[The stream is slated to start at 7:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Covid-19 pandemic sent the global economy into one of its worst recessions e...
Tag: business news
GM unveils new high-performance SUV
2023 Cadillac Escalade V-Series Cadillac DETROIT – General Motors will offer a new performance version of its flagship Cadillac Escalade SUV, adding to a growing lineup of high-power gasoline vehicles...
Banks close record number of branches in 2021, led by Wells Fargo
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digit...
Kids under 5 can’t get Covid vaccines. Doctors explain how to protect them during omicron
Students in the 5 day pre-K class at Immanuel Unite Church of Christ line up to go outside after helping to sort donated food items. Ben Hasty | MediaNews Group | Getty Images Covid hospitalizations a...
Goldman partners mint $15 million pay packages as boom times return
Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Bonus se...
Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs
A Peloton Bike Shannon Stapleton | Reuters Peloton shares are up more than 5% in trading Friday after the company said it’s resetting its production levels and considering layoffs in order to ma...
The dust has settled on COP26. Now the hard work begins
The COP26 climate summit, held in the Scottish city of Glasgow last year, made headlines around the world. After days of painstaking and at times fraught negotiations, countries agreed upon a deal whi...
Pacific Islands’ zero-Covid strategies unsustainable, professor says
People wearing face masks at a supermarket in Suva, Fiji, April 23, 2021. Xinhua News Agency | Getty Images Countries all over the world have seen Covid-19 cases surge since the emergence of the highl...
Judge blasts PG&E as ‘continuing menace’ over wildfires
People take part in an event to hand-deliver 100,000 public comments from Californians throughout the state calling on Governor Newsom to reject proposals that penalize consumers for putting solar pan...
NextEra Energy is a buy
NextEra Energy: “NextEra is the fastest growing utility. I think it’s terrific, and I actually would be a buyer here tomorrow morning.” Spero Therapeutics: “This is the height ...
Jim Cramer says the stock market is getting closer to forming a bottom
CNBC’s Jim Cramer said Thursday he believes the stock market is getting closer to reaching an investable bottom after a challenging start to the new year. The “Mad Money” host’...
Jim Cramer says these are his favorite bank stocks in 2022
CNBC’s Jim Cramer on Thursday reviewed the recent slate of major bank earnings and explained why his charitable investment trust is sticking with its ownership of Morgan Stanley and Wells Fargo....
Peloton CEO says company is taking ‘significant corrective actions’
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
Nasdaq 100 futures fall after Netflix’s earnings disappoint
U.S. stock index futures were lower during overnight trading Thursday following a disappointing earnings report from Netflix, building on the major averages’ declines during regular trading. Fut...
Stocks making the biggest moves after hours: Netflix, CSX & more
In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines ...
Peloton’s market value drops by $2.5 billion as shares close below IPO price
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael N...
Here are 3 things to know about unemployment claims
A job seeker receives information from a recruiter during a job fair in Miami, Florida, on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images The number of people filing for unemployment be...
GOP and Democratic governors reinstate Covid emergency orders to fight omicron surge
Ambulances outside University of Maryland St. Joseph Medical Center in Towson, Maryland, on Jan. 7, 2022. Karl Merton | Tribune News Service | Getty Images As Covid-19 cases surge across the nation, R...
Fed releases long-awaited study on a digital dollar, but doesn’t take a position yet on creating one
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty The Fe...
Peloton to pause production of its Bikes, treadmills as demand wanes
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton p...
Travelers, American Airlines, Signet Jewelers and more
Check out the companies making headlines before the bell: Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue ...
Tudor portfolio manager on where she’s finding alpha in the tech sector with rising rates
(Click here to subscribe to the new Delivering Alpha newsletter.) With the prospect of higher interest rates looming, 2022 has already been a tough year for the tech sector. The Invesco QQQ ETF has fa...
American Airlines London-bound flight turns back to Miami after passenger refuses to wear mask
An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines said a flight to London returned to Miami late Wednesday because a passenger refused to comply...
Marriott, Mastercard, Casper, Etsy and more
People walk in front of the entrance of the five-star Paris Marriott Hotel. Fred Dufour | AFP | Getty Images Check out the companies making headlines in midday trading. Marriott International — Shares...
Tom Cruise movie producers sign Axiom deal for space production studio
The Axiom space station, with the circular SEE-1 module attached, is seen in an artist’s rendition. Axiom Space The producers of Tom Cruise’s future space movie on Thursday announced plans...