Former vice-presidential candidate Sarah Palin speaks while campaigning for U.S. Senate candidate Judge Roy Moore at the Historic Union Station Train Shed in Montgomery, Alabama, U.S., September 21, 2...
Tag: business news
What’s driving the spike in air rage incidents
There were more than 5,700 reports of air rage on U.S. airlines in 2021 compared with a typical year of about 100 to 150 cases. The surge in problem flyers is causing headaches for carriers, passenger...
Kohl’s, Snap, Peloton and more
Take a look at some of the biggest movers in the premarket: Kohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia R...
National Restaurant Association asks Congress for aid amid omicron
People dine at an outdoor dining patio set up at a restaurant on March 18, 2021 in New York City. Angela Weiss | AFP | Getty Images The National Restaurant Association is asking Congress to replenish ...
Ex-Goldman CEO Lloyd Blankfein says ‘crypto is happening’ despite plunge in digital assets
Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Michael Nagle | Bloomberg | Getty Images Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of crypto...
5 things to know before the stock market opens Monday, Jan. 24
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open lower after Nasdaq’s worst week since March 2020 Traders on the floor...
Kohl’s shares surge as takeover offers emerge, suitors include Sycamore
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s shares soare...
Ford Bronco Raptor SUV is a ‘desert-racing beast,” CEO says
2022 Ford Bronco Raptor Ford DETROIT – Ford Motor is expanding its Bronco SUV lineup to include a new Raptor model that will go on sale later this year starting at about $70,000. The 2022 Ford Bronco ...
Covid pandemic at a ‘critical juncture,’ WHO’s Tedros says
WHO Director-General Tedros Adhanom Ghebreyesus speaks during a press conference on December 20, 2021 at the WHO headquarters in Geneva Fabrice Coffrini | AFP | Getty Images The Covid-19 pandemic is a...
China’s consumers spent $73.6 billion on luxury goods at home in 2021
Consumers linger outside a Haikou duty free shop at Riyue Square, Haikou City, Hainan Province, China, on September 2, 2021. Wang Jianfeng | Future Publishing | Getty Images BEIJING — Chinese consumer...
China zero-Covid lockdowns, CNY holiday impact supply chains, ports
Streets in Tianjin, China, empty out on Jan. 10, 2022, as the city enters partial lockdown following a spike in omicron cases. Geno Hou | Future Publishing | Getty Images Covid lockdowns, quarantines ...
Activist investor Blackwells to call on Peloton to fire CEO, explore sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images An activist is pushing Peloton to fire its chief executive officer and consider a sale as it...
Stock futures rise slightly following S&P 500’s worst week since March 2020
Trader on the floor of the NYSE, Jan. 21, 2022. CNBC Stock futures rose slightly in overnight trading Sunday, following the S&P 500’s worst week since March 2020, as investors awaited more c...
Peloton’s brand gets slammed again after an unfavorable portrayal in ‘Billions’
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images War...
Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
U.S. Federal Reserve Board Chairman Jerome Powell attends his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022. ...
Lab-grown meat start-ups hope to make strides in 2022
Josh Tetrick, co-founder and CEO of cultivated meat start-up Eat Just, has a vision: He imagines a day when meat grown in a lab is available everywhere from Michelin-star restaurants to street vendors...
Behind GM, Ford’s new EV strategy is old-time financing: Cash
The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan, September 16, 2021. Rebecca Cook...
Why Moderna, Pfizer and the NIH debate who owns the Covid vaccine
It’s been well over a year since a landmark proposal brought the issue of patent waiver for the mRNA Covid vaccine to the spotlight. But many observers don’t see that waiving the intellect...
Charts suggest S&P 500 may struggle through early February
CNBC’s Jim Cramer said Friday that technical analysis of Wall Street’s so-called fear gauge indicates the S&P 500 faces a challenging outlook in the near term. “The charts, as in...
GoodRx is in a ‘no-fly zone’
AT&T: “Let me tell you how I feel about AT&T: I don’t hate it anymore.” GrowGeneration: “Very, very rarely do I ever say this. It’s a stock whose time has come an...
Jim Cramer says he’d buy Disney after shares slid on Netflix news
CNBC’s Jim Cramer said Friday he views the sell-off in Disney as a buying opportunity for investors. Shares of the media and entertainment giant fell 6.94%, hitting a fresh 52-week low during th...
You want to own ‘great American companies, not junk’
CNBC’s Jim Cramer on Friday looked ahead to next week’s pivotal market events, including a busy slate of corporate earnings reports and a meeting of the Federal Reserve’s policymakin...
Buffett’s MidAmerican Energy plans $3.9 billion wind, solar project
This image from 2016 shows a wind turbine on property used by MidAmerican Energy’s Eclipse Wind Farm in Adair, Iowa. Daniel Acker | Bloomberg | Getty Images A subsidiary of Warren Buffett’...
Tom Cruise’s ‘Mission Impossible 7’ and ‘8’ have been delayed
Tom Cruise runs along Blackfriars Bridge in London, during filming for “Mission Impossible 6.” Victoria Jones – PA Images The Tom Cruise led “Mission Impossible 7” is mov...
Netflix, Peloton, Disney and more
Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day s...
Two years since Covid was first confirmed in U.S., the pandemic is worse than anyone imagined
People wait in line to be tested for COVID-19 at Union Station on January 7, 2022 in Los Angeles, California. Mario Tama | Getty Images A 35-year-old man returned to the U.S. from Wuhan, China on Jan....
Nike executive Larry Miller thankful family of man he killed forgives him
Nike executive Larry Miller, who kept his past secret for more than 50 years, told CNBC that he’s thankful the family of a man he killed in 1965 when he was a teenager forgives him. Miller, form...
Central banks asleep at the wheel as inflation spirals, Brazils Guedes
Brazil’s economic minister warned Friday that Western central bankers are “sleeping at the driving wheel” as economies slip deeper into a high inflation environment. Speaking to CNBC...
China’s zero-Covid policy a burden to domestic and global economy
The International Monetary Fund’s managing director said Friday that China’s zero-Covid policy is increasingly looking like a “burden,” which is impinging economic recovery bot...