Railroads and workers’ unions reached a tentative labor agreement early Thursday to avert a national rail strike that threatened to shut a major segment of the U.S. transportation network. The l...
Tag: business news
How to save money as food inflation jumps more than 11% in a year
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past...
Global shipping companies now want to fly their goods too
French company CMA CGM launched its air cargo division in March 2021. Urbanandsport | Nurphoto | Getty Images Ocean freight companies are adding air cargo to their businesses as shippers look for a &#...
Walmart unveils virtual fitting room to push shoppers to buy more clothes
Walmart is rolling out its latest version of virtual try-on, which allows shoppers to upload an image of themselves and see how items would look. Walmart As some shoppers reduce their spending on clot...
Retail sales August 2022:
People shop at a 99 Cents retail store in the Bronx borough of New York City, U.S., July 13, 2022. Shannon Stapleton | Reuters Retail sales numbers were better than expected in August as price increas...
Rail stocks, Arconic, NextEra Energy and more
Check out the companies making headlines before the bell: Union Pacific (UNP), CSX (CSX), Norfolk Southern (NSC) – Rail stocks are all higher in the premarket following news of a tentative agreement t...
How China workers stack up against the US, UK and Brazil
Unemployment among China’s youth aged between 16 and 24 has surged to nearly 20%, according to an official survey for July. Pictured here is a job fair in Beijing on Aug. 26, 2022. Jade Gao | Af...
Gas-powered muscle car to take on electric rivals
2024 Ford Mustang Source: Ford DETROIT — Ford Motor has always considered the Mustang to be in a league of its own. That may soon prove true, with the seventh generation of the famed American pony car...
Terran Orbital is not a buy
Roblox Corp: “I am not in favor of companies that are losing money.” Marvell Technology Inc: “I’m going to talk about it in tomorrow’s [CNBC Investing Club] meeting. R...
Charts suggest oil will bounce short term then head lower
Oil’s current run will likely be short-lived as it’s poised to fall later this fall, CNBC’s Jim Cramer said on Wednesday. “The charts, as interpreted by Carley Garner, suggest ...
These 5 real estate stocks are attractive opportunities
CNBC’s Jim Cramer on Wednesday offered investors a list of five real estate investment trusts they should consider adding to their portfolios. “While most retail stocks are horrible right ...
Jim Cramer says Wall Street should stop the ‘time to get out’ calls
CNBC’s Jim Cramer on Wednesday said that investors urging traders to exit the market while they still can are about a year too late. “I’m done with all the ‘now is the time to ...
NextEra, Danaher, Rhythm Pharmaceuticals and more
Wind turbines at the San Gorgonio Pass wind farm, owned by NextEra Energy Inc., in Whitewater, California, on Wednesday, Feb. 17, 2021. Bing Guan | Bloomberg | Getty Images Check out the companies mak...
Patagonia founder donates entire company to fight climate change
Yvon Chouinard, founder and owner of Patagonia. Courtesy of Jeff Johnson and Patagonia Patagonia founder Yvon Chouinard, his spouse and two adult children are giving away their ownership in the appare...
Biden announces first round of funding for EV charging network across 35 states
President Joe Biden announced Wednesday the release of the first round of funding for a nationwide electric vehicle charging network, financing the construction of stations in 35 states. “I̵...
United Airlines partners with one-time foe Emirates, will launch Dubai flights
Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021. Aaronp / Bauer-Griffin | GC Images | Getty Images United Airlines and Emirates will sell seat...
How to avoid a penalty by making quarterly tax payments by Sept. 15
If you haven’t been sending part of your income to the IRS in recent months, this week is the last chance to avoid a tax penalty. The deadline for third-quarter estimated taxes is Sept. 15, appl...
Jim Beam ramps up bourbon production in $400 million renewable energy push
Bottles of Jim Beam Kentucky Straight Bourbon whiskey stand on display during a news conference in Tokyo, Japan, Jan. 30, 2020. Noriko Hayashi | Bloomberg | Getty Images Beam Suntory said Wednesday it...
Ford asks dealers to invest in EVs as it chases Tesla-like profit
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reut...
Cathie Wood’s contrarian deflation call gets endorsements from Elon Musk, Jeffrey Gundlach
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Flo...
Carriers won’t lock out workers, negotiators meet with Labor secretary
Negotiators from railroad carriers and unions met in Labor Secretary Marty Walsh’s office Wednesday as the sides tried to negotiate a deal ahead of Friday’s strike deadline. The meeting st...
Ares Management CEO Michael Arougheti breaks down where to find yield in a world of uncertainty
(Click here to subscribe to the Delivering Alpha newsletter.) Inflation, a hawkish Fed, fears of a recession have all made 2022 a tough environment for investing. A traditional portfolio of stocks an...
Stay diversified, watch these stocks, why we made a trim
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. Keep portfolios diversif...
Twilio, Starbucks, Nikola, Moderna and more
A cup of Starbucks coffee sits on a table in a cafe. Joel Boh | Reuters Check out the companies making headlines in midday trading. Starbucks — Shares jumped 6% after the coffee chain raised its long-...
GameStop Gods Unchained NFT trading cards to loyalty program perks in digital world push
Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop is adding NFT trading cards for the virtua...
SpaceX Starship has potential but not ready yet
Starship prototype #24 conducts a test firing of six of its Raptor engines at the company’s facility near Brownsville, Texas on Sept. 8, 2022. SpaceX PARIS — The leader of a Northrop Grumman sub...
Volvo starts series production of heavy-duty electric trucks
This image shows workers at Volvo Trucks’ plant in Sweden. Volvo Trucks Volvo Trucks said Wednesday that production of three heavy duty electric truck models was now underway, with its president...
Here’s how much you can save
Largely out of necessity, consumers are getting creative about stretching their dollars. After inflation hit back-to-school budgets hard and as families are feeling the weight of holiday expectations,...
Producer price index August 2022:
The prices that producers receive for goods and services declined in August, a mild respite from inflation pressures that are threatening to send the U.S. economy into recession. The producer price in...
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
A person shops in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters For the better part of a year, the inflation narrative among many economis...
Inflation rose 0.1% in August even with sharp drop in gas prices
Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a broa...