A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at ...
Tag: Business
Atlantic City smoking ban fight: Worker health vs profits
Legislation pending in New Jersey’s statehouse would end the exemption Atlantic City casinos have long enjoyed from a statewide ban on indoor smoking in public places. About 2,500 casino workers...
Alex Rodriguez invests in MMA company PFL at $500 million valuation
Alex Rodriguez at eMerge Americas conference in Miami on June 13, 2017. David A. Grogan | CNBC Alex Rodriguez is betting on the growth of mixed martial arts. The former MLB star is now a partial owner...
What Business Leaders Should Know About The Economy
Executive pondering economy. getty Many business leaders have taken at least one course in economics, but most of them were taught the wrong part of economics, at least wrong for someone running a com...
How relocating Americans created new inflation hot spots
Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoe...
A larger share of younger investors say they’re not afraid to buy the dip in the pursuit of long-term gains — but there’s one big caveat
The stock market is taking on a deepening red hue as steep sell-offs continue, but a new report says some younger retail investors are seeing red meat for ‘buys.’ Fewer than two in ten people, 18%, sa...
Flight bookings for leisure and business travel top 2019 levels
For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s t...
How Big Oil sells off polluting assets in a bid to look green
An oil flare burns at Repsol’s oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of assets between 2017 and 2021 in EDF’s analysis. Bloomberg | Bloomberg | Getty ...
Kohl’s, BJ’s Wholesale, Spirit and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s reported adjusted quarterly earnings of 11 cents per share, well short of the 70-cent consensus estimate. Re...
Wingstop is seeing ‘meaningful deflation’ in chicken wings, CEO says
Chicken wings prices have come down in price since soaring last year, Wingstop chief executive Michael Skipworth told CNBC’s Jim Cramer on Wednesday. “Other brands are … going to have to l...
CDC probing 180 cases of kids with acute hepatitis of unknown cause
The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters The Centers for Disease Control and Prevention is now investigating 180 cases of children...
Jim Cramer says investors should eye these two lithium stocks
CNBC’s Jim Cramer on Wednesday offered investors two lithium stocks he believes should be on their shopping lists. “Lithium is everywhere, people – it just takes at least eighteen months t...
Powell must ‘slay these seven dragons’ for market to recover
CNBC’s Jim Cramer on Wednesday went through a list of economic problems that Federal Reserve Chair Jay Powell needs to address to tamp down inflation and in turn help the stock market rebound. &...
Climate change made India heatwave 100x more likely: U.K . Met Office
A farmer pours water on himself while working at a wheat farm in the Ludhiana district of Punjab, India, on Sunday, May 1, 2022. T. Narayan | Bloomberg | Getty Images The blistering heatwave in northw...
Kohl’s says two top executives are leaving, as company seeks buyer
Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s said Wednesday that it is losing two of its top executives, as the...
Bath & Body Works shares tumble as retailer cuts profit outlook due
Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Bath & Body Works shares fell in afte...
Senate panel investigates Abbott tax practices after contamination shut down baby formula plant
The Senate Finance Committee on Wednesday opened an investigation into Abbott Labs, the company at the center of a baby formula shortage in the U.S. Committee Chairman Sen. Ron Wyden, D-Ore., sent a l...
Hasbro slams activist investor’s proposed board directors amid proxy battle
Game maker Hasbro. Justin Sullivan | Getty Images Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit th...
U.S. faces unnecessary deaths if Congress fails to pass funding bill
Top U.S. health officials on Wednesday reiterated their calls for Congress to pass funding for the nation’s fight against Covid-19, warning that failure to act now would result in an unnecessary...
Martin Shkreli released from federal prison into halfway house
Former pharmaceutical executive Martin Shkreli departs the U.S. District Court for the Eastern District of New York, August 3, 2017 in the Brooklyn borough of New York City. Getty Images Notorious ...
What Walmart, Target, Home Depot and Lowe’s tell us about the economy
Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — ...
Target, Lowe’s, TJX and more
Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday tra...
Lowe’s (LOW) earnings Q1 2022
A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday...
EV battery costs set to spike as raw material shortages drags on
Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost to ...
Target (TGT) Q1 2022 earnings
Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales...
What is retirement really like?
We hear a lot about how prepared (or ill-prepared) people are for retirement. But what’s life really like for people in retirement? A fascinating new survey from the Age Wave research and consulting f...
Target, Walmart, Carrier Global and others
Check out the companies making headlines before the bell: Target (TGT) – Target plummeted 22.1% in the premarket after the retailer reported an adjusted quarterly profit of $2.19 per share, below the ...
‘I partially support my partner of 12 years as his business is, sadly, failing’: I’m 33, and have $300,000 in company stock. Should I sell those shares to pay off my debt of $56,000?
I am 33 years old, I currently make just over $120,000 a year, including an annual bonus, and my company has gifted me with around $300,000 in equity in the firm, although our stock is brand new, so i...