Portrait of American fantasy author Brandon Sanderson taken on June 3, 2011. Sfx Magazine | Future | Getty Images Brandon Sanderson asked folks on Kickstarter for $1 million to self-publish four novel...
Tag: business news
Cleveland Fed President Mester says Ukraine war accelerates the need for interest rate hikes
War in Ukraine only heightens the need for higher interest rates to get inflation under control, Cleveland Fed President Loretta Mester said Thursday. The attack from Russia has pushed commodity price...
Russian billionaires lose over $80 billion in wealth
Russian billionaire and businessman Alisher Usmanov arrives to the openings of new monument to former Russian Prime Minister Yegeny Primakov at Smolenskaya Square inin Central Moscow, Russia, October,...
How the Ukraine-Russia conflict may push up prices for Americans
A taxi driver refuels a vehicle at a Gulf gas station in Boston on Mar. 1, 2022. Vanessa Leroy/Bloomberg via Getty Images The economic effects of Russia’s invasion of Ukraine a week ago have rev...
Best Buy, Kroger, Burlington and more
An employee brings a television to a customer’s car at a Best Buy store in Orlando, Florida. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in ...
Here are the Russian oligarch yachts being seized as sanctions sink in
A file photo dated September 10, 2018 shows mega yacht named “Dilbar” belonging to Uzbek-born Russian business-magnate Alisher Usmanov as it refuels by a tanker in Mugla, Turkiye. Germany ...
Russia oil disruption would spur ‘significantly’ higher prices
Darren Woods, Chairman and CEO, Exxon Mobil. Katie Kramer | CNBC U.S. oil surged to the highest level since 2008 on Thursday, and Exxon CEO Darren Woods said prices could be heading much higher. ̶...
Have a case of buyer’s remorse? Why high inflation may be to blame
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Inflation is pushing up prices everywhere, from grocery store shelves to gas pumps...
Tech private equity investor Orlando Bravo says the mantra of ‘growth at all costs’ is over
(Click here to subscribe to the Delivering Alpha newsletter.) Software has been one of the worst-performing sectors this year amid a rising rate environment and geopolitical tensions overseas. This c...
Watch Federal Reserve Chair Powell speak live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday before the U.S. Senate Comm...
Oil rises to the highest since 2008, before paring gains
Oil pipelines, pumping rigs, and electrical transmission lines dot the landscape along California’s “Petroleum Highway” (Highway 33) running along the northwestern side of the San Jo...
UAE reinstates visa on arrival for Ukrainians in quick reversal
A view of a street in Abu Dhabi, United Arab Emirates Valery Sharifulin | TASS | Getty Images DUBAI, United Arab Emirates — The Foreign Ministry of the United Arab Emirates announced Thursday that Ukr...
Airline software giant ends service with Russia’s Aeroflot, crippling carrier’s ability to sell seats
Aeroflot Russian Airlines and Rossiya Airlines jet aircrafts at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Sabre Corp. on Thursday said it terminated its a...
Wall Street praises Ford’s EV plans, questions sales and profit targets
Employees work on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images Wal...
Best Buy(BBY) Q4 2022 earnings
Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and reduced store hours because of omicron-related staffing shorta...
How Block (Square) avoided death by Amazon
Block co-founder Jim McKelvey. CNBC | NBC Universal | Getty Images BARCELONA — In 2014, Amazon launched a product that sounded strikingly similar to something already on offer from Twitter co-founder ...
Norwegian Cruise Line is a buy
Norwegian Cruise Line: “One of the worst performers in the market, with one of the best CEOs. I still believe. I think at $20, with everything starting to open around the world, it is a [buy].&#...
What critics thought of the new Dark Knight film
Robert Pattinson stars in “The Batman.” Warner Bros. Batman has taken on many forms on the big screen, from goofy and campy to suave and gritty. Matt Reeves’ “The Batman”...
Projecting revenue is challenging, so we prefer to give conservative guidance
Snowflake CEO Frank Slootman told CNBC’s Jim Cramer on Wednesday the company prefers to give conservative guidance, saying the way it recognizes revenue creates a considerable amount of uncertai...
Market has several positives that could spark sustained rally
There are signs of relief for stocks that could individually, or together, result in a sustained rally, CNBC’s Jim Cramer said Wednesday, as Russia’s invasion of Ukraine and soaring inflat...
Stock futures inch lower as Russia-Ukraine tensions weigh
U.S. stock index futures were modestly lower during overnight trading Wednesday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine. Futures contra...
Walmart rolls out virtual fitting room to help shoppers find clothes
Walmart debuted Choose My Model, a feature that allows shoppers to see how clothing would look on a person with a similar height, shape and skin tone. The technology is powered by Zeekit, a start-up t...
Victoria’s Secret (VSCO) reports Q4 2021 earnings; issues weak outlook; cites Ukraine
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret seesawed in after-hour hours trading Wednesday after the l...
Everton suspend sponsorship deals with three Russian companies
The Russian billionaire Alisher Usmanov photographed in Moscow, Russia, on March 19, 2015. Sasha Mordovets | Getty Images News | Getty Images Everton have suspended all commercial and sponsorship acti...
Fanatics hits $27 billion in new funding, adds BlackRock, Michael Dell
Fanatics Founder/Executive Chairman Michael Rubin attends Fanatics Super Bowl Party at College Football Hall of Fame on February 2, 2019 in Atlanta, Georgia. Mike Coppola | Getty Images Michael Rubin&...
The 10 stock and bond funds with the biggest Russia exposure
Nitat Termmee | Moment | Getty Images Americans who invest in mutual funds and exchange-traded funds have largely been insulated from financial exposure to Russia amid its conflict with Ukraine. The r...