A person enters the JPMorgan Chase headquarters in New York, June 30, 2022. Andrew Kelly | Reuters Check out the companies making the biggest moves in the premarket: JPMorgan — The bank reported fourt...
Tag: Business
Cramer’s lightning round: I like Entegris
Entegris Inc: “I like Entegris. It’s very out of favor, it’s got a little too high multiple, but it does a lot of nuts and bolts that you need to make semis, so that’s okay by ...
Jim Cramer says Disney should allow Nelson Peltz to join its board
CNBC’s Jim Cramer on Thursday called on Disney to give activist investor Nelson Peltz a seat on its board. “It’s the board, the stewards, who haven’t done a good job. Not the s...
IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
It’s not too early to start thinking about your 2022 income-tax return, if you can bear the thought. That’s because the tax-filing season is scheduled to start on Monday, Jan. 23, the Internal Revenue...
U.S. Chamber of Commerce threatens to sue the FTC over proposed ban on noncompete clauses
Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. Andrew Kelly | Reuters A major business advocacy group has pledged to sue...
Nike CEO John Donahoe touts strength in Gen Z China shopper
Nike CEO John Donahoe said Thursday the company is “really focused” on Gen Z consumers in China and that the athletic apparel retailer is continuing to see strong demand in the region, eve...
American Airlines hikes revenue estimates after strong Q4
American Airlines shares surged Thursday after the carrier hiked its revenue and profit estimates for the fourth quarter thanks to strong demand and high fares. American stock gained nearly 10% to $16...
250,000 kindergarteners are vulnerable due to drop in vaccination rate
Nearly a quarter of a million kindergartners are potentially vulnerable to measles due to a dip in vaccination coverage during the pandemic, according to the Centers for Disease Control and Prevention...
BBBY Buyers Beware — This Meme Stock May Be On Its Way Out Of Business
| Getty Images Key Takeaways Bed Bath & Beyond stated it is considering bankruptcy in an announcement made Jan. 5, 2023. The stock has rallied since the announcement, up 58%. During its third quar...
Porsche reports uptick in global sales despite big drop in Taycan EV
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche managed to increase its global deliveries last year by...
Nelson Peltz talks Disney proxy fight, slams Fox deal
Disney is facing a proxy fight as Nelson Peltz’s activist firm Trian Fund Management pushes for a seat on its board. Peltz spoke Thursday on CNBC’s “Squawk on the Street,” maki...
HBO Max raises price for first time
‘House of the Dragon’ series logo displayed on a phone screen and HBO Max website are seen in this illustration photo taken on August 16, 2022. Jakub Porzycki | Nurphoto | Getty Images War...
Walmart and Salesforce partner to sell tech to retailers
As times get tighter in retail, Walmart is chasing a new side hustle. The retail giant, known for selling groceries, toothpaste, toys and more in its big-box stores, wants to sell more of its technolo...
Rent the Runway launches Amazon storefront to sell secondhand luxury
Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. Hu...
Lucid (LCID) 2022 EV production exceeds expectations
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric luxury vehicle maker Lucid Group said it p...
Kobe Bryant jersey up for auction, expected to fetch up to $7 million
Sotheby’s is selling Kobe Bryant’s MVP season jersey. Source: Sotheby’s An iconic piece of Kobe Bryant memorabilia is hitting the auction block, and it’s expected to be his mos...
Flight disruptions ease after FAA outage, officials to investigate
Travelers as flights are cancelled at Ronald Reagan National Airport (DCA) in Arlington, Virginia, US, on Wednesday, Jan. 11, 2023. Nathan Howard | Bloomberg | Getty Images Air travel disruptions ease...
The world ‘is at the dawn of a new industrial age,’ IEA says
Wind turbine blades photographed at a facility in China’s Hebei Province on July 15, 2022. The world’s second largest economy is a major force in technologies crucial to the planned energy...
Stocks making biggest moves premarket: Disney, Logitech and more
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in premarket trading. Disney – Disn...
China Is Opening Fast. Don’t Miss the Rebound for Stocks.
Chinese authorities’ abrupt pivot away from zero-Covid policies has been matched by the quick shift in investor sentiment about Chinese stocks from the bearishness of the past year. As the world’s sec...
AMD poaches Marvell’s Jean Hu for CFO slot as Devinder Kumar retires
Advanced Micro Devices Inc. said late Wednesday that financial chief Devinder Kumar was retiring and that Marvell Technology Inc.’s Jean Hu would take his place. Marvell MRVL, +3.81% announced that Hu...
Jim Cramer likes these 5 ‘reasonably’ valued stocks in the S&P 500
CNBC’s Jim Cramer on Wednesday offered investors a list of stocks that he believes could be great additions to portfolios. “We only want … stocks if they’re reasonably valued because...
Charts suggest the market could rally for the next couple of months, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that the markets’ recent gains could become a sustained rally. “The charts, as interpreted by Larry Williams … suggest that the market could have ...
Starbucks tells corporate workers to return to office 3 days a week
Howard Schultz David Ryder | Reuters Starbucks corporate employees will be returning to the office at least three days a week by the end of the month. Starting Jan. 30, employees within commuting dist...
Disney opposes Nelson Peltz push to join board, names Mark Parker chairman
The Walt Disney Company on Wednesday afternoon said it opposes activist investor Nelson Peltz’s attempt to join its board. Disney also named Mark Parker, the executive chairman of Nike, its next...
Jim Cramer explains why the December CPI number is a ‘big deal’
CNBC’s Jim Cramer on Wednesday broke down the significance of the December consumer price index report for investors. “What makes tomorrow’s consumer price index number a big deal? S...
Burning Man sues Biden administration over geothermal project
A bagpipe player and a belly dancer on stilts, participants in the “Burning Man” festival, cross a section of the Black Rock Desert in Nevada. Mike Nelson | AFP | Getty Images Organizers o...
DirecTV lays off hundreds of managers as cord cutting accelerates
A DirecTV technician at an apartment building in Lynwood, Calif. Patrick T. Fallon | Bloomberg | Getty Images DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the comp...
Netflix will air SAG Awards in another step into live broadcasting
Aaronp | Bauer-Griffin | GC Images | Getty Images Netflix will exclusively air this year’s Screen Actors Guild Awards show in its first partnership with an awards show and its next step into liv...
ABL Space inaugural launch fails, damages Alaska launch pad
The company’s RS1 rocket lifts off on its inaugural launch attempt from Kodiak, Alaska on Jan. 10, 2023. ABL Space The first mission by ABL Space got off the ground on Tuesday, but the company&#...
Schwab Is Sending Out Settlement Checks. Here’s What to Know.
Clients of Charles Schwab ‘s robo-advisor have begun receiving distribution checks from a settlement the company reached with the Securities and Exchange Commission in summer 2022. Hundreds of thousa...