Peter Parks | AFP | Getty Images Convenience store chain 7-Eleven has cut roughly 880 corporate jobs in the United States, CNBC has learned, roughly a year after it completed its $21 billion acquisiti...
Tag: business news
The wealthy now have more time to avoid estate taxes
If your family has significant wealth, it’s now easier to avoid federal estate taxes, thanks to recent changes from the IRS. The IRS improved a strategy known as “portability,” used ...
Drew Brees is now a co-owner of a professional pickleball team
Drew Brees #9 of the New Orleans Saints Gregory Shamus | Getty Images Sport | Getty Images Retired NFL superstar Drew Brees is the latest major sports figure to get in on the pickleball craze. Major L...
Polio case confirmed in New York state, health-care providers told to look for more
Polio virus, illustration. Each virus particle is composed of a protein coat around a core containing RNA genetic material. This virus infects children and causes the disease poliomyelitis or infantil...
AT&T shares fall after company says later payments, higher spending are hurting cash flow
A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. Ronald Martinez | Getty Images AT&T shares fell Thursday after the company said its cash...
President Biden tests positive for Covid-19, has mild symptoms
President Joe Biden has tested positive for Covid-19, the White House said Thursday. The 79-year-old president, who is fully vaccinated and has received two booster shots of the Pfizer-BioNTech Covid ...
Chipotle announces investments in startups focusing on kitchen automation, plant-based alternatives
Hypen automated kitchen solutions. Courtesy: Hyphen Chipotle said Thursday it’s investing in two companies that have the potential to accelerate its growth − one that automates kitchen operation...
How to avoid the ‘siren song’ of a credit card sign-up bonus
Virojt Changyencham | Moment | Getty Images Nearly half of consumers holding a credit card with travel perks opened the card to chase the rewards — and a big share of them blew their budgets in the pu...
Amazon is starting to deliver packages with Rivian electric vans
Amazon said Thursday it will begin to start using electric vans developed in partnership with Rivian to make deliveries. Amazon Amazon is beginning to roll out some of the electric delivery vans that ...
American Airlines (AAL) 2Q 22 earnings
American Airlines posted its first quarterly profit since the Covid pandemic started without government aid but joined competitors in scaling back growth plans after a host of disruptions this year. T...
S&P 500 retreats from 6-week high on weak earnings, recession concerns
The S&P 500 fell Thursday, retreating from a six-week high, after a weak batch of corporate earnings and economic data revived fears of a recession on Wall Street. The Dow Jones Industrial Average...
Airbnb co-founder Joe Gebbia is stepping down to explore other projects
Joe Gebbia, co-founder of Airbnb and chairman of Airbnb.org, during South By Southwest (SXSW) festival in Austin, Texas, U.S., on Sunday, March 13, 2022. Matthew Busch | Bloomberg | Getty Images Airbn...
Crypto firm Blockchain.com lays off 25% of staff as 3AC fallout spreads
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images Crypto startup Blockchain.com sa...
Ford says it has battery supplies needed for ambitious EV goals
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday t...
Watch Christine Lagarde speak after the ECB surprises markets with larger rate hike
[The stream is slated to start at 08:45 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after...
Domino’s Pizza (DPZ) Q2 2022 earnings
An employee places a cooked pizza into a delivery box inside a Domino’s Pizza Group Plc store. Jason Alden | Bloomberg | Getty Images Domino’s Pizza on Thursday reported mixed quarterly re...
Goldman-backed digital bank Starling reports first annual profit
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. T...
AT&T, DR Horton, Travelers and more
Check out the companies making headlines before the bell: AT&T (T) – AT&T fell 1.8% in the premarket, despite beating estimates on both the top and bottom lines for the second quarter, as it l...
Jobless claims rise again in another sign that labor market is cooling
A man walks past a “Now Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Initial jobless claims hit their highest level since mid-November last week, the la...
Baidu’s robotaxi can drive without a steering wheel, car price slashed
Baidu unveiled on July 21, 2022, the sixth generation of its self-driving electric car built for ride-hailing rides — at a cost nearly 50% below that of a model announced last year. Baidu BEIJING — Ch...
Airlines criticized for betting on alternative fuels
One of the ways that the sector is seeking to replace conventional fossil jet fuel is by exploring the use of sustainable aviation fuels, or SAF. Justin Tallis | Afp | Getty Images FARNBOROUGH, Englan...
Biden says he expects to speak with China’s Xi in 10 days
U.S. President Joe Biden spoke with media on July 20, 2022, after disembarking Air Force One at Joint Base Andrews in Maryland. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Joe Bid...
How to save money on travel? Five tips for cheaper flights and hotels
1. Finding cheaper flights Those who are strategic about saving spend 23% less on flights than those who aren’t, according to a survey of budget travelers by the booking site VacationRenter. To...
Toyota plans to develop light duty hydrogen fuel-cell trucks
A Toyota Mirai hydrogen fuel cell vehicle photographed in Berlin, Germany, in August 2021. The Japanese automotive giant started working on the development of fuel-cell vehicles back in 1992. Krisztia...
U.S. Open says it will respect Covid rules; Djokovic unlikely to play
Novak Djokovic during the Men’s Singles Final match on day fourteen of The Championships Wimbledon 2022 in London, England on July 10, 2022 in London, England. Novak Djokovic’s hopes of pl...
I like Chubb over American International Group
Canopy Growth Corp: “Canopy will be great once we [nationally legalize] cannabis. I don’t know if it’s going to happen in my lifetime, that’s the problem.” Starwood Prope...
Invest in companies that ‘think twice’ about hiring during a Fed-mandated slowdown, Jim Cramer says
CNBC’s Jim Cramer on Wednesday advised investors to buy stock of companies that are adjusting their hiring efforts to fit the economic environment. “If you want to invest with profligate c...
Stop panicking about inflation, BlackRock CEO tells investors — ‘We’re going to get through this’
The economic headwinds currently roiling the U.S. economy are fixable in the long-run, meaning investors can afford to relax a bit, BlackRock CEO Larry Fink told CNBC’s Jim Cramer on Wednesday. ...