TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Dado Ruvic | Reuters BEIJING — TikTok owner ByteDance has disbanded its invest...
Tag: business news
Genting Hong Kong files for liquidation amid German lawsuit
The Hong Kong skyline from on board the Genting Cruise Lines Genting Dream while berthed in Hong Kong on Wednesday, July 28, 2021. Lam Yik | Bloomberg | Getty Images Cruise operator Genting Hong Kong ...
Mastercard strikes NFT payments deal with Coinbase amid wave of crypto partnerships
A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. Dado Ruvic | Reuters Mastercard said Tuesday it inked a deal with Coinbase, the la...
U.S. companies are expecting to pay an average 3.4% raise to workers in 2022
U.S. employers expect to pay an average 3.4% raise to their workers in 2022, according to a Willis Towers Watson survey. That projected wage growth is faster than actual raises paid in the prior two y...
Political setbacks diminish India PM Modi’s strongman image
Indian Prime Minister Narendra Modi addresses a public meeting at Jerenga Pathar in the Sivasagar district of India’s Assam state on Jan. 23, 2021. Biju Boro | AFP | Getty Images Indian Prime Mi...
Activision Blizzard, Goldman Sachs, Peloton, Moderna and more
A Peloton office sign is seen near a person riding a bicycle as the city moves into Phase 3 of re-opening following restrictions imposed to curb the coronavirus pandemic on July 16, 2020 in New York C...
SoFi stock soars after clearing final regulatory hurdle to become bank
Anthony Noto CEO of SoFi at the newly named SoFi Stadium under construction in Los Angeles. Stephen Desaulniers | CNBC Shares of SoFi rallied as more than 16% in after-hours trading on Tuesday followi...
I can’t recommend Wheels Up since it’s unprofitable
Covetrus: “I want you to do that. I actually think this group is so oversold. You know we had Zoetis on last week. I think animal health is here to stay. I don’t know if you saw Petco, how...
Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses
People walk along Wall Street in the rain on July 08, 2021 in New York City. Spencer Platt | Getty Images Wall Street firms are playing catch up with employee compensation, boosting pay in the second ...
Goldman Sachs shares are a ‘steal’ after post-earnings dip
CNBC’s Jim Cramer said Tuesday he feels Wall Street’s reaction to Goldman Sachs’ fourth-quarter earnings miss was overblown, creating a buying opportunity for investors. “Go ah...
Stock futures are flat after sell-off on Wall Street, more bank earnings ahead
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Tuesday foll...
Foreign airlines cancel some U.S. flights despite 5G deal
A Japan Airlines (JAL) passenger plane (R) taxis past another from All Nippon Airways (ANA) at Tokyo’s Narita International Airport in Narita, Chiba Prefecture on July 18, 2021. David Gannon | A...
Some Americans blocked from ordering Biden’s free Covid tests in early website launch
Take home COVID-19 self testing kits provided by the District of Columbia government, which provides city residents four free take home tests per day, are seen in this illustration taken January 11, 2...
Companies hit record $14.5 billion in 2021
A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Private investment in space companies last year set a record, according to a report Tuesday by New York-based firm Space Capital. Space ...
Peloton hires McKinsey to review cost structure as equipment sales slow
Peloton is working with management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. The possible job cuts were discussed in a rec...
WHO says omicron won’t be last Covid variant as global cases surge by 20% in a week
Maria Van Kerkhove, Technical Lead of the World Health Organization (WHO) Health Emergencies Programme attends a news conference on the outbreak of the coronavirus disease (COVID-19) in Geneva, Switze...
WHO says there’s no evidence healthy children, adolescents need Covid boosters
World Health Organization (WHO) Chief Scientist Soumya Swaminathan attends a press conference organised by the Geneva Association of United Nations Correspondents (ACANU) amid the COVID-19 outbreak, c...
AT&T delays 5G rollout near some airports after airlines warned of cancellations
A Southwest Airlines plane approaches to land at San Diego International Airport as U.S. telecom companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on air...
NYC Mayor says city is winning the war against omicron as cases dip
Mayor Eric Adams makes an announcement and holds media availability at Elmhurst hospital. Mayor announced three-point plan to support hospitals as Omicron variant cases of COVID-19 continue to surge. ...
The Biden administration says it’s in talks to prevent flight disruptions over 5G rollout
A commercial aircraft approaches to land at San Diego International Airport as U.S. telecom companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on aircraft...
Oil is at a 7-year high, but Exxon CEO Darren Woods sees lower trend
Darren Woods, CEO, ExxonMobil Michael Newberg | CNBC Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Wo...
China’s digital yuan notches $8.3 billion transactions in half a year
A sign for China’s digital currency, the electronic Chinese yuan (e-CNY) is displayed at a shopping mall in Shanghai on March 8, 2021. STR | AFP | Getty Images BEIJING — In a country where consu...
UK launches crackdown on ‘misleading’ cryptocurrency ads
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jak...
Alibaba, Citrix, 23andMe and others
Check out the companies making headlines before the bell: Alibaba (BABA) – Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the China-based company...
Goldman earnings 4Q 2021
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is sch...
Covid could be turning kids into ‘fussy eaters’ due to loss of smell
A child wears a KN95 protective mask for kids arranged in Hastings-on-Hudson, New York, U.S., on Thursday, Jan. 13, 2022. Tiffany Hagler-Geard | Bloomberg | Getty Images Children who have recovered fr...