Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images CAMERON COUNT...
Tag: business news
The Fed is still likely to take a measured approach to rate hikes despite calls for bigger action
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters Several Federal Reserve officials, both privately and publicly, are pushing back against calls by St. Louis Fed P...
4-day workweek was cure for employee burnout at online store Primary
Primary co-founders and co-CEOs Cristina Carbonell and Galyn Bernard shifted the online children’s clothing retailer to a four-day workweek during the pandemic and have no plans to go back to th...
No one knows when the pandemic will end after omicron upended most hope
Residents wait in line at a Covid-19 mobile testing site in the Times Square neighborhood of New York, U.S., on Sunday, Dec. 5, 2021. Jeenah Moon | Bloomberg | Getty Images Senior U.S. health official...
Sustainable aviation fuel costs more but consumers willing to pay: IATA
Sustainable aviation fuel’s main challenge relates to volume rather than airlines’ desire to use it, and consumers will be willing to pay the extra costs associated with its uptake, the di...
Under Armour, Zillow, Expedia and others
Check out the companies making headlines before the bell: Under Armour (UAA) – The athletic apparel maker reported an adjusted quarterly profit of 14 cents per share, doubling consensus estimates, wit...
Under Armour (UAA) reports Q4 2021 earnings beat
Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour on Friday reported fiscal fourth-quarter profits and sales ahead of analy...
European countries scrap Covid rules despite warnings it’s too soon
A pedestrian zone in Oslo on Feb. 2, 2022, after Norway scrapped most of its Covid restrictions. Terje Pedersen | NTB | AFP | Getty Images LONDON — Several European countries are scrapping Covid regul...
U.S. inflation data like a ‘punch in the stomach’ for the Fed: Citi
The latest U.S. January inflation data came in like a “punch in the stomach” for the Federal Reserve, which raises the possibility for an aggressive 50 basis points rate hike in March, the...
Watch Elon Musk give an update on SpaceX’s massive Starship rocket
Note: SpaceX is producing the webcast for this event. [The livestream is slated to begin at 9 p.m. ET. Please refresh the page if the web player above is not visible.] SpaceX CEO Elon Musk is giving a...
Soaring used vehicle prices haven’t cooled demand
Demand for used cars remains strong even though the price of preowned vehicles has soared throughout the Covid pandemic, Group 1 Automotive CEO Earl Hesterberg told CNBC on Thursday. Hesterberg said o...
Zillow, Expedia, Cloudflare and more
The Expedia homepage is displayed on laptop computers arranged for a photograph in Washington, D.C., U.S. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the be...
FDA committee votes against Eli Lilly cancer treatment over concerns trials conducted only in China
The outside of the Food and Drug Administration headquarters is seen in White Oak, Md. Al Drago | CQ Roll Call | Getty Images A Food and Drug Administration committee on Thursday recommended against f...
Stock futures are flat following a steep sell-off spurred by hot inflation
Traders on the floor of the NYSE, Feb. 9, 2022. Source: NYSE Stock futures were flat in overnight trading Thursday after a sharp sell-off on Wall Street spurred by the hottest inflation reading in fou...
Astra stock drops 26% after NASA mission fails mid-launch
Shares of rocket builder Astra fell sharply Thursday, after the company’s latest mission failed to reach orbit. Astra’s stock fell 26% to close at $3.91 a share. The company confirmed ther...
Nets send James Harden to Sixers for Ben Simmons
James Harden #13 of the Brooklyn Nets drives against Ben Simmons #25 of the Philadelphia 76ers during the third quarter at Wells Fargo Center on February 06, 2021 in Philadelphia, Pennsylvania. Tim Nw...
Coca-Cola, Twitter, Tapestry and others
Check out the companies making headlines before the bell: Coca-Cola (KO) – Coca-Cola shares added 1.3% in the premarket after the company beat estimates by 4 cents with adjusted quarterly earnings of ...
Kellogg may raise prices again in 2022 amid ‘double digit cost inflation,’ says CEO
Kellogg is planning to raise prices and increase productivity to offset the skyrocketing inflation it’s seeing for input costs, CEO Steve Cahillane told CNBC on Thursday. “As we enter 2022...
Inflation, high gas prices contributing to financial anxiety
Gasoline prices are displayed at a Los Angeles gas station on Feb. 8, 2022. Mario Tama | Getty Images As inflation climbs to historic highs, rising gasoline and other consumer prices are among America...
Binance, led by crypto billionaire, takes huge stake
Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned. The funds will h...
Inflation eroded pay by 1.7% over the past year
People shop at a Los Angeles retail outlet on Jan. 28, 2022. FREDERIC J. BROWN | AFP | Getty Images High inflation overshadowed a big increase in wages over the past year, amounting to a nearly 2% sma...
Biden touts wage growth, slower inflation forecasts after another surge in prices
US President Joe Biden, speaks about rebuilding manufacturing on February 8, 2022, from the South Court Auditorium in Eisenhower Executive Office Building, in Washington, DC. (Photo by Brendan Smialow...
Disney, Uber, Coca-Cola and more
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Ch...
Struggling small businesses hope more Covid relief is on the way
andresr | E+ | Getty Images Almost two years into the Covid-19 pandemic, many small businesses are still struggling. While financial assistance for those impacted by the crisis has ended, some of the ...
‘Austin Powers’ villains fight climate change
GM’s 60-second Super Bowl ad stars actor and comedian Mike Myers reclaiming his role as Dr. Evil from the spy comedy trilogy “Austin Powers” that debuted from 1997 to 2002. It also f...
Covid mask mandate lifted because hospitals OK
A recent sharp drop in Connecticut’s Covid hospitalizations allowed the Democratic governor there to feel comfortable dropping the state’s mask mandate, effective later this month. “...
Automakers cut production due to anti-vaccine Canadian trucker protest
Vehicles block the route leading from the Ambassador Bridge, linking Detroit and Windsor, as truckers and their supporters continue to protest against the coronavirus disease (COVID-19) vaccine mandat...
Inflation rises 7.5% over the past year, even more than expected
Consumer prices surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year. The consumer ...
European nuclear fusion experiment announces ‘record-breaking’ results
Nuclear fusion powers the Sun. Pierre Longnus | The Image Bank | Getty Images Researchers working on a project centered around fusion energy — the process that powers stars — have hailed “record...
How to know if your car is American-made
Discovering how much of a car is made in America is remarkably difficult. U.S. law requires that companies disclose information about where cars and their parts are made, but the facts they disclose c...
Activist Macellum seeks to take control of Kohl’s board, nominates 10 directors
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Activist group Macellum has amplified the pressure on Kohl’...