The Biden administration will drop the Covid-19 testing requirement for inbound air travelers from abroad on Sunday, ending one of the longest-running travel restrictions of the pandemic. The rule, pu...
Tag: business news
Avoid ‘bogus’ tech companies that should’ve never gone public
CNBC’s Jim Cramer said Friday that several tech firms that went public in recent years are beginning to realize their missteps, and he warned investors to take their dollars elsewhere. “Th...
Zuora is not a buy
23andMe Holding Co: “At $2, I’m willing to buy the lottery ticket. But make no mistake about it, it is a lottery ticket.” NIO Inc: “I don’t like to buy any of these Chine...
Union announces daytime work stoppage at congested Port of Oakland
In an aerial view, a container ship sits docked at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images A crucial port workers union is shifting a planned work st...
Big landlords jump into the homebuilding as demand for single-family rentals surges
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, ...
Beijing, Shanghai reimpose some bans
People wait in line for nucleic acid tests to detect COVID-19 at a testing site on June 9, 2022, in Beijing, China. China says it has generally controlled recent outbreaks in Beijing after hundreds of...
Golf trips to top British courses are selling out this year and next
Travelers planning a golfing vacation to prestigious courses in the United Kingdom may need to act fast. Some of the U.K.’s top venues are selling out, not just this year, but for spots — or tee...
Tech CEOs tell me they’re sick of spoiled Silicon Valley employees
CNBC’s Jim Cramer on Thursday said that he expects a “tech exodus” from California in the future, with one of the drivers being tech leaders’ dissatisfaction with their employe...
Brokers look to replace payment for order flow amid SEC crackdown
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing fi...
DocuSign, Vail Resorts, Stitch Fix and others
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and reve...
Apple’s latest fintech move has buy now, pay later industry on edge
Apple Pay Later will let users pay for things over four equal installments. Jakub Porzycki | Nurphoto | Getty Images AMSTERDAM — Apple’s move into the crowded “buy now, pay later” sp...
Six Flags is not a buy
Portillos Inc: “We’re going to have to save that one for later and lower.” Berkshire Hathaway Inc: “I’ve been recommending that stock ever since the week that [Mad Money]...
Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping
Several categories of e-commerce are seeing price decreases and support the expectation that digital shopping among consumers will hold strong, Adobe chief executive Shantanu Narayen told CNBC’s...
Travel industry calls on White House to end Covid-19 testing requirement for overseas visitors
Travel and hospitality CEOs are stepping up pressure on the Biden administration to scrap a requirement that anyone flying into the U.S. present a a negative Covid-19 test before departure, saying the...
It’s not Apple or Tesla, but Inrix has data from 500 million vehicles
Cars and trucks move along the Cross Bronx Expressway, a notorious stretch of highway in New York City that is often choked with traffic and contributes to pollution and poor air quality on November 1...
GM, Lockheed take lunar rover project to the commercial space market
MILFORD, Mich. — General Motors and Lockheed Martin said Thursday they plan to produce an array of moon-roving vehicles for commercial space missions and services powered by the automaker’s elec...
Stitch Fix shares sink after company announces layoffs, offers weak guidance
Stitch Fix said Thursday that it is laying off 15% of salaried positions within its workforce, mostly in corporate roles and styling leadership positions, in a bid to trim expenses amid red hot inflat...
Disney fires TV content chief Peter Rice as board backs CEO Bob Chapek
LOS ANGELES — Disney has abruptly fired Peter Rice, its most senior television content executive, multiple sources told CNBC on Thursday, while the company’s board expressed support for CEO Bob ...
Southwest Airlines customer service goes fully remote, reservations centers close
A traveler walks past a Southwest Airlines airplane as it taxies from a gate at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland. Kevin Dietsch |...
Critics call blockbuster ‘worst’ in franchise
Still from Universal Studio’s “Jurassic World: Dominion” NBCUniversal “Jurassic World: Dominion” may score to top spot at the domestic box office this weekend, but lacklu...
PGA Tour suspends Phil Mickelson, others for involvement in Saudi-backed LIV event
The PGA Tour has suspended 17 golfers, including major championship winners Phil Mickelson and Dustin Johnson, who are competing Thursday in the Saudi-backed LIV Golf event near London. The suspension...
Dinosaurs face off against Tom Cruise
Tom Cruise attends the UK premiere and Royal Film Performance of ‘Top Gun: Maverick’ in Leicester Square on May 19, 2022 in London, England (L) and still of Jurassic World: Dominon (R) Get...
Why Franchise Group wants to buy Kohl’s and what could happen next
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home fur...
Nio Q1 2022 earnings reveal wider loss
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ag...
Fanatics strikes deal with colleges, student athletes to launch Topps cards
Fanatics display at the All-Star Players House Presented by MLBPA located at the Corner Alley Bar & Grill on July 07, 2019 in Cleveland, Ohio. Duane Prokop | Getty Images Topps is launching a line...
FDA decision on Novavax’s Covid shots could be delayed
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Kat...
This SPAC is merging with an already-public company as sponsors get creative before time runs out
Traders on the floor of the NYSE, June 8, 2022. Source: NYSE SPACs are known to be a roundabout investment vehicle to take private companies public. Not this one. Bull Horn Holdings is merging with bi...
Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin ...