A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage interest rates fell for the third straight week, while...
Tag: business news
First Rocket Lab U.S. launch is a success after NASA delays
The company’s Electron rocket lifts off from LC-2 at NASA’s Wallops Flight Facility in Virginia on Jan. 24, 2023. Brady Kenniston / Rocket Lab Rocket Lab‘s first U.S. launch got off ...
Boeing (BA) earnings Q4 2022
Boeing posted a $663 million loss for the fourth quarter as supply chain issues weighed on results despite a rebound in aircraft sales and deliveries that drove up revenue. Airlines and aircraft manuf...
Inflation is cooling, but high prices will stick around
A shopper checks out the egg section at the Publix at Winter Park Village, Tuesday, Jan. 17, 2023. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Inflation may be cooling. But, f...
Rupert Murdoch calls off proposed Fox-News Corp merger
Rupert Murdoch has withdrawn his proposal to re-combine Fox Corp and News Corp. Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son and Fox CEO Lachlan Murdoch that &#...
F1 sends incendiary letter to FIA after ‘inflated price tag’ claim
Formula One bosses have accused FIA president Mohammed Ben Sulayem of “unacceptable” interference in the alleged sale of the sport. After reports of a $20 billion (£16.3 billion) Saudi Ara...
Tesla plans to spend $3.6 billion more on manufacturing in Nevada
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company sa...
Amicus Therapeutics is an ideal spec
Inmode Ltd: “It sells for incredibly cheap. … Frankly, I don’t get it, and that makes me want to look more into it, not just say buy.” Exact Sciences Corp: “They’re...
Jim Cramer says to consider an analyst’s call timeframe when investing
CNBC’s Jim Cramer on Tuesday reminded investors to pay close attention to the scope of an analyst’s calls. “In the crazy world of Wall Street, it’s not enough to think about th...
Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more
A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022. David Ryder | Bloomberg | Getty Images Check out the companies making ...
Wells Fargo gives a bullish endorsement to beleaguered Disney
Wells Fargo on Tuesday said it expects Walt Disney (DIS) to “come out swinging” when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we&#...
Walmart raises minimum wage as retail labor market remains tight
An employee arranges beauty product gift boxes displayed for sale at a Wal-Mart Stores Inc. location in Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart said Tuesday it is...
FDA proposes new lead limits for baby food
Jgi/jamie Grill | Tetra Images | Getty Images The Food and Drug Administration proposed new limits Tuesday on lead in baby food, in an effort to reduce exposure to a toxin that can impair childhood de...
Danaher stock drop looks like a buy opportunity after a solid quarter
Life sciences and medical diagnostics company Danaher (DHR) reported better-than-expected earnings and revenue for the fourth quarter. We view the dip in the stock as unjustified and an opportunity. R...
Chewy Connect With a Vet faces regulatory hurdles, skeptical veterinarians
The Chewy.com application is displayed in the on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Chewy, the e-commerce pet-goods giant best known for its convenient auto-ship services and ge...
SpaceX completes Starship rocket test in prep for first orbital launch
Starship prototype 24 stacked on top of Super Heavy booster prototype 7 at the company’s facility near Brownsville, Texas on January 9, 2023. SpaceX SpaceX announced on Monday it completed a maj...
Sunrun, U.S. Bancorp, Alphabet, AT&T and more
Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Check out the companies making the biggest moves midday: News Co...
JPMorgan’s Kolanovic sees correction, hard landing
JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, tell...
BlockFi secret financials show $1.2 billion tie to FTX and Alameda
BlockFi logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on November 14, 2022. Jakub Porzycki | Nurphoto | Getty Imag...
Microsoft, Texas Instruments, Capital One & more
A building with offices belonging to Microsoft is seen in Chevy Chase, Maryland, January 18, 2023. Saul Loeb | AFP | Getty Images Check out the companies making headlines after the bell: Microsoft — ...
Lyft, 3M, Lululemon and more
A woman walks near a Bed Bath & Beyond branch on January 11, 2023 in New York City. Leonardo Munoz | View Press | Corbis News | Getty Images Check out the companies making headlines in midday trad...
Bed Bath & Beyond, Verizon, Lululemon and more
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines before the bell. Verizon — Verizon shares slippe...
Analyst sees market making a big mistake with the energy transition
The pace of change in the modern world is often rapid and dizzying. Technologies that seem integral to our lives can, in what feels like an instant, become redundant and irrelevant. Energy is one sect...
Islamic fintech Wahed opens physical bank branch in London
Islamic fintech startup Wahed has opened its first physical branch on Baker Street in London. The glossy retail location is designed to look like an Apple store. Wahed An investing platform backed by ...
Cramer says these 6 ‘positives’ could lift stocks in earnings season
CNBC’s Jim Cramer on Monday said that several elements could help propel stocks higher, even during what could be an ugly earnings season. Tuesday kicks off a new earnings season featuring some ...
Why investors should ignore crypto and stick with gold
CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoin‘s recent gains and instead look to gold. “The charts, as interpreted by Carley Garner, suggest y...
M&Ms pulls ‘spokescandies’ in the wake of right-wing outrage
Actor Maya Rudolph to replace M&Ms spokescandies. Source: Mars (L) | Getty Images (R) Candy maker Mars said Monday it is replacing its M&Ms “spokescandies” with actress Maya Rudolp...
Hate fast fashion? You can compost this new streetwear clothing line
Fast fashion is big business, but it is also a big polluter, responsible for about 10% of global carbon emissions. Roughly 70% of the $3 trillion fashion industry is comprised of articles made from sy...