Former US secretary of the treasury Steven Mnuchin on a panel at the Future Investment Initiative in Saudi Arabia in October 2022. Mnuchin this week criticized the G-7’s plan for a cap on Fayez ...
Tag: business news
Foot Locker, JD.com, Gap and others
Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. The appa...
Brits face sharpest fall in living standards on record as government tightens its belt
Prime Minister Rishi Sunak (C), alongside the Chancellor of the Exchequer, Jeremy Hunt, (centre right) holds his first Cabinet meeting on October 26, 2022 in London, England. WPA Pool | Getty Images L...
Crypto startup Ripple seeks license in Ireland to drive EU expansion
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images U.S.-...
This is why Marvel didn’t recast Chadwick Boseman in ‘Wakanda Forever’
A still from the movie “Black Panther.” Source: Marvel In August 2020, Disney’s Marvel Studios was faced with an unenviable task — how to handle the sudden and tragic death of Chadwi...
Qatar to reportedly ban beer at World Cup in dramatic reversal
Alex Tai | SOPA Images | Getty Images Qatar is set to ban all beer sales at and around its World Cup stadiums, in a dramatic U-turn just two days before the massive soccer tournament begins, according...
‘Indiscriminate use of hydrogen’ could slow energy transition: Report
Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Aranga87 | Istock | Getty Images Hydrogen use by the G-7 could jump by four to seven times by the middle...
VC firm Sequoia Capital’s Doug Leone on the fallout from FTX collapse
Doug Leone, managing partner at Sequoia Capital LLC, speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. The event brings together leaders in fi...
A round-trip taxi from Saudi Arabia will cost $532
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images DUBAI, United Arab Emirates — The Dubai-based rideshare app Careem is offering inter...
Alibaba says 15% of China delivery areas disrupted during Singles Day
Alibaba broke tradition by not releasing total sales for its Singles’ Day shopping festival this year. Pictured here are advertisements for the festival in a Shanghai subway station on Nov. 10, ...
Jim Cramer says ‘exhausted’ sellers are behind the market’s strength
CNBC’s Jim Cramer said on Thursday that stocks have largely stayed resilient lately because the investors remaining in the market are there to stay. “The sellers are exhausted. The remaini...
Cramer says fire Disney CEO Bob Chapek; fix ‘balance sheet from hell’
Jim Cramer on Thursday called on Disney (DIS) to oust CEO Bob Chapek and clean up the company’s ugly balance sheet. Chapek is “incapable of running a fantastic company,” Jim said. &#...
Gap (GPS) earnings Q3 2022
Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expe...
Washington Commanders accused of cheating ticket holders in DC lawsuit
The attorney general of Washington, D.C., sued the Washington Commanders on Thursday, alleging the team implemented a scheme that cheated District residents out of their deposits for season tickets an...
Taylor Swift public ticket sale canceled over extreme demand, Ticketmaster says
Taylor Swift poses with her awards during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Tickets for Taylor...
Macy’s (M) Q3 2022 earnings
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Thursday raised its earnings forecast for the year as strong luxury sales boosted the departm...
Live Nation, Gap, Ross Stores, Palo Alto and more
Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue. Gap also also gave a cautious outlook for the holiday...
GM EV unit BrightDrop forecasts $1 billion in 2023 revenue
BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General M...
Former SpaceX employees file complaints alleging retaliatory firings
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Former employees of SpaceX have filed federal complaints against the company, alleging Elon Musk’s...
Rent growth slows to the lowest level in 18 months
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starti...
Visa says Ryan McInerney will replace Al Kelly as its next CEO
Visa Thursday named Ryan McInerney as its next chief executive, replacing Alfred Kelly who will step down from the role, effective Feb. 1, 2023. McInerney has been president at Visa since 2013, overse...
Taylor Swift Ticketmaster fiasco is fault of demand, bots, Liberty Media CEO says
Now we got bad bots. The CEO of Liberty Media, Live Nation’s largest shareholder, defended the event promoter against calls that it should be broken up following a storm of glitches and site fai...
How to buy on the secondary market
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 on Nov. 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Taylor Swift fans are not having a “...
Kohl’s (KSS) earnings Q3 2022
Kohl’s on Thursday withdrew its full-year outlook, pointing to volatility in the retail environment and significant macroeconomic headwinds, on top of its “unexpected CEO transition.”...
FDA says lab-grown meat is safe for human consumption
Uma Valeti, CEO and founder, UPSIDE Foods speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, October 18, 2021. David Swanson | Reuters The Food and Drug Administration...
Bath & Body Works, Norwegian Cruise Line, Macy’s and more
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Check out the companies making headlines in midday trading. Bath & Body Works – Bath & Body Works’ stock surged 24% afte...
John Malone says he’s skeptical of ad-supported content as Netflix, Disney roll out ad tiers
Liberty Media Chairman John Malone told CNBC he’s doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run. “I’m a lit...
Starbucks union to strike at more than 100 locations on Red Cup Day
Starbucks official reusable red cup, left, and red cup from Starbucks Workers United. Source: Starbucks; Starbucks Workers United Workers at more than 100 unionized Starbucks locations plan to strike ...
Energy transition will fail unless wind power fixes problems: CEO
Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022. Paul Ellis | AFP | Getty Images The CEO of Siemens Energy on Wednesday argued that the energy transitio...