A growing number of small-cap companies are announcing plans to go after naked short sellers, claiming their stocks are being artificially depressed by illegal trading activity. Verb Technology Co. In...
Tag: Business
Wayfair, Salesforce, Paypal and more
Salesforce signage outside office building in New York. Scott Mlyn | CNBC Check out the companies making the biggest premarket moves: Advanced Micro Devices — The semiconductor maker rallied nearly 3%...
Shop Floki goods store goes live across the world for business
Floki has entered the industry of online shopping with a brand new store called Shop Floki. It can be accessed from any part of the part subject to its availability. The announcement was made on Twitt...
Government hands £3m to UK microchip company owned by blacklisted Chinese business
Soldiers and tanks are deployed to a preparedness enhancement drill simulating the defense against Beijing’s military intrusions, ahead of the Lunar New Year in Kaohsiung City, Taiwan on Wednesd...
CEOs Say HR Is Central To Business Success: 5 Critical Shifts
HR will be central to success in the future of work. getty This is arguably the most challenging time—ever—to be in HR. It’s also the very best. With so many business issues driven by people, talent a...
Bitcoin soars past $23,000 to highest since last September
Bitcoin BTCUSD, +0.59% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ground in early 2023. The rally came despite news on Thursday th...
GE set to report final pre-breakup earnings
General Electric Co. is scheduled to report next week its final quarterly results before the start of its breakup, with the industrial conglomerate expected to report its highest profit since before t...
SLB Stock Drops On Strong Earnings, Bullish 2023 Outlook For Oil And Gas| Investor’s Business Daily
SLB (SLB), formerly known as Schlumberger, topped fourth-quarter revenue and earnings views. SLB stock rose early Friday before reversing as the oilfield service giant gave an optimistic outlook for 2...
Retirement may be bad for your brain. Is working longer the solution?
When we retire from our jobs we may be giving up more than staff meetings, desk lunches and a paycheck. The social interaction and mental challenges found through work can be good for our mental healt...
Former FTX chief lawyer claims US legal counsel channeled business to S&C
A former chief lawyer for FTX has accused the company’s U.S. general counsel of channeling business to Sullivan & Cromwell (S&C), the firm currently serving FTX as bankruptcy counsel. Daniel F...
Cramer’s lightning round: I like Juniper Networks
AT&T Inc: “It’s not as bad as it used to be.” Plug Power Inc: “[CEO] Andy Marsh has promised us profitably for a very long time. … My bountiful patience is beginning ...
Cramer names 6 e-commerce plays that are buys, says to wait on Amazon
CNBC’s Jim Cramer on Friday offered investors a list of e-commerce plays he believes are worth buying, despite the group’s rough performance in 2022. “There are still some e-commerce...
‘Be on your toes’ this earnings period
CNBC’s Jim Cramer on Friday urged investors to make careful, considered decisions regarding their portfolios when the new earnings season kicks off next week. “It’s a pivotal week. F...
LeBron James NBA Finals jersey expected to fetch up to $5 million
LeBron James game-worn jersey from the athletes NBA finals game 7 victory over the Miami Heat in 2013, is on display during a press preview at Sotheby’s auction House on January 20, 2023, in New...
Trump and lawyer Habba fined $1 million over ‘frivolous’ suit against Hillary Clinton
NEW YORK (AP) — A Florida judge sanctioned former President Donald Trump and one of his attorneys, ordering them to pay nearly $1 million for filing what he said was a bogus lawsuit against Trump’s 20...
Philip Esformes, whose prison sentence Trump commuted, loses appeal
Philanthropist Philip Esformes attends the 15th annual Harold & Carole Pump Foundation gala at the Hyatt Regency Century Plaza on August 7, 2015 in Century City, California. Tiffany Rose | Getty I...
Hellbiz stock skyrockets after following Genius Group’s example of investigating illegal short selling
Shares of Hellbiz Inc. HLBZ, +70.76% skyrocketed 143.3% toward a three-month high on massive volume in morning trading Friday, after the New York-based e-scooters and e-bicycles provider said it was e...
Wayfair stock climbs after online retailer lays off 1,750 workers
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair‘s stock price jumped 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to s...
FTX U.S. channeled business to S&C, alleges former Chief Regulatory Officer
Former FTX legal counsel accused the firm’s U.S. general counsel of channeling business to S&C. S&C allegedly served as personal counsel to Sam Bankman-Fried and another key FTX executive. For...
GM investing in new V-8 gas engines, EV components
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images FLINT, Mich. — General Mo...
Netflix, Coinbase, Alphabet, SVB Financial & more
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant jumped more than 6% after Netflix added 7...
House prices slumped by 10% in San Francisco, Redfin says — and prices are also falling in these cities
Even as mortgage rates come off of recent highs, buyer demand remains constrained. And that’s affecting home-list prices, according to a new report. The report by Redfin RDFN, +8.45%, which tracked ho...
Bed Bath weighs bankruptcy filing in New Jersey, beefs up legal team
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond is bulking up it...
Goldman Sachs slips on report the Fed is probing its Marcus business
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs shares came under pressure Friday afte...
Trump drops lawsuit against New York Attorney General James
Former President Donald Trump stands on the 18th green during the Pro-Am tournament before the LIV Golf series at Trump National Doral, Oct. 27, 2022. Jasen Vinlove | USA Today Sports | Reuters Former...
Fanatics in talks to acquire BetParx sportsbook
New York, NY. – December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC. The Washington Post | Getty Images Fanatics is in discussions to a...
Genius Group stock up another 52% in premarket trade Friday in heavy volume
Genius Group Ltd. stock GNS, +91.00% rallied another 52% in premarket trade Friday, extending its prior-day gains after the Singapore-based education company announced it had appointed a former F.B.I....
FAA contractor unintentionally deleted files before outage that disrupted flights
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Ima...