Microsoft ‘s (MSFT) nearly $69 billion cash offer to buy video game giant Activision Blizzard (ATVI) has been under tremendous scrutiny since it was first announced back in January. But at least...
Tag: business news
Drew Brees lightning strike is fake, promotional stunt for online sportsbook
Drew Brees #9 of the New Orleans Saints Gregory Shamus | Getty Images Sport | Getty Images Legendary New Orleans Saints quarterback Drew Brees faked being struck by lightning as part of a promotional ...
Zscaler, Marvell, DoorDash and more
Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq Check out the companies making headlines in midday trading. Zscaler – The cloud security company’...
Alex Jones files for bankruptcy after Kanye West interview
Alex Jones arrives at the court house as he faces a second defamation trial over Sandy Hook claims in Waterbury, Connecticut, September 22, 2022. Michelle McLoughlin | Reuters Infowars host Alex Jones...
Here’s where the jobs are for November 2022 — in one chart
The U.S. job market beat expectations again in November, adding 263,000 payrolls led by the service sector. Leisure and hospitality was the top category for job gains, according to a report from the U...
35% of millionaires say they won’t have enough to retire, report finds
A cool $1 million is not what it used to be. There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest...
Astra chief engineer Benjamin Lyon resigns from rocket builder
Benjamin Lyon, chief engineer and executive vice president of engineering and operations Astra Beleaguered rocket-builder Astra is losing its highly touted chief engineer, Benjamin Lyon, the company s...
Hang Seng still in bear market territory despite best month since 1998
Red lanterns are hung up on the street in Wan Chai, Hong Kong. (Photo by Zhang Wei/China News Service via Getty Images) China News Service | China News Service | Getty Images Hong Kong’s benchma...
Marvell Technology, Horizon Therapeutics, DoorDash and more
Marvell Technology Group Source: marvell.com Check out the companies making headlines before the bell: Marvell Technology (MRVL) – The chip maker’s stock slid 4.9% in the premarket after quarter...
China people worry wrong Covid test results mean pandemic won’t end
Residents queue at a Covid-19 testing booth in Beijing, China, on Monday, Nov. 28, 2022. The capital city has required regular virus tests for more than half a year. Bloomberg | Bloomberg | Getty Imag...
Toyota secures funding to develop hydrogen fuel cell version of Hilux
A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A co...
Chinese F1 Grand Prix canceled for 2023
Formula 1 has cancelled the 2023 Chinese Grand Prix. The sport had been set to return to China for first time since 2019, in what was scheduled to be the fourth round of a record 24-race season on Apr...
Rolls-Royce uses green hydrogen in jet engine test
LONDON — Plans to reduce the significant environmental effects of aviation took a step forward this week after Rolls-Royce and easyJet said they had carried out the ground test of a jet engine that us...
Senate passes rail labor pact before strike deadline, sends to Biden
The Senate passed legislation that would force a tentative rail labor agreement and thwart a national strike. A separate vote on adding seven days of paid sick leave to the agreement failed. The appro...
Jim Cramer says he likes these 3 restaurant stocks
CNBC’s Jim Cramer on Thursday offered investors a list of his favorite stocks in the restaurant industry that he believes will do well as the economy eventually stabilizes. “Maybe the econ...
Seagate is not for this market
Seagate Technology Holdings PLC: “I don’t want you to buy any more, because it’s just not a high-quality enough stock during this period in the cycle. … It’s not for this...
EV maker Fisker faces liquidity questions after cash is tied up claim
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Be...
FDA pulls antibody bebtelovimab because not effective against omicron BQ.1
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters A key monoclonal antibody used to treat peopl...
Powell’s inflation remarks a ‘green light’ to stay in stocks
CNBC’s Jim Cramer on Thursday said Federal Reserve Chair Jerome Powell’s inflation remarks the day before confirmed that inventors shouldn’t exit the market over recession fears. ...
Fauci calls out a bad job of vaccinating elderly
Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, testifies at a Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related ...
Big Las Vegas property owner to take full ownership of two casinos
The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion. VICI Properties, a real...
How Google’s Waze changed from its early days as car travel is remade
Waze app with icon showing police Source: Waze In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Nobody enjoys sitting in bumper-to-bumpe...
Fox CEO Lachlan Murdoch to face questioning in Dominion lawsuit
Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 11, 2019. Brendan McDermid | Reuters Fox ...
Ulta Beauty (ULTA) earnings Q3 2022
Shoppers line up outside of Ulta Beauty before the 6am opening on Black Friday. Aimee Dilger | LightRocket | Getty Images Ulta Beauty on Thursday boosted its outlook and surpassed Wall Street’s ...
CNN lays off hundreds of staffers − read the memo
Hundreds of CNN employees were notified of layoffs Thursday as part of CEO Chris Licht’s efforts to transform the cable news network. CNN had about 4,400 employees. The layoffs affected hundreds...
Shaq and Alonzo Mourning talk charity, NBA basketball and pickleball
The Shaquille O’Neal Foundation & Icy Hot unveil the latest “Comebaq Court,” refurbished athletic spaces helping underserved communities get back in the game, in collaboration wi...