Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. Dado Ruvic | Reuters The Biden administration has distributed 1,200 monkeypox...
Tag: business news
Spirit Airlines, Didi Global and more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit jumped 6.1% in the premarket after JetBlue (JBLU) sweetened its bid for Spirit. JetBlue will increase its br...
China tries to shake off the worst of the pandemic
A handful of tourists visit the normally packed Yuyuan Garden during the Dragon Boat Festival holiday on June 4, 2022, in Shanghai, where authorities are allowing a return to normal life and business ...
Stock futures rise slightly after a losing week on Wall Street
Traders on the floor of the NYSE, June 3, 2022. Source: NYSE Stock futures edged up in overnight trading Sunday after a losing week as investors continued to bet that the Federal Reserve will tighten ...
Morgan Stanley’s Pick says a paradigm shift has begun in markets. What to expect
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate d...
Fed’s Mester says half-point rate hikes are needed to fight inflation
Cleveland Federal Reserve President Loretta Mester said Friday that she doesn’t see ample evidence that inflation has peaked and thus is on board with supporting a series of aggressive interest ...
U.S. monkeypox cases have more than doubled in a week to 20, CDC says
The World Health Organization has said that there is a “window” of opportunity to contain a recent monkeypox outbreak which has seen cases spread across Europe, the U.S. and Australia. Nur...
6 exceptional retail winners that Jim Cramer says are a buy
CNBC’s Jim Cramer on Friday highlighted six retail winners with standout quarters that investors should be lining up to purchase. “No one ever made a dime from panicking. If you dumped any...
Walmart welcomes back annual hometown bash, acknowledges challenge of inflation
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the”Future of Work in an Era of Automation and Artificial Intelligence”, d...
Kohl’s sale negotiations could drag on for weeks, possibly longer
The drawn-out bidding process for Kohl’s doesn’t appear to be coming to an end any time soon. It could take several weeks, if not longer, for a deal to come together, a person familiar wit...
House Republicans’ energy and climate plan pushes fossil fuels, hydro
U.S. House Minority Leader Rep. Kevin McCarthy (R-CA) speaks as House Minority Whip Rep. Steve Scalise (R-LA) and Rep. Lauren Boebert (R-CO) listen during a news conference at the U.S. Capitol May 11,...
How the U.S. Space Force plans to police outer space
Outer space is getting crowded, with both commercial endeavors and secretive military projects. And it’s going to be up to the newest United States military branch, the Space Force, to protect A...
House Democrats push for repeal of rule blocking SALT cap workaround
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Three ...
Buy now, pay later loans make it tough to get a handle on your credit
Payment history often not reported BNPL companies generally don’t report to the credit-scoring companies when consumers use these loans. That makes it a challenge for a lender to know how many l...
CEOs on gas, renewables and the energy crisis
From the Covid-19 pandemic and supply chain shocks to rising inflation and Russia’s invasion of Ukraine, governments and businesses around the world are attempting to tackle and solve major cris...
Walmart to open high-tech fulfillment centers to ship online orders faster
Walmart is building four high-tech fulfillment centers that will simplify and speed up the picking and packing of online orders. The first one will open this summer in Joliet, Illinois. Walmart Walmar...
Turning Point Therapeutics, Lululemon, RH and others
Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company’s shares more than doubled in premarket trading after agreeing to be a...
Frontier offers $250M reverse breakup fee if Spirit merger is blocked
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines&#...
Be ready to pounce on homebuilding stocks when they drop
CNBC’s Jim Cramer said Thursday that despite conventional wisdom, he believes investors should pick up shares of homebuilding stocks the next time they plummet. “I believe these stocks wil...
Lululemon (LULU) Q1 2022 earnings beat estimates
Lululemon customers so far aren’t balking at higher prices on the retailer’s leggings and sports bras, Chief Executive Officer Calvin McDonald said Thursday. The athletic apparel maker rep...
Buy when Wall Street overlooks ‘textbook bad news’
CNBC’s Jim Cramer on Thursday gave investors the go-ahead to buy shares of valuable companies that reported bad news, yet still managed to keep their stocks afloat. “The lack of new, broke...
Vaccinations for children under 5 due as early as June 21
A nurse administers a pediatric dose of the Covid-19 vaccine to a girl at a L.A. Care Health Plan vaccination clinic at Los Angeles Mission College in the Sylmar neighborhood in Los Angeles, Californi...
ESPN executive Dave Roberts pushes for more diversity
Dave Roberts Provided by ESPN Dave Roberts is a creature of habit. The ESPN executive, who has emerged as an influential force behind the scenes at the network, prefers to take business meetings at th...
Stock futures are slightly higher ahead of May’s jobs report
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Stock futures rose Thursday evening as investors focus their attention on more jobs data due out Friday morning. Futures tied to the Dow Jon...
Ford’s US sales decline narrows in May amid tight supplies
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland / CNBC Ford Motor said Thursday that its U....