Juan Espinoza, far left, with his family. A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well a...
Tag: business news
Takeaways from our daily meeting: Recession-proof stocks, Club names
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 Wednesday’s key moments. Hold onto recession-proo...
Procter & Gamble (PG) Q1 2023 earnings
Containers of Tide detergent on grocery store shelves. Richard Levine | Corbis | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ esti...
How to reduce the impact of higher consumer prices due to inflation
Cavan Images | Cavan | Getty Images Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to an estimate from Moody’s Analyti...
Here are the new income tax brackets for 2023
Andersen Ross | Blend Images | Getty Images Amid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deductions for 2023. The agency has boosted the income t...
JPMorgan Chase gives early payday deposits to Secure Banking customers
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images JPMorgan Chase is giving some customers early access to their d...
Millions could lose health insurance when Covid emergency ends
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (...
Buffett-backed digital bank Nubank to launch its own cryptocurrency
Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a larg...
Why pickleball has NBA’s LeBron James and NFL’s Tom Brady investing
Pickleball is the fastest-growing sport in America, with over 4.8 million people playing the game. However, its rapid growth has caused some growing pains, stemming from competing professional leagues...
Procter & Gamble, Travelers, Nasdaq and more
Check out the companies making headlines before the bell: Procter & Gamble (PG) – The consumer products giant’s quarterly earnings of $1.57 per share beat estimates by 3 cents with revenue a...
U.S. to provide millions in funding for tidal, river current systems
While there is excitement about the potential of renewable technologies such as tidal power, there are challenges when it comes to scaling up. Laro Pilartes / 500Px | 500Px | Getty Images The U.S. Dep...
New project will test the viability of large-scale wave energy
This image shows waters off the coast of Orkney, an archipelago north of the Scottish mainland that’s home to the European Marine Energy Centre. Capchure | Moment | Getty Images A 19.6 million e...
Amazon founder Jeff Bezos warns it’s time to ‘batten down the hatches’
Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters Amazon founder Jeff Bezos has become the latest corpo...
Netflix, United Airlines, Adobe and more
Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Netfli...
Fanatics hires finance chief for sports-betting division before launch
Andrea Ellis has been appointed CFO of Fanatics Betting & Gaming. Source: Fanatics Fanatics is getting one step closer to launching its highly anticipated sports-gambling division, nearly five yea...
Stay long on CF Industries
ON Semiconductor Corp: “Right now, I’ve got a pause on the semis. Why? Because we’ve got so many problems right now in China.” Dutch Bros Inc: “I want you to put half the...
Jim Cramer gives Johnson & Johnson his stamp of approval
CNBC’s Jim Cramer on Tuesday advised investors to pick up shares of Johnson & Johnson as a long-term play. “I like the way J&J’s been trading over the last couple months, and...
Don’t ‘rent’ stocks in this treacherous market, Jim Cramer warns
CNBC’s Jim Cramer on Tuesday warned investors to stay the course and weather the turbulent market. “You have to resist the urge to rent stocks because you’ll get evicted when they in...
United Airlines (UAL) earnings 3Q 22
United Airlines forecast another profit for the end of the year and said consumer appetite for travel is showing no signs of slowing down despite high airfares. Shares jumped more than 7% in after-hou...
Password sharing details, subscribers jump
Netflix shares skyrocketed more than 14% after the bell Tuesday as the company posted better-than-expected results on the top and bottom lines. The streamer also reported the addition of 2.41 million ...
Focus on revenue, profit, not subscriber adds
Netflix logo Mario Tama | Getty Images News | Getty Images Netflix has a message for investors: start focusing on revenue and profit, and stop obsessing about subscriber growth. Netflix made its argum...
NFL Black Friday game coming to Amazon in 2023
Kansas City Chiefs tight end Travis Kelce (87) runs the ball in for a touchdown against the Tampa Bay Buccaneers during the first quarter at Raymond James Stadium, Oct. 2, 2022. Kim Klement | USA Toda...
Rolls-Royce has over 300 orders for its $413,000 Spectre electric vehicle
Rolls Royce Spectre Courtesy: Rolls-Royce More than 300 U.S. buyers have already put down deposits for Rolls-Royce’s first electric vehicle prior to its unveiling on Tuesday, the luxury automake...
Flooding in Nigeria kills more than 600 people, officials say
Flood water breaks a river bank and overflows into a settlement in Lokoja, Nigeria October 13, 2022. Afolabi Sotunde | Reuters More than 600 people have died and more than 1.3 million have been displ...
Hasbro (HAS) reports Q3 earnings
A worker arranges boxes of Hasbro board games on a shelf at a Target Corp. location in Emeryville, California. David Paul Morris | Bloomberg | Getty Images Hasbro reported third-quarter earnings Tuesd...
Goldman Sachs pivot from Marcus shows that disrupting retail banking is hard
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product...
Peloton Chief People Officer Shari Eaton leaving company
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton‘...
Relativity Space expansion at NASA’s Stennis for rocket engine testing
A map of the company’s expansion plans at NASA’s Stennis space center in Mississippi. Relativity Space Relativity Space, which 3D-prints rockets, said Tuesday that it signed a deal to expa...
Hasbro, Salesforce, Carnival, Lockheed Martin & more
Hasbro Inc. toys from based on “Marvel’s The Avengers” movie sit on the shelf at a Target Corp. store in Union, New Jersey, U.S., on Wednesday, Aug. 22, 2012. Bloomberg | Bloomberg | Getty Images Chec...