CNBC’s Jim Cramer on Tuesday lamented the flurry of companies that went public in 2021 through traditional IPOs and SPAC deals, suggesting that it’s playing a role in Wall Street’s w...
Tag: Business
Retailers’ average return rate jumps to 16.6% as online sales grow
Miami, Doral, IKEA exchange and returns elevators. Jeff Greenberg | Universal Images Group | Getty Images As shoppers buy more online during the pandemic, they are also returning a larger portion of c...
Microsoft, F5, Navient & more
Microsoft CEO Satya Nadella speaks at Microsoft Developer Day in Singapore on May 27, 2016. Charles Pertwee | Bloomberg | Getty Images Check out the companies making headlines after the bell Tuesday: ...
American Express, General Electric, IBM and more
Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. General Electric — Shares fell 6% after the company missed revenue estimates for the fiscal fourth qu...
42.7 million people watch Chiefs win over Bills
Kansas City Chiefs tight end Travis Kelce (87) reaches for the game winning reception over Buffalo Bills outside linebacker Matt Milano (58) during the AFC Divisional Round playoff game on January 23r...
OSHA withdraws rule for businesses after losing Supreme Court case
The Biden administration is formally withdrawing its vaccine and testing mandate for businesses, after the Supreme Court blocked the requirements earlier this month. The Occupational Safety and Health...
McKinsey calculates capital spending required to reach net-zero by 2050
A wind farm shares space with corn fields in Latimer, Iowa, U.S. Jonathan Ernst | Reuters As the world grapples with a worsening climate change crisis, governments and companies are pledging to achiev...
Stephen Page On The Challenges And Opportunities Of Early-Stage Investing
Stephen Page, founder and CEO of SFC Capital SFC Capital Stephen Page, founder and CEO of SFC Capital, worked as an accountant after leaving school at 18, but found it “extremely boring”. But the worl...
Macellum asks for Kohl’s board seat and for Kohl’s to explore a sale
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now i...
Airbus to rent out its giant Beluga aircraft in bet on air cargo boom
An Airbus Beluga transport aircraft takes off from the Airbus plant in Hamburg-Finkenwerder. Marcus Brandt | picture alliance | Getty Images Airbus on Tuesday said it is renting out its giant Beluga a...
AMC reportedly in advanced talks to refinance debt
A man walks past the AMC Georgetown 14 Theatres in Washington, DC on June 3, 2021. Mandel Ngan | AFP | Getty Images AMC Entertainment is fast-tracking its plan to refinance its debt, according to a ne...
Coca-Cola and Molson Coors to make spiked lemonade under Simply brand
Simply Spiked Lemonade Courtesy: Molson Coors Coca-Cola and Molson Coors Beverage are teaming up again, this time for a new line of alcoholic drinks under the Simply brand. The two companies announced...
FTC likely suing to block Lockheed Martin buy
Four Aerojet Rocketdyne RS-25 engines attached to the core Stage for NASA’s Space Launch System rocket. NASA Aerojet Rocketdyne stock fell after the rocket engine and spacecraft propulsion maker...
IMF cuts global growth outlook for 2022, US and China recovery wanes
The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. Stefani Reynolds | AFP | Getty Images The International Monetary Fund h...
Consumers accuse small retailers of price gouging on Covid tests
When Ja’Kiem Crayon tells customers the price for a single Covid-19 at-home test at the Manhattan-based pharmacy where he works, he’s often in for an argument. “They come in, they...
Covid and JNJ earnings Q4 2021
The Janssen Johnson & Johnson COVID-19 vaccine. Allen J. Schaben | Los Angeles Times | Getty Images Johnson & Johnson on Tuesday projected that its Covid vaccine would generate $3 billion to $...
Pfizer and BioNTech launch clinical study of vaccine targeting omicron
A ten year old child receives the Pfizer-BioNTech Covid-19 Vaccine for 5-11 year old kids at Hartford Hospital in Hartford, Connecticut on November 2, 2021. Joseph Prezioso | AFP | Getty Images Pfizer...
Change is coming to business
From high-profile figures such as Greta Thunberg to events like the COP26 summit, discussions about sustainability, the environment and climate change are perhaps more visible than ever before. As the...
Opinion: Retirees in the U.S. do not live on ‘fixed incomes’
As inflation has gained traction in the last year, commentators constantly remark about how it is particularly hard on retirees who live on a “fixed income.” Please stop. Retirees do not live on fixe...
Occidental Petroleum is ‘the only oil stock that I don’t like here’
EQRx Inc.: “What certain companies have to do is, they have to buy biotech companies. This is the kind of company that needs to be bought. It shouldn’t be independent.” DigitalOcean ...
Charts suggest bitcoin and ether selling may be over soon
Charts suggest the selling in the world’s two largest cryptocurrencies may run its course soon, CNBC’s Jim Cramer said Monday, leaning on analysis from veteran technician Tom DeMark. ̶...
IBM Earnings Are Strong as Turnaround Takes Hold
Text size IBM sales were up 6.5% in the fourth quarter, to $16.7 billion. Ethan Miller/Getty Images IBM posted strong results Monday for its fourth quarter, with its best sales growth in more than a d...
IBM stock rallies as earnings, sales surge amid Kyndryl spinoff
International Business Machines Corp. shares rallied in the extended session Monday after Big Blue topped Wall Street expectations following the spinoff of its managed infrastructure-service business,...
Shares of Rivian and other EV start-ups tank amid stock sell-off
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Shares of Rivian Automotive and oth...
The UK is being viewed through a lens of scandal
The U.K.’s ambitions to position itself as a global power are facing a setback as a string of domestic political dramas continue to distract the government from its international responsibilitie...
Blockchain-enabled digital fashion creates new business models for brands
Nonfungible tokens (NFT) may be disrupting the trillion-dollar fashion industry, but NFTs are just one piece of a much larger puzzle that is revolutionizing this sector. Rather, blockchain technology ...