Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Ind...
Tag: business news
Here are the China trends investors bet money on so far in 2022
A factory in Suqian, Jiangsu province, China, on May 9, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — By the numbers, manufacturing companies in China snagged the most investmen...
Biden Interior Dept offers option for new oil leases in Gulf of Mexico
An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration rel...
Walmart to respond to Roe v Wade abortion decision, CEO says
Walmart CEO Doug McMillon speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Walmart CEO Doug McMillon told employees on Friday that the company is weighing how to r...
Fourth of July travel surge puts airlines — and passengers — to the test
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Fourth of July holiday weekend will put airlines to the test after a messy spring angered travelers and drew shar...
FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it...
Self-driving cars from GM’s Cruise block San Francisco streets
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images Automotive and tech executives long promised autonomous vehicles would drive be...
Kohl’s ends sale talks with Franchise Group, lowers outlook
Kohl’s announced Friday that it is terminating talks to sell its business, saying that the retail environment has significantly deteriorated since the beginning of its bidding process. The Kohl&...
General Motors (GM) Q2 2022 US sales
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15%...
Kohl’s real estate sale on the table after deal talks fall apart
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now ...
Panera Bread terminates SPAC deal with Danny Meyer’s investment group
Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Jeff Greenberg | Universal Images Group | Getty Images Danny Meyer’s SPAC and Panera Bread have called off a deal ...
GM expects Q2 net income of between $1.6 billion and $1.9 billion
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images ...
UK-based startup Tevva launches hydrogen-electric truck
U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck...
NIO XPEV LI report strong deliveries for June as Covid wanes
Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 veh...
S&P 500 had worst half in 50 years, but the 60/40 portfolio isn’t dead
Stock trader on the floor of the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images The S&P 500 Index, a barometer of U.S. stocks, just had its worst first half of the year ...
Cramer’s lightning round: I like Cadre Holdings
Cadre Holdings Inc: “It’s a company that makes things, does stuff, sells at a profit, gives you money back. … I’m going to say it’s good. I like it.” Digital Turbin...
EU agrees to deal on landmark MiCA cryptocurrency regulation
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what i...
Disaster-relief ETF launches in time for hurricane season
The Atlantic hurricane season is in full swing, and a new exchange-traded fund that focuses on disaster recovery has launched just in time for it. The first-of-its-kind Procure Disaster Recovery Strat...
Stock futures slip after the S&P 500’s worst first half since 1970
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022. Brendan Mcdermid | Reuters U.S. stock futures fell Thursday night after the S&P 500 closed o...
Jim Cramer says investors can hide in these three recession-proof packaged food stocks
CNBC’s Jim Cramer on Thursday gave investors three options for packaged food stocks they can seek refuge in, as the stock market continues to seesaw. “With commodity costs coming down big,...
Fed’s inflation battle is nearly done with collapse in crypto
CNBC’s Jim Cramer on Thursday said that the rapid slide in the cryptocurrency market shows that the Federal Reserve is making progress in its arduous struggle to tamp down inflation. “Ther...
American Airlines offers pilots nearly 17% raises in new contract proposal
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines CEO Robert Isom on Thursday said the carrier has offered its pilots pay raises totaling ne...
FCC approves SpaceX Starlink service to vehicles, boats, planes
The Starlink logo is seen in the background of a silhouetted woman holding a mobile phone. Sopa Images | Lightrocket | Getty Images The Federal Communications Commission authorized SpaceX to provide S...
Ex-Apple exec Ron Johnson’s Enjoy Technology files for bankruptcy
Ron Johnson during a panel discussion at the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Enjoy Technology, a retail startup founded by former Apple and J.C. Penney exec Ron Joh...
Tax bill for Vermont winner of Powerball $366.7 million jackpot
If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three wee...
FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale
Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021....