Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. Evan Agostini | Invision | AP The Anti-Defamation League is urging Adidas to sever ties with Ye, calling out...
Tag: business news
An often-overlooked economic measure is signaling serious trouble ahead
Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday that a recession is looming — and that the Fed...
The Rock’s new movie is bland and predictable
Dwayne Johnson stars in Warner Bros.’ “Black Adam.” Warner Bros. Not even Dwayne “The Rock” Johnson could salvage Warner Bros.’ latest entrant into the DC Extended ...
Allstate, AT&T, IBM, Tesla and more
Elon Musk looks at a robot display during a tour of the new Tesla Motors auto plant, formerly operated New United Motor Manufacturing Inc. (NUMMI), in Fremont, California, U.S., on Wednesday, Oct. 27,...
Caesars, developer SL Green join forces
Video slot machines at Caesars Palace in Las Vegas, Nevada. George Rose | Getty Images Developer SL Green Realty is working with casino operator Caesars Entertainment on a bid to bring a casino to New...
Netflix experiments with Knives Out sequel, but sticks with limited theater runs
Daniel Craig returns as Benoit Blanc in “Glass Onion: A Knives Out Story.” Netflix Netflix backtracked on advertisements. Should theatrical releases be next? Some theater owners and indust...
Takeaways from our daily meeting: Semiconductors, Danaher’s earnings beat
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 Thursday’s key moments. Semiconductor strategy Ju...
Existing home sales fall to a 10-year low in September
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Imag...
How much small business owners should pay themselves
Many small business owners have trouble figuring out an appropriate take-home pay as the company expands, and some don’t pay themselves at all. These mistakes can easily come back to bite the founder ...
Inflation-weary shoppers to see more holiday sales, discounts in 2022
People walk stores offering sales at a shopping mall in Santa Anita, California on December 20, 2021. Frederic J. Brown | AFP | Getty Images Grocery and energy prices have spiked, and credit card inte...
American Airlines (AAL) 3Q 2022
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines reported a ...
TeraWatt announces first interstate EV charging network for trucks
TeraWatt site Courtesy: TeraWatt San Francisco startup TeraWatt Infrastructure on Thursday announced it’s developing the first network of electric vehicle-charging centers for heavy-duty and med...
Kevin Durant is latest athlete to buy into Major League Pickleball
Kevin Durant #7 of the Brooklyn Nets dribbles during the first half against the Cleveland Cavaliers at Barclays Center on May 16, 2021 in the Brooklyn borough of New York City. Sarah Stier | Getty Ima...
AT&T, American Airlines, Blackstone and more
Check out the companies making headlines before the bell: AT&T (T) – AT&T rose 2.4% in the premarket after reporting better-than-expected profit and revenue for the third quarter. The company ...
Digital bank N26 launches crypto trading service amid bear market
N26 Crypto will let users buy and sell 100 tokens including bitcoin and ether. N26 European digital bank N26 announced Thursday it is launching a crypto trading service, starting with Austria as the f...
What CPC party congress this week means for growth
Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China’s priorities for the next five years. China News Service | China News Service | Getty Images BEIJING ...
I like Procter & Gamble over Kimberly-Clark
Transocean Ltd: “It is a high-risk stock. I prefer to have something that is certainly a little bit more … known and already doing incredibly well, which is Halliburton.” Tapestry In...
Buy shares of Netflix on the market’s next pullback, Jim Cramer says
CNBC’s Jim Cramer on Wednesday advised investors to pick up shares of Netflix on the next market dip. “You put it on the top of your shopping list, you wait for the next pullback in the av...
Jim Cramer makes the bull case for consumer goods stocks
CNBC’s Jim Cramer on Wednesday told investors to consider adding shares of well-established consumer packaged-goods companies to their portfolios. “Nobody’s championing what actually...
CDC to protect access to free Covid vaccines for uninsured kids
A child is administered a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) pediatric vaccine. Mayela Lopez | Reuters The Centers for Disease Control and Prevention took a major step Wednesda...
Tesla, IBM, Alcoa and more
A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines after hours. Tesla — Share...
Biden administration awards $2.8 billion in grants for electric vehicle battery manufacturing
Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitl...
What Netflix’s earnings beat tells us about Club holding Disney
Investors in Club holding Disney (DIS) appear to have been encouraged by streaming competitor Netflix ‘s (NFLX) better-than-expected third-quarter results Wednesday — a sentiment that’s no...
Biden’s EV tax credit rules deal ‘astronomical’ blow to business
DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesd...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
Biden awards $2.8 billion for electric vehicle battery manufacturing
U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in America, during a visit to the Detroit Auto Show, September 14, 2022. Kevin Lamarque | Reuters The Biden admini...
Netflix, Intuitive Surgical, Generac, Winnebago and more
The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Generac — Shares were ...
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check s...
SpaceX launches Starlink aviation product for satellite internet to private jets
One of the company’s flat aviation-specific Starlink antennas is seen on top of an aircraft. SpaceX SpaceX rolled out aviation-specific Starlink satellite internet service on Tuesday, with Elon ...
BMW to invest $1.7 billion in U.S. to produce electric vehicles
BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The investment will include $1 billion to prepare for productio...