NEW YORK (AP) — Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family’s trust by scheming to dodge taxes on $1.7 million in company-paid pe...
Tag: Business
This is why Marvel didn’t recast Chadwick Boseman in ‘Wakanda Forever’
A still from the movie “Black Panther.” Source: Marvel In August 2020, Disney’s Marvel Studios was faced with an unenviable task — how to handle the sudden and tragic death of Chadwi...
‘Indiscriminate use of hydrogen’ could slow energy transition: Report
Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Aranga87 | Istock | Getty Images Hydrogen use by the G-7 could jump by four to seven times by the middle...
Jim Cramer says ‘exhausted’ sellers are behind the market’s strength
CNBC’s Jim Cramer said on Thursday that stocks have largely stayed resilient lately because the investors remaining in the market are there to stay. “The sellers are exhausted. The remaini...
FTX victims are setting up GoFundMe fundraisers to try to get their money back
People who say they have lost money in the collapse of crypto exchange FTX are turning to strangers to cover their losses by setting up GoFundMe fundraising pages. They include a man who says that he ...
Black Friday surprise: Jeff Bezos tells people not to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-tail behemoth Amazon, has some spending tips as Americans gear up for the holiday shopping season — amid four-decade-high inflation and recession worries. Her...
Gap (GPS) earnings Q3 2022
Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expe...
Taylor Swift public ticket sale canceled over extreme demand, Ticketmaster says
Taylor Swift poses with her awards during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Tickets for Taylor...
Macy’s (M) Q3 2022 earnings
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Thursday raised its earnings forecast for the year as strong luxury sales boosted the departm...
Live Nation, Gap, Ross Stores, Palo Alto and more
Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue. Gap also also gave a cautious outlook for the holiday...
Former SpaceX employees file complaints alleging retaliatory firings
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Former employees of SpaceX have filed federal complaints against the company, alleging Elon Musk’s...
Rent growth slows to the lowest level in 18 months
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starti...
Visa says Ryan McInerney will replace Al Kelly as its next CEO
Visa Thursday named Ryan McInerney as its next chief executive, replacing Alfred Kelly who will step down from the role, effective Feb. 1, 2023. McInerney has been president at Visa since 2013, overse...
Taylor Swift Ticketmaster fiasco is fault of demand, bots, Liberty Media CEO says
Now we got bad bots. The CEO of Liberty Media, Live Nation’s largest shareholder, defended the event promoter against calls that it should be broken up following a storm of glitches and site fai...
Kohl’s (KSS) earnings Q3 2022
Kohl’s on Thursday withdrew its full-year outlook, pointing to volatility in the retail environment and significant macroeconomic headwinds, on top of its “unexpected CEO transition.”...
FDA says lab-grown meat is safe for human consumption
Uma Valeti, CEO and founder, UPSIDE Foods speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, October 18, 2021. David Swanson | Reuters The Food and Drug Administration...
Bath & Body Works, Norwegian Cruise Line, Macy’s and more
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Check out the companies making headlines in midday trading. Bath & Body Works – Bath & Body Works’ stock surged 24% afte...
Starbucks union to strike at more than 100 locations on Red Cup Day
Starbucks official reusable red cup, left, and red cup from Starbucks Workers United. Source: Starbucks; Starbucks Workers United Workers at more than 100 unionized Starbucks locations plan to strike ...
Energy transition will fail unless wind power fixes problems: CEO
Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022. Paul Ellis | AFP | Getty Images The CEO of Siemens Energy on Wednesday argued that the energy transitio...
Uber is going to be the last man standing
Uber Technologies Inc: “Uber is a stock that you have to own for a while. … It’s going to be the last man standing, and that’s why I like Uber.” PayPal Holdings Inc: R...
Macy’s, BJ’s Wholesale, Kohl’s and others
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-s...
The secret to a happier retirement might be in your ‘retirement quotient’
You know all about IQ (intelligence quotient) and probably EQ (emotional quotient or emotional intelligence). But if you’re getting close to retirement or in retirement, you might also want to know ab...
SBF Says He Wants to Raise Liquidity and Restart Business, Here’s What’s Happening
Yuri Molchan Founder of now-bankrupt exchange wants to start things from scratch, here’s how community reacted Sam Bankman-Fried, who co-founded major exchange FTX which he recently declared ins...
ZoomInfo Shares Plunge on Disappointing 2023 Outlook
ZoomInfo Technologies shares hit an air pocket Wednesday after the company issued disappointing guidance for 2023 at an RBC Capital Markets investment conference. ZoomInfo (ticker: ZI) Chief Financial...
Opinion: The new bull market will be led by stocks in these three industries.
We don’t know yet if the recent rally kicks off a new bull market in stocks. But here’s a safe bet: Once the new bull market is here, entirely different groups will lead. It’ll be out with the old — t...
Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy
CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look...
History says inflation could persist for a decade
If you are a retiree, or even near to retirement, you are probably more vulnerable to inflation than most. Your cost of living is probably rising faster than your income. You’re lucky if any pension o...