A five pound commemorative crown piece coin featuring the head of King Charles III held by an employee of the Royal Mint in London, UK, on Thursday, Sept. 29, 2022. Bloomberg | Bloomberg | Getty Image...
Tag: business news
Nike, Micron, Amylyx and others
Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket after it reported a 44% increase in inventories for its latest quarter, and said it would offer...
Jim Cramer says this ‘trifecta’ needs to see dampening inflation for the Fed to stop raising rates
CNBC’s Jim Cramer on Thursday said that there are three crucial areas where inflation needs to come down for the Federal Reserve to stop inflicting pain on the stock market. “They’re...
Charles River is a buy
Sherwin-Williams Co: “The price-to-earnings multiple is still way too high on that stock. … I think the stock goes lower.” Cassava Sciences Inc: “This is the kind of company th...
CarMax’s earnings miss is a win for the Fed against inflation
CNBC’s Jim Cramer on Thursday told investors that used car retailer CarMax‘s recent earnings shortfall is good news for the Federal Reserve’s quest to tamp down inflation. “Whe...
Singapore Grand Prix is tough but he’s excited
After a two-year hiatus thanks to the pandemic, the Singapore Grand Prix — Formula One’s first ever night race — is roaring back this Sunday on a circuit that Oracle Red Bull’s Max Verstap...
Nike (NKE) earnings Q1 2023
A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first ...
Disney names Alisa Bowen president of Disney+
In this photo illustration, a hand holding a TV remote control in front of the Disney Plus logo on a TV screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images The Walt Disney Company has n...
Toyota CEO doubles down on EV strategy amid criticism it’s not moving fast enough
A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC LAS VEGAS – Toyota Motor is standing by its electric vehicle strategy, including hybrids like the Prius, following...
Phil Collins, bandmates sell music rights, but Peter Gabriel opts out
British Pop and Rock musician Phil Collins of the group Genesis performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 14, 1981. Paul Natkin | Archive Photos | Getty Images Do you like...
Bed Bath & Beyond’s rare bright spot just reported a big drop in sales
A customer carries a Buy Buy Baby shopping bag in New York, US, on Thursday, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Buybuy Baby has been a rare bright spot for struggling Bed Bath &...
PGA Tour countersues LIV Golf in antitrust fight
Signs are posted at the LIV golf tournament on Thursday, Sept. 15, 2022, at Rich Harvest Farms in Sugar Grove, Illinois. Brian Cassella | Tribune News Service | Getty Images The PGA Tour filed a count...
Summer’s over, but the European travel season isn’t
This photograph taken on August 7, 2018, shows an American Airlines Airbus A330-243 aircraft on the tarmac at Roissy-Charles de Gaulle Airport, north of Paris. Joel Saget | AFP | Getty Images Airline ...
Lordstown Motors RIDE begins production of Endurance EV pickup
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors sa...
Bed Bath & Beyond (BBBY) Q2 2022 earnings
Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. Its shares bounced around in premarket trading, as inv...
Peloton to sell Bikes, Treads at Dick’s Sporting Goods stores
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 will b...
Apple, CarMax, Coinbase, Peloton and more
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed 5% followi...
U.S., South Korea working to rectify problems on EV subsidies: Korea minister
South Korean and U.S. officials are working toward a “concrete proposal” to resolve their differences over electric vehicle subsidies, South Korea’s trade minister told CNBC. “...
Apple, CarMax, Bed Bath & Beyond and more
Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relativel...
Porsche shares rise in landmark Frankfurt debut
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche shares rose in their stock market debut Thursday, in o...
Vestas launches ‘world’s tallest onshore tower for wind turbines’
A Vestas wind turbine photographed in Denmark. The company said Tuesday it would launch an onshore wind turbine tower with a hub height of 199 meters. Jonas Walzberg | Picture Alliance | Getty Images ...
India’s startup market has tremendous potential
India’s startup market is worth betting on, though it’s still “a few years” behind China’s, Facebook co-founder Eduardo Saverin said. During a panel discussion at the Fo...
Wolfspeed is not a buy
Enovix Corp: “I have to say [sell] because It costs too much money.” Wolfspeed Inc: “I’m going to tell you not to buy. This stock doesn’t make money.” Stem Inc: ...
Charts suggest it’s time to ‘hold your nose and buy something’
CNBC’s Jim Cramer on Wednesday said investors should consider buying some stocks while investor sentiment is extremely negative, leaning on charts analysis from technician Ralph Vince. “Th...
McDonald’s rejects franchise owners’ request to delay big changes, letter says
A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group r...
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout...
Jim Cramer says Wednesday’s market rally was ‘based on a dream’
CNBC’s Jim Cramer said that Wednesday’s rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation. “The momen...
Jobless claims hit five-month low despite Fed’s efforts to slow labor market
A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah Silbiger | Reuters Initial filings for unemployment claims fell last we...
Pension fund panic led to Bank of England’s emergency intervention
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal...
China’s central bank PBOC warns against yuan speculation
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its ...
Supreme Court to allow public at hearings, first time since Covid
A crosswalk signal is seen outside the U.S. Supreme Court building in Washington, U.S., June 27, 2022. Elizabeth Frantz | Reuters The Supreme Court starting Monday will allow members of the public to ...