images AP Moller-...
How to save on back-to-school supplies amid inflation
For parents already stretching budgets to pay for groceries and gasoline, stocking up on school supplies will be a little harder this year. “Back-to-school shopping is stressful even in the best...
Ford reports big jump in July sales, including for trucks and EVs
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, as the ...
Comcast and Charter may need new focus as broadband growth stalls
Brian Roberts, CEO of Comcast (L), and Tom Rutledge, chief executive officer of Charter Communications Drew Angerer | Getty Images Comcast and Charter, the two largest U.S. cable companies, have a bro...
Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank officia...
Moderna (MRNA) Q2 2022
Illustration of a vial of Moderna vaccine for coronavirus treatment. Marcos Del Mazo | Lightrocket | Getty Images Moderna on Wednesday reported second quarter results that beat earnings and revenue ex...
The $300 billion meme stock that makes GameStop look like child’s play
The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Think the meme stock mania is so 2021? Just take...
CVS, Under Armour, Moderna and more
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator and pharmacy benefits manager saw its shares rise 3.8% in the premarket after beating top- and bott...
Credit Suisse hit with stock and credit downgrades after earnings plunge
Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse shares slipped on Wednesday after Goldman Sa...