The newest electric vehicle from Hyundai Motor is a sedan with a unique bubbly design. The South Korean automaker unveiled the Ioniq 6 Wednesday night as an “electrified streamliner,” a no...
Tag: business news
The Fed is winning against inflation despite red-hot June CPI number, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that while consumer prices rose sharper in June than Wall Street expected, the Federal Reserve is close to beating inflation. “I think we have a real sh...
Charts suggest the euro could see a ‘swift rally’ and lift the market with it, says Jim Cramer
CNBC’s Jim Cramer on Wednesday said that the euro could rise in value in the near future, relying on analysis from DeCarley Trading technician Carley Garner. “The charts, as interpreted by...
United Airlines, pilots’ union to renegotiate contract after last deal faced opposition
United Airlines and its pilots’ union are going back to the negotiating table for a new contract, a setback for the carrier after it was the first to reach a tentative agreement since the pandem...
Clothes are expensive even as retailers try to clear inventory
A customer shops for shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has racked up in many retailers’ warehouses and ...
Netflix partners with Microsoft on ad-supported subscription plan
Netflix has named Microsoft as its partner for its ad-supported service, the companies announced Wednesday. “Microsoft has the proven ability to support all our needs as we together build a new ...
Casino CEOs say the industry isn’t yet seeing signs of recession, but is prepared for a pullback
Evan Savar and Nabu Reyes, both of Nevada, play blackjack with dealer Leah Prerost at the Red Rock Resort after the property opened for the first time since being closed on March 17 because of the cor...
Peloton competitor Tonal cuts 35% of jobs ahead of possible recession, IPO
Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon‘s Alexa fund as backers, is cutting 35% of its workforce...
Stock futures slip after Wednesday’s session as Wall Street awaits bank earnings
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Stock futures slipped Wednesday night as traders look ahead to earnings fr...
Twitter, Unity Software, Delta Air Lines and more
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies ...
Inflation at highest since 1981. How does your personal rate compare?
Grocery shopping in Rosemead, California on April 21, 2022. Frederic J. Brown | Afp | Getty Images Inflation jumped to a new 40-year high in June, the U.S. Bureau of Labor Statistics reported Wednesda...
Delta Air Lines (DAL) earnings Q2 2022
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines on Wednesday reported a quarterly profit thanks to travelers willing to pay up to fly, more than maki...
Spirit Airlines delays Frontier deal vote again amid JetBlue bidding war
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines ha...
Polestar confirms it’s on track to meet 2022 deliveries guidance
Attendees view a Polestar 2 electric vehicle (EV) during the Electrify Expo in Irvine, California, U.S., on Saturday, Sept. 18, 2021. Jill Connelly | Bloomberg | Getty Images Swedish electric vehicle ...
Nike is making a strategic shift in how it makes NCAA fan apparel
A Nike logo shown on a Baylor University long sleeve shirt. Nike, which has apparel and equipment deals with many college sports programs, is entering into a deal with Fanatics for college fan apparel...
Shares of Tianqi Lithium slump around 10% in HK debut
Shares of Tianqi Lithium fell as much as 10% in their Hong Kong market debut Wednesday before closing flat. The stock fell as much as 11%, hitting a low of 72.65 Hong Kong dollars ($9.25). It later re...
Delta Air Lines, Twitter, Snap and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares slid 2.9% in the premarket after reporting a mixed quarter. The airline earned an adjusted $1.44 per shar...
Tech can’t remove all financial risks, crypto regulation needed: BOE
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governo...
Chinese companies look to U.S. and Asia as growth slows at home
BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia. Take Miniso, a Guangdong-based seller of toys and household products. Sometimes cal...
Stock futures are flat with all eyes on June’s inflation report
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Stock futures were little changed in overnight trading on Tuesday as investors awaited a key inflation report that is expected to show a f...
Black Rifle Coffee names former Wendy’s CEO as executive chair
Black Rifle Coffee Company Courtesy: Black Rifle Coffee Company Black Rifle Coffee, a veteran-founded beverage company that went public earlier this year, said Tuesday that it has named former Office ...
U.S. emissions caused $1.8 trillion in global economic losses: study
An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on March 8, 2022. Tayfun Coskun | Anadolu Agency | Getty Images The U.S. and China, the world’s two greate...
Here are four past cases Twitter and Elon Musk’s lawyers will be examining as they head to court
SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space...
Hospitalizations have doubled since May as omicron BA.5 sweeps U.S.
Medical staff treat coronavirus disease (COVID-19) patient Frank Clark in his room on an isolated medical unit floor at Western Reserve Hospital in Cuyahoga Falls, Ohio, January 5, 2022. Shannon Stapl...
Nominations led by ‘Succession,’ ‘Ted Lasso’
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Can the Roy family win yet another high-stakes competition with brut...
Gap, Peloton, Boeing, American Airlines, Twitter and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap — Shares of the apparel retailer dropped more than 3% after Gap announced Mon...
The toughest challenges for cryptocurrency lie ahead
More than a third of millennials and half of Generation Z would be happy to receive 50% of their salary in cryptocurrencies, revealed a study. Srdjanpav | E+ | Getty Images With more than $1 trillion ...
ServiceNow sinks after CEO warns global tech firms won’t be able to outrun strong dollar
The strong U.S. dollar is a drag against technology brands in an environment already battered by fierce macro headwinds, ServiceNow CEO Bill McDermott told CNBC’s Jim Cramer. “You’re...
WHO to decide if monkeypox is a global health threat next week
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Fu...