An oil pumpjack (L) operates as another (R) stands idle in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration is delaying decisi...
Tag: Business
As auto prices soar, more buyers take out 6½- and 7-year loans
A couple inspects the Monroney sticker on a Ford vehicle at the Helfman Ford dealership on October 28, 2021 in Houston, Texas. Brandon Bell | Getty Images The surge in auto prices in the second half o...
Live Nation, SeaWorld, Gannett and others
Check out the companies making headlines before the bell: Live Nation (LYV) – The live event producer’s shares jumped 5.4% in a down market after reporting better-than-expected quarterly revenue...
Moderna (MRNA) Q4 2021 earnings
The Moderna Covid-19 vaccine is prepared for administration ahead of a free distribution of over the counter rapid Covid-19 test kits to people receiving their vaccines or boosters at Union Station in...
Alibaba’s Earnings Are Today. What to Expect.
Text size Alibaba investors had it tough in 2021. So far, 2022 is shaping up to be better. Greg Baker/AFP via Getty Images Earnings from Alibaba will be closely watched by investors after a tumultuou...
Alibaba’s Quarterly Profit Is Set to Plummet 60%. Here’s Why.
Text size Alibaba earnings are due Thursday. Qilai Shen/Bloomberg Alibaba ‘s quarterly profit is expected to fall almost 60% year over year when the Chinese tech giant reports earnings on Thursday. In...
Need a business loan? Inflation leads Main Street into more debt
SAN FRANCISCO, CA – APRIL 28: Deanna Sison takes a break from preparing preordered lunches to check the status of her federal small business loan application at Little Skillet restaurant in San ...
Kraft Heinz wants to make plant-based hot dogs through new venture
Hot dogs could be the next grocery store item to get a plant-based makeover. Kraft Heinz announced Tuesday it is forming a joint venture with TheNotCompany, a Chilean start-up valued at $1.5 billion t...
Hydrogen generation could become $1 trillion market: Goldman Sachs
The pump of a hydrogen refueling point at a gas station in Berlin, Germany, on Wednesday, Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images Hydrogen has an important role to play in any transi...
Civilian flights restricted as invasion threat grows
An Ukraine International Airlines passenger plane is seen as Turkey’s first official spotter area has been put into service for aviation enthusiasts and photographers at Istanbul Airport in Ista...
Cramer expects stock rally if inflation or Russian aggression resolves
CNBC’s Jim Cramer said Wednesday that a market snapback is possible if the current biggest headwinds, the Russia-Ukraine crisis and soaring inflation, ease up. “For the market, it’s ...
Why veteran analyst Larry Williams expects stocks to rally
CNBC’s Jim Cramer on Wednesday broke down fresh technical analysis from veteran chartist Larry Williams, who concluded the stock market’s recent weakness may soon come to an end. “Th...
Southern Copper should be higher
Southern Copper: “I like copper too. It’s a great barometer of what’s happening in this country. We’re using more copper than ever. I think that stock should be higher not lowe...
Goldman’s consumer push will more than double over 2 years, CEO David Solomon says
Goldman Sachs expects investment into its digital consumer platform to really pay off in less than two years, CEO David Solomon told CNBC on Wednesday. “I put out a target at the end of 2024 of ...
Allbirds (BIRD) reports Q4 2021 results meet estimates
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds on Wednesday reported fourth-quarter sa...
Ford has no plans to spin off its EV business, CEO says
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor has no plans at this time of spinning off its electric vehic...
Target to test Starbucks order pickup, returns from the parking lot
A worker delivers an order to a drive up customer at a Target store on August 19, 2020 in Miami, Florida. Joe Raedle | Getty Images Shoppers at some Target stores will be able to pick up a Starbucks c...
USPS moves ahead with plan to spend billions on gas vehicles
A U.S. Postal Service worker prepares packages for delivery during Cyber Monday in the SoHo neighborhood of New York, on Monday, Nov. 29, 2021. Angus Mordant | Bloomberg | Getty Images The U.S. Postal...
Molson Coors (TAP) Q4 earnings miss estimates, sales beat expectations
Bottles of Coors beer are displayed on a shelf at a liquor store in Fairfax, California. Justin Sullivan | Getty Images Molson Coors Beverage’s Miller Lite and Coors Light saw sales growth in 20...
CDC says waiting longer between Pfizer, Moderna doses may reduce myocarditis risk
A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, on Wednesday, Jan. 26, 2022. Vanessa Ler...
Rackspace’s Quarterly Results Beat Estimates. The Stock Sinks Anyway.
Text size Rackspace’s network operations center. Courtesy of Rackspace Rackspace Technology stock was falling hard as investors responded to financial forecasts that appeared to have overshadowe...
Lowe’s, Tenneco, Tupperware and others
Check out the companies making headlines before the bell: Lowe’s (LOW) – Lowe’s shares added 1.6% in the premarket after the home improvement retailer beat top and bottom-line estimates fo...
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Lowe’s (LOW) Q4 2021 earnings beat
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 said Wednesd...
U.S. air travel surges as Covid cases continue to drop
Lines of people wait to get through TSA airport screening. Getty Images U.S. airports were the busiest since Thanksgiving over Presidents Day weekend, a sign that leisure travel continues to recover a...
I will only recommend stocks with actual earnings
Crispr Therapeutics: “They’re estimated to lose a lot of money. But more importantly, this is the kind of company right now that is so out of favor that, unless you are willing to take a b...
Carrier has a ‘very good handle’ on managing inflation
Carrier Global CEO David Gitlin told CNBC on Tuesday that the home appliance’s company has a grasp on inflation that will allow it to pursue growth more aggressively. “We feel like we have...