Florist Betty Sejas arranges red roses at Company Flowers in Arlington, Virginia, on Feb. 8, 2022. Saul Loeb | AFP | Getty Images Not even Cupid is immune from inflation’s sting this Valentine&#...
Tag: business news
UK’s HMRC seizes NFTs for first time in tax fraud probe
A CryptoPunk NFT on display at Sotheby’s on June 4, 2021 in New York City. Cindy Ord | Getty Images LONDON — Britain’s tax watchdog has seized three non-fungible tokens, in what is thought...
Shots for kids under 5 delayed due to low Covid cases in trial
The Food and Drug Administration’s plan to fast-track Pfizer’s Covid vaccine for children under 5 years old was delayed because of a “low number of cases overall in the clinical tria...
Splunk, Blackstone, Aerojet Rocketdyne and more
Take a look at some of the biggest movers in the premarket: Splunk (SPLK) – Cisco Systems (CSCO) made a more than $20 billion takeover bid for the cloud software company, according to people familiar ...
5 things to know before the stock market opens Monday, February 14
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures steady after comments from Russia’s top diplomat Traders on the floor of the NYSE...
Jared Isaacman buys private SpaceX flights for Polaris Program
The Polaris Dawn mission crew, from left: Medical officer Anna Menon, pilot Scott Poteet, commander Jared Isaacman, and mission specialist Sarah Gillis. Polaris Program / John Kraus Jared Isaacman, th...
Inflation economic shock complete as Main Street tipping point reached
Joe Raedle | Getty Images News | Getty Images The latest Consumer Price Index reading, the highest in four decades, isn’t the only sign that inflation is extending rather than giving up its hold...
NFL sponsors Nike, Pepsi dominate 2022 Super Bowl exposure
Von Miller #40 of the Los Angeles Rams holds up the Vince Lombardi Trophy after Super Bowl LVI at SoFi Stadium on February 13, 2022 in Inglewood, California. The Los Angeles Rams defeated the Cincinna...
central bank governor on inflation, tourism recovery
Inflation in Thailand will largely be “contained” because the price pressures in the country are not as broad-based compared to some developed markets, said the governor of Bank of Thailan...
DBS CEO Piyush Gupta on fourth-quarter earnings, shareholder dividends
Singapore’s largest lender DBS Group reported a record full-year profit for 2021, and its CEO Piyush Gupta told CNBC last year was “one of the best years” he’s seen. “Tha...
Flooded, disused coal mines could change how our homes are heated
LONDON — The ramifications of the Industrial Revolution, which had its roots in 18th-century Britain, were huge. Britain’s abundance of coal — as well as the ease with which it could be accessed...
EV start-up Polestar takes shots at Tesla’s Elon Musk in Super Bowl ad
Electric vehicle start-up Polestar, which is expected to go public this year, used its first-ever Super Bowl ad to indirectly take shots at its competitors, including Tesla and Volkswagen. The 30-seco...
Chevrolet reboots, updates ‘The Sopranos’ intro for Super Bowl ad
Chevrolet rebooted and updated the introduction sequence of the HBO show “The Sopranos” for a surprise Super Bowl ad for its new electric Silverado pickup truck. Chevrolet Chevrolet reboot...
Stock futures are slightly lower as Wall Street weighs Russia-Ukraine tensions, potential Fed rate hikes
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, January 18, 2022. Brendan McDermid | Reuters Stock futures dipped slightly Sunday evening as investors continued to mo...
Fed’s Daly advocates for a ‘measured’ approach as rate hike expectations rise
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, July 16, 2019. Ann Saphir | Reuters The Federal Reserve should be measured i...
New Icelandic carrier makes a play in low-cost transatlantic market
Passengers board an Airbus passenger jet operated by Icelandic low-fare carrier Play. Play Startup low-fare Icelandic airline Play announced new transatlantic service out of a third U.S. airport, Stew...
FDA plan to fast-track Pfizer vaccine for kids under 5 fails
Parents of children under 5 will have to wait until at least April to get their kids vaccinated against Covid-19, after the Food and Drug Administration and Pfizer this week abruptly delayed plans to ...
The fall of Peloton’s John Foley and the market’s big founder problem
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
Netflix will do series on accused bitcoin hack money launderers
The bizarre case of a New York couple accused of trying to launder $4.5 billion in bitcoin stolen by a 2016 hack will be the subject of a docuseries on Netflix, the streaming company said Friday. The ...
‘Mattress Mack’ sets bet record with $5 million on Cincinnati Bengals
Jim McIngvale, better known as “Mattress Mack,” has made history with a $5 million wager on the Cincinnati Bengals, the single-largest legal sports bet ever. The previous record was set wi...
Netflix to remove ‘Daredevil,’ other Marvel shows, from service
Krysten Ritter, Finn Jones, Charlie Cox and Mike Colter star in Netflix’s “The Defenders.” Netflix Netflix’s suite of Marvel-branded television shows will be leaving the stream...
NFL lobbies the SEC on blockchain technology
NFL commissioner Roger Goodell Kirby Lee-USA TODAY Sports | Reuters The National Football League lobbied the Securities and Exchange Commission on “issues related to blockchain technology”...
Canadian leader declares state of emergency over bridge blockade, plans to arrest protesters
Vehicles clog downtown streets as truckers and supporters continue to protest coronavirus disease (COVID-19) vaccine mandates, in Ottawa, Ontario, Canada, February 10, 2022. Blair Gable | Reuters DETR...
Oil jumps amid escalating tensions between Russia and Ukraine
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices jumped in afternoon trading Friday amid...
Under Armour, Zillow, Affirm and more
An Under Armour shoe is seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Under Armour — The sports...
Super Bowl betting to top $7.6 billion. Don’t forget taxman if you win
Algerina Perna | Baltimore Sun | MCT | Getty Images If you plan to drop money on a Super Bowl bet this weekend, remember the IRS will be looking for its cut of your winnings. Americans are expected to...
Jeffrey Gundlach says the Fed is ‘obviously behind the curve,’ will raise rates more than expected
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Friday the Federal Reserve is failing in its battle...