In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax post...
Tag: business news
Lucid (LCID) earnings Q3 2022
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid Group on Tue...
Disney’s weak revenue and profit eclipse streaming subscriber growth
The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and...
Sweetgreen (SG) Q3 2022 earnings miss estimates, stock tumbles
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen fell 10% in afte...
Space company announces layoffs amid rocket delay
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay...
AMC Entertainment (AMC) earnings Q3 2022
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment on Tuesday reported third-quarter revenue that was up ne...
Improving Chinese import data good for Estee Lauder, Wells Fargo says
Wells Fargo (WFC) on Tuesday raised its price target on Club holding Estee Lauder (EL) to $225 from $215 on the back of an improvement in cosmetics- and duty-free imports to China, a crucial market fo...
Winning ticket for Powerball $2.04 billion jackpot sold in California
Anadolu Agency | Anadolu Agency | Getty Images California does not tax lottery winnings While the IRS will scrape 24% — or $239.4 million — off the top for federal tax withholding, California does not...
Climate change threatens ‘things Americans value most’: gov’t report
The Jade Isle Mobile Home Park is flooded in this aerial view from a drone in St. Cloud. Residents of the community were issued a voluntary evacuation order due to rising water levels in the aftermath...
Lyft, Tripadvisor, Take-Two Interactive and more
Check out the companies making headlines in midday trading. Lyft — Shares of Lyft plummeted 21% after the company’s earnings report showed mixed results in the last quarter. The rideshare compan...
Levi Strauss CEO says company’s search for new leader got help from unlikely source
Levi Strauss & Co. CEO Chip Bergh speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC As Levi Strauss & Co. searched for its next leader, it got help from a s...
Disney (DIS) earnings Q4 2022
View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. Getty Images All eyes will be on Disney‘s str...
Oil, Club news, Disney earnings
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. Oil in focus Quick mention...
Boeing’s aircraft deliveries slipped in October on 737 fuselage flaw
A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mcknight | Reuters Boeing‘s aircraft deliveries in October fe...
Auto loan delinquencies rise as loan-accommodation programs end
With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto l...
Kohl’s CEO Michelle Gass to step down, join Levi Strauss as CEO in waiting
Kohl’s Chief Executive Officer Michelle Gass Source: Kohl’s Kohl’s said Tuesday that CEO Michelle Gass is leaving the company for a new opportunity as its sales continue to fall. In ...
Major League Pickleball’s newest team owner is Anheuser-Busch
Zane Navratil and Parris Todd of BLQK celebrate a point during a group play Major League Pickleball match against the Florida Smash at Pickle & Chill on October 15, 2022 in Columbus, Ohio. Emilee ...
We’re increasing price targets on 3 of our stocks, including 2 crushing the boarder market
Following our price target changes on eight Club holdings last month, we’re updating three more Tuesday to reflect their recent quarterly earnings reports and outlooks. Eli Lilly (LLY): Club pri...
Take-Two Interactive, Lyft, TripAdvisor and more
Take a look at some of the biggest movers in the premarket: Take-Two Interactive (TTWO) – Take-Two tanked 17.4% in the premarket after the videogame publisher cut its bookings outlook for the year. Ta...
Foxconn investment to boost EV production
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plan...
China’s Covid controls are hurting more of the economy
Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the count...
Alibaba’s international arm invests millions into South Korea expansion
Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nur...
Charts suggest it’s not time to buy the dip in mega-cap tech stocks just yet, Cramer says
Investors who want to capitalize on the struggles of large-cap technology stocks should remain patient, CNBC’s Jim Cramer said Monday, citing technical analysis from Carolyn Boroden. “The ...
From Teslas to BMWs, cars are piling up on land and sea at German port
Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combina...
I think Tesla is a decent situation
Ring Energy: “This is a small cap. It’s not a dice roll because it’s a legitimate company. I do prefer something that gives you that dividend because you know in the Investing Club, ...
Homeowners have lost over $1 trillion in equity since May
A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic run-up in home prices during the first two years of the pandemic gave homeowners record am...
Consumer confidence in housing hits new low, says Fannie Mae
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Rising mortgage rates, high home prices and...
Strong GOP showing in midterm elections likely good for energy
CNBC’s Jim Cramer said he anticipates a near-term rally in energy stocks if Republican candidates perform well in Tuesday’s midterm elections and win a majority in at least one chamber of ...
Carvana stock tanks in continued sell-off
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Carvana plummeted for a second-consecutive trading day as investors unloaded sha...