Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. Andrew ...
Tag: business news
Jamie Dimon says Ukraine war shows we still need cheap, secure energy from oil and gas
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key l...
Jamie Dimon says inflation eroding consumer wealth may cause recession next year
JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...
Herbalife, GitLab, Textron and more
Take a look at some of the biggest movers in the premarket: Herbalife Nutrition (HLF) – Herbalife tumbled 9.8% in premarket trading after the nutrition and health products company announced a $250 mil...
China’s Covid lockdowns are having a lessening impact on its economy
Pictured here are locals on a subway in Zhengzhou city, Henan province, on Dec. 5, 2022, after the municipality said negative nucleic acid test results are no longer needed to ride public transportati...
Stocks making the biggest moves after hours: GitLab, Herbalife and more
People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq Check out the companies making headlines in post-market trading. GitLab – The development software operator jumped 23% a...
Los Angeles bans oil and gas drilling within city limits
An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Los Angeles City Council has voted to ban new oil and gas drilling and...
Nike parts ways with NBA star Kyrie Irving after antisemitism flap
BROOKLYN, NY – DECEMBER 2: Kyrie Irving #11 of the Brooklyn Nets prepares to shoot a free throw during the game against the Toronto Raptors on December 2, 2022 at Barclays Center in Brooklyn, Ne...
Tesla, VF Corp, Marriott, MGM and more
A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines in midday trading. Tesla –...
Jim Cramer’s Investing Club meeting Monday: Oil sale, Starbucks
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 Monday’s key moments. Trimming HAL SBUX downgrade...
SpaceX unveils Starshield, a military variation of Starlink satellites
An uncaptioned image posted on the company’s website appears to show Starshield technology in orbit. SpaceX Elon Musk’s SpaceX is expanding its Starlink satellite technology into military ...
Warner Bros Discovery close to picking Max for name of HBO Max replacement
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen and in the background, the HBO Max and Discovery Plus logos. Rafael Henrique | Lightrocket | Getty Image...
VF Corp. lowers full-year guidance, announces CEO is retiring
Igor Goloniov | Sopa Images | Getty Images VF Corporation, owner of The North Face and Timberland, on Monday lowered its revenue and earnings expectations for the second half of its fiscal year and sa...
U.S.-listed Chinese stocks rally as investors turn bullish on reopening shift
Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of Chinese companies listed in the U.S. jumped Monday after China loosened more Covid restrictions to accelerate th...
Silvergate Capital, MGM Resorts, Bilibili, Murphy Oil & more
A United Airlines terminal at John F. Kennedy International Airport in New York January 24, 2011. Jessica Rinaldi | Reuters Check out the companies making headlines in premarket trading Monday. United...
Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse
Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference. Ben McShane | Sportsfile via Getty Images Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coi...
These 10 cars have the greatest potential lifespan
New cars are getting increasingly expensive. But they’re also more durable than before, which means drivers have a better chance of getting their money’s worth. As the average transaction ...
Who will be Disney’s next CEO? Top contenders to succeed Bob Iger
Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC Disney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early ...
How electric air taxis could shake up the airline industry
A VoloCity air taxi by Volocopter is pictured at Pontoise airfield in Cormeilles-en-Vexin, near Paris, France, November 10, 2022. Benoit Tessier | Reuters A world with flying vehicles, like the 1960s...
Delta pilots would get more than 30% in pay raises under new contract deal
A pilot walks past the windows at the newly renovated Delta terminal D at LaGuardia Airport in New York March 6, 2021. Timothy A. Clary | AFP | Getty Images Delta Air Lines and its pilots’ union...
Tax strategy that may offset losses – but investors need to act now
Investors may get a wake-up call this winter when it comes to taxes, but it doesn’t have to be that way. According to BNY Mellon’s Ben Slavin, it’s a key time to sell losing investme...
Jim Cramer says these 3 apparel stocks benefit from return to office
CNBC’s Jim Cramer on Friday offered investors a list of clothing stocks that he believes will see upside as workers continue returning to the office. “After the huge run in the apparel sto...
Biden administration will end monkeypox public health emergency
People line up to get a monkeypox vaccination at a new walk-up monkeypox vaccination site at Barnsdall Art Park on Tuesday, Aug. 9, 2022 in Hollywood, CA. Brian Van Der Brug | Los Angeles Times | Get...
The biggest tax changes to know before filing your 2022 return
Tom Werner | DigitalVision | Getty Images Certain tax credits have been reduced One possible reason for a smaller tax refund is the child tax credit and the child and dependent care tax credit have b...
Biden condemns antisemitism after Ye praises Hitler post-Trump dinner
President Joe Biden denounced antisemitism and took a veiled jab at Donald Trump days after the former president dined with rapper Ye, who has made a string of recent antisemitic comments, and white n...
Carnival’s Princess Cruises will return to Japan after nearly 3 years
People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. ...