The global outdoor apparel market is a $12 billion industry. For more than a half century The North Face has competed in the space, outfitting mountain climbers and skiers. But the outdoor recreation ...
Tag: business news
Jim Cramer discusses the Tuttle Capital Short Innovation ETF
CNBC’s Jim Cramer on Thursday highlighted an exchange-traded fund that’s seeking to benefit from the weakness in formerly high-flying growth stocks that have struggled as the Federal Reser...
Southwest weighs bringing onboard booze back this spring
Seen reflected through a double window, a Southwest Airlines airplane taxies from a gate at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland. Kev...
Dow futures rise 200 points as market set to wrap up a wild week, Apple shares pop
Stock futures rose in overnight trading Thursday, boosted by a jump in Apple shares, as Wall Street looks to wrap up a roller-coaster week on a high note. Futures on the Dow Jones Industrial Average g...
Robinhood wants to make stock trading available more hours of the day with ‘hyper-extended hours’
Photo Illustration by Pavlo Gonchar SOPA Images | LightRocket | Getty Images Robinhood is planning to roll out a feature to let its millions of clients trade stocks well outside of normal market hours...
Home Depot names company veteran Ted Decker as CEO
A Home Depot store is seen in Washington, DC, on August 18, 2020. NICHOLAS KAMM | AFP | Getty Images Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, ef...
Robinhood, Apple, Visa and more
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. ...
Elon Musk’s SpaceX planning for record 52 launches in 2022
A Falcon 9 rocket launches the GPS III SV05 satellite on a mission for the U.S. Space Force on June 17, 2021. SpaceX Elon Musk’s SpaceX broke its own annual orbital launch record last year, and ...
Robinhood shares tank 15% after it loses users, forecasts weak revenue
Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Stock-trading app Robinhood gave a bleak revenue forecast for the first quarter ...
Why the stock market hates the idea of rising interest rates
Traders work on the floor of the New York Stock Exchange at the opening bell Jan. 25, 2022. TIMOTHY A. CLARY | AFP | Getty Images The specter of rising interest rates is spooking the stock market. The...
Supreme Court Justice Ruth Bader Ginsburg book nets $100,000 at auction
Supreme Court Justice Ruth Bader Ginsburg participates in a discussion during the Library of Congress National Book Festival at the Walter E. Washington Convention Center on Saturday, August 31, 2019....
Here’s what to consider before taking a pay cut
Drakula & Co. | Moment | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs ami...
WeTransfer cancels IPO due to stock market volatility
The WeTransfer logo on a smartphone. Gabby Jones | Bloomberg via Getty Images LONDON — The stock market has gotten a little too volatile for WeTransfer’s liking. The Dutch file-sharing company s...
Kansas City Chiefs fans donate to Buffalo children’s hospital after win over Bills
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri....
McDonald’s, Blackstone, Netflix and others
Check out the companies making headlines before the bell: Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with...
Tesla stock drops 8% as investors digest new vehicle delays
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA ...
The manager of 2021’s top-performing hedge fund on his winning GameStop trade and lessons from it
(Click here to subscribe to the new Delivering Alpha newsletter.) On this day last year, investors watched in amazement as GameStop shares surged to a record high of $347.51. The stock had skyrocketed...
Covid rules are being dropped in Europe despite high omicron spread
People have drinks at a bar along the Rembrandtplein as cafes and restaurants reopened following the relaxation of the Covid-19 measures, in Amsterdam on January 26, 2022. The Netherlands lifted some ...
The fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet
NurPhoto | NurPhoto | Getty Images One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An ...
Italian space company D-Orbit going public via Nasdaq SPAC
An artist’s rendition of an ION spacecraft deploying satellites in orbit. D-Orbit Italian space transportation and services company D-Orbit announced Thursday plans to go public via a SPAC, in a...
Populist nations fared much worse during Covid outbreak, research says
Viktor Orban, Hungary’s prime minister, delivers a speech at the Fidesz party headquarters in Budapest, Hungary, on April 8, 2018. Akos Stiller | Bloomberg via Getty Images Risk of death from Co...
EV manufacturing jumps in UK, overall production sinks to 65-year low
A Nissan Leaf on the forecourt of a dealership in Lincoln, U.K. Chris Ratcliffe | Bloomberg | Getty Images Car production in the U.K. slumped by 6.7% to just 859,575 units in 2021, new figures publish...
MLB lockout talks progress, but clock ticks as spring training nears
Los Angeles Dodgers center fielder Cody Bellinger (35) steals second base as St. Louis Cardinals second baseman Tommy Edman (19) takes the late throw at Dodger Stadium in the 2021 National League Wild...
GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread
The U.S. economy grew at a much better than expected pace to end 2021 though the acceleration likely tailed off as the omicron spread put a damper on hiring and further hindered the global supply chai...
Southwest Airlines says omicron will drive a loss in the first quarter, but expects 2022 profit
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines expects to lose money in the first quarter after the omicron variant of Covid-19 hurt staffing and bookings, but it said profits are ...
US wave energy projects get funding boost as plans for open-water testing take shape
lindsay_imagery | E+ | Getty Images The U.S. Department of Energy has announced $25 million in funding for eight projects focused on wave energy technologies. The DOE said the projects will be based o...
McDonald’s (MCD) Q4 2021 earnings miss estimates
Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Thursday reported qu...
US and Europe must help Afghanistan humanitarian crisis
Former U.K. prime minister and current U.N. special envoy for global education, Gordon Brown, told CNBC that the world must come together to find the $4.4 billion needed to address the humanitarian cr...
IMF sees potential for further market turbulence as central banks hike rates
The International Monetary Fund has warned of further turbulence ahead for financial markets, particularly as governments around the world shift gears into recovery mode. Central banks’ moves to...
Deutsche Bank earnings Q4 2021
Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Krisztian Bocsi | Bloomberg | Getty Images LONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the...