One of the turbines at the Hornsea 2 offshore wind farm. According to Danish energy firm Orsted, the facility has a capacity of more than 1.3 gigawatts. Orsted A facility described by Danish energy fi...
Tag: business news
Cheapest airline tickets? How to save money on flights and airfare
There are many ways to save money on flights. But booking airfare on a certain day of the week isn’t one of them, according to data from Google Flights. Booking mid-week — and especially Tuesday...
Jim Cramer says he likes these 5 liquified natural gas stocks for the long haul
CNBC’s Jim Cramer highlighted Wednesday five companies involved in the liquified natural gas industry that he believes could be worthwhile long-term investments. When the market gets challenging...
‘House of the Dragon’ co-showrunner Miguel Sapochnik leaving series
Miguel Sapochnik attends HBO Original Drama Series “House Of The Dragon” World Premiere at Academy Museum of Motion Pictures on July 27, 2022 in Los Angeles, California. Jon Kopaloff | Wir...
CVS Health is a buy
Canoo: “Profits. That would really go a long way [in making the stock a better investment right now].” Apa Corporation: “I like Apache. I think it’s got a lot of natural gas. [...
Jobless claims total 232,000, the lowest level in two months
Initial filings for unemployment insurance fell to their lowest level since late June last week, a sign that the labor market is resilient amid a slowing economy. Claims totaled 232,000 for the week e...
Fed likely to keep hiking until there’s economic deterioration
CNBC’s Jim Cramer said Wednesday he expects the Federal Reserve to keep raising interest rates until there is clear evidence that the U.S. economy has slowed down. While some hoped the Fed may s...
Hormel Foods, Campbell Soup, Ciena and others
Check out the companies making headlines before the bell: Hormel Foods (HRL) – Hormel fell 4.2% in the premarket after issuing a mixed batch of quarterly results and guidance. The food producer’...
SpaceX wins $1.4 billion NASA contract for 5 more astronaut missions
The SpaceX Falcon 9 rocket, carrying astronauts Doug Hurley and Bob Behnken in the Crew Dragon capsule, lifts off from Kennedy Space Center, Fla., on Saturday, May 30, 2020. The SpaceX Demo-2 mission ...
Okta, Nutanix, Five Below and more
The inside of one of Five Below’s existing locations. Five Below Check out the companies making headlines after hours. Pure Storage — The tech stock jumped 7% after the data storage developer su...
Despite recession fears, most investors haven’t shifted 401(k) assets
Morsa Images | E+ | Getty Images Many investors worry a recession is coming amid rising interest rates, high inflation and stock market volatility. But the majority haven’t changed their portfol...
Walmart-owned Sam’s Club raises annual membership fee for first time in 9 years
A sign hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson |Getty Images Walmart-owned Sam’s Club said Wednesday it will raise its annual fees this fa...
Stricter standards needed for carbon offsets, several House reps urge
Riverside industrial pulp mill showing smokestacks and stream releases as the facility operates on a sunny afternoon. Education Images | Universal Images Group | Getty Images Several House Democrats t...
Bed Bath & Beyond announces store closures, layoffs and new financing to fix struggling business
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond on Wednesday announced swift and significant steps it is t...
Walmart invests in ranchers’ company as shoppers favor premium beef
The assortment in Walmart’s beef department has reflected changing consumer preferences, as more of them opt for higher quality cuts of meat. Melissa Repko | CNBC As more grocery shoppers opt fo...
Identity crime is at an all-time high. Here are 3 ways to protect yourself
d3sign | Moment | Getty Images Pandemic spurred jump in identity theft Since the beginning of 2020, consumers have lost about $886 million in fraud specifically linked to Covid-19, as criminals have l...
Bosch $200 million investment fuel cells South Carolina
The Robert Bosch GmbH logo sits on the exterior of Messe Stuttgart exhibition center as automobiles pass in Stuttgart, Germany, on Monday, July 18, 2016. Michael Nagle | Bloomberg | Getty Images Germa...
Toyota says it will invest extra $2.5 billion in North Carolina plant
A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. The firm is trying to make headway in the increasingly competitive electric vehicle market. Toru Hanai | Bloomberg | Getty Images ...
Mortgage demand falls even further, as rates shoot back up to July highs
A real estate consultant shows a condo to a prospective buyer in Miami, Florida. Joe Raedle | Getty Images After falling back earlier this month, mortgage rates began rising sharply again to the highe...
Autonomous delivery company Gatik wins new pilot program with Pitney Bowes in Dallas
Gatik’s class 6 box truck is deployed for Pitney Bowes Source: Gatik Logistics company Pitney Bowes will begin testing automated short-haul delivery trucks from startup Gatik under a new pilot p...
Europe’s extreme weather risks smaller harvests and higher food prices
British farmers have warned that the country’s hot and dry conditions will inevitably lead to smaller harvests this year. Planet One Images | Universal Images Group | Getty Images In a typical y...
G20 faces ‘tough’ negotiations on climate
U.S Special Presidential Envoy for Climate John Kerry (right) with President of COP26 Alok Sharma at the G-20 Joint Environment and Climate Ministers’ Meeting in Nusa Dua, Indonesia’s Bali...
Klarna losses triple after aggressive U.S. expansion and mass layoffs
The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news f...
Private payrolls grew by just 132,000 in August
A hiring sign is seen in a cafe as the U.S. Labor Department released its July employment report, in Manhattan, New York City, August 5, 2022. Andrew Kelly | Reuters Companies sharply slowed the pace ...
JOLTS July 2022:
A “Now Hiring” sign is posted at a Home Depot store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images There were nearly 1 million more job openings than expected...
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
Loretta Mester at Jackson Hole, Wyoming David A. Grogan | CNBC Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central b...
Designer Brands, Express, Chewy and more
Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear and accessories retailer reported better-than-expected profit and revenue for its latest quarter and rais...
China is set to convene a historic meeting on Oct. 16. Here’s what to expect
Chinese President Xi Jinping is widely expected to further consolidate his power at a twice-a-decade congress this fall. He is pictured here on July 1, 2022, at a swearing-in ceremony for Hong Kong...
Baidu claims its robotaxis have grabbed 10% of a ride-hailing market
Chinese tech giant Baidu’s robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday Vcg | Visual China Group | Getty Images BEIJING — In less tha...