With the national average for a gallon of gas hitting its highest price since 2008 and the stock market on edge with the first land war in Europe since WWII being waged by one of the world’s big...
Tag: Business
Warren Buffett’s Berkshire Hathaway Has $5 Billion Stake in Occidental Petroleum
Text size Warren Buffett, CEO of Berkshire Hathaway. Johannes Eisele/AFP/Getty Images Berkshire Hathaway owns a 9.8% stake in Occidental Petroleum worth $5.1 billion after furious buying activity in s...
Why a California city is trying to build the state’s last power plant
People gathered in Glendale in February to protest the city’s approval to build a fossil-fueled power plant. Courtesy of Morgan Goodwin Glendale, a Los Angeles suburb that’s home to Walt D...
Should I sell Volkswagen shares after the company reported that it would suspend its business in Russia?
Volkswagen shares have weakened more than 20% last trading week, and the company reported that it would suspend its business in Russia. Supply chain issues continue to pose downside risks The war betw...
Pittsburgh robot farm business of future backed by Pritzker billions
Currently less than 1% of fresh produce is grown through hydroponics systems versus open-field agriculture, but this segment is forecast by Mordor Intelligence to grow by nearly 11,% or about $600 mil...
Cloud Stocks Have Become a Haven in Tech. 4 Stocks to Buy.
As the world emerges from the pandemic, tech companies have been put in a tough spot. They’re under pressure to sustain pandemic-era boosts, and many of them have struggled to meet the challenge, incl...
Praxis, The City-Building Business, Has Raised $15 Million In Phase A Fundraising
Praxis, a city-building business sponsored by Peter Thiel, has acquired $15 million in Series A funding from a number of crypto venture firms, including Paradigm Capital, Alameda Research, and Three A...
Cramer cautions investors to avoid these 4 retail stocks that recently went public
CNBC’s Jim Cramer on Friday provided a list of four newly public retail stocks investors should stay away from. The “Mad Money” host said that as companies that went public in the la...
Ulta has the best chance of ‘roaring higher’
CNBC’s Jim Cramer on Friday previewed next week’s earnings roster and said weekend developments in Russia’s invasion of Ukraine will be the most important indicator of the marketR...
Incoming Splunk CEO Gary Steele on his new role, company outlook
The incoming CEO of Splunk, Gary Steele, told CNBC’s Jim Cramer on Friday he hopes to be a “stabilizing force” for the company and its customers. Steele, whose appointment was announ...
Dow Jones Falls; Elon Musk Issues Challenge, Tesla Stock Does This; These Stocks Hit After Russia Attack| Investor’s Business Daily
The Dow Jones Industrial Average fell despite an encouraging jobs report. Uranium stocks were punished after Russia attacked a Ukraine nuclear plant. Tesla (TSLA) held up after CEO Elon Musk issued a ...
Jim Cramer says Devon Energy is insurance against geopolitical chaos
Investors who want to a stock to guard against global uncertainty in light of the Russia-Ukraine war should look to Devon Energy, CNBC’s Jim Cramer said Friday. The “Mad Money” host&...
Ex-Unilever CEO namechecks Tesla, says firms should focus on long term
The ex-CEO of British consumer goods giant Unilever has shared his view on how businesses should operate in the years ahead, namechecking Elon Musk’s Tesla, Danish energy firm Orsted and Beyond ...
New Jersey will end omicron health emergency, NYC to lift indoor vaccine mandate
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jer...
Hibbett CEO: upgraded business is stronger than pre-pandemic
Hibbett Inc (NASDAQ: HIBB) closed 8.0% up today on slightly better-than-expected earnings outlook that overshadowed weak Q4 results and dovish full-year guidance for sales. What Hibbett Q4 earnings re...
Russia’s invasion is driving up air cargo costs
A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport. Jan Woitas | Picture Alliance | Getty Images The cost of transporting goods by air has surged since Russia’s inva...
Kroger, Impossible Foods partner to create meat substitutes; Beyond Meat shares fall
Impossible Pork Char Siu Buns are sampled during an Impossible Foods press event for CES 2020 at the Mandalay Bay Convention Center on January 6, 2020 in Las Vegas, Nevada. David Becker | Getty Images...
‘The Batman’ made $21.6 million in Thursday night previews
Robert Pattinson stars in “The Batman.” Warner Bros. Warner Bros.’ “The Batman” has secured $21.6 million in Thursday previews and is on pace for domestic debut north of ...
Brandon Sanderson Kickstarter is biggest ever
Portrait of American fantasy author Brandon Sanderson taken on June 3, 2011. Sfx Magazine | Future | Getty Images Prolific fantasy writer Brandon Sanderson’s publishing campaign is now the most ...
Here’s where the jobs aren’t bouncing back: Main Street
A “now hiring” sign is posted in the window of a restaurant in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images The latest nonfarm payroll report shows a...
Russia sanctions spark fire sale, asset freezes for UK-based oligarch
Roman Abramovich, owner of Chelsea, waves at fans after the UEFA Champions League Final between Manchester City and Chelsea FC at Estadio do Dragao on May 29, 2021, in Porto, Portugal. Alex Livesey &#...
There should be no new gas supply contracts with Russia: IEA
A Gazprom logo photographed in Russia on Jan. 28, 2021. Andrey Rudakov | Bloomberg | Getty Images The European Union should not enter into any new gas supply contracts with Russia, in order to lower i...
Why Ford didn’t spin off its electric-vehicle business
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor said on Wednesday that it will separate — but not spin off —...
From Michael Keaton to Ben Affleck, Robert Pattinson
Michael Keaton on the set of “Batman”. Getty Images (L) | Warner Bros. (R) On Friday, Batman returns to the box office. With Robert Pattinson donning the cowl, Warner Bros.’ “T...
Pfizer, Moderna project $51 billion in combined vaccine sales this year
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Pfizer and Moderna expect $51 bill...
America’s biggest new mansion auctions for $141 million
The rear of the home opens to a massive lawn framed by a moat-like water feature and a 400 ft. running track just below it. Marc Angeles A 105,000-square-foot Los Angeles mega-mansion that was listed ...
More than 90% of U.S. population can ditch facemasks under CDC Covid guidance
US President Joe Biden holds up a KN95 mask as he delivers an update on his Administrations whole-of-government COVID-19 surge response at the White House in Washington, DC, on January 13, 2022. Jim W...
Spirit Airlines plans Miami, Atlanta crew bases this year as it takes on rivals
A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines is planning to ...