Text size Alibaba stock has tumbled since early 2021 amid waves of regulatory pressures. Greg Baker/AFP via Getty Images Alibaba will invest $1 billion into its cloud computing division, doubling down...
Tag: Business
XRP Lawsuit: Ripple CEO Says Case Is Entirely Dependent on This Particular Entity: Fox Business
In his latest interview with Fox Business, Ripple CEO Brad Garlinghouse says a judge, not a jury, will ultimately decide the Ripple-SEC lawsuit. In a 2020 suit, the SEC accused Ripple and its top exec...
A Recession Is Coming. Future-Proof Your Business Now
What scenarios could put us out of business in 12 months? Shutterstock This week, Europe’s Central Bank not only raised interest rates by 75 basis points, but signaled that additional hikes are likely...
Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Shares of D...
Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job
Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months. The streaming giant NFLX, -5.69% said in a regulatory filing Friday that Ken Bar...
Ford’s supply chain problems include blue oval badges for F-Series pickups
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for Ford Motor have included ...
Cruise lines’ stocks fall after Fed rate hike raises concerns about debt, recession
People come out to watch the new Carnival Cruise Line ship Mardi Gras as it departs on its maiden voyage, a seven-day cruise to the Caribbean from Port Canaveral, Florida on July 31, 2021. Paul Hennes...
FedEx, Boeing, Domino’s and more
Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boein...
Emilio Estefan talks about the challenges of Latino representation in media
Legendary music producer Emilio Estefan weighed in with his take on how to boost Latino representation in showbiz. Latinos, he said, should be true to their identities. “I feel proud that I didn...
Over 60% of Fortune 1000 corporate boards lack Latino representation
Latinos are the second largest demographic population in the United States, but they are vastly underrepresented on corporate boards, according to a new report by the Latino Corporate Directors Associ...
JetBlue fleet service workers seek union vote
A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images A major airline union said Friday that it has enough support am...
Can Blockchain Simplify Business Partnerships? – crypto.news
Business partnerships are legal relationships between two or more parties to carry out business as co-owners with the aim of making and sharing the profit. Like any other collaboration, business partn...
Compute North’s Business Goes South
Low bitcoin prices and rising energy costs have hurt mining companies Daily revenue for bitcoin miners has fallen 70% since the peak of November 2021, Arcana Research data showed Crypto mining data ce...
Coinbase Denies Report That It Tried To Create a Proprietary Trading Business – crypto.news
Cryptocurrency exchange giant Coinbase has dismissed claims that it flirted with the idea of creating an internal trading desk that would have used the company’s funds to trade and stake crypto. This ...
FedEx, Costco, Boeing and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in an...
New York Suit Against Trump Mixes Routine Business Law, Uncommon Allegations
The New York attorney general’s lawsuit against former President Donald Trump uses a common state business law to make allegations about property valuations, which lawyers say are rarely the focus of ...
Electric vehicle (EV) sales set to hit an all-time high in 2022, IEA says
Tesla electric cars photographed in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales are on course to hit an “all-time high” this year. Sean ...
Liz Truss pursues ‘trickle-down economics’ despite scorn from Biden
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the ...
Charts suggest inflation could soon come down ‘substantially,’ Jim Cramer says
CNBC’s Jim Cramer on Thursday said that inflation could soon decline, leaning on charts analysis from legendary technician Larry Williams. “The charts, as interpreted by Larry Williams, su...
I like Boston Scientific over Medtronic
Dow Inc: “Don’t buy it back. … It’s just not right.” SoFi Technologies Inc: “This stock is too cheap. … The CEO is going to make you money if you buy that sto...
3 recent tech trends show the Fed’s inflation push is working
CNBC’s Jim Cramer on Thursday said that based on his conversations with CEOs, tech companies are feeling the Federal Reserve’s push against inflation. “While some of these tech compa...
Stocks making the biggest moves after hours: Costco, DocuSign, Scholastic
Customers carry their items after shopping at Costco in Washington D.C., May 5, 2021. Ting Shen | Xinhua News Agency | Getty Images Here are the stocks making notable moves in extended trading: Costco...
These Are the 7 Worst Housing Markets, According to Lennar
Higher mortgage rates have cut into home sales at a national level—but, as the saying goes, all real estate is local. Lennar , the nation’s second-largest builder by market capitalization, on Thursda...
Coinbase Counters WSJ: Denies Running Trading Business
Crypto exchange Coinbase replied to a report from The Wall Street Journal about an alleged new trading venture. Since its debut as a publicly traded company in the United States, the company’s stock h...
FedEx (FDX) reports Q1 earnings
A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last we...
WHO warns ability to identify new Covid variants is diminishing
RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Ge...
U.S. approves Kigali Amendment to curb climate-warming chemicals
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to the media after the 51-50 vote passed the “Inflation Reduction Act of 2022” on Capitol Hill in Washington, D.C., U.S. August 7, 2...
Ford to restructure supply chain after $1 billion in unexpected costs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor on Thursday a...
Stocks Are Sinking and Rates Are Rising. It’s Painful, But We’re Heading for Normal.
Stocks and bonds are tumbling. Housing has weakened. And I haven’t heard a word about nonfungible cartoon monkey tokens in maybe three months. Strategists are now turning to truly bizarre assets—two I...