Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. American Express — Shares of the payment firm dipped 1.1% des...
Tag: business news
Why yachts and assets of Russian billionaire oligarchs are targets of U.S.
From chasing down yachts to seizing Italian villas, the global effort to punish Russian oligarchs for their financial ties to Vladimir Putin’s invasion of Ukraine has been unprecedented. For its...
Carlos Ghosn says he expects fair trial in France following arrest warrant
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fa...
74% of people don’t think they will ever achieve high-net-worth status
cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people —...
Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty Images If you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according to the IRS. While it’s too late to reques...
Predictions from Wall Street, Goldman Sachs, Citi, SocGen
As French voters head to the polls Sunday, Wall Street is forecasting market upset if far-right candidate Marine Le Pen proves victorious. Timothy A. Clary | Afp | Getty Images French voters head to t...
Stripe launches crypto payments feature, with Twitter as first client
Illustrative image of two commemorative bitcoins with a green background. Artur Widak | Nurphoto | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twit...
American Eagle pitches internal supply chain platform to retail rivals
Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in...
American Express, Verizon, Kimberly-Clark and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rose 1.2% in the premarket after reporting better-than-expected profit and revenue for the first qua...
Singapore moves closer to pre Covid living, lifts most pandemic measures
Singapore is set to ease most Covid measures from April 26, authorities said. Lauryn Ishak | Bloomberg | Getty Images SINGAPORE — Singapore is set to remove nearly all virus safety measures from Tuesd...
Sanctions could hurt Russia’s multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country...
UK digital banks need to improve financial crime controls, FCA warns
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms...
Taiwan’s ‘biggest offshore wind farm’ generates its first power
An offshore wind turbine in waters off Taiwan. Taiwan’s Ministry of Economic Affairs says it’s targeting 20% renewable energy generation by the middle of this decade. Billy H.C. Kwok | Blo...
Workers in Shanghai struggle to get back to work
Tesla’s Shanghai factory was “back up and running” as of Wednesday, according to CEO Elon Musk’s comments during a quarterly earnings call, per a StreetAccount transcript. This...
Cramer’s lightning round: Don’t sell Marvell Technology
OptimizeRx Corp: “There’s not enough there at that company. … Can’t go there.” SoFi Technologies Inc: “Here’s the problem. This thing was built as a way to be...
Kevin Costner explains his road trip travel app HearHere
Kevin Costner knows a good story when he hears one. That’s why he said he was intrigued when he heard about an app designed to alert travelers of notable, yet often unnoticed, places of interest...
Jim Cramer says investors should avoid Carvana after the company’s disappointing quarter
CNBC’s Jim Cramer warned investors against buying stock of Carvana after the company reported worrisome quarterly results on Wednesday. “There is zero tolerance for unprofitable companies ...
SpaceX signs Starlink inflight Wi-Fi deal with charter carrier JSX
SpaceX signed its first deal to add Starlink satellite internet to an air carrier’s fleet of planes with semi-private charter company JSX, as Elon Musk’s firm moves into the in-flight Wi-F...
Be ready to snatch up these 8 software stocks when they bottom, Jim Cramer says
CNBC’s Jim Cramer on Thursday gave investors a list of eight software stocks to keep on their shopping lists for the future. “I’m adamant that it’s still way early to buy some ...
12 U.S. manufacturers investors should keep an eye on
CNBC’s Jim Cramer on Thursday named 12 American manufacturers investors should keep an eye on to take advantage of what he calls the country’s “industrial renaissance.” “...
Stock futures flat as S&P 500 attempts to avoid another losing week
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Stock futures were flat in overnight trading Thursday as the S&P 500 tried t...
Stocks making the biggest moves after hours: Snap, Gap and more
People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines after the ...
Old Navy CEO to exit as parent company Gap cuts sales guidance
An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. announced Thursday that the CEO of its Old Navy division, ...
Goldman to test consumer checking account with its U.S. staff
Stephanie Cohen, currently Goldman Sachs’ global co-head of consumer and wealth management, speaking at the 2018 New York Times Dealbook conference in New York City. Michael Cohen | Getty Images...
Powell says taming inflation ‘absolutely essential,’ and a 50-basis-point hike possible for May
Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month. “I...
Florida set to dissolve Disney’s Reedy Creek special district
Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images Florida Gov. Ron DeSantis has his guns pointed at Disney World. On Thursday, the Florida state legislature pass...
United Airlines, AT&T, Tesla and more
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | B...
CNN+ will shut down April 30, just one month after launch
A Jeep Wrangler Rubicon sits on an outdoor track during the press preview of the International Auto Show at the Jacob Javits Convention Center in New York City on April 13, 2022. Timothy A. Clary | AF...
Biden announces massive new aid package for Ukraine
[The stream is slated to start at 9:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden will announce a new military aid package to Ukraine, which i...