The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc...
Tag: business news
Credit Suisse projects $1.6 billion fourth-quarter loss
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swi...
China may have ‘passed the point of no return’ as Covid infections soar
Beijing’s business district lay nearly empty during rush hour on Nov. 22, 2022, after local authorities asked people to work from home, among many measures targeted at controlling the latest Cov...
CME’s Terry Duffy says he saw trouble before FTX collapse
A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group chairman and CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the da...
I still see another bad quarter ahead for Ford Motor
Ford Motor Co: “I still see another bad quarter ahead because they don’t have the right inventory, and then maybe things can get better.” Duolingo Inc: “Everyone I know loves i...
Jim Cramer says these 10 tech and software stocks can make a comeback
CNBC’s Jim Cramer on Tuesday named hammered tech stocks that he believes can make a comeback after the Federal Reserve finishes tightening the economy. Here is his list: Amazon Microsoft Alphab...
Charts suggest a major buy opportunity for oil is coming
CNBC’s Jim Cramer said Tuesday that investors should gear up to buy oil next month, relying on charts analysis from Carley Garner. “She thinks there could be one last washout from this wee...
Disney is counting on Iger to make hard choices about TV, streaming
Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Midtown Manhattan on October 24, 2019 in New York City. Dr...
Envoy Air says pilot who was reported incapacitated during flight has died
An American Eagle Embraer 175 aircraft is seen on the tarmac through a plane window at LAX in Los Angeles, California, U.S., January 10, 2018. Lucy Nicholson | Reuters An Envoy Air flight returned to ...
Best Buy (BBY) earnings Q3 2023
A customer watches as Best Buy employees load his new television into his car during the state’s sales tax free weekend, beginning on Saturday. Erin Clark | Boston Globe | Getty Images Best Buy ...
Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares fell more than 4% after the department store cut its forecast. Nords...
Fauci to cooperate with House Republican into Covid origins
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks about the coronavirus during the White House press briefing on Tuesday, November 22, 2022. Tom Williams...
Here’s how to score a charitable tax break on ‘Giving Tuesday’
Ariel Skelley | Getty Images You must ‘itemize’ to claim the charitable deduction When filing your return, you reduce your taxable income by subtracting the greater of either the standard ...
Supreme Court to hear Jack Daniel’s trademark case against dog toy company
Jack Daniel’s, Tennessee whisky. Newscast | Universal Images Group | Getty Images The Supreme Court has agreed to take up a trademark case centered around a squeaky dog toy that’s “4...
Taylor Swift tour promoter says it had no choice but to work with Ticketmaster
Taylor Swift accepts the Artist of the Year award onstage during the 2022 American Music Awards at Microsoft Theater on November 20, 2022 in Los Angeles, California. Kevin Winter | Getty Images Entert...
U.K. lags OECD average with pandemic GDP recovery
LONDON — U.K. growth has lagged the world’s biggest economies since the Covid-19 pandemic and is substantially below the OECD average, according to a new report from the influential Paris-based ...
Saudi Arabia inflicts seismic World Cup shock on Argentina
Saleh Al-Shehri of Saudi Arabia celebrates with his team mates after scoring a goal to make it 1-1 during the FIFA World Cup Qatar 2022 Group C match between Argentina and Saudi Arabia at Lusail Stadi...
Investor home purchases drop 30% as price gains slow
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates...
Abercrombie & Fitch, Disney, Best Buy, Zoom and more
A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ab...
Tickets on the Orient Express are sold by two companies
The “Orient Express” has been called the “king of trains” and the “train of kings.” Royalty, writers, actors and spies have ridden the original route between Paris ...
Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion
In this photo illustration, a bitcoin logo seen displayed on a smartphone with a FTX logo on the background. Avishek Das | Lightrocket | Getty Images FTX’s vast web of entities had a total of a...
Best Buy, Dick’s, Abercrombie & Fitch and others
Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. The electronics retailer also re...
Disney CEO Bob Iger plans restructuring, Chapek loyalist Kareem Daniel to leave
Bob Iger attends the World Premiere of Walt Disney Studios Motion Pictures ‘Avengers: Endgame’ at Los Angeles Convention Center on April 22, 2019. Jeff Kravitz | FilmMagic, Inc | Getty Ima...
You ought to pass on Medical Properties Trust
Howmet Aerospace Inc: “I think aerospace exposure is incredibly important, and Howmet will give it to you.” UiPath Inc: “I actually believe in the company, but that company is losing...
DraftKings says no evidence systems were breached following report of a hack
Omar Marques | LightRocket | Getty Images DraftKings said Monday there is no evidence the online betting platform’s systems were breached following a report that some users were hacked. An unkno...
Charts suggest the S&P 500 will rally in December, Jim Cramer says
CNBC’s Jim Cramer said Monday that stocks in the benchmark S&P 500 will likely rally next month. “The charts, as interpreted by the legendary Larry Williams, suggest that the Santa Cla...
Jim Cramer says he’s bullish on Disney after Iger’s return as CEO
CNBC’s Jim Cramer said Monday that he’s sticking by Disney after the company welcomed Bob Iger back to the chief executive role. “Disney’s the defining story of the day. This i...
Paramount scraps deal to sell Simon & Schuster to Penguin
The Penguin logo is visible on the spines of books displayed on a shelf at Book Passage on Nov. 2, 2021 in Corte Madera, California. The U.S. Department of Justice is suing Penguin Random House and Si...
Disney blindsided Chapek with decision to replace him with Iger
Disney chose to rehire Bob Iger as chief executive after receiving internal complaints from senior leadership that Bob Chapek was not fit for the job, according to people familiar with the matter. The...