US President Joe Biden speaks about the DISCLOSE Act at the Roosevelt Room of the White House in Washington, DC on September 20, 2022. Saul Loeb | AFP | Getty Images The Biden administration announced...
Tag: business news
Wall Street’s fear gauge hits highest level since June
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters A measure of fear in stocks just hit the highest level in three months a...
PG&E, Lyft, Las Vegas Sands, more
Check out the companies making headlines before the bell: Planet Fitness — Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from m...
Singapore’s Temasek leads investment in Chinese start-up Well-Link
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassb...
ETF popularity hits record number
ETFs are seeing a record surge in popularity. The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, acc...
Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Shares of D...
Ford’s supply chain problems include blue oval badges for F-Series pickups
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for Ford Motor have included ...
Inside the $250 million penthouse on ‘Billionaires’ Row’
A penthouse atop the world’s tallest residential building − listed for $250 million − is marking the biggest test of the ultra-luxury real estate market at a time of falling sales and growing ec...
Cruise lines’ stocks fall after Fed rate hike raises concerns about debt, recession
People come out to watch the new Carnival Cruise Line ship Mardi Gras as it departs on its maiden voyage, a seven-day cruise to the Caribbean from Port Canaveral, Florida on July 31, 2021. Paul Hennes...
FedEx, Boeing, Domino’s and more
Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boein...
Emilio Estefan talks about the challenges of Latino representation in media
Legendary music producer Emilio Estefan weighed in with his take on how to boost Latino representation in showbiz. Latinos, he said, should be true to their identities. “I feel proud that I didn...
Hedge funds ramp up market bets as volatility brings the asset class back into favor
Traders work on the floor of the New York Stock Exchange on September 21, 2022 in New York City. Michael M. Santiago | Getty Images The extreme market volatility is not causing hedge funds to back dow...
Over 60% of Fortune 1000 corporate boards lack Latino representation
Latinos are the second largest demographic population in the United States, but they are vastly underrepresented on corporate boards, according to a new report by the Latino Corporate Directors Associ...
Turn its debt into a new cryptocurrency
Since bankrupt crypto lender Celsius froze withdrawals in June, customers’ funds have been in limbo. Now, leaked audio shared with CNBC reveals a preliminary plan to compensate them. The company...
Lauren Taylor Wolfe says it’s just too risky for investors to ignore ESG amid recent pushback
(Click here to subscribe to the Delivering Alpha newsletter.) According to Deloitte, global ESG assets under professional management could be worth $80 trillion by 2024. But this growth in popularity ...
Costco isn’t raising membership fees after earnings beat expectations
Shoppers wait in a check-out line at a Costco wholesale store in Orlando, Florida. Paul Hennessy | Sopa Images | Lightrocket | Getty Images Costco is still holding off on raising its membership fees a...
JetBlue fleet service workers seek union vote
A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images A major airline union said Friday that it has enough support am...
Pairing up? How to know when it’s time to combine your finances
Hispanolistic | E+ | Getty Images Money may not be top of mind if you’re in love, but it deserves some serious consideration if you want a lasting relationship. A partnership that pools resource...
FedEx, Costco, Boeing and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in an...
Electric vehicle (EV) sales set to hit an all-time high in 2022, IEA says
Tesla electric cars photographed in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales are on course to hit an “all-time high” this year. Sean ...
Liz Truss pursues ‘trickle-down economics’ despite scorn from Biden
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the ...
Boston Celtics suspend head coach Ime Udoka for upcoming season
Celtics head coach Ime Udoka (left) did not agree with a referee (right) in the second quarter during a game between the Boston Celtics and the Golden State Warriors, Game Six of the NBA Finals at the...
Charts suggest inflation could soon come down ‘substantially,’ Jim Cramer says
CNBC’s Jim Cramer on Thursday said that inflation could soon decline, leaning on charts analysis from legendary technician Larry Williams. “The charts, as interpreted by Larry Williams, su...
I like Boston Scientific over Medtronic
Dow Inc: “Don’t buy it back. … It’s just not right.” SoFi Technologies Inc: “This stock is too cheap. … The CEO is going to make you money if you buy that sto...
3 recent tech trends show the Fed’s inflation push is working
CNBC’s Jim Cramer on Thursday said that based on his conversations with CEOs, tech companies are feeling the Federal Reserve’s push against inflation. “While some of these tech compa...
Boeing to pay $200 million to settle charges in 737 Max probe
A Boeing 737 MAX 7 aircraft lands during an evaluation flight at Boeing Field in Seattle, Washington, September 30, 2020. Lindsey Wasson | Reuters Boeing will pay $200 million and then-CEO Dennis Muil...
HSBC warns investors to avoid European stocks in the search for value
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada ...
Stocks making the biggest moves after hours: Costco, DocuSign, Scholastic
Customers carry their items after shopping at Costco in Washington D.C., May 5, 2021. Ting Shen | Xinhua News Agency | Getty Images Here are the stocks making notable moves in extended trading: Costco...
FedEx (FDX) reports Q1 earnings
A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last we...