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Tag: business news
Biden announces standards for electric vehicle charging stations
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasolin...
Climate change will force some UK communities to move, official says
Houses on the east coast of England, photographed in 2020. On Tuesday, the chief executive of the U.K.’s Environment Agency said climate change meant some coastal communities would have to move....
U.S. House votes to raise age to buy an assault rifle to 21
The House on Wednesday passed a sweeping gun bill that would raise the minimum age to purchase an assault rifle in the U.S. from 18 to 21, even though the legislation doesn’t stand much of a cha...
Goldman Sachs CEO David Solomon’s advice to summer interns: ‘Be an entrepreneur’
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Internships have begun at Goldman Sachs‘ offices in the U.S. thi...
Cramer warns investors not to bank on digitization stocks
CNBC’s Jim Cramer on Wednesday advised investors to think twice before investing in digitization stocks while the possibility of a recession looms over the market. “You can’t justify...
The market is worried that oil’s rise may cause a recession
CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels. “...
Fintechs delay IPO plans, focus on profitability amid recession fears
Investment in fintech is slowing as worries around rising inflation and the prospect of higher interest rates have dented economic sentiment. Elena Noviello | Moment | Getty Images AMSTERDAM — Financi...
Stock futures are lower after Wall Street snaps two-day win streak
Stock futures were lower in early morning trading Thursday after the major averages ended the Wednesday regular session lower and U.S. Treasury yields rose. Futures on the Dow Jones Industrial Average...
Volkswagen looks to build new EV facilities in the U.S., exec says
Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018. David Paul Morris | Bloomberg | Getty Images CHATTANOOGA, Tenn. – Volkswagen is “actively” looking to establish new assembly ...
Parents of shooting victims ask Congress for tighter gun laws
Gun control advocacy groups rally with Democratic members of Congress during of a news conference on the grounds of the U.S. Capitol on Thursday, May 26, 2022 in Washington, DC. Kent Nishimura | Los A...
U.S. to ban sale of single-use plastic on public lands, parks by 2032
Trash in the saw grass at the Big Cypress National Preserve Park. Jeff Greenberg | Universal Images Group | Getty Images The U.S. Interior Department said on Wednesday it will phase out the sale of si...
Mortgage demand falls to the lowest level in 22 years
Mortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage demand continues to drop. Total mortgage ...
Dungeons & Dragons maker Hasbro wins battle against activist investor
A Dungeons & Dragons classic dragon hand painted by Alan Cooley, 27, of Huntington Station, New York, at Main Street Game Cafe in Huntington on November 26, 2019. Newsday LLC | Newsday | Getty Ima...
Tax-loss harvesting turns losses into gains. Here’s when to skip it
When the stock market dips, a strategy known as tax-loss harvesting can be a silver lining. But it doesn’t make sense for all portfolios, financial experts say. Here’s how tax-loss harve...
Spirit Airlines shareholder meeting postponed to continue Frontier, JetBlue deal talks
A JetBlue Airlines plane takes off near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airl...
Actor Matthew McConaughey calls for gun reform in White House briefing
In an emotional speech at the White House on Tuesday, actor Matthew McConaughey called for new gun regulations in the wake of last month’s mass shooting in his hometown of Uvalde, Texas, and urg...
Shares of China EV maker BYD jump after exec announces Tesla battery deal
This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi’an plant. BYD is set to supply Tesla with batteries “very soon,”...
CDC raises monkeypox alert as global cases surpass 1,000
Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. Dado Ruvic | Reuters The U.S. Centers for Disease Control and Prevention has ...
Travelers can now go to Japan but domestic tourists remain its focus
After more than two years of closed border policies, Japan is set to welcome back international travelers this week. Come June 10, foreign tourists traveling via packaged tours can enter Japan. Howeve...
Target warns of squeezed profits from aggressive inventory plan
Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The retailer slas...
Lyft plans to build a hybrid network of autonomous and driver vehicles, co-founder says
Lyft’s vehicle fleet will remain largely commandeered by drivers even as the company continues to develop its autonomous driving capabilities, co-founder and president John Zimmer told CNBC̵...
Kohl’s shares jump after it enters exclusive sale talks with Franchise Group
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s said Monday that it has entered in...
Cramer greenlights tech stocks, says Target news suggests inflation is peaking
CNBC’s Jim Cramer on Tuesday gave investors his blessing to consider purchasing beaten-down tech stocks after Target‘s latest quarter indicated good news for the Federal Reserve‘s fi...
‘Yellowstone’ boom pits lifetime Montana residents against wealthy newcomers
“Yellowstone” has become one of the hottest shows streaming. Filmed on location in the West, much of it in Montana, the scripted drama tells the story of a modern day ranch owner John Dutt...
Elon Musk says offering is 3 or 4 years away
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk last week told SpaceX employees the com...