Check out the companies making headlines before the bell: BioNTech (BNTX) – The drug maker’s shares jumped 5.9% in the premarket after reporting significantly better-than-expected revenue and pr...
Tag: business news
Waymo self-driving experience: Mostly peaceful and productive
PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motor...
Turkey welcomes Russian oligarch money — but it’s risky for its economy
Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Cruise Port in Marmaris district of Mugla, Turkiye on March 23, 2022. Anadolu Agency | Anadolu Agency | Getty Imag...
F1 drivers seek more input over where races held after Saudi GP
Mercedes’ Lewis Hamilton, Alpine F1’s Fernando Alonso and Esteban Ocon leave a meeting after practice ahead of the F1 Grand Prix of Saudi Arabia. Safety concerns rose after a missile attac...
FedEx CEO says the company will make ‘an enormous effort’ toward AV trucks in June
FedEx chief executive Fred Smith told CNBC’s Jim Cramer on Tuesday that the company will make big strides in its autonomous vehicle efforts this summer. “You’ll see in late June an e...
China’s wealthy moving money to Singapore amid common prosperity push
As Beijing pushes for “common prosperity” and political turmoil threatens Hong Kong, Singapore has become a safe harbor for some of the region’s wealthiest tycoons and their families...
Stock futures edge lower after Dow and S&P 500 notch a fourth straight day of gains
U.S. equities futures dipped slightly Tuesday evening after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors conti...
Yeti is an investable stock for these three reasons, Jim Cramer says
Investors should consider investing in Yeti Holdings now that the stock is much more affordable than it usually is, CNBC’s Jim Cramer said Tuesday. “When the market finds its footing after...
Jim Cramer cautions investors against false optimism after latest Russia-Ukraine peace talks
Investors should be careful not to make market decisions based on Russia–Ukraine peace talks, but should also refrain from being too pessimistic, CNBC’s Jim Cramer said Tuesday. “I want to...
Autos union chief responds to Elon Musk ‘inviting’ UAW to organize Tesla workers
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If T...
Micron, Lululemon, RH and more
The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Matthew Staver | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Micron — Shares...
Top FDA official says fully vaccinated Americans may need more Covid shots this fall
Nathan Jacobs, of Boston gets his Covid Booster shot from Sassy Yogurtian at City Hall on December 9, 2021 in, in Boston, MA. Stuart Cahill | MediaNews Group | Getty Images People in the U.S. might ne...
Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is h...
NBA’s Cavaliers reach jersey patch deal with steel company Cleveland-Cliffs
Darius Garland #10 of the Cleveland Cavaliers shoots over Admiral Schofield #25 and Chuma Okeke #3 of the Orlando Magic during the second quarter at Rocket Mortgage Fieldhouse on March 28, 2022 in Cle...
Bill Ackman is done with activist short-selling, will focus on quieter, long-term approach
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Investor Bill Ackman said Tuesday that he will no longer take part in vocal activist short selling campaigns, a ...
Businesses oppose Florida’s ‘Don’t Say Gay’ bill banning talk of LGBTQ issues in public schools
Revelers celebrate on 7th Avenue during the Tampa Pride Parade in the Ybor City neighborhood on March 26, 2022 in Tampa, Florida. The Tampa Pride was held in the wake of the passage of Florida’s...
More contagious omicron BA.2 Covid subvariant dominant in the U.S., CDC says
A woman takes a coronavirus disease (COVID-19) test at a pop-up testing site in New York City, January 12, 2022. Brendan McDermid | Reuters The more contagious omicron subvariant, BA.2, is now the dom...
NFL changes playoff overtime rule to allow possessions for both teams
Head coach Sean McVay of the Los Angeles Rams celebrates after Super Bowl LVI at SoFi Stadium on February 13, 2022 in Inglewood, California. Kevin C. Cox | Getty Images PALM BEACH, Fla. – NFL owners v...
Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “...
GameStop, Uber, Nielsen Holdings and more
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Check out the companies making headlines i...
Aircraft leasing giant casts doubt on renting to Russian airlines again
An Airbus A321-211 aircraft of Russian airline Aeroflot with registration VP-BOE is pictured on a long term parking at Cointrin airport in Geneva, Switzerland, March 9, 2022. Denis Balibouse | Reuters...
Meme stocks GameStop and AMC tumble Tuesday on heavy trading volume
A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC Meme stocks tumbled on Tuesday with huge trading activity in the shares. GameStop dropped more than 9% with more than 8 million shares...
NY AG probe suggests Trump business misstated asset values for years
Former U.S. President Donald Trump speaks during a rally at the Iowa States Fairgrounds in Des Moines, Iowa, October 9, 2021. Rachel Mummey | Reuters The New York Attorney General’s Office has &...
Amazon, Starbucks workers push for unions after Covid upended labor market
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters Th...
GM looks to increase Hummer EV production as reservations top 65,000
GMC Hummer EV pickup truck Michael Wayland / CNBC PHOENIX – General Motors has received more than 65,000 reservations for its electric GMC Hummer pickups and SUVs, as the automaker attempts to expedit...
Robinhood adds four additional hours to extended trading for clients
Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq As some Robinhood clients head back to the office following the pandemic, the st...