Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup. Mich...
Tag: business news
Retail sales December 2021:
Retail sales fell much more than expected in December as surging prices took a big bite out of spending, the Commerce Department reported Friday. The advance monthly sales report to close out the year...
Stocks making the biggest moves premarket: BlackRock, Wells Fargo, Sherwin-Williams
Check out the companies making headlines before the bell: BlackRock (BLK) – BlackRock earned an adjusted $10.42 per share for the fourth quarter, beating the consensus estimate of $10.16, although rev...
Wells Fargo WFC earnings Q4 2021
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo shares rose on Friday after the bank posted quarterly revenue that exceeded anal...
JPM earnings 4Q 2021
JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase post...
Australia cancels Novak Djokovic’s visa for the second time
Novak Djokovic of Serbia celebrates winning against Marin Cilic of Croatia in match 2 of the Davis Cup Semi Final at Madrid Arena on December 3, 2021. Sanjin Strukic | Pixsell | MB Media | Getty Image...
Citi to sell consumer banking operations to UOB in Malaysia, Indonesia
A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Victor J. Blue | Bloomberg | Getty Images Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam...
December trade data, imports and exports
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s exports grew slightly more than expected in December, while imports rose less than expe...
Biden to nominate Sarah Bloom Raskin as vice chair for supervision at Fed
Sarah Bloom Raskin, in her role as Deputy Treasury Secretary at the Treasury Department in Washington, October 2, 2014. Yuri Gripas | Reuters President Joe Biden will nominate Sarah Bloom Raskin to be...
Third wave is expected to slow near-term economic growth
Covid lab technicians in India on Friday Jan. 7, 2022. Bloomberg | Bloomberg | Getty Images India is experiencing a third wave of Covid infections — while its overall impact is expected to be less dis...
Crypto exchange Gemini pushes into wealth management with acquisition of BITRIA
David Abner, Gemini’s Global Head of Business Development. Source: David Abner Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset...
Mastercard CEO says spending trends look ‘relatively positive’ in 2022
Consumer spending trends look “relatively positive” so far this year, Mastercard CEO Michael Miebach told CNBC on Thursday, following strong holiday numbers. Miebach’s comments in an...
Stock futures are flat ahead of major bank earnings
U.S. stock index were little changed during overnight trading on Thursday, ahead of earnings from the major banks on Friday. Futures contracts tied to the Dow Jones Industrial Average advanced 29 poin...
‘Scream’ looks to draw in young horror fans, jumpstarting 2022 box office
Still from “Scream.” Paramount Pictures The latest installment in the “Scream” franchise opens this weekend to a movie theater industry threatened by a rapid rise in coronaviru...
Fed’s Harker calls for ‘action on inflation,’ sees 3 or 4 rate hikes
Philadelphia Fed President Patrick Harker said Thursday he foresees three or four interest rate hikes this year as likely to fight inflation. His thinking, outlined in a live interview on CNBC’s...
Why used car prices are pushing inflation higher
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images Despite President Joe Biden’s upbeat comments on w...
Biden says U.S. to provide high quality masks for free to Americans
US President Joe Biden holds up a KN95 mask as he delivers an update on his Administrations whole-of-government COVID-19 surge response at the White House in Washington, DC, on January 13, 2022. Jim W...
Ford, Snap, Virgin Galactic and more
Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, March 29, 2021. Rebecca Cook | Reuters Check out the companies making headlines in...
Databricks launches Lakehouse for Retail as CEO focuses on growth
Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019. David Paul Morris | Bloomberg | Gett...
Ford’s market cap tops $100 billion for first time ever
Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor’s market value toppe...
Delta CEO says 8,000 employees have tested positive for Covid in last 4 weeks
A Delta Air Lines employee works on the departures level at Los Angeles International Airport (LAX) on August 25, 2021 in Los Angeles, California. Mario Tama | Getty Images Delta Air Lines CEO Ed Bast...
‘Green’ fuels more expensive but need to think long term: Maersk CEO
The container ship MORTEN MÆRSK heading to Hamburg on April 22, 2020. eyewave | iStock Editorial | Getty Images The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to ̶...
Biden deploys military medical personnel to hospitals in six states
A soldier transports a patient at UMass Memorial Medical Center in Worcester, Massachusetts on December 30, 2021. Joseph Prezioso | AFP | Getty Images President Joe Biden on Thursday will announce the...
Delta Air Lines, Moderna, Virgin Orbit and others
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares rose 2.2% in the premarket after the airline beat top and bottom-line estimates for the fourth quarter. D...
Virgin Galactic stock falls after plans to raise $500 million in debt
Spacecraft VSS Unity lands on the runway at Spaceport America in New Mexico after the company’s fourth spaceflight test on July 11, 2021. Virgin Galactic Shares of Virgin Galactic fell in tradin...
Delta Air Lines (DAL) earnings 4Q 21
A Delta airlines aircraft landing from Los Angeles at Kingsford Smith International airport on October 31, 2021 in Sydney, Australia. James D. Morgan | Getty Images Delta Air Lines said Thursday that ...
Omicron will challenge Hong Kong’s zero-Covid policy: Ex-U.S. diplomat
The highly transmissible omicron variant is going to be a “very difficult challenge” for Hong Kong as the city sticks to its zero-Covid policy, a former U.S. diplomat told CNBC. There will...