Indian education technology start-up Byju’s will not renew its jersey sponsorship deal with India’s cricket team, the company’s co-founder Divya Gokulnath, told CNBC. In a wide-rangi...
Tag: business news
One of the UK’s largest unions announces 10 more days of strikes
COVENTRY, U.K. – Dec. 21, 2022: Unite union general secretary Sharon Graham (centre), joins ambulance workers on the picket line outside ambulance headquarters in Coventry. On Friday, Jan. 20, U...
Tesla shareholder Tencent backs Elon Musk despite Twitter distraction
A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billio...
FAA contractor unintentionally deleted files before outage that disrupted flights
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Ima...
China’s reopening ‘good news’ for growth — but could be inflationary, economists warn at Davos
China’s reopening has been one of the most discussed topics at the World Economic Forum in Davos. Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — China’s economic reopening might...
Cramer’s lightning round: I like ABM Industries
Dow Inc: “I want you to hold on. … Keep it at a 5% yield, buy some more if it goes 5.5%.” ABM Industries Inc: “Talk about a boring facilities management company that I like so ...
Netflix, Alphabet, Nordstrom, PagerDuty and more
A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell. Justin Sull...
IMF’s Georgieva and ECB’s Lagarde discuss the future of global growth at Davos
[The stream is slated to start at 5 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Geoff Cutmore, top business leaders and policymakers disc...
Top business leaders and policymakers discuss monetary policy at the World Economic Forum
[The stream is slated to start at 3 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Joumanna Bercetche, top business leaders and policymakers...
Crypto lender Genesis Trading files for bankruptcy protection
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the lates...
Binance was final destination for millions in funds from Bitzlato
Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Federal prosecutors unsealed an indictment again...
Too soon to buy video game stocks like Activision and Take-Two
CNBC’s Jim Cramer on Thursday warned investors not to pick up beaten-up shares of video game companies like Activision Blizzard and Take-Two Interactive Software just yet. “I’m not s...
Jim Cramer says an ‘obsession’ with mega-cap tech names is overshadowing a bull market
CNBC’s Jim Cramer on Thursday said that the carnage in tech stocks is concealing a bull market in other names. “We had a very traditional bull market based on the dollar and interest rates...
Netflix rivals like Disney are comrades in fight against slow growth
For the past three years, the global media and entertainment industry has been defined by the streaming wars. Each media company created a streaming service to compete. Only the strongest would surviv...
Disney could use an activist investor like Nelson Peltz
An activist investor like Trian Partners’ Nelson Peltz on Walt Disney ‘s (DIS) board could help prod the entertainment conglomerate to address its financial woes and implement much-needed ...
Stocks making the biggest moves after hours: Netflix, Nordstrom and more
Check out the companies making headlines in midday trading. Netflix – Shares of Netflix jumped 6.3% after the company’s per-share earnings came short of analysts’ expectations. Nevertheles...
Fed Governor Lael Brainard sees high rates ahead even with progress on inflation
Lael Brainard, vice chair of the US Federal Reserve, during a University of Chicago Booth School of Business event in Chicago, Illinois, US, on Thursday, Jan. 19, 2023. Jim Vondruska | Bloomberg | Ge...
Nordstrom sinks after retailer posts weak holiday sales
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Shares of Nordstrom fell Thursday, after the department store chai...
Vice Media restarts sale process at lower valuation
Vice Media offices display the Vice logo in Venice, California. Mario Tama | Getty Images Vice Media is restarting its sale process after earlier interested bidders balked at the initial price tag, ac...
Netflix’s Reed Hastings is giving up CEO role
Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Wolter Peeters | Fairfax Media | Getty Images Netflix’...
Norwegian Cruise Line, Allstate, Roblox and more
A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies ma...
LIV Golf reaches broadcast rights deal with CW Network
Signage on a golf ball at the LIV golf tournament on Thursday, Sept. 15, 2022, at Rich Harvest Farms in Sugar Grove, Illinois. Brian Cassella | Tribune News Service | Getty Images LIV Golf reached a m...
Alec Baldwin to be charged in fatal ‘Rust’ shooting
Alec Baldwin will be criminally charged by New Mexico prosecutors for the 2021 fatal shooting of cinematographer Halyna Hutchins on the set of the film “Rust,” authorities said Thursday. B...
P&G’s upbeat take on economy makes company more attractive in 2023
The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar abating — comments that only reinforce our view tha...
Netflix (NFLX) earnings Q4 2022
Sopa Images | Lightrocket | Getty Images Are consumers gravitating towards Netflix‘s new ad-supported service? Shareholders are hoping the streamer sheds light on the new plan during its fourth-...
Push for more stable revenue streams has worked
Morgan Stanley ‘s (MS) multiyear transformation plan has been a success, CEO James Gorman said with pride Thursday — and, as shareholders, we see no reason to disagree. “We’ve steadi...
Tennis Channel to air Major League Pickleball tournament matches
The Tennis Channel is embracing pickleball. Major League Pickleball announced Thursday the cable channel will broadcast the league’s premier level tournament semifinals and finals in Mesa, Arizo...
Why overconfidence bias may cost investors
Prasit Photo | Moment | Getty Images Your investment ego may be costing you big bucks. “Overconfidence bias” is the behavioral principle of overestimating one’s financial acumen. And...
Why it’s a hybrid and not an all-electric car
DETROIT – General Motors’ future may be in all-electric vehicles, but it still needs its current models to pay the bills to allow it to invest in those new products. That’s one of the reas...
Snow forces Britain’s Manchester Airport to shut runways
MANCHESTER, UNITED KINGDOM – JANUARY 28: A passenger aircraft landing at Manchester International Airport approaches the runway on 28 January, 2008, Manchester, England. Christopher Furlong | Ge...
Hertz, Denver partner on a broad electric vehicle and charging program
Hertz is teaming up with the city of Denver — and soon, it hopes, with other cities — to build out its charging infrastructure to support the ongoing transition to electric vehicles. The partnership i...