Portillos Inc: “We’re going to have to save that one for later and lower.” Berkshire Hathaway Inc: “I’ve been recommending that stock ever since the week that [Mad Money]...
Tag: Business
Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping
Several categories of e-commerce are seeing price decreases and support the expectation that digital shopping among consumers will hold strong, Adobe chief executive Shantanu Narayen told CNBC’s...
Travel industry calls on White House to end Covid-19 testing requirement for overseas visitors
Travel and hospitality CEOs are stepping up pressure on the Biden administration to scrap a requirement that anyone flying into the U.S. present a a negative Covid-19 test before departure, saying the...
U.S. didn’t get any relief from high inflation in May – CPI to show another big gain
Wall Street is looking for a sign, any sign, that U.S. inflation is coming off a rapid boil. But they are unlikely to find much cooling off in May’s report on consumer prices. The consumer price index...
GM, Lockheed take lunar rover project to the commercial space market
MILFORD, Mich. — General Motors and Lockheed Martin said Thursday they plan to produce an array of moon-roving vehicles for commercial space missions and services powered by the automaker’s elec...
Disney fires TV content chief Peter Rice as board backs CEO Bob Chapek
LOS ANGELES — Disney has abruptly fired Peter Rice, its most senior television content executive, multiple sources told CNBC on Thursday, while the company’s board expressed support for CEO Bob ...
Southwest Airlines customer service goes fully remote, reservations centers close
A traveler walks past a Southwest Airlines airplane as it taxies from a gate at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland. Kevin Dietsch |...
Critics call blockbuster ‘worst’ in franchise
Still from Universal Studio’s “Jurassic World: Dominion” NBCUniversal “Jurassic World: Dominion” may score to top spot at the domestic box office this weekend, but lacklu...
PGA Tour suspends Phil Mickelson, others for involvement in Saudi-backed LIV event
The PGA Tour has suspended 17 golfers, including major championship winners Phil Mickelson and Dustin Johnson, who are competing Thursday in the Saudi-backed LIV Golf event near London. The suspension...
Dinosaurs face off against Tom Cruise
Tom Cruise attends the UK premiere and Royal Film Performance of ‘Top Gun: Maverick’ in Leicester Square on May 19, 2022 in London, England (L) and still of Jurassic World: Dominon (R) Get...
Creating Meaningful Business Transformation Through One Degree Of Change
getty It’s an era of record volatility in the business world and companies are having a difficult time dealing with it. The pandemic, the climate crisis, geo-political upheavals, and dramatic leaps in...
Buffett disciple Mohnish Pabrai names his favorite investing books
Looking to invest in stocks with long-term value? Veteran investor Mohnish Pabrai has two books to recommend. Speaking to CNBC Pro Talks, Pabrai — a value investor and disciple of billionaire Warren B...
Why Franchise Group wants to buy Kohl’s and what could happen next
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home fur...
Nio Q1 2022 earnings reveal wider loss
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ag...
FDA decision on Novavax’s Covid shots could be delayed
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Kat...
Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin ...
Biden announces standards for electric vehicle charging stations
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasolin...
Climate change will force some UK communities to move, official says
Houses on the east coast of England, photographed in 2020. On Tuesday, the chief executive of the U.K.’s Environment Agency said climate change meant some coastal communities would have to move....
U.S. House votes to raise age to buy an assault rifle to 21
The House on Wednesday passed a sweeping gun bill that would raise the minimum age to purchase an assault rifle in the U.S. from 18 to 21, even though the legislation doesn’t stand much of a cha...
Cramer warns investors not to bank on digitization stocks
CNBC’s Jim Cramer on Wednesday advised investors to think twice before investing in digitization stocks while the possibility of a recession looms over the market. “You can’t justify...
The market is worried that oil’s rise may cause a recession
CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels. “...
How Bitcoin Could Power a New Wave of Small Business Innovation
Earlier this year, while at a local restaurant, I began talking to the owner about bitcoin and payments. He mentioned that 35%-40% of his transactions were once in cash; now they’re 5%. He said that h...
Western Digital mulls splitting its business
Western Digital (NASDAQ: WDC) announced on June 7 that it is exploring strategic alternatives, including separating its flash and HDD business. This announcement could possibly be a result of a rece...
XRP Lawsuit: Ripple Case Direction Now to Be Determined by Speech of Former SEC Official: Fox Business
Tomiwabold Olajide Ripple lawsuit could all come down to speech made by former SEC official According to Fox correspondents Eleanor Terrett and Charles Gasparino, the Ripple lawsuit could all come dow...
Consider a portfolio of 100% stocks if you’re at least 10 years from retirement
This year’s stock market isn’t what it seems. “It wasn’t supposed to be this way!” That’s the refrain from many investors who are looking at a U.S. stock market SPX, -1.08% decline so far this year of...
Volkswagen looks to build new EV facilities in the U.S., exec says
Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018. David Paul Morris | Bloomberg | Getty Images CHATTANOOGA, Tenn. – Volkswagen is “actively” looking to establish new assembly ...
I put $200K toward a down payment for a condo unit with my boyfriend. He is on the title, but not on the mortgage. How do I protect my equity investment now?
Dear Quentin, I recently sold my apartment and put the equity earned (over $200,000) toward a new condo unit I own with my partner. My partner — we are not married — is on title, but not on the mortga...
Parents of shooting victims ask Congress for tighter gun laws
Gun control advocacy groups rally with Democratic members of Congress during of a news conference on the grounds of the U.S. Capitol on Thursday, May 26, 2022 in Washington, DC. Kent Nishimura | Los A...
‘I’m being taken advantage of by my own husband’: I pay all the bills and gave the down payment for our home, and all he does is buy stuff and contribute to his 401(k)
I’m being taken advantage of by my own husband. I have been married for almost 10 years. When my husband and I were first married, he convinced me to stop working after the first year or so, which I r...