The economy faces a heightened risk of a recession, Ford (F) CEO Jim Farley told CNBC on Tuesday, a week after the automaker warned investors of $1 billion in unexpected supplier costs and parts short...
Tag: business news
Hurricane Ian makes landfall near Sanibel, Captiva Islands, Florida
Hurricane Ian made landfall over the west coast of Florida as a category 4 storm on Wednesday afternoon, according to the National Hurricane Center. The storm greatly intensified as it neared land, re...
A single dose of monkeypox vaccine provides some protection against infection, CDC says
Los Angeles, CA – August 10: Luis Garcia, a registered nurse, prepares Monkeypox virus vaccine at St.John’s Well Child & Family Center on Wednesday, Aug. 10, 2022 in Los Angeles, CA. I...
Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations
Ken Griffin, Citadel at Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Ken Griffin, Citadel’s founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even ...
Covid vaccination tied to increase in length of menstrual cycle: NIH
A healthcare worker administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, U.S., on Wednesday, Jan. 26, 2022. Va...
Lionsgate leans toward spinning off studio business instead of Starz
Michael Burns Michael Newberg | CNBC Lionsgate is leaning toward spinning off its studio division rather than its Starz cable and streaming unit, according to people familiar with the matter. This wou...
Apple, Netflix, Biogen, Canopy Growth and more
A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making headlines in midday trading. Apple — Apple shares fell 3.4% on Wednesday following a report that th...
Economy flights from Moscow to Dubai hitting $5,000 as Russians flee
The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images ...
Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect
Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not end well for t...
Netflix is losing the streaming war amid Disney+’s rapid growth
Over the past 25 years, Netflix has changed the film and television landscape. The company has amassed nearly 221 million subscribers across 190 countries, billions of hours watched for popular series...
Ray Dalio says UK’s economic plan suggests incompetence
Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022. Bloomberg | Bloomberg |...
Biogen, Thor Industries, Lyft and more
Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen soared 45.6% in premarket trading after Biogen and Japanese partner Eisai said their experimental Alzheimer’s dru...
Mortgage refinancing drops to a 22-year low
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, cau...
Revenue jumps 17% in first half of 2022
Lego Star Wars toys sit on display inside a Toys “R” Us Inc. store in Paramus, New Jersey, U.S., on Tuesday, Nov. 26, 2019. Bloomberg | Getty Images Lego sales are building on pandemic-era...
The one tip to fund full-time travel
“What if I were to die tomorrow, what would you do for the rest of your life?” That’s what Malaysian Samantha Khoo asked her Singaporean husband Rene Sullivan in 2017, when he came ...
GE to convert gas-fired power station into battery storage facility
Pylons photographed in the U.K. The project involving Centrica and GE will store energy from onshore wind farms in Lincolnshire. Gareth Fuller | PA Images | Getty Images A decommissioned gas-fired pow...
Jim Cramer says these 5 high-yielding stocks have his stamp of approval
CNBC’s Jim Cramer on Tuesday offered investors a list of five high-yielding stocks they should have on their shopping lists. Here is his list: Ford KeyCorp Federal Realty Devon Energy ONEOK The ...
Ford unveils new F-Series Super Duty trucks
2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor is redesigning a pivotal product lineup, leaning on new software and connected data metrics, to boost profits in its commercial vehicle bus...
Harmonic is not a buy
Harmonic Inc: “Sells way too high on a price-to-earnings multiple for me to recommend when there’s so many cheaper stocks out there.” Cloudflare Inc: “It is okay to buy. I know...
Hugh Jackman is back as Wolverine in Ryan Reynolds’ ‘Deadpool 3’
Ryan Reynolds stars in “Deadpool 2.” 20th Century Fox Hugh Jackman will enter the Marvel Cinematic Universe alongside Ryan Reynolds in “Deadpool 3,” which is due out in theater...
12 stocks that underscore the carnage in the IPO market
CNBC’s Jim Cramer on Tuesday highlighted his list of “dirty dozen” companies that exemplify the losses incurred by investors who funneled their cash into initial public offerings and...
Walt Disney World, Universal to close Florida parks
Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images As Hurricane Ian nears the west coast of Florida, the Walt Disney Company and Comcast‘s Universal Studios...
NASA’s Artemis I moon mission is likely delayed until November
NASA’s giant Artemis 1 moon rocket is rolled back to the Vehicle Assembly Building off its lauchpad, after postponing the much-anticipated mission a third time due to the arrival of Hurricane Ia...
Feds sought to jail father while son is at large
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Federal authorities sought to detain one of the men charged in an alleged multiyear fraud scheme involving a neighborhood deli in a small New Jersey to...
Phil Mickelson and other LIV golfers drop out of antitrust suit against PGA Tour
Team Captain Phil Mickelson of Hy Flyers GC is seen on the 18th tee during Day Two of the LIV Golf Invitational – Chicago at Rich Harvest Farms on September 17, 2022 in Sugar Grove, Illinois. Ch...
Stock market losses wipe out $9 trillion from Americans’ wealth
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. Brendan McDermid | Reuters Falling stock markets have wiped out more than $9 trillion in wealth from U....
Texas AG Paxton fled home with his wife to avoid subpoena in abortion case
Texas Attorney General Ken Paxton fled his home to avoid being served a subpoena Monday in a federal lawsuit filed by groups seeking to help Texans receive out-of-state abortions, court filings show. ...