View of the huge Gold and Silver Allied Nevada-Hycroft Mine near Sulphur in Black Rock Desert, Nevada, near the small towns of Sulphur and Gerlach. Federica Grassi | Moment | Getty Images Hycroft Mini...
Tag: business news
White House says U.S. will run out of money to fight pandemic
A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, on Wednesday, Jan. 26, 2022. Vanessa Ler...
Airlines, Coupa Software, GitLab and more
Take a look at some of the biggest movers in the premarket: Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) – Delta rallied 3.7% in the premarket while United jumped 3.9% and So...
Retail sales will grow this year, but at a slower rate than in 2021, trade group says
Miami, Florida, Brickell City Centre shopping mall with Apple Store, Chanel and escalators. Jeff Greenberg | Universal Images Group | Getty Images Retail sales in the U.S. are expected to grow between...
Airlines bet surge in travel will help offset fuel costs
American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC Travel demand has bounced back faster than expected this year, major airlines said Tuesday, a welcome trend for an industry battered...
American Airlines, Starbucks, Peloton and more
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Check out the companies makin...
Oil drops again, now more than 27% below recent high
Oil rigs work on platforms in Gaoyu Lake in Gaoyou in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images Oil registered heavy losses Tuesday, building on Monday&...
Single-family rent sets record, led by homes in Florida and Arizona
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Demand for single-family rental homes is soaring, pushing prices to record highs, as Americans continue to want larger homes with outd...
AMC buys stake in Nevada gold miner Hycroft Mining
Adam Aron, AMC Entertainment president and CEO. David Orrell | CNBC Movie theater chain AMC Entertainment has agreed to purchase a major stake in a Nevada gold and silver miner, the companies announce...
Forecasters sees growing chance of a recession as Fed hikes rates this year to fight inflation
US Federal Reserve Chairman, Jerome Powell, testifies before the House Financial Services Committee on “The Semiannual Monetary Policy Report to the Congress,” in Washington, DC, on March ...
Bowery’s vertical farming strawberries go on sale in New York
Bowery Farming’s Chief Commercial Officer Katie Seawell holds up two different varieties of strawberries grown by the vertical farming company in its Kearny, NJ farm. The company is debuting ber...
Why the Federal Reserve raises interest rates to combat inflation
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank ...
Starbucks urged by investors to adopt neutral policy toward union efforts
Several investors, led by Trillium Asset Management, are urging Starbucks to adopt a global policy of neutrality for all current and future attempts of its workers to organize. They also want Starbuck...
Wholesale inflation climbed 0.8% in February, slightly lower than expectations
Another surge in energy prices pushed wholesale goods prices to their biggest one-month jump in record in February, according to Labor Department data released Tuesday. Final demand prices for goods j...
Is omicron subvariant BA.2 to blame for rising Covid cases?
A doctor monitors a Covid-19 patient in the Covid-19 intensive care unit of the community hospital in Germany on April 28, 2021. RONNY HARTMANN | AFP | Getty Images LONDON — Covid cases are rising in ...
Dongguan factory center locks down
Aerial view of people queuing up for COVID-19 nucleic acid testing on February 26, 2022, in Dongguan, Guangdong province. Vcg | Visual China Group | Getty Images BEIJING — China’s worst Covid-19...
Leaders of NATO countries discuss plans to meet in Brussels next week, officials say
A view of a meeting of the North Atlantic Council (NAC) at the level of Foreign Ministers gather at the NATO Headquarters in Brussels, March 4, 2022. Olivier Douliery | Reuters The heads of state repr...
Stay away from Snap here
Nucor Corp: “We see opportunities that we want to get ready for if the Fed raises [the interest rate] and the market comes down … Nucor’s up gigantically and we felt like bulls make ...
China’s Covid outbreak to disrupt tech supply chains, says Marvell CEO
The latest round of coronavirus restrictions in major Chinese cities will likely add to supply chain challenges in the technology sector, the CEO of a semiconductor company told CNBC’s Jim Crame...
Honeywell CEO says suspending business in Russia won’t be a major headwind
Honeywell‘s decision to halt business activities in Russia following the country’s invasion of Ukraine is unlikely to cause problems for the company’s balance sheet, CEO Darius Adamc...
Cramer says stocks may bottom sooner than expected because Wall Street is so negative
Investors’ current poor market sentiment could lead to a market bottom soon, CNBC’s Jim Cramer said Monday. “We also need … everyone to believe that the market can only go lower. We ...
Stock futures rise slightly as Wall Street awaits Fed rate hike, Ukraine developments
Traders on the floor of the NYSE, March 14, 2022. Source: NYSE U.S. stock futures rose slightly on Monday night as investors continue to monitor developments in the Russia-Ukraine conflict and get rea...
NIO XPEV LI trading down on delisting fears
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio U.S.-listed shares of Chinese electric vehicle makers opened sharply lower on Monday, under pressure with other Chinese com...
Putin allows Russian airlines to fly $10 billion worth of foreign-owned planes
Aeroflot Russian Airlines civil jet aircraft produced by Airbus at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Foreign aircraft lessors seeking to recover s...
Bipartisan lawmakers push for IRS answers on problems facing taxpayers
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images A group of bipartisan lawmakers is pressing the IRS for answers on lingering is...
Nikola wants to increase shares by 200 million
San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Lo...
Vaccine maker stocks rise as China battles worst Covid outbreak since 2020
Health workers dressed in protective clothing give nucleic acid tests to men at a mass testing site to prevent COVID-19 on March 14, 2022 in Beijing, China. Kevin Frayer | Getty Images Shares of the m...
China ‘very vulnerable’ to omicron spread despite ‘zero-Covid policy’
Low levels of natural immunity are complicating China’s efforts to limit spread during its recent surge in cases of the new Covid omicron BA.2 subvariant, Dr. Scott Gottlieb told CNBC on Monday....