A staff member draws up a syringe with the Comirnaty vaccine from Biontech and Pfizer adapted to the Omicron-BA.1 variant at the Mainz vaccination center. Sebastian Christoph Gollnow | dpa | Picture A...
Tag: business news
Streamer likely to offer multiple ad-supported tiers
Ted Sarandos attends the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Angela Weiss | AFP | Getty Images Netflix is likely to offer multiple subscription plans with ads ...
Congress asks Live Nation for answers
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images Lawmakers have...
Paramount shares fall as CEO lowers ad revenue forecast
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Shares of Paramount Global fell about 7% Tuesday a...
BuzzFeed to cut 12% of its workforce
The BuzzFeed website on a smartphone arranged in Hastings-on-Hudson, New York, on Monday, Dec. 6, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images BuzzFeed on Tuesday announced plans to cut its w...
Fanatics valuation hits $31 billion after $700 million investment round
Fanatics CEO and co-chair Michael Rubin Shareif Ziyadat | Filmmagic | Getty Images Michael Rubin’s sports platform company Fanatics has raised $700 million in fresh capital, pushing its value to...
Walmart CEO says shoplifting could lead to price jumps, store closures
Walmart stores across the U.S. are grappling with an uptick in shoplifting that could lead to higher prices and closed stores if the problem persists, Walmart CEO Doug McMillon said Tuesday. “T...
Fed may wreck one of greatest booms in history of Main Street America
The Census Bureau reported almost 433,000 new business applications in October, up from 313,000 in December 2019, before the Covid pandemic began, and 413,000 as recently as June. Mint Images | Mint I...
Pfizer rejects Moderna claim it copied Covid vaccine, accuses rival of rewriting history
Pfizer has rejected allegations made by rival Moderna that its Covid-19 vaccine is a copy, accusing the Boston biotech company of rewriting history to lay claim to technology developed by a field of s...
Warner Bros. Discovery CEO David Zaslav’s top priority: Cash flow
David Zaslav Olivia Michael | CNBC A few months ago, after a lengthy and sobering review of Warner Bros. Discovery‘s business, Chief Executive David Zaslav gave his division heads a cutthroat mi...
Boeing’s last 747 rolls out of factory after a more than 50-year production run
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC EVERETT, Wash. − Boeing‘s final 747 is set to roll out of the company’s cavernous fact...
Airlines will return to profitability in 2023 after three-year slump: IATA
The global airline industry is set to return to profitability again next year following a near-three year downturn fueled by the Covid-19 pandemic, an industry body said Tuesday. The International Air...
How the U.S. became a global corn superpower
The United States has just about 90 million planted acres of corn, and there’s a reason people refer to the crop as yellow gold. In 2021, U.S. corn was worth over $86 billion, according to calcu...
United CEO says business travel has ‘plateaued’ but revenue is still rising
United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Business travel demand has “plateaued” b...
MongoDB, Dave & Buster’s and more
Cinder blocks sit in a pile near homes under construction at the Toll Brothers Inc. Jupiter Country Club housing development in Jupiter, Florida. Mark Elias | Bloomberg | Getty Images Check out the co...
Bank of America CEO Brian Moynihan on how he plans to trim its workforce
Brian Moynihan, chief executive officer of Bank of America Corp., speaks during a Bloomberg Television interview at the Goldman Sachs Financial Services Conference in New York, on Tuesday, Dec. 6, 202...
PepsiCo plans to cut hundreds of jobs, report says
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo is eliminating hundreds of corporate jobs in North America, according to the...
Kodiak wins $50M deal to develop driverless Army vehicles
Kodiak Robotics truck in front of an IKEA store. Source: Kodiak Robotics Self-driving truck startup Kodiak Robotics said Tuesday that it won a two-year, $49.9 million contract from the U.S. Department...
4 financial moves if you have — or are worried about — long Covid
Milan2099 | E+ | Getty Images Long Covid is a chronic illness with far-reaching impact, both in terms of health and household finance. As many as 23 million Americans have suffered long-haul symptoms ...
England sack Eddie Jones just nine months out from Rugby World Cup
England Head Coach Eddie Jones. Alex Davidson – Rfu | The Rfu Collection | Getty Images Eddie Jones has been sacked as England head coach after seven years in charge, just nine months out from t...
Renewables to be main source of electricity generation by 2025: IEA
Wind turbines in the Netherlands. A report from the International Energy Agency “expects renewables to become the primary energy source for electricity generation globally in the next three year...
What to watch for as J&J gets ready to spin off its consumer unit
Johnson & Johnson (JNJ) is preparing next year to spin off its consumer health unit into a publicly traded company separate from its pharmaceutical and medical technology operations. Ahead of the ...
Jim Cramer urges investors to exit crypto – ‘it’s never too late’
CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings. “You can’t just beat yourself up and say, ‘hey, it’s too late ...
I can’t recommend Penn Entertainment
Penn Entertainment Inc: “Everybody’s in this darn business. … I do like Penn. They’re good guys, but I cant recommend the stock right now.” Symbotic Inc: “They̵...
Morgan Stanley cut about 2% of staff Tuesday, sources say
James Gorman, chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019...
Fed can’t stop raising interest rates due to these 4 factors
CNBC’s Jim Cramer on Monday listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are reentering the workforce. That makes it more diffi...
Ford CEO says 65% of U.S. dealers agree to sell EVs
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell elect...
Jim Cramer’s Investing Club meeting Tuesday: Bank pick, layoffs play
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 Tuesday’s key moments. WFC is a buy Still like PG...