Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations while raising its outlook, as the company touted its success in clearing through its hefty inventory pile...
Tag: business news
Jim Cramer says these 7 stocks will be winners in 2023
CNBC’s Jim Cramer on Tuesday gave investors a list of stocks that he believes will perform well next year. Here is his list. Eli Lilly Humana Johnson & Johnson Caterpillar Deere TJX Companie...
One Trump tax return was audited by IRS audit, report says
Only one of Donald Trump‘s annual federal income tax returns began being audited by the IRS when he served as president, despite the agency having a policy dating to 1977 of conducting mandatory...
NFL nearing rights deal with Google’s YouTube TV for Sunday Ticket
New England Patriots tight end Hunter Henry (85) celebrates his touchdown run against the Cleveland Browns during the third quarter at FirstEnergy Stadium, Oct. 16, 2022. Scott Galvin | USA Today Spor...
Jim Cramer says he likes these 3 financial stocks for 2023
CNBC’s Jim Cramer on Tuesday named three financial stocks he believes are worth buying. Stocks closed higher on Tuesday, snapping a four-day losing streak that had been driven in part by Wall St...
Target under pressure, hopes value-hungry shoppers come to the rescue
Target is stressing value this holiday season, as consumers feel pinched by inflation. At its store in New Jersey, signs that advertise low-priced items are more prominent than in previous years. Meli...
Dwayne Johnson says Black Adam 2 won’t be part of new DC movies phase
(L-R) Hiram Garcia and Dwayne Johnson attends the “Black Adam” premiere at Cine Capitol on October 19, 2022 in Madrid, Spain. Aldara Zarraoa | Wireimage | Getty Images A “Black Adam&...
Auto execs less confident in EV adoption amid economic fears: KPMG
A NYC charging station seen in the Yorkville neighborhood of New York City. Adam Jeffery | CNBC DETROIT — Global automotive executives are less confident about the rate of adoption of electric vehicle...
FedEx (FDX) earnings Q2 2023
FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and clos...
Porsche starts production of e-fuel that could provide gas alternative
Barbara Frenkel, member of the executive board for procurement at Porsche, (left) and Michael Steiner, member of the executive board for development and research fuel a 911 with e-fuel at a pilot plan...
Biden unveils stricter emissions rules for heavy-duty trucks
EPA Administrator Michael Regan gives remarks at an event on new national clean air standards for heavy-duty trucks near the U.S. Environmental Protection Agency Headquarters on December 20, 2022 in W...
JFK taxi dispatch system hacked, New York men arrested for conspiracy
Arriving passengers line up to get taxi outside of Terminal 4 at the JFK airport in New York. Jewel Samad | AFP | Getty Images Two New York men were arrested for conspiring with Russian nationals to h...
Postal Service to buy 66,000 electric vehicles to transform fleet
Three United States Postal Service (USPS) mail trucks are parked in front of the post office in Danville. On July 20, the USPS announced that at least 40 percent of its Next Generation Delivery Vehicl...
Marvel sequels are most anticipated movies of 2023: Fandango survey
Still image from Spider-Man Into The Spider-Verse Source: Sony Pictures Movie fans apparently can’t get enough of superheroes. A trio of upcoming Marvel movies − the newest installments of the G...
Treasury delays electric vehicle tax credit guidance until March
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht...
Marco Rubio and Ro Khanna say U.S. needs manufacturing investment
The exterior of the U.S. Capitol is seen at sunset in Washington, U.S., December 13, 2022. Sarah Silbiger | Reuters Sen. Marco Rubio, R-Fla., is vice chairman of the Senate Select Committee on Intell...
You can still reduce your 2022 tax bill with some last-minute moves
‘Take lemons and make lemonade’ with tax-loss harvesting With the S&P 500 Index down nearly 20% for 2022 as of midday Dec. 19, it may be a good time for tax-loss harvesting, which allo...
Inside a Malibu mansion on sale for $58.8 million
This $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. At 16,600 square feet, it’s the grandest single-structure residence in town and a whopping...
Hydrogen can help decarbonize the UK economy but isn’t panacea, MPs say
Hydrogen storage tanks photographed in Spain on May 19, 2022. Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Angel Garcia | Bloomberg | Getty Images Hy...
QuantumScape starts shipping EV battery prototypes
In this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Electric vehicle battery startup QuantumScape said Tu...
Lucid raises $1.5 billion from Saudi public wealth fund, others
Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business ...
Disney shares fall after ‘Avatar’ opening weekend comes in soft
Avatar: The Way of Water Courtesy: Disney Co. Shares of Disney dropped on Monday following a weaker-than-expected opening box office weekend for James Cameron’s “Avatar: The Way of Water.&...
Homebuilder sentiment falls again, but bottom may be near
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Homebuilders were less confident about their business in December, but they are starting to se...
Millionaires plan to cut their holiday spending due to inflation
American millionaires are trimming their holiday spending and becoming more budget-conscious as a result of inflation, a sign that spending cuts are now rising up the wealth ladder, according to a CNB...
Executives make media predictions for 2023
Back by popular demand (OK, fine, I just wanted to do this again), I asked a bunch of past and present media and entertainment executives to give me one significant and/or surprising industry predicti...
$134 million just misses expectations
Avatar: The Way of Water Courtesy: Disney Co. James Cameron’s “Avatar: The Way of Water” fell short of lofty box office expectations, but international ticket sales spark hope that t...
Millionaire investors haven’t been this bearish since 2008
Millionaire investors are betting on double-digit declines in stocks next year, reflecting their most bearish outlook since 2008, according to the CNBC Millionaire Survey. Fifty-six percent of million...
Kidults are the biggest sales driver for the toy industry
Disney’s Star Wars merchandise stuffed toys depicting Grogu character, commonly known as Baby Yoda. Chukrut Budru |Sopa Images | Lightrocket | Getty Images There are two things keeping the toy i...
Bill Gross says markets are headed for ‘potential chaos’ if interest rates keep going up
Famed investor Bill Gross said he expects big trouble ahead should the Federal Reserve keep hiking interest rates. “The economy has been bolstered by tremendous amounts of trillions of dollars i...
Gilead Sciences, Moderna, Tesla and more
A sign is posted in front of the Gilead Sciences headquarters on April 29, 2020 in Foster City, California. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday: Gene...