Stocks rose Thursday, putting Wall Street on track to break a long string of weekly declines. The Dow rose for the fifth trading day in a row, adding 516.91 points, or 1.6%, to close at 32,637.19. The...
Tag: business news
Biden moves to protect major Alaska watershed from mining
Humpaback whale in Bristol Bay, Alaska Enrique Aguirre Aves | Photodisc | Getty Images The Biden administration on Wednesday moved to ban the disposal of mining waste in Alaska’s Bristol Bay wat...
Twitter, Macy’s, Nvidia, Lululemon and more
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check ...
Boeing lands Starliner capsule, completing a crucial test flight
Boeing’s Starliner capsule lands in White Sands, New Mexico on May 25, 2022 to complete the OFT-2 mission. NASA TV Boeing landed its uncrewed Starliner spacecraft in the New Mexico desert on Wed...
Macy’s, Twitter, Medtronic and more
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and ...
Rival fintechs Revolut and Wise are still recruiting
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Not all fintech unicorns are cutting jobs. After Klarna announced plans to lay off 10% of its w...
Fed minutes: May 2022 – Monetary policy may move into restrictive territory
Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, minutes from their me...
Kohl’s stock surges on report bidders are still competing for company
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 shares surged more than 15% Wednes...
Maverick’ could be Tom Cruise’s first $100 million opening weekend
Tom Cruise in “Top Gun: Maverick” Source: Paramount This weekend Tom Cruise has a chance to do something he’s never done before — open a film to more than $100 million at the domesti...
SpaceX’s Starlink surpasses 400,000 subscribers globally
A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX Elon Musk’s SpaceX told federal regulators in a presentation last week that its Starlink satellite internet s...
House grills FDA commissioner, Abbott executive on baby formula shortage
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] The head of the Food and Drug Administration and executives from the infant formul...
Terra backers vote to revive luna cryptocurrency, abandon UST
The UST stablecoin plunged below its intended $1 peg in May, causing panic in the crypto market. Gabby Jones | Bloomberg | Getty Images Backers of Terra have approved a plan to revive the failed crypt...
NRO announces satellite imagery contracts to Maxar, Planet, BlackSky
Maxar collected new satellite imagery of the southern Ukrainian port city of Berdyansk that reveals a Russian Alligator-class landing ship that is burned and partially submerged near one of the ports ...
Large employers wrestle with abortion benefits question
Kim Nguyen felt a sense of pride last fall when her bosses at Alloy committed to pay travel expenses for workers in Texas if they needed to access abortion services, after the state passed new restric...
Wouldn’t worry about monkeypox, cuts drug costs for low-income
Albert Bourla, Pfizer CEO, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galici | CNBC Pfizer‘s CEO said Wednesday that he “wouldn’t worry much” about a recent monke...
Dick’s Sporting, Express, Wendy’s and more
Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expec...
Dick’s Sporting Goods (DKS) Q1 2022 earnings top estimates, outlook cut
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Wednesday reported results for its fiscal first qu...
Andreessen Horowitz raises $4.5 billion crypto fund in down market
Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Andreessen Horowitz plans to ...
British government approves Boehly’s £4.25 billion Chelsea takeover
Todd Boehly pictured after the Premier League match between Chelsea and Watford at Stamford Bridge, London on Sunday 22nd May 2022. On 25th May, the U.K. government approved the £4.25bn Boehly-led con...
Steve Kerr condemns senators for inaction on guns
A visibly angry and shaken Steve Kerr on Tuesday evening condemned senators, particularly Republican leader Mitch McConnell, for failing to act on gun legislation, hours after a gunman killed 18 child...
Wendy’s shares surge as Trian, its largest shareholder, explores potential deal
A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of Wendy’s surged roughly 15% in extended trading Tuesday after a filing rev...
FTC launches investigation into infant formula shortage
A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that ...
Stock futures rise following Tuesday’s losses in the Nasdaq
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing grow...
Stellantis CEO warns of EV battery shortage, lack of raw materials
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Stellantis CEO Carlos Tavares said he expects shortages of the...
Recession won’t strike stocks despite ugly market
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes ...
Nordstrom (JWN) reports Q1 2022 losses
Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s ...
Saudi fund in early talks to potentially buy Carnival’s ultra-luxury Seabourn brand
An aerial view of Seabourn Encore cruise ship docked at Bodrum Cruise Port on April 27, 2022, in Mugla, Turkey. Ali Balli | Anadolu Agency | Getty Images Carnival is in preliminary discussions to sell...