CNBC’s Jim Cramer said Wednesday he sees promise in Coterra Energy, a natural gas-focused firm formerly called Cabot Oil & Gas Corporation. “When you’re picking among oil and gas...
Tag: business news
We’re being harsh on companies that went public via SPAC
Boxed: “We are being very harsh on companies that came public via SPAC, even ones we like, so I’m just going to have to say I’m withholding.” Graphic Packaging: “I happen...
Waste Management CEO Jim Fish touts ‘pretty darned robust’ 2022 outlook
Waste Management CEO and President Jim Fish on Wednesday expressed confidence in the company’s 2022 prospects, despite the continued presence of inflationary pressures. “Our guidance that ...
Airlines ask Biden to drop Covid testing for vaccinated travelers before U.S.-bound flights
A traveler wears a face mask while checking their phone on the arrivals level outside the Tom Bradley International Terminal (TBIT) at Los Angeles International Airport (LAX) amid increased Covid-19 t...
Nasdaq futures drop as Facebook leads tech shares lower
Traders on the floor of the NYSE, Jan. 26, 2022. Source: NYSE Nasdaq 100 and S&P 500 futures fell Wednesday night, as traders pored through the latest batch of corporate earnings, which included d...
Biden urges against USPS plan to spend billions on gas vehicles
A postal worker loads a delivery truck on October 01, 2021 in Chicago, Illinois. Scott Olson | Getty Images The Biden administration on Wednesday attempted to halt the U.S. Postal Service’s plan...
Ferrari has a lot riding on its new SUV, the Purosangue
Ferrari logo Dean Mouhtaropoulos Ferrari has a lot riding on its much-anticipated and hotly debated SUV, called the Purosangue, to be unveiled later this year. Ferrari CEO Benedetto Vigna, who has bee...
Shares of EV start-up Electric Last Mile plunge more than 50% after CEO, chairman resign
The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s...
Capri Holdings, Boston Scientific, Brinker and others
Check out the companies making headlines before the bell: Capri Holdings (CPRI) – The company behind Michael Kors and other luxury brands reported better-than-expected earnings for its latest quarter ...
Crypto exchange FTX to buy Japanese rival Liquid
Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021....
Extreme heat driven by climate change is new normal for oceans
A diver checks the coral reefs of the Society Islands in French Polynesia. on May 9, 2019 in Moorea, French Polynesia. Alexis Rosenfeld | Getty Images More than half of the world’s ocean surface...
SeaWorld’s bid for Cedar Fair makes sense, but it may have to pay more
Guests ride the Bayside Skyride at SeaWorld on July 20, 2021 in San Diego, California. Daniel Knighton | Getty Images Entertainment | Getty Images Theme park experts aren’t surprised that SeaWor...
Dr. Scott Gottlieb says it’s time to consider dumping school Covid mask mandates
The Centers for Disease Control and Prevention should adjust its Covid masking guidance to account for high immunity protection in America, specifically when it comes to schools, Dr. Scott Gottlieb to...
Alphabet, PayPal, General Motors, AMD & more
The Google logo seen at the entrance to Google Cloud campus in Seattle. Toby Scott | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Alph...
AMC to raise $500 million in bond sale as it seeks to refinance debt
An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, June 2, 2021. Carlo Allegri | Reuters Movie theater chain AMC Entertainment plans to sell $500 million i...
Starbucks CEO Kevin Johnson on why Chinese sales were weak
Reduced international travel and low traffic to office buildings weighed on Starbucks’ same-store sales in China, CEO Kevin Johnson said Wednesday. “Our stores that are in airports in the ...
Lux Capital’s Josh Wolfe on why the buy-the-dip mantra will no longer work
(Click here to subscribe to the new Delivering Alpha newsletter.) Lux Capital invests in emerging science and technology companies, making long-term bets on contrarians in the space. Over two decades,...
Satellite internet tier at $500 per month
SpaceX has quietly rolled out a new, more powerful “premium” tier of its Starlink satellite internet service that’s targeted at businesses and enterprise customers. The new product, ...
Inflation impacts Valentine’s Day but overspending isn’t sexy
Even cupid is coming out of quarantine. Valentine’s Day spending is expected to reach $23.9 billion in 2022, the second-highest year on record, according to the National Retail Federation. On av...
Borrowers rush to get the last of the low mortgage rates
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images M...
Massive winter storm grounds hundreds of flights across the U.S.
Travelers wait at the check-in counters of Southwest Airlines at Dallas Love Field Airport in Dallas, Texas, the United States, Dec. 17, 2021. Guangming Li | Xinhua News Agency | Getty Images Airlines...
Companies cut 301,000 as omicron slams labor market
Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday. Private payrolls...
Washington Football Team officially renamed Washington Commanders
Washington quarterback Taylor Heinicke (4) throws a pass during the Kansas City Chiefs versus Washington Football Team National Football League game at FedEx Field on October 17, 2021 in Landover, MD....
PepsiCo to launch hemp seed-infused drink under Rockstar Energy
PepsiCo’s Rockstar Unplugged, infused with hemp seed Source: Pepsico PepsiCo’s latest drink from Rockstar Energy wants to help consumers chill out. Infused with hemp seed oil, spearmint, l...
Bud Light Seltzer’s Super Bowl ad spotlights new line, stars Guy Fieri
Guy Fieri in Bud Light Seltzer Hard Soda’s Super Bowl commercial Source: Bud Light Bud Light Seltzer is hoping that a Super Bowl ad starring celebrity chef Guy Fieri will help jump-start sales i...
Bob Johnson says Biden’s Build Back Better bill needs to direct money to Black-owned businesses
BET founder Bob Johnson told CNBC on Tuesday the Biden Administration needs to take additional steps in its Build Back Better plan to tackle the wealth gap between Black and white Americans. “Wh...