Disney character doll sisters, Elsa and Anna of Arendelle, from the Disney movie Frozen. Catherine Lane | Getty Images Mattel shares jumped Wednesday after the toy manufacturer said it won the license...
Tag: business news
Tech, gambling, alcohol helped NFL earn almost $2 billion in sponsorships
The National Football League is nearing $2 billion in partnership fees, the most in professional sports. Agreements from betting firms and technology companies helped the NFL lure a record $1.8 billio...
Coinbase rival FTX U.S. valued at $8 billion in first funding round
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images FTX U.S., the American affiliate of cryptocurrency e...
Chinese companies boost overseas investment in consumer products, EV supply chain
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there...
Bentley to invest $3.4 billion to exclusively offer EVs by 2030
A rendering of Bentley’s new electric vehicle production operatins in Crewe, England. Bentley Bentley Motors plans to spend 2.5 billion pounds (about $3.4 billion) over the next decade to become...
Covid vaccine skepticism fueling wider anti-vax sentiment, doctors say
Protestors demonstrate against Covid vaccine mandates outside the New York State Capitol in Albany, New York, on January 5, 2022. Mike Segar | Reuters Skepticism toward Covid-19 vaccines could be fuel...
Klarna launches physical card in the UK
LONDON — Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The company on Wednesday announced the launch of Klarna Card, a Visa car...
what it means for investors, start-ups
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Inv...
Walmart makes an investment in vertical farming start-up Plenty
Plenty uses vertical farming to grow a high volume of leafy greens year-round. It plans to use the technology to grow other crops, including strawberries and tomatoes. Photo: Spencer Lowell for Plenty...
Plans for floating wind energy projects off U.K.’s coastline get funding boost
This image, from 2018, shows a floating wind turbine in waters off the coast of France. SEBASTIEN SALOM GOMIS | AFP | Getty Images Eleven projects centered around floating wind technology are a step c...
Real estate billionaire Sam Zell says office space will recover ‘much faster’ than retail
Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, property billionaire Sam Zell told CNBC on Tuesday. “Everything between the top m...
The next Covid variant will be more contagious than omicron, WHO says
RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Ge...
Union Pacific is best railroad stock to own in this market
CNBC’s Jim Cramer said Tuesday he prefers Union Pacific over industry peer CSX, suggesting investors who want to own a railroad stock go with the Nebraska-based operator. “Don’t let ...
3M, Johnson & Johnson, General Electric and more
Take a look at some of the biggest movers in the premarket: 3M (MMM) – 3M rose 1.9% in the premarket after reporting quarterly earnings of $2.31 per share, 30 cents a share above estimates. Revenue al...
I still believe in Cleveland-Cliffs
Schrodinger: “I don’t know. It seems low enough. I know the Bill and Melinda Gates Foundation own it, but the problem is Cathie Wood owns it [for] ARK. When things are good, that’s f...
SEC chair eyes tougher cyber rules to protect investors against hackers
SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington. Evelyn Hockstein-Pool/Getty Images Securities and Exchange Co...
Supply chain woes still held back 3Q sales
Logitech’s better-than-expected quarterly results may have been stronger without the ongoing supply chain challenges, CEO Bracken Darrell told CNBC’s Jim Cramer on Tuesday. “We could...
Berkshire Hathaway’s annual meeting — Buffett’s ‘Woodstock for Capitalists’ — set to return in person after 2 years virtual
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway said Tuesday its annual shareholders meeting will be held in...
Market being dragged down by 2021’s flurry of IPOs, SPACs
CNBC’s Jim Cramer on Tuesday lamented the flurry of companies that went public in 2021 through traditional IPOs and SPAC deals, suggesting that it’s playing a role in Wall Street’s w...
Stock futures are little changed after another wild ride on Wall Street, Fed meeting in focus
Stock futures were little changed Tuesday night, following another wild session for the market. Dow Jones Industrial Average futures dipped 2 points, or less than 0.1%. S&P 500 futures rose margin...
Drop bitcoin as legal tender, IMF urges El Salvador
A woman vends by a sign that reads, “Bitcoin accepted here”, outside a store where the cryptocurrency is accepted as a payment method in San Salvador, El Salvador September 24, 2021. Jose ...
Retailers’ average return rate jumps to 16.6% as online sales grow
Miami, Doral, IKEA exchange and returns elevators. Jeff Greenberg | Universal Images Group | Getty Images As shoppers buy more online during the pandemic, they are also returning a larger portion of c...
Microsoft, F5, Navient & more
Microsoft CEO Satya Nadella speaks at Microsoft Developer Day in Singapore on May 27, 2016. Charles Pertwee | Bloomberg | Getty Images Check out the companies making headlines after the bell Tuesday: ...
American Express, General Electric, IBM and more
Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. General Electric — Shares fell 6% after the company missed revenue estimates for the fiscal fourth qu...
42.7 million people watch Chiefs win over Bills
Kansas City Chiefs tight end Travis Kelce (87) reaches for the game winning reception over Buffalo Bills outside linebacker Matt Milano (58) during the AFC Divisional Round playoff game on January 23r...
OSHA withdraws rule for businesses after losing Supreme Court case
The Biden administration is formally withdrawing its vaccine and testing mandate for businesses, after the Supreme Court blocked the requirements earlier this month. The Occupational Safety and Health...
McKinsey calculates capital spending required to reach net-zero by 2050
A wind farm shares space with corn fields in Latimer, Iowa, U.S. Jonathan Ernst | Reuters As the world grapples with a worsening climate change crisis, governments and companies are pledging to achiev...
Tom Brady says family will play big role in whether he retires or returns to the NFL
Tom Brady #12 of the Tampa Bay Buccaneers celebrates with Gisele Bundchen after winning Super Bowl LV at Raymond James Stadium on February 07, 2021 in Tampa, Florida. Kevin C. Cox | Getty Images Recor...
Macellum asks for Kohl’s board seat and for Kohl’s to explore a sale
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now i...
Airbus to rent out its giant Beluga aircraft in bet on air cargo boom
An Airbus Beluga transport aircraft takes off from the Airbus plant in Hamburg-Finkenwerder. Marcus Brandt | picture alliance | Getty Images Airbus on Tuesday said it is renting out its giant Beluga a...