GameStop — GameStop surged 9.2% before the bell despite sharing a widening quarterly loss and declining sales. The video game retailer also announced a partnership with crypto exchange FTX. GameStop&#...
Tag: business news
Nio says Nvidia chip restrictions won’t hurt them
Chinese electric car company Nio said it doesn’t expect U.S. restrictions on Nvidia to affect the start-up’s business operations. Vcg | Visual China Group | Getty Images Li said Wednesday ...
United Airlines raises bet on electric air taxis with 200 aircraft from upstart Eve
United Airlines ordered 200 Eve Evtol aircraft. Source: United Airlines United Airlines is pouring more money into the future of electric air taxis, which the carrier says could help reduce carbon emi...
Moviegoing won’t return to pre-pandemic levels, says Disney’s Bob Iger
Robert Iger attends the Stella McCartney “Get Back” Capsule Collection and documentary release of Peter Jackson’s “Get Back” at The Jim Henson Company on November 18, 202...
U.S. monkeypox outbreak is slowing as vaccines become more accessible, health officials say
The U.S. monkeypox outbreak is slowing as vaccines have become more available and there’s broader public awareness about what actions individuals can take to lower their risk of infection, accor...
GameStop (GME) Q2 2022 earnings
SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after...
New York ends mask mandate for subways, buses and other mass transit
A Metropolitan Transportation Authority (MTA) logo is displayed on the side of a subway train in Manhattan, New York on June 2, 2021. Ed Jones | AFP | Getty Images New Yorkers are no longer required t...
New Fed banking chief targeting crypto and climate change as top priorities
President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions durin...
Saudi Arabia, GCC demand Netflix remove content that ‘violates Islamic values’
Jakub Porzycki | Nurphoto | Getty Images Saudi Arabia and five other Gulf Arab countries issued a joint statement demanding that Netflix remove content they say “violates Islamic and societal va...
California avoids widespread rolling blackouts as heat strains grid
A temperature sign at an El Dorado Savings Bank during a heatwave in Sacramento, California, on Tuesday, Sept. 6, 2022. David Paul Morris | Bloomberg | Getty Images California has avoided ordering rol...
Fed Vice Chair Brainard vows ‘we are in this for as long as it takes’ to stop inflation
Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate increases and ...
Homeowners lose wealth as rising interest rates weigh on home values
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates wei...
UiPath, ChargePoint, Twitter and more
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies ...
Outgoing Starbucks CEO Howard Schultz says he won’t return for a fourth stint
Outgoing Starbucks CEO Howard Schultz says that he’ll never return to the top job after the coffee giant announced a new succession plan last week. “I’m never coming back again, beca...
Harbinger EV startup medium trucks NAIAS 2022
Harbinger EV truck Jack Schroeder | Harbinger A new Los Angeles-based electric vehicle startup founded by veterans of Canoo and QuantumScape said Wednesday it’s preparing to shake up the medium-...
Target CEO Brian Cornell to stay on for three more years, as company scraps retirement age
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation. Anjali Sundaram | CNBC Target CEO Brian Cornell has agreed to stay on in his role for about three more years, as the reta...
Nio reports wider second-quarter loss despite increase in EV shipments
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio had a loss of $409...
Market bracing for another three-quarter point hike from the Fed this month
Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. Mandel Ngan | AFP | Getty Images Traders are now seeing a near-certainty that the Fede...
Coupa, UiPath, Nio and more
Check out the companies making headlines before the bell: Coupa Software — Shares surged 11.6% after the business management software company surpassed earnings estimates in its recent quarter, and is...
Coupa Software, GitLab and more
Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio. Ty Wright | Bloomberg | Getty Images Check out the companies making headlines in extended tr...
Mortgage demand drops further as interest rates shoot back to June high
GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housin...
Chelsea sack Thomas Tuchel
Chelsea sit sixth in the Premier League with 10 points. Jurij Kodrun | Getty Images Sport | Getty Images Chelsea have sacked head coach Thomas Tuchel six matches into the Premier League season. Chelse...
As Elon Musk backs fossil fuels, one strategist sends warning over EV sales
The uptake of electric vehicles has increased in recent years, as countries around the world attempt to reduce the environmental effects of transportation. Simonskafar | E+ | Getty Images Recent comme...
Fish and chip shops fear for survival as energy, prices surge
SKEGNESS, England – Aug. 30, 2022: Salt’s fish and chip shop in Skegness, Lincolnshire. Manager Liam Parker told CNBC the family business is looking to cut costs through the winter as soar...
Water is a critical part of the energy mix
This image, from August 2022, shows a stretch of the Rhine in Germany, which plays a key role in the transportation of goods such as coal. Christoph Reichwein | Picture Alliance | Getty Images The lin...
People who recently caught Covid can wait to get omicron booster, health official says
People walk by a Covid-19 testing site at Times Square on May 12, 2022 in New York City. Liao Pan | China News Service | Getty Images People who recently caught Covid can wait a few months to get a ne...
Trump SPAC adjourns shareholder meeting as it seeks to delay merger deadline
The former US President announced his intention to create a new social media platform after he was banned from Facebook and Twitter last year. Leon Neal | Getty Images Digital World Acquisition Corp. ...
Lowe’s chief marketing officer Marisa Thalberg leaves company in shakeup
Marisa Thalberg, executive vice president and chief brand and marketing officer. Source: Marisa Thalberg Lowe’s chief marketing officer Marisa Thalberg has left the retailer as part of a broader...
Euro-dollar exchange rate yields steep discount for Americans
Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative t...