The idea of a four-day or shorter workweek is gaining momentum worldwide — a big thanks to the remote work boom during the Covid-19 pandemic. A recent study from 4 Day Week Global, a nonprofit group t...
Tag: business news
Electric school buses give kids a cleaner, but costlier, ride
BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar...
Inflation backdrop may increase appetite for this roughed-up bond play
The appetite for Treasury inflation-protected securities ETFs, otherwise known as TIPS, may soon increase. According to Charles Schwab’s D.J. Tierney, these investments are becoming more appeali...
Netflix, Lululemon, DocuSign and more
SOPA Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday: Lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expecte...
Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling
Wholesale prices rose more than expected in November, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies ...
What a Santa Claus rally means for investors
Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on Dec. 1, 2021 in New York. Bryan R. Smith | Afp | Getty Images If history is a guide, stock in...
Lululemon, Costco, Broadcom and others
Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon slid 7.1% in the premarket after the athletic apparel maker issued a weaker-than-expected outlook. Lululemon repo...
UK announces major overhaul of its financial sector in attempt to spur growth
One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures...
China is moving from Covid-zero but it won’t be straight path forward
Passengers wait to board a train at Hongqiao railway station in Shanghai on December 6, 2022. Hector Retamal | Afp | Getty Images BEIJING — As mainland China relaxes many of its stringent Covid contro...
Costco reports mixed quarter, but positive catalysts on the horizon
Costco Wholesale (COST) reported mixed fiscal first-quarter results after the closing bell Thursday, amid weaker consumer demand. But the Club continues to see the fundamentals of the business as soli...
Jim Cramer says he likes these 2 Covid-era winners that are making a comeback
CNBC’s Jim Cramer on Thursday offered investors a list of his favorite e-commerce stocks that have made a comeback since peaking during the height of the pandemic. “Most of the Covid stock...
Jim Cramer says the economy is stabilizing and can avoid a recession
CNBC’s Jim Cramer on Thursday said that the economy could be on pace for a soft landing, despite what Wall Street bears might believe. “It doesn’t have to be a recession. The economy...
Stocks making the biggest moves after hours: Lululemon, Costco and more
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making he...
Lululemon (LULU) earnings Q3 2022
People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News...
FTX CEO Sam Bankman-Fried hit with campaign finance complaint
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wedne...
Hasbro defends Magic: The Gathering strategy
A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. Photographer: Mark Abramson/Bloomberg v...
GameStop (GME) earnings Q3 2022
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday its fiscal third q...
Manhattan renters face sticker shock with average rent at $5,200
An “Apartments For Rent” sign outside a building in the East Village neighborhood of New York, U.S. Gabby Jones | Bloomberg | Getty Images Manhattan rents rose 2% in November, dashing hope...
Harry and Meghan lash out at UK media in new Netflix documentary
“Harry & Meghan” is one of a series of programs the pair is producing under a commercial deal with Netflix. Angela Weiss | Afp | Getty Images Prince Harry and Meghan Markle hit out at ...
Jim Cramer’s Investing Club meeting Thursday: Disney, Salesforce
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. DIS buying opportunity CR...
Ferrero to buy Halo Top owner Wells to further U.S. expansion
Halo Top pints of ice cream in Los Angeles, California. Kirk Mckoy | Los Angeles Times | Getty Images Candy maker Ferrero is buying Wells Enterprises, the ice cream giant that owns Blue Bunny, Blue Ri...
UK’s approval of new coal mine criticized as ‘deeply damaging mistake’
This image, taken in March 2021, shows the site where the new facility would be developed. Christopher Furlong | Getty Images News | Getty Images LONDON — Plans for a deep coal mine in the northwest o...
Amid inflation and market volatility, just 12% of adults feel wealthy
Inflation, geopolitical uncertainty and fears of a recession have undermined financial confidence across the board, according to a new report by Edelman Financial Engines. Less than one-quarter, or 23...
GameStop, Dexcom, Cano Health and more
Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday tr...
Kim Kardashian, Floyd Mayweather crypto scam lawsuit dismissed
Kim Kardashian attends the CFDA Fashion Awards in Manhattan, New York City, November 7, 2022. Andrew Kelly | Reuters A federal judge on Wednesday dismissed a proposed class action lawsuit by investors...
Used vehicle demand and prices continue to decline from record highs
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached thei...
FTX spokesman Kevin O’Leary says he lost $15 million crypto payday
Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a spokesman for the now-collapsed crypto e...