CNBC’s Jim Cramer on Monday said investors should be in stable, boring stocks to keep their portfolios strong as concerns over inflation roil the market. “If you took your cue from me and ...
Tag: business news
American Airlines regional carriers hike pilot pay as shortage persists
American Airlines Embraer ERJ-145 regional jet aircraft as seen on final approach landing at New York JFK international airport in NY, on February 13, 2020. Nicolas Economou | Nurphoto | Getty Images ...
GM’s stock closes below IPO price for first time since October 2020
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 ...
Astra’s stock drops after rocket failed to deliver NASA mission to orbit
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Shares of rocket-builder Astra fell sharply in trading on Monday ...
Stock futures rise after the S&P 500 closes in an official bear market
U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Averag...
Prologis, major Amazon warehouse landlord, to buy Duke Realty for $26 billion
Signage outside a Prologis warehouse occupied by Kuehne + Nagel in Redlands, California, U.S., on Sunday, Nov. 7, 2021. Fallout from the global supply-chain crisis is clogging U.S. ports, pushing ware...
FAA SpaceX Starship environmental review clears Texas program to move forward
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX The Federal Aviation Administration on Monday said it will require Elon Musk’s SpaceX ...
Latest Shanghai quarantines add more pressure to global supply chain
Staff members of China Post unload parcels of daily necessities for residents quarantined at home from a minivan on May 14, 2022 in Shanghai, China. Tian Yuhao | China News Service | Getty Images The ...
CEOs of GM, Ford and others urge Congress to lift EV tax credit cap
The all-electric Chevrolet Silverado at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – The CEOs of General Motors, Ford Motor, Chrysler parent Stellantis and Toyota Motor North Am...
EV start-up Electric Last Mile Solutions to declare bankruptcy
The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s...
Jan. 6 Capitol riot committee members are tightlipped on what to expect in this week’s hearings
Members of the Committee attend the public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington, U.S., June 9, 202...
Dominion’ opening weekend box office
DeWanda Wise and Laura Dern star in Universal’s “Jurassic World: Dominion.” Universa “Jurassic World: Dominion” roared to the top of the domestic box office over the week...
Walmart strategy to launch apparel, home brands is being put to the test
Scoop is one of Walmart’s exclusive fashion brands. It has also struck deals with national brands like BCBG Paris. Melissa Repko | CNBC SPRINGDALE, Arkansas — Dressed-up mannequins. Eye-catching...
Charles Schwab will pay $187 million to settle SEC robo-advisor claims
The U.S. Securities and Exchange Commission headquarters in Washington on Feb. 23, 2022. Al Drago/Bloomberg via Getty Images Charles Schwab agreed to pay $187 million to settle an SEC investigation in...
Morgan Stanley CEO James Gorman sees 50-50 odds of recession ahead
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters The odds of a rec...
Astra Space, Amazon, Revlon, Prologis & more
Amazon is “definitely a stock to own,” according to Sid Choraria, a senior portfolio manager who previously attracted the attention of Warren Buffett. Klaus-Dietmar Gabbert | Picture Allia...
Binance pauses bitcoin withdrawals as crypto sell-off deepens
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty...
Buffett’s son donates $2.7 million to Ukraine after Zelenskyy meeting
Warren Buffett, left, and his eldest son, Howard G. Buffett Peter Kramer | NBC | Getty Images Howard Buffett, son of billionaire investor Warren Buffett, is donating millions of dollars from his found...
Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market,...
Stock futures fall after Wall Street’s worst week since January
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures fell Sunday night as Wall Street tries to recover from one...
Behind the automation boom coming to the hotel industry, from 24-hour check-in to texting for towels
Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The lab...
Bonobos founder who helped transform Walmart opens up about mental health struggles
Burn Rate: Launching a Startup and Losing Your Mind Andy Dunn’s start-up, Bonobos, was being courted for an acquisition by retail giant Walmart. It was a thrilling process, but the co-founder an...
Why QuantumScape investors are still waiting for new EV batteries
A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape&...
Simon Property CEO aims to create new sales event as inflation surges
David Simon, chairman and chief executive officer of Simon Property Group Patrick T. Fallon | Bloomberg | Getty Images David Simon, the chief executive officer of the biggest shopping mall owner in th...
Fired Fox News editor Chris Stirewalt to testify
Former U.S President Donald Trump is seen on video during the hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington...
There’s nothing stopping former ‘market darlings’ from going lower, Jim Cramer warns
CNBC’s Jim Cramer on Friday warned investors that stock of some newer companies that saw smashing success during the pandemic are continuing to come down, and this may just be the beginning. ...