MGM Resorts International: “I don’t really care for that group, but you know what, I think anything can bounce in that business.” Rio Tinto PLC: “I do think that it represents ...
Tag: business news
Investors will be ‘rewarded’ when the Fed stops hiking rates
CNBC’s Jim Cramer on Tuesday told investors that good things will come to those who wait for the Federal Reserve to stop raising interest rates. “I always say there’s no give without...
Jim Cramer goes over the best and worst Q3 performers in the S&P 500
CNBC’s Jim Cramer on Tuesday gave his take on the winning and losing stocks in the S&P 500 during the third quarter. “This is a harsh market with harsh criteria. Constellation Energy a...
Charts suggest Twitter, Valero and Occidental could rally
CNBC’s Jim Cramer on Tuesday said that there are three stocks that could be set to rally. “The charts, as interpreted by Carolyn Boroden, suggest that Twitter, Valero and Occidental [Petro...
Risk of Covid death almost zero for people who are boosted and treated, White House Covid czar says
People who stay up to date on their vaccines and receive treatments when they have breakthrough infections face almost no risk of dying from Covid-19, a top health official said on Tuesday. Dr. Ashish...
U.S. is tracking omicron subvariants but booster should protect
The U.S. is tracking several coronavirus omicron subvariants that more easily evade immunity, but the new booster shots should protect against them, a top health official said on Tuesday. Health offic...
FBI found gold, cash on fake billionaire fugitive Justin Costello
Prosecutors on Tuesday asked a California federal judge to jail without bail a recent fugitive accused of a brazen $35 million fraud that involved him falsely telling investors he was a billionaire, a...
What to look for in your credit report to lower borrowing costs
vitapix | E+ | Getty Images Your credit score can make or break your ability to open a credit card or buy a new car or home at attractive interest rates. To boost your score, you need to know where yo...
$100 million NJ deli case: Defendants plead not guilty
Your Hometown Deli in Paulsboro, N.J. Google Earth CAMDEN, N.J. – Two men charged in an alleged stock-manipulation scheme involving a small-town New Jersey deli pleaded not guilty Tuesday morning. Pet...
Poliovirus found in Brooklyn and Queens sewage, New York health officials say
Polio virus particle, computer illustration. Kateryna Kon | Science Photo Library | Getty Images New York Gov. Kathy Hochul has extended the state of emergency declared in response to the spread of po...
Heiress Abigail Disney on how to bring magic back to capitalism
NEW YORK, NEW YORK – SEPTEMBER 20: Abigail Disney speaks at Firehouse DCTV’s Cinema For Documentary Film Ribbon Cutting Ceremony on September 20, 2022 in New York City. (Photo by Santiago ...
American Airlines raises revenue forecast after strong summer travel season
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines said Tuesday that its third-quarter sales likely came in better than it previously e...
Mortgage rate is over 7% and it’s getting harder to qualify for loan
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the pop...
London Heathrow says the demand for air travel remains uncertain
The biggest airport in Europe by passenger numbers, London’s Heathrow, is not expecting to come into profit this financial year. Anadolu Agency / Contributor / Getty Images LONDON — Europe’...
Honda’s new $4.4 billion EV battery plant will be built in Ohio
An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Ty Wrig...
Delta invests in electric air taxi startup Joby, plans last-mile airport service
A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company’s initial public offering in New York, U.S., on Aug. 11, 202...
Lyft president still thinks driverless cars will dominate ride-share
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angele...
GM Energy launches to connect homes, businesses with EV chargers, energy storage
Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC General Motors on Tuesday said that it is forming a new business unit to offer stationary battery packs, so...
Consumer inflation and spending expectations show sharp decline
A gasoline nozzle pumps gas into a vehicle in Los Angeles, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Inflation expectations and the outlook for household spending growth fe...
N26 losses widen after ramping up spending on fraud controls
The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images German mobile bank N26 reported Tuesday a sharp rise in annual revenues as usage of its plat...
China rushes to control new Covid cases across the country
Workers in Shanghai’s Changning district put up fencing on Oct. 7, 2022, around a neighborhood lockdown after reports of new Covid cases. Hector Retamal | Afp | Getty Images BEIJING — New Covid ...
More flights in Asia may cause airfares to fall, but it may take time
Many flights that were canceled during the pandemic are returning to the skies this month. Last week, Singapore Airlines and Scoot announced they’re adding dozens of flights to cities across Asi...
BlackBerry is not a buy
Moody’s Corp: “They’re such a good company, but there’s been so little issuance for them to rate to begin with.” BlackBerry: “I’ve been against them the whole...
Jim Cramer goes over the best and worst Q3 performers on the Dow
CNBC’s Jim Cramer on Monday named the biggest losers and winners on the Dow Jones Industrial Average during the third quarter. “Anything economically sensitive has been crushed and even hi...
Market rallies will be temporary until the Fed beats inflation
CNBC’s Jim Cramer on Monday warned that any market rally will be temporary until the economy cools down. “Right now you can get a bounce. Without some more data that shows the Fed’s ...
GM, Ford shares tumble after UBS downgrades cite weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Mo...