Former US President Donald Trump raises his fist while walking to a vehicle outside of Trump Tower in New York City on August 10, 2022. Stringer | AFP | Getty Images As Donald Trump considers whether ...
Tag: Business
Why ‘box fatigue’ may be hitting the apparel industry, Stitch Fix
A selection of men’s clothes packaged by Trunk Club, which was shuttered earlier this year after Nordstrom bought the personal styling service in 2014. Source: Trunk Club After earning a master&...
We’ll have to burn additional coal in the short term, CFO of RWE says
An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. Alex Kraus | Bloomberg | Getty Images The chief financial officer of Germa...
Honest Company, Rivian, Illumina and others
Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural ...
Pick up these four stocks if the market goes down on Friday
CNBC’s Jim Cramer offered a list of stocks to buy on Friday if the market declines. “I was very disappointed in the performance of the tech stocks today … That said, I think the market wil...
Inside The Business Of The New Saudi Golf League
With limited revenue, astronomical signing bonuses and enormous purses, LIV Golf has run up quite a tab. But the real surprise is that Saudi Arabia’s nascent golf super league isn’t just “sports washi...
Philippines’ ABS-CBN To Buy Stake In Rival TV Network As Former Media Giant Seeks To Revive Business
The ABS-CBN Corp. Broadcasting Centre logo sits on display at the entrance to their compound in … [+] Metro Manila. Veejay Villafranca/Bloomberg ABS-CBN Corp.—controlled by tycoon Oscar Lopez—ha...
Pro Skateboarder Leo Baker’s Newest Trick: Sticking To Business
Leo Baker attends the World Premiere of Netflix’s “Stay On Board: The Leo Baker Story” at Directors … [+] Guild Of America on July 21, 2022 in Los Angeles, California. Photo by...
American Universities Are Losing Chinese Students To Rivals: U.S.-China Business Forum
“What we’re seeing at the moment is softness in the enthusiasm of Chinese students and their parents … [+]s to enroll in U.S. institutions,” John Quelch, dean of the University of Miami He...
After Taking A Hit During The Pandemic, Restaurants’ Breakfast Business Is Coming Back ‘With Velocity’
In Q2, McDonald’s CEO Chris Kempczinski said breakfast was the chain’s strongest performing daypart. … [+] McDonald’s The restaurant industry’s recovery has somewhat stalled th...
Justice Department asks to unseal Trump raid search warrant
Attorney General Merrick Garland said the Justice Department asked a federal judge Thursday to unseal a search warrant that was used by FBI agents to raid the Florida home of former President Donald T...
Rivian (RIVN) earnings Q2 2022
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automoti...
CDC eases guidance as U.S. has more tools to fight the virus
A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City. On Friday vaccine advisers to the US Centers for Disease Control (CDC) and Prevention voted unanimously ...
New York Times stock jumps on ValueAct 6.7% stake
The New York Times building Jonathan Torgovnik | Getty Images Activist investor ValueAct has built a 6.7% stake in the New York Times, according to an SEC filing out Thursday, sending shares of the me...
GM reveals new GMC Canyon premium midsize pickup, starting at $40,000
DETROIT — General Motors on Thursday revealed its redesigned GMC Canyon as a more premium offering than the current midsize pickup, including a new off-road AT4X model that will expand the vehicleR...
McDonald’s says it’s planning to reopen some restaurants in Ukraine
People are stand queue to McDonald’s in central Kyiv, Ukraine, on 29 May, 2020. STR | Nurphoto | Getty Images McDonald’s said Thursday that it is planning a phased reopening of some of its...
Six Flags, Disney, Sonos and more
Customers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey. Kenneth Kiesnoski/CNBC Check out the companies making headlines in ...
Personal Taxes Vanished| Investor’s Business Daily
The Inflation Reduction Act — the much-ballyhooed tax and energy bill that the Senate passed on Sunday — has few if any of the long-feared taxes on individuals that Democrats had originally called for...
Six Flags, Canada Goose, Warby Parker and more
Check out the companies making headlines before the bell: Six Flags (SIX) – The theme park operator’s stock tumbled 12.8% in the premarket after its quarterly profit and revenue fell well short ...
National average for a gallon of gas drops below $4
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The national average for a gallon of gas dropped below $4 on Thursday for the first time si...
Warby Parker (WRBY) reports Q2 2022 losses
A general view of the atmosphere at Warby Parker’s store in The Standard, Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker on Thursday joined the slew of retailers that have ...
Crypto Broker Genesis Says Lending Business Declined in Q2
Genesis, a global institutional digital asset trading, lending, derivatives, custody and prime brokerage services company, on Wednesday, published its Q2 earning report with some interesting insight i...
Software company acquisitions are a bullish sign for the sector’s stocks, Cramer says
CNBC’s Jim Cramer on Wednesday said that software company acquisitions that have gotten rolling in recent weeks suggest that stocks in the sector could be close to bottoming. “The long sof...
CleanSpark posts $29.3 million net loss and will exit the energy business
Bitcoin miner CleanSpark posted a net loss of $29.3 million in the third quarter of its fiscal year ending in June, compared with a net loss $170,000 in the previous quarter. The company is exiting en...
Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market … totally saw peak inflation coming...
Disney raises prices for streaming services
Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable. Starting Dec. 8 in the U.S., Disney+ with com...
New Technology Brings New Opportunities: U.S.-China Business Forum
Zhonglu Group Vice Chairman George Wang George Wang Technology advances are bringing new ways for U.S. and China businesses to try to work together at a time of geopolitical tension, Zhonglu Group Vic...
Disney (DIS) fiscal Q3 2022 earnings
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images If...
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of large-cap oil stocks a...