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Tag: Business
Axie Infinity’s Ronin Bridge Open for Business After $600 million hack
Axie Infinity was the victim of one of the biggest crypto heists in March this year. The massive $625 million hack shook the crypto space, with crypto investors asking if the security concerns will ev...
Biden Interior Dept offers option for new oil leases in Gulf of Mexico
An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration rel...
Walmart to respond to Roe v Wade abortion decision, CEO says
Walmart CEO Doug McMillon speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Walmart CEO Doug McMillon told employees on Friday that the company is weighing how to r...
Fourth of July travel surge puts airlines — and passengers — to the test
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Fourth of July holiday weekend will put airlines to the test after a messy spring angered travelers and drew shar...
Self-driving cars from GM’s Cruise block San Francisco streets
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images Automotive and tech executives long promised autonomous vehicles would drive be...
Kohl’s ends sale talks with Franchise Group, lowers outlook
Kohl’s announced Friday that it is terminating talks to sell its business, saying that the retail environment has significantly deteriorated since the beginning of its bidding process. The Kohl&...
General Motors (GM) Q2 2022 US sales
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15%...
Kohl’s real estate sale on the table after deal talks fall apart
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now ...
Panera Bread terminates SPAC deal with Danny Meyer’s investment group
Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Jeff Greenberg | Universal Images Group | Getty Images Danny Meyer’s SPAC and Panera Bread have called off a deal ...
GM expects Q2 net income of between $1.6 billion and $1.9 billion
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images ...
UK-based startup Tevva launches hydrogen-electric truck
U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck...
Russia Takes Control of International LNG Project
Russia took control of the international consortium behind the giant Sakhalin-2 oil-and-natural-gas project, handing it to a new Russian entity that will effectively give the Kremlin say over which fo...
My account fell 20%, and my adviser couldn’t explain why. What’s the right move?
Should you ditch an adviser who can’t clearly communicate losses. to you? Getty Images/iStockphoto Question: I went through a 20% loss with my investments at a big bank. I was told by the adviser that...
Bella Hadid On Breaking Into The Business World, The Allure Of Kin Euphorics, And The Importance Of Female Leadership Post-Roe
LOS ANGELES, CALIFORNIA – JUNE 25: Bella Hadid speaks onstage during the Create & Cultivate hosts LA … [+] Conference City Market Social House on June 25, 2022 in Los Angeles, Californ...
Cramer’s lightning round: I like Cadre Holdings
Cadre Holdings Inc: “It’s a company that makes things, does stuff, sells at a profit, gives you money back. … I’m going to say it’s good. I like it.” Digital Turbin...
Heinz ‘Meanz’ Business In Tesco Dispute
Kraft Heinz and Tesco are reportedly at loggerheads over a price increase with the supermarket … [+] blaming the manufacturer for upping its prices to “unjustifiable” levels. Kraft Heinz has tem...
Jim Cramer says investors can hide in these three recession-proof packaged food stocks
CNBC’s Jim Cramer on Thursday gave investors three options for packaged food stocks they can seek refuge in, as the stock market continues to seesaw. “With commodity costs coming down big,...
Fed’s inflation battle is nearly done with collapse in crypto
CNBC’s Jim Cramer on Thursday said that the rapid slide in the cryptocurrency market shows that the Federal Reserve is making progress in its arduous struggle to tamp down inflation. “Ther...
American Airlines offers pilots nearly 17% raises in new contract proposal
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines CEO Robert Isom on Thursday said the carrier has offered its pilots pay raises totaling ne...
FCC approves SpaceX Starlink service to vehicles, boats, planes
The Starlink logo is seen in the background of a silhouetted woman holding a mobile phone. Sopa Images | Lightrocket | Getty Images The Federal Communications Commission authorized SpaceX to provide S...
Xerox CEO Visentin Has Died. What It Means for the Company.
Text size John Visentin. Courtesy Xerox Xerox Holdings shares are in the spotlight as investors respond to news that CEO and Vice Chairman John Visentin has died unexpectedly at age 59, a development ...
Ex-Apple exec Ron Johnson’s Enjoy Technology files for bankruptcy
Ron Johnson during a panel discussion at the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Enjoy Technology, a retail startup founded by former Apple and J.C. Penney exec Ron Joh...
RH, Carnival, Universal Health Services and more
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines in midday trading Thursday. RH — Shares of RH fell 1...
Disney to launch Wish cruise ship
Captain Minnie poses on board Disney’s newest cruise ship The Wish. Disney It’s been a decade since Disney has expanded its cruise fleet. Its newest addition, set to launch in a couple wee...
There may be another shoe to drop after Micron’s big outlook miss
Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter reven...