Tom Holland stars as Peter Parker in “Spider-Man: No Way Home.” Sony Spider-Man, the Na’vi and a ragtag group of galactic rebels are making their way back to theaters at the end of t...
Tag: Business
Alibaba, JD.com, and Bilibili Fall on Report Tencent to Sell Meituan Stake
Text size Tencent holds a 17% stake in food delivery company Meituan. GREG BAKER/AFP via Getty Images Alibaba, JD.com and some of China’s biggest companies saw billions wiped off their value Tuesday...
Home Depot, Walmart, Masimo and more
Check out the companies making headlines before the bell: Home Depot (HD) – Home Depot reported a quarterly profit of $5.05 per share, 11 cents above estimates, with revenue and comparable store sales...
Judge Knocks 3M Bankruptcy Strategy for Military Earplug Lawsuits
A federal judge criticized 3M Co. ’s attempt to use the protections of chapter 11 to resolve mass injury claims by U.S. military veterans, but will allow a bankruptcy court to decide whether to shield...
Warren Buffett Loves T-Bills. You Should Consider Them.
Warren Buffett, chairman and CEO of Berkshire Hathaway, has $75 billion in Treasury bills. Saul Loeb/AFP via Getty Images Text size Warren Buffett parks most of Berkshire Hathaway’s cash in ultra-safe...
‘I’m in a very lucky position’: I will receive a $300,000 inheritance. Should I pay off my mortgage or invest the money?
I currently owe $300,000 on my house with a 2.5%, 30-year mortgage. I am maxing out my retirement accounts — IRA and 401(k) — and looking to retire in less than 10 years. I will receive an inheritance...
SoftBank-backed Ola Electric wants to launch India-built EV in 2024
Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company’s EV-arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | G...
Jim Cramer says to stay away from this post-SPAC stock
CNBC’s Jim Cramer on Monday told investors to refrain from buying shares of Getty Images until the stock sees declines. “You have to stay away from any post-SPAC stock that explodes higher...
Retail giants report with all eyes on the consumer
CNBC’s Jim Cramer on Monday said that this week’s economic data releases and retailer earnings reports will give important insights into the state of the American consumer and, in turn, in...
How to Leverage the Best Result For Your Business
Influencers: The value of cooperation between businesses and influencers can not be overlooked when growing your business, says Viktor Kochetov, the CEO of crypto exchange platform Kyrrex. Using an in...
Veritone is not a buy
Veritone Inc: “It’s losing money like water, and we’re against that. … So we’re going to say no.” CVR Energy Inc: “I like the fertilizer business more than I ...
Charts suggest investors should buy these 3 stocks into weakness, Jim Cramer says
CNBC’s Jim Cramer on Monday advised investors to buy shares of Apple, Tesla and Microsoft if they decline. “The charts, as interpreted by Carolyn Boroden, suggest that Apple, Tesla and Mic...
Dodge Challenger, Charger to be discontinued in 2023
2022 Dodge Charger SRT Hellcat (left) and 2022 Dodge Challenger SRT Super Stock Dodge DETROIT — Dodge will discontinue its gas-powered Challenger and Charger muscle cars at the end of next year, marki...
Stores, suppliers fight over price hikes as inflation squeezes shoppers
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Long before shoppers fill up their carts with hot dogs or...
Berkshire Hathaway boosts Apple, Amazon stakes
Warren Buffett’s Berkshire Hathaway Inc. BRK.A, +0.55% BRK.B, +0.42% added to its positions of Amazon.com Inc. AMZN, -0.26% and Apple Inc. AAPL, +0.63% over the past quarter, according to a filing wit...
Walmart strikes streaming deal with Paramount
In this photo illustration, a woman’s silhouette holds a smartphone with the Walmart logo displayed on the screen and in the background. Rafael Henrique | Lightrocket | Getty Images Walmart has ...
Unity Stock Tumbles After Board Rejects AppLovin’s $17.5 Billion Buyout Bid
Text size Unity Software doesn’t think AppLovin’s offer was in the best interests of its shareholders. David Paul Morris/Bloomberg Videogaming company Unity Software on Monday rejected Ap...
Robinhood is a ‘flawed business model’: Jeff Kilburg
Robinhood Markets Inc (NASDAQ: HOOD) has bounced about 70% off its low in mid-June, which, as per Jeff Kilburg (Chief Investment Officer at Sanctuary Wealth) is an opportunity to pull out of the stock...
Bill Gates’ nuclear company TerraPower raises $750 million
Bill Gates, co-founder of Microsoft and Chair of the Gates Foundation, walks to a morning session during the Allen & Company Sun Valley Conference on July 08, 2022 in Sun Valley, Idaho. Kevin Diet...
Business travel spending might not return to pre-Covid levels until 2026
Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recove...
Starbucks asks labor board to suspend mail-in ballot union elections, alleging misconduct in voting process
A sign is seen as Activists participate in an event dubbed the Un-Birthday Party and picket line for Starbucks CEO Howard Schultz on July 19, 2022 in New York City. Activists gathered near SchultzR...
Premium products take priority as companies battle cost-of-living
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri ...
Automakers investing in the South as EVs change the auto industry
Jack Weaver, an 82-year-old retired dairy farmer whose house sits on a Civil War battlefield, lives near General Motors’ Spring Hill plant in Tennessee. Michael Wayland / CNBC SPRING HILL, Tenn....
People are spending lots of money on makeup, and retailers are cashing in
Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands. Melissa Repko | CNBC As prices creep up, some people have ...
The other reason why food prices are rising
The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. More expensive fertilizers are contributed to those higher costs, with som...
Unity Board Opposes AppLovin’s $17.5 Billion Buyout Offer
Updated Aug. 15, 2022 10:48 am ET Listen to article (2 minutes) Unity Software board has unanimously agreed that the $17.5 billion buyout offer from AppLovin isn’t in the best interests of shareholder...
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the governme...
Berkshire 13F: Buffett Likely Bought Apple, Chevron, and Occidental Stock
Text size CEO Warren Buffett and his investment lieutenants didn’t buy as much stock in the second quarter as they did in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshi...
What a Chinese Blockade of Taiwan Would Mean for Global Business
Beijing considers Taiwan, a democratically ruled island near mainland China, as part of its territory. When U.S. House Speaker Nancy Pelosi visited Taiwan this month to support its government, Beijing...
What’s the best way to invest in tech stocks right now? This strategy is working well for one fund manager.
Technology stocks have been rallying for weeks. But there are plenty of arguments that we’re in the midst of a bear-market rally and that more volatility lies ahead, especially for the rapidly growing...