DK Metcalf, of the Seattle Seahawks, during a Meet & Greet with DIRECTV NFL SUNDAY TICKET subscribers at the DIRECTV NFL SUNDAY TICKET Lounge on Saturday Feb. 1, 2020, in Miami, FL. Peter Barreras...
Tag: business news
Federal Reserve meeting:
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keepi...
Aerovironment, Alibaba, Boeing and more
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alibaba, JD.com, Pinduod...
Why Fed’s first rate hike since 2018 isn’t the key to economy’s future
The Federal Reserve is about to raise its benchmark interest rate for the first time since 2018, but it’s already time for the market to look past this well-telegraphed move, according to Kathy ...
NATO chief to Putin ‘stop this war immediately,’ calls for diplomacy
NATO Secretary General Jens Stoltenberg speaks during a press conference ahead of the alliance’s Defence Ministers’ meeting at the NATO headquarters in Brussels on March 15, 2022. Kenzo Tr...
Hydrogen-powered train a step closer to passenger service in Germany
A model of Siemens Mobility’s Mireo Plus photographed in 2019. Nicolas Armer | Picture Alliance | Getty Images Plans to deploy a hydrogen-powered train in the southern German state of Bavaria to...
Kohl’s shares jump after report says Hudson’s Bay is considering buyout bid
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 jumped nearly 7% Wednesday ...
Walmart wants to hire more than 50,000 workers in new-business push
An employee restocks frozen food products at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart said Wednesday that it wants to hire more than 50,000 emp...
Inflation is causing some older Americans to delay retirement plans
As inflation rises, many Americans are shifting life milestones, including retirement. Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying plans to leave the workforce...
Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “Th...
Retail sales February 2022 come up short as inflation puts dent in consumer spending
An Amazon Prime truck pulls away after a delivery in Washington, DC, on February 17, 2022. Nicholas Kamm | AFP | Getty Images Consumers continued to spend in February through at a slower pace than exp...
Starbucks CEO Kevin Johnson is retiring, Howard Schultz returns as interim chief
Starbucks CEO Kevin Johnson is retiring after five years on the job. Howard Schultz will return as interim CEO, once again taking the helm of the company he elevated into a global brand while the comp...
Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
A pedestrian walks past the Alibaba headquarters building in Beijing. Sheldon Cooper/SOPA Images | LightRocket | Getty Images Shares of Chinese companies listed publicly in the U.S. surged Wednesday a...
Nvidia, Boeing, Micron and others
Check out the companies making headlines before the bell: DiDi Global (DIDI), Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) – China-based stocks listed in the U.S. are staging strong rallies in premark...
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Chi...
Refugees flee to Poland with economic political impact
A child greets from the window of a bus after crossing the Ukrainian border with Poland at the Medyka border crossing, southeastern Poland, on March 14, 2022. Louisa Gouliamaki | AFP | Getty Images In...
Vaccine inequity is economically self-defeating: WHO Foundation CEO
The CEO of the WHO Foundation has told CNBC that the global economy will lose “trillions of dollars” if more Covid-19 vaccines aren’t delivered worldwide. Anil Soni, who became the F...
VW and Goldman Sachs-backed Northvolt plans German gigafactory
A lithium-ion prismatic cell battery from Northvolt, photographed on Feb. 17, 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt said Tuesday it would look to build a gigafactory in Germany, wi...
Starbucks unveils new plans to eliminate single-use cups, encourage reusable mugs
A protestor walks past a caricature made of coffee cups outside of the Starbucks Annual Shareholders Meeting at McCaw Hall, on March 21, 2018 in Seattle, Washington. Stephen Brashear | Getty Images Wh...
How the stock market ‘fear index’ works
The volatility index, also known as the VIX, essentially takes a reading of the stock market’s blood pressure, measuring investors’ fear. The VIX can spike when investor concerns are heigh...
Cyber crime up as hackers use Ukraine war as distraction
Online hackers have been more active since Russian forces invaded neighboring Ukraine in late February, CrowdStrike CEO George Kurtz told CNBC’s Jim Cramer on Tuesday. In an interview on “...
Bausch Health is a buy
SoFi Technologies Inc: “[CEO] Anthony Noto is not a loser, he is a winner and he will get this thing going. It is very low at $8 and yet I like it.” Zim Integrated Shipping: “It̵...
Cramer says the stock market is unusually fragile, use rallies to raise cash
Jim Cramer advised investors on Tuesday to use rallies as an opportunity to sell and better handle volatility in the currently tumultuous market. “When things look really horrible and we’v...
Charts suggest the S&P 500 is poised for a short-term bounce
Technical analyst Carolyn Boroden thinks the S&P 500 may soon see a short-term rally, CNBC’s Jim Cramer said Tuesday. “The charts, as interpreted by Carolyn Boroden, suggest that the S...
Democrats urge Biden to restart climate negotiations in stalled plan
U.S. President Joe Biden speaks during an event at Germanna Community College February 10, 2022 in Culpeper. Virginia. Win McNamee | Getty Images More than 80 House Democrats this week called on Presi...
U.S. stock futures are flat ahead of Wednesday’s Fed meeting
Stock futures were flat in overnight trading after the major indexes rallied and oil prices tumbled below $100 a barrel ahead of Wednesday’s Federal Reserve meeting. Futures on the Dow Jones Ind...
Starbucks, Volvo test EV charging network at coffee giant’s stores
Volvo will install as many as 60 Volvo-branded, ChargePoint DC fast chargers at up to 15 Starbucks locations along a 1,350-mile route from the Denver area to the coffee company’s Seattle headqua...
Volkswagen VOW VWAGY 2022 annual meeting EV updates
A technician fixes a VW sign in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Volkswagen said Tuesday that ...
Macy’s overhauls its website and trains personal stylists
Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s is preparing to overhaul its website and train some of its workforce to be personal stylists in a bid to win more custom...
Astra stock ASTR swings: LV0009 rocket reaches orbit
A view from onboard the upper stage of rocket LV0009 during the company’s livestream on March 15, 2022. Astra / NASASpaceflight Rocket builder Astra returned to flight with a successful orbital ...
GM to begin production next week brand’s first EV
An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. Gen...