Text size GE management is breaking up the company. Luke Sharrett/Bloomberg General Electric will soon be breaking into three parts, so Wall Street is starting to value the company on a sum-of-the par...
Tag: Business
FCC denies SpaceX Starlink for nearly $1 billion broadband subsidies
A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX The Federal Communications Commission on Wednesday denied SpaceX’s bid for nearly $1 billion in subsidies to ...
Inflation Reduction Act EV tax credits could hurt sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV ow...
Some spirits drinkers are starting to trade down, Beam Suntory says
Bottles of Beam Inc.’s Jim Beam bourbon whiskey, center, are displayed for sale at a liquor store. Uriko Nakao | Bloomberg | Getty Images The maker of Jim Beam said some price-sensitive whiskey ...
Coinbase, Roblox, Wendy’s and more
Check out the companies making headlines in midday trading. Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase – Shares o...
Ford CEO doesn’t expect electric vehicle battery costs to drop soon
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of r...
Business travel costs are expected to rise through 2023, report says
Passengers wait for flights with their luggage at Heathrow airport in London Luke MacGregor | Reuters The cost of business travel, from hotels to airfare, is set to rise through 2023 as demand returns...
Nikola CEO Mark Russell to retire at the end of the year
Mark Russell, chief executive officer of Nikola Corp., left, during a media briefing at the unveiling of the Iveco-Nikola electric truck plant in Ulm, Germany, on Wednesday, Sept. 15, 2021. Andreas Gr...
Boeing delivers first 787 Dreamliner since 2021 after manufacturing flaws
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | ...
Inflation has helped push workers back into the industry
High inflation and the money-making opportunities it’s created have driven workers back to the restaurant industry, Danny Meyer told CNBC’s Jim Cramer on Tuesday. “There’s no q...
Don’t bet against short sellers in this market, Jim Cramer warns
CNBC’s Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers. The market went in favor of short-sellers on Tuesday after the major indices fel...
Wendy’s, Coinbase, Buzzfeed and more
Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report bette...
Trump Set To Testify In New York Attorney General’s Civil Investigation Into His Business
Topline Former President Donald Trump said he will meet New York Attorney General Letitia James on Wednesday where he is expected to testify as part of the state’s civil investigation into his real es...
Stocks making biggest after hour moves: Coinbase, Roblox and more
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours tr...
Sweetgreen (SG) Q2 2022 earnings meet estimates
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged more tha...
Norwegian Cruise Line (NCLH) earnings Q2 2022
The Norwegian Pearl uses the turning basin as it docks at PortMiami on January 05, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Norwegian Cruise Line fell Tuesday after the company repo...
Northrop Grumman moves rocket work from Russia, Ukraine with Firefly
Northrop Grumman’s Antares rocket lifts off from NASA’s Wallops Flight Facility in Virginia on Aug. 10, 2021 carrying a Cygnus spacecraft with cargo for the International Space Station. Te...
Ford increasing price of electric F-150 Lightning
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor on Tuesday said it is increasing the starting prices o...
Zales owner Signet buys online jewelry brand Blue Nile
A pedestrian walks past a Zales store in New York. Scott Eells | Bloomberg | Getty Images Signet Jewelers said Tuesday that it will acquire online jewelry retailer Blue Nile for $360 million in an all...
Spirit Airlines (SAVE) earnings Q2 2022
Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines reported a secon...
Japanese shipping giant to take part in tidal power project
Buildings in Singapore at dusk. Asia is already home to a number of tidal power projects. Guvendemir | E+ | Getty Images Japanese shipping giant Nippon Yusen Kaisha is to take part in a tidal power pr...
Apple Card growth, vendors blamed for mishaps in Goldman card business
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images When it was unveiled in 2019,...
Liberty Media Leads $100 Million Funding Round For Gen Z Sports Channel Overtime As Bezos, Morgan Stanley Up Stakes
In 2023, Overtime’s Dan Porter plans to add more properties featuring female high school athletes. SportsPro via Getty Images As Dan Porter sat in the owner’s suite at Truist Park in Atlanta wat...
Berkshire Now Holds 20% of Occidental Petroleum
Text size Berkshire CEO Warren Buffett has steadily accumulated Occidental stock this year. AFP via Getty Images Berkshire Hathaway now owns just over 20% of Occidental Petroleum after about $400 mill...
Ezra Miller charged with felony burglary days after Warner Bros Discovery CEO Zaslav praises ‘Flash’ movie
Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ ‘Justice League’ at Dolby Theatre on November 13, 2017 in Hollywood, California. Axelle | Bauer-Griffin | Filmmagi...
Inflation could push Fed into August rate hike
CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation...
GoodRx stock rockets after earnings as company says snag with large grocer has been resolved
Shares of GoodRx Holdings Inc. were popping more than 30% in after-hours trading Monday after the company, which offers services for people looking to compare prescription drug prices, topped expectat...