More and more Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to $25 billion. Sheldon...
Tag: business news
Tesla, WeWork, Alibaba and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla fell 2.5% in the premarket after cutting Model 3 and Model Y prices in China by up to 9%. The price cuts come amid sign...
Inflation is dominating the conversation on earnings calls. Here’s what execs are saying
Pepsi products are displayed for sale in a Target store on March 8, 2022 in Los Angeles, California. Mario Tama | Getty Images One thing’s clear at the start of the corporate earnings season: In...
Binance narrowing down identity of hacker behind BNB crypto hack: CEO
Cryptocurrency exchange Binance is getting closer to figuring out the identity of a hacker that orchestrated a $570 million hack on its BNB blockchain, CEO Changpeng Zhao told CNBC Monday. After getti...
JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates
Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...
Formula 1 to create new all-female championship with 2023 debut possible
Beitske Visser of Netherlands and Sirin Racing (95) leads Marta Garcia of Spain and CortDAO W Series Team (19) during the W Series Round 6 race on October 02, 2022 in Singapore. Clive Mason | Getty Im...
I like Procter & Gamble over Walmart
Iron Mountain Inc: “Right now I don’t want to back away from it. … We may have to do new work on Iron Mountain to see if it’s as safe as we think it is.” McKesson Corp: &...
Jim Cramer says to buy shares of Danaher on the dip
CNBC’s Jim Cramer on Friday advised investors to add Danaher to their shopping lists for next week after it reported third-quarter results. “You’re now getting a chance to buy one of...
CDC is discussing using oral polio vaccine for first time in 20 years to stop New York outbreak
The Centers for Disease Control and Prevention is considering using the oral polio vaccine for the first time in more than 20 years to stop an outbreak in the greater New York City metropolitan area t...
The $40,000 electric vehicle business tax credit may be easy to get
Electric buses at a charging station. Koiguo | Moment | Getty Images Plus, the tax credit for bigger trucks is worth more money — up to $40,000 in contrast to the $7,500 maximum for passenger cars and...
PGA Tour sues LIV Golf’s Saudi backers to force evidence discovery
Team Captain Brooks Koepka of Smash GC and caddie Ricky Elliott shake hands on the 18th green during day three of the LIV Golf Invitational – Jeddah at Royal Greens Golf & Country Club on Oc...
Investors can contribute up to $22,500 in a 401(k) and $6,500 in IRAs in 2023
If you’re eager to save more for retirement in 2023, there’s good news from the IRS: higher limits for your annual 401(k) plan and individual retirement account contributions. The employee...
Amazon hires Hawaiian Air to fly rented Airbus cargo jets to replace older freighters
Air cargo containers with the logo of Amazon are seen at Miami International Airport, in Miami, Florida, United States on June 16, 2021. Marco Bello | Anadolu Agency | Getty Images Amazon has hired Ha...
Warby Parker, once online-only eyewear, sees hundreds of more stores
Warby Parker co-founders Neil Blumenthal (L) and Dave Gilboa. Source: Warby Parker In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. At i...
Jim Cramer tells investors that IBM is a ‘trust but verify’ situation
CNBC’s Jim Cramer on Thursday advised investors to tread carefully if they’re debating whether to buy shares of IBM after the company reported its third-quarter earnings. “Even after...
U.S. consumer is soldiering on despite soaring inflation and recession risk, credit card giants say
Shoppers carry bags in San Francisco, California, on Thursday, Sept. 29, 2022. David Paul Morris | Bloomberg | Getty Images U.S. consumers have demonstrated a willingness to continue to pay higher pri...
U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines
U.S. Treasury Secretary Janet Yellen listens to a reporter’s question at a news conference during the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., Octob...
Elon Musk says a global recession could last until the spring of 2024
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla founder and CEO Elon Musk thinks the global economic de...
Earnings reports show the Fed is making progress on inflation
CNBC’s Jim Cramer on Thursday told investors that the market is finally seeing signs that the Federal Reserve is succeeding in its fight against inflation. “We’re now finally getting...
Vista’s Robert Smith says investing in DEI businesses vitally important in a bear market
Robert Smith during an interview with CNBC’s Squawk Box, broadcast live from World Economic Forum, Davos, Switzerland, on January 25, 2019. Adam Galica | CNBC Robert F. Smith, chairman and CEO a...
GM’s 2024 GMC Sierra EV offers electric truck alternative to Hummer
2024 Sierra EV Denali Edition Source: General Motors General Motors unveiled its latest electric pickup, the new electric GMC Sierra, and began taking reservations for a fully-loaded $107,000 version,...
Fed’s Harker sees ‘lack of progress’ on inflation, expects aggressive rate hikes ahead
Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be needed. “We are going to keep ...
Threat of rail strike has supply chain ramping up contingency plans
An aerial view of shipping containers and freight railway trains ahead of a possible strike if there is no deal with the rail worker unions, at the BNSF Los Angeles Intermodal Facility rail yard in Lo...
How much income you can have for 0% capital gains taxes in 2023
If you’re planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say. This week, the IRS released dozens of inflation adj...
Why cheap airfare is so hard to find this year
United’s check-in area at Washington Dulles International Airport. Leslie Josephs | CNBC Cheap airfares are hard to find, and it might not get much easier in 2023. Between staffing shortages, ai...
Hans Niemann sues Magnus Carlsen, others for $100 million over chess cheating claims
US international grandmaster Hans Niemann waits his turn to move during a second-round chess game against Jeffery Xiong on the second day of the Saint Louis Chess Club Fall Chess Classic in St. Louis,...