Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nish...
Tag: business news
Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in pl...
Americans are pausing investments because of the Russia-Ukraine war
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of st...
Companies raise consumer prices but only sleuths can detect it
Alexanderford | E+ | Getty Images Americans are paying more for a broad swath of household goods these days. Even items without a higher sticker price may still cost more — it’s just hard to not...
Audi expects war in Ukraine to cause ‘tremendous interference’
DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as autom...
Hedge funds are doubling down on commodities bets with some notching big gains
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images (Click here to subscribe to the Delivering Alpha ne...
Impossible Foods taps top Chobani executive for its new CEO
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will...
P&O Ferries sacks 800 staff and suspends sailing, says not sustainable
Three P&O Ferries, Spirit of Britain, Pride of Canterbury and Pride of Kent moor up in the cruise terminal at the Port of Dover in Kent as the company has suspended sailings ahead of a “majo...
Biden taps Dr. Ashish Jha as Covid response head, succeeds Jeff Zients
Dr. Ashish Jha is pictured in Providence, RI on Dec. 3, 2020. Jonathan Wiggs | Boston Globe | Getty Images President Joe Biden on Thursday named Dr. Ashish Jha as his new Covid-19 response coordinator...
Dollar General, Occidental Petroleum, Guess and more
A customer enters a Dollar General Corp. store in Colona, Illinois, U.S., on Wednesday, Sept. 10, 2014. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday tradi...
Maserati to go all-electric starting with 1,200 horsepower GranTurismo
The new GranTurismo Folgore will be the first car in Maserati history Maserati Luxury auto brand Maserati plans to offer electric versions of its entire lineup by 2025, starting next year with a new G...
Hydrow raises millions as at-home fitness industry faces post-Covid reckoning
Hydrow, maker of a $2,500 connected rowing machine, said Thursday it has landed another $55 million in funding to fuel its growth while the at-home fitness industry undergoes a shakeout as consumers r...
Why U.S. bridges are in such bad shape
America’s bridges are in rough shape. More than a third of the nation’s bridges are in need of repair, and over 43,000 are in poor condition and classified as “structurally deficient...
Warby Parker (WRBY) reports Q4 2021 losses
A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker shares sunk in premarket trading Thursday after the eyewear retailer reported continued ...
Moderna CEO Stephane Bancel has sold more than $400 million of company stock during the pandemic
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the pandemic — averaging roughly $3.6 million a week...
Dollar General, Accenture, Warby Parker and others
Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Do...
Target’s solar panel carports at California store may be a green model
Target has added carport canopies with solar panels to power one of its California stores with renewable energy. The retailer said it will test the approach and may expand it to other locations. Targe...
Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion
Daniel Zuchnik | WireImage | Getty Images Warren Buffett’s Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion on the first three days of...
Chicago Cubs owners and Citadel billionaire Ken Griffin team up to bid for Champions League holders
The owners of the Chicago Cubs and Ken Griffin, the billionaire hedge fund tycoon, have joined forces to table a blockbuster bid for Chelsea Football Club. Sky News can exclusively reveal that the Ric...
Charts suggest the Nasdaq 100 and S&P 500 could be days away from bottoming, Jim Cramer says
Legendary chartist Tom DeMark thinks key U.S. stock market indexes could be days away from reaching a bottom, CNBC’s Jim Cramer said Wednesday. “We’ll be in some more pain before we ...
Remote work shift made new business travel segment
American Express expects remote workers to create new demand for business travel, CEO Steve Squeri told CNBC’s Jim Cramer on Wednesday. “You’re going to have, I believe, a lot more i...
Chipotle tests robot kitchen assistant named Chippy to make tortilla chips
Chipotle is testing a new autonomous kitchen assistant to handle cooking up one of its core menu items —tortilla chips. The company’s culinary and technology teams are working with Miso Robotics...
Who could be in the running
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks‘ board is searching for the coffee giant’s next CEO after Kevin Johnson announced his plan to retire in April. Former CEO Howard S...
Stocks making the biggest moves after hours: Lennar, Williams-Sonoma and more
A contractor carries boards through a house under construction at the Lennar Corp. Tree Tops community development in Lancaster, South Carolina, U.S., on Monday, Jan. 8, 2018. Travis Dove | Bloomberg ...
Netflix adds Volodymyr Zelenskyy’s show ‘Servant of the People’
Servant of the People is once again available on Netflix in The US. The 2015 satirical comedy series stars Volodymyr Zelenskyy playing a teacher who unexpectedly becomes President after a video of him...
Russian-Ukraine war to lower car production by millions of units
A worker attaches a wiring harness to the chassis of an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters DETROIT – The war in Ukrai...
Joe Buck and Troy Aikman leave Fox to host ESPN’s Monday Night Football
Fox Sports play-by-play announcer Joe Buck, left, and analyst Troy Aikman work in the broadcast booth before a preseason NFL football game between the Miami Dolphins and Jacksonville Jaguars in Miami ...
96% want vacation dollars to further sustainability goals, says survey
Forty-eight percent of respondents told Kind Traveler their greatest challenge in traveling sustainably is finding accommodations that are both “sustainable and socially conscious.” Klaus ...
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Jan. 26. Text removed from the January stat...