With the national average for a gallon of gas hitting its highest price since 2008 and the stock market on edge with the first land war in Europe since WWII being waged by one of the world’s big...
Tag: business news
National average for a gallon of gas tops $4, the highest price at the pump since 2008
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driv...
Why Ford’s big EV split decision may get even bigger in the future
Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images In the bigge...
Why a California city is trying to build the state’s last power plant
People gathered in Glendale in February to protest the city’s approval to build a fossil-fueled power plant. Courtesy of Morgan Goodwin Glendale, a Los Angeles suburb that’s home to Walt D...
How the U.S. determines what makes a car safe
Recent upticks in traffic deaths have sparked worry among safety advocates, government officials and even the industry itself. The toll — 1.36 fatalities per 100 million vehicle miles traveled — has b...
Pittsburgh robot farm business of future backed by Pritzker billions
Currently less than 1% of fresh produce is grown through hydroponics systems versus open-field agriculture, but this segment is forecast by Mordor Intelligence to grow by nearly 11,% or about $600 mil...
PayPal suspends its services in Russia over Ukraine war
The PayPal app shown on an iPhone. Katja Knupper | DeFodi Images | Getty Images PayPal said Saturday it was suspending its services in Russia, adding to the number of firms retreating from the country...
China defense spending to rise by 7.1% in 2022, says finance ministry
Chinese President Xi Jinping inspects troops during a parade on October 1, 2019, to celebrate the 70th Anniversary of the founding of the People’s Republic of China at Tiananmen Square in 1949, ...
Cramer cautions investors to avoid these 4 retail stocks that recently went public
CNBC’s Jim Cramer on Friday provided a list of four newly public retail stocks investors should stay away from. The “Mad Money” host said that as companies that went public in the la...
Ulta has the best chance of ‘roaring higher’
CNBC’s Jim Cramer on Friday previewed next week’s earnings roster and said weekend developments in Russia’s invasion of Ukraine will be the most important indicator of the marketR...
China on deck to reveal its 2022 GDP target
Workers weld at a workshop of an automobile manufacturer in Qingzhou, East China’s Shandong Province, on March 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is sl...
Incoming Splunk CEO Gary Steele on his new role, company outlook
The incoming CEO of Splunk, Gary Steele, told CNBC’s Jim Cramer on Friday he hopes to be a “stabilizing force” for the company and its customers. Steele, whose appointment was announ...
Jim Cramer says Devon Energy is insurance against geopolitical chaos
Investors who want to a stock to guard against global uncertainty in light of the Russia-Ukraine war should look to Devon Energy, CNBC’s Jim Cramer said Friday. The “Mad Money” host&...
Ex-Unilever CEO namechecks Tesla, says firms should focus on long term
The ex-CEO of British consumer goods giant Unilever has shared his view on how businesses should operate in the years ahead, namechecking Elon Musk’s Tesla, Danish energy firm Orsted and Beyond ...
New Jersey will end omicron health emergency, NYC to lift indoor vaccine mandate
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jer...
The IRS has sent nearly 30 million refunds. Here’s the average payment
Cabania | iStock | Getty Images Plus Despite ongoing challenges, the IRS has sent nearly 30 million tax refunds, worth about $103.2 billion, the agency reported Friday. While 29% of Americans worry ab...
Average national gasoline price surges to $3.83 a gallon, the highest since 2012
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driv...
Russia’s invasion is driving up air cargo costs
A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport. Jan Woitas | Picture Alliance | Getty Images The cost of transporting goods by air has surged since Russia’s inva...
Russia stock ETFs trading in U.S. plunge this week with some halted for trading
Traders work on the floor of the New York Stock Exchangeon March 04, 2022 in New York City. Spencer Platt | Getty Images Exchange traded funds that track Russian stocks fell dramatically this week and...
Kroger, Impossible Foods partner to create meat substitutes; Beyond Meat shares fall
Impossible Pork Char Siu Buns are sampled during an Impossible Foods press event for CES 2020 at the Mandalay Bay Convention Center on January 6, 2020 in Las Vegas, Nevada. David Becker | Getty Images...
S&P Dow Jones is removing Russia stocks from indices, stripping country of emerging market status
An employee looks at a stock price index graph showing plunging stock prices on an electronic information screen at the headquarters of the Micex-RTS Moscow Exchange. Andrey Rudakov | Bloomberg | Gett...
Big raises may be coming back down to earth
A ‘help wanted’ sign is posted in front of restaurant on Feb. 4, 2022 in Los Angeles. Frederic J. Brown | AFP | Getty Images The big raises that many Americans got over the past year are s...
The pros and cons of installment payments
You can use buy now, pay later for just about everything these days. Since the start of the pandemic, installment payments have exploded in popularity along with a general surge in online shopping. In...
Costco, Rivian, Signature Bank, Sweetgreen
Shoppers wearing face masks leave a Costco wholesale store in Washington, D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Costco — The st...
‘The Batman’ made $21.6 million in Thursday night previews
Robert Pattinson stars in “The Batman.” Warner Bros. Warner Bros.’ “The Batman” has secured $21.6 million in Thursday previews and is on pace for domestic debut north of ...
Brandon Sanderson Kickstarter is biggest ever
Portrait of American fantasy author Brandon Sanderson taken on June 3, 2011. Sfx Magazine | Future | Getty Images Prolific fantasy writer Brandon Sanderson’s publishing campaign is now the most ...
Chicago Fed’s Charles Evans cautions on inflation’s hit to small businesses
Small businesses will be facing growing challenges from inflation and higher wages, Chicago Federal Reserve President Charles Evans said Friday. Even with average earnings flattening out in February, ...
Tesla factory in Germany gains conditional approval for production
A Tesla Model Y is seen in a production hall of the Tesla Gigafactory during the open day. In Grünheide, east of Berlin, the first vehicles are to roll off the production line from the end of 2021. Pa...
New Jersey governor floats property tax relief for homeowners, renters
New Jersey Gov. Phil Murphy delivers a victory speech on Nov. 3, 2021, in Asbury Park, New Jersey. Eduardo Munoz Alvarez | Getty Images Property tax relief may soon be coming to New Jersey. Gov. Phil ...