In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm...
Tag: business news
April’s consumer price index report expected to show inflation has already peaked
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show ...
WWE looks to boost sponsorship revenue as live events return, media deal expires
Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2...
Market is signaling to buy beaten-down, profitable tech names
CNBC’s Jim Cramer on Tuesday stressed the importance of changing market strategies when the market shifts, saying right now the market says to buy beaten-down tech growth names. “Many tech...
Stock futures dip slightly ahead of key inflation reading
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, April 28, 2022. Brendan McDermid | Reuters Stock futures dipped in overnight trading Tuesday ahead of a key inflation ...
Coinbase, Roblox, Electronic Arts and more
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Staple...
U.S. gun homicides reached highest level in 25 years during Covid pandemic, CDC says
Gun homicides in the U.S. reached their highest level in more than 25 years during the Covid-19 pandemic, according to the Centers for Disease Control and Prevention. Homicides from guns rose 35% duri...
Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
Netflix ads, password crackdown expected as early as this year, source says
Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness ...
SoFi stock falls, trading halted after fintech firm accidentally releases Q1 report
Shares of SoFi fell sharply on Tuesday and were halted for nearly three hours after the company accidentally released its first-quarter results early. The company said the report, which was scheduled ...
Here’s why a Roth IRA conversion may pay off in a down market
Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on...
Peloton, Upstart, Vroom and more
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the ...
Tom Brady agrees to join Fox Sports as NFL analyst when career ends
Tom Brady of the Tampa Bay Buccaneers waves to fans at Raymond James Stadium in Tampa, Florida, on Sept. 9, 2021. Julio Aguilar | Getty Images Tampa Bay Buccaneers quarterback Tom Brady has agreed to ...
Man City confirm deal to sign Borussia Dortmund striker
Haaland has scored 85 goals in 88 matches for Dortmund since joining from RB Salzburg in January 2020. Matthias Hangst | Getty Images Sport | Getty Images Manchester City have confirmed an agreement t...
Ken Griffin wins $8 million Bezos spaceflight auction, donating seats
Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard rocket lifts off (R) Reuters Ken Griffin, billionaire founder and CEO of hedge fund Citadel, placed the winning $8 million bid in ...
Boeing aircraft orders, deliveries slipped in April
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing‘s aircraft deliveries fell last month as handovers of its 787 Dreamliner planes r...
Upstart shares plummet 60% after company cuts full-year revenue forecast
In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial in...
Emirates CEO defends continued Russia flights, says no ban from UAE
Emirates Airline has defended its decision to continue its flights to Russia even as other international carriers have halted service, saying that people and government decisions should not be conflat...
Visa crypto executive leaves for Softbank-backed start-up DriveWealth
Terry Angelos, Visa’s global head of fintech and crypto. DriveWealth One of Visa‘s top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned. Terry...
How Nike, StockX and GOAT changed Foot Locker’s business
Foot Locker dominates the brick-and-mortar footwear category as the largest footwear retailer in the world. Its 2,900 stores worldwide span several brands, including Lady Foot Locker, Kids Foot Locker...
Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg
Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its i...
Oklahoma clinic will shut down if Supreme Court ends Roe v. Wade
A surgical tech and recovery room staff member, walk a patient from Texas to the recovery room following her abortion at the Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Evelyn Hockste...
Peloton, Novavax, Vroom and more
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton shares plunged 25.8% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly l...
Virgin Orbit assembling fleet of 747 jets to launch more rockets
The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit is assembling a fle...
US businesses in China cut revenue forecasts, investment plans
Truck drivers, such as the one pictured here in Shanghai in late April, typically need to show valid negative virus tests in order to move goods between cities in China. The American Chamber of Commer...
National average for gasoline hits record $4.37 a gallon
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest l...
Peloton (PTON) fiscal Q3 2021 earnings
A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wi...
Andy Warhol’s ‘Marilyn’ sells for $195 million, sets American record
A woman takes a photo of Andy Warhol’s ‘Shot Sage Blue Marilyn’ during Christie’s 20th and 21st Century Art press preview at Christie’s New York on April 29, 2022 in New ...
Inside the $23.5 million house that may break local California record
The ocean views from the most expensive mansion to ever sell in Encinitas, CA. Rancho Photos A $23.5 million modern mansion overlooking the Pacific Ocean in Southern California is set to officially hi...
Papa John’s delivery driver staffing levels are getting ‘progressively better,’ CEO says
Papa John’s is seeing improvement in staffing levels for delivery drivers, CEO Rob Lynch told CNBC’s Jim Cramer on Monday. “April was a challenging month, but our staffing situation ...
Use market downturn to upgrade your portfolio, Jim Cramer says
CNBC’s Jim Cramer on Monday said that investors willing to brave the current market should switch out their non-profitable holdings for stocks that have cheap valuations and better-than-average ...