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...
Tag: Business
Senators reach deal on $10 billion in Covid relief funding, Romney says
U.S. Senator Mitt Romney (R-UT) walks through the Senate Subway on his way to a security briefing for senators on Russia’s invasion of Ukraine, on Capitol Hill in Washington, March 30, 2022. Elizabeth...
Baidu Stock Drops. It’s One of 5 Stocks Added to the SEC’s Delisting Watchlist.
Text size LIU JIN/AFP via Getty Images Baidu stock was dropping Thursday after U.S. regulators added the Chinese search giant to its growing list of companies that could be removed from American stock...
Visa launches immersion program to help creators build their business with NFTs
Visa announced the official launch of the Visa Creator Program, a one-year product strategy and mentorship program for entrepreneurs working in art, music, fashion and film who seek to accelerate thei...
Globalization isn’t over, just don’t invest in countries run by despots
Kyle BassThe Russia’s unprovoked war against Ukraine is not a death knell for globalization but should be a wake-up call about the risks of investing in countries that aren’t democracies, ...
Machining start-up Hadrian raises $90 million from Andreesen, Lux
The exterior of the company’s factory in Hawthorne, California. Hadrian Machine-parts start-up Hadrian Automation raised $90 million in a new round of funding led by venture firms Lux Capital an...
How Atlassian’s dual-CEO structure has helped the company thrive
Atlassian’s founders and co-CEOs, Scott Farquhar, left, and Mike Cannon-Brookes. Atlassian In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 yea...
Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is v...
Kohl’s calls on shareholders to reject activist Macellum’s proposal
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s on Thursday ...
Walgreens Boots Alliance (WBA) Q2 2022 earnings
A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal sec...
Jeff Bezos’ Blue Origin launch New Shepard NS-20 crew to space
[The livestream is slated to begin at 8:10 a.m. ET. Please refresh the page if you do not see the web player above.] Jeff Bezos’ Blue Origin is set to launch its New Shepard rocket for the first...
International travel return sparks battle for high spending passengers
A Singapore Airlines A380 first class suite Leslie Josephs | CNBC Singapore Airlines this week unveiled its highest-end offering in the U.S: first-class suites that feature a bed, a swivel chair, 32-i...
Walgreens, Baidu, Novavax and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue als...
How hackers and geopolitics could derail the planned energy transition
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underwa...
RH, Lululemon Earnings Top Views, But Upscale Retailers Diverge| Investor’s Business Daily
Upscale retailers RH and Lululemon Athletica (LULU) reported better-than-expected earnings late Tuesday but sales that slightly missed expectations. RH stock fell sharply Wednesday, while LULU stock j...
Can Mexico Lead A Revival Of Dufry’s Travel Retail Business?
Sales at Cancun Airport have been very resilient for Dufry during the pandemic. (Photo by: Jeffrey … [+] Greenberg/Universal Images Group via Getty Images) Universal Images Group via Getty Image...
Invest in Petco instead of Chewy, says Jim Cramer
CNBC’s Jim Cramer said Wednesday that investors should buy stock of Petco instead of Chewy after the latter reported a disappointing quarter on Tuesday. “If [Chewy] aren’t turning a ...
Why Russia’s invasion of Ukraine could spark a NATO defense spending spree
The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on mili...
Fintech Platform Nequi Plans to Get Into the Cryptocurrency Business in Colombia – Bitcoin News
Nequi, a fintech neobank which allowed Colombian citizens to test all-digital financial services, has announced its plans for expansion after having parted ways with Bancolombia, the bank that gave it...
Cramer warns of trading after hours, points to big moves in Micron, RH
CNBC’s Jim Cramer reminded investors to always listen to a company’s conference call before trading on earnings and to avoid after-hours trades. “One mistake in after-hours trading w...
Own secular stocks, approach cyclical names with skepticism
CNBC’s Jim Cramer on Wednesday advised investors to own secular growth stocks rather than cyclical stocks and to be vigilant in spotting the difference. “The market is still eager for what...
Biden warns U.S. won’t have enough Covid vaccine shots without aid from Congress
U.S. President Joe Biden receives a second coranavirus disease (COVID-19) booster vaccination after delivering remarks on COVID-19 in the Eisenhower Executive Office Building’s South Court Auditorium ...
Next decade will transform health care more than past century: J&J CEO
Andrew Harrer | Bloomberg | Getty Images Joaquin Duato, the new CEO of Johnson & Johnson, is comfortable enough in his new position at the 135-year-old company to issue a bold claim just a few mon...
Delta’s health chief thinks the plane mask mandate will soon be lifted
Passengers wearing protective masks wait to board a Delta Air Lines Inc. flight at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., on Wednesday, April 7, 2021. Elijah Nouve...
Biden speaks about U.S. fight against Covid
[The stream has ended.] President Joe Biden gave a speech Wednesday about the fight against Covid-19 in the U.S. The president’s remarks come a day after the Centers for Disease Control and Prev...
Chris Rock’s first show since Will Smith slap sees ticket prices soar
Actor Chris Rock speaks onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Chris Rock has yet to publicly address being sla...
Biden announces new funding to make homes more energy efficient
Energy Secretary Jennifer Granholm speaks during a meeting with Secretary of State Antony Blinken, European Union High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles, a...
Lizzo launches Yitty shapewear brand in tie-up with Fabletics
As a young girl, Lizzo tried intensely to, literally, fit in. The now-superstar would wear body girdles and skin-tight corsets to school, contorting the shape of her body — an experience she said was ...