Goldman Sachs pivot from Marcus shows that disrupting retail banking is hard

David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product...

ChainSafe Raised $18.75M in Series A Funding for the Adoption of Web3 Technology

ChainSafe is a leading blockchain firm, an early entrant of Web3 infrastructure  has successfully raised $18.75M in Series A funding. The main aim to participate in the fundraising is to expand its pr...

Forbes Will Host Its Annual CIO Next Summit Aimed At Utilizing Technology And Innovation To Rebuild For A Better Tomorrow

With the global economy at a crossroads of prosperity, sustainability and inclusion versus economic stagnation, social instability, and greater climate uncertainty, identifying tactics and strategies ...

Relativity Space expansion at NASA’s Stennis for rocket engine testing

A map of the company’s expansion plans at NASA’s Stennis space center in Mississippi. Relativity Space Relativity Space, which 3D-prints rockets, said Tuesday that it signed a deal to expa...

Banks as leaders, 3 trades, keeping CRM

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. We like the banks here We&...

IKEA tests driverless delivery trucks in Texas with Kodiak Robotics

Kodiak Robotics truck in front of an IKEA store. Source: Kodiak Robotics Self-driving truck startup Kodiak Robotics said that it has begun a pilot program with IKEA in Texas. A semitruck equipped with...

Semafor debuts in tough media environment

Ben Smith, left, and Justin Smith Source: Semafor Semafor, a new digital media company with a focus on global news for college-educated readers, debuted Tuesday with intentions to bring transparency a...

Want to keep beating the S&P 500 and at much lower risk? Bet on Buffett, and perhaps this younger clone, says fund manager.

Optimism from a bullish start to the week is set to spill over into Tuesday’s session, with stock futures tearing higher. That’s as Goldman Sachs — and Netflix later — will keep the earnings ball roll...

Metaverse Hits Top 10 Strategic Technology Trends for 2023: Gartner

Metaverse is among the top ten strategic technology trends for 2023, according to technological research and consulting firm Gartner, Inc.  Metaverse escalates its influence and would extend to be one...

Netflix Kicks Off Tech Earnings Today. What to Expect.

Netflix opens the third-quarter tech earnings season after the close on Tuesday, with a focus on whether the streaming giant can snap a two-quarter streak of declining subscriber count. As usual, Netf...

Apple Stock Is Top Pick, but Hardware Sector Set for Pain, Says Morgan Stanley

The sharp drop in sales of personal computer and consumer electronics in recent quarters augurs poorly for stocks in the computer hardware sector, Morgan Stanley analyst Erik Woodring cautioned in a r...

FuboTV stock rallies after outlook hiked, sports-betting business dropped

FuboTV Inc. shares rallied in the extended session Monday after the streaming TV platform hiked its sales forecast for the third quarter, said it was dropping its sports-betting businesses and reaffir...

Huge Rental Company Places Big Order With Tesla Rival

May wasn’t a very merry month for Canoo  (GOEV) . Back then, the electric vehicle company was in some serious trouble.  Canoo warned investors earlier in 2022 “that there is substantial do...

These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year

This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary pol...

For GM auto union workers, there’s still a lot to learn about EVs

UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht...

Sell into strength, still bullish on Apple, TJX best

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Sell into any strength Stil...

Alibaba and Other China Stocks Jump as President Xi Reassures on Tech

Shares in U.S.-listed Chinese companies were moving higher Monday as investors smiled on comments from a high-profile speech by President Xi Jinping that was supportive of the country’s technology sec...

Mastercard will help banks offer cryptocurrency trading

A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. Dado Ruvic | Reuters Mastercard is looking to bring crypto to the masses by making...

SPAC Sponsors Were Winners Even on Losers

Since AEye went public by merging with a special-purpose acquisition company in August 2021, shareholders have had a rough go. The laser-technology company’s stock is down over 90% in the midst of mis...

Kroger-Albertsons Merger Would Create a Big Player in Retail Advertising

The proposed merger of Kroger Co. and Albertsons Cos. would reshape the U.S. supermarket industry by combining its two largest operators. It also would create a big player in so-called retail media, o...

Shortages Have Turned to Gluts. These Stocks Could Benefit.

Shortages have turned into surpluses—and that’s bad news for goods producers and sellers everywhere. Still, there are some companies that could buck the trend. Companies like Nike (ticker: NKE) and Mi...

Tesla, Netflix Set to Report Earnings as Recession Talk Mounts

Procter & Gamble Netflix and Tesla highlight a busy coming week of earnings as persistent inflation and climbing interest rates stoke talk of a recession. Consumer healthcare giant Johnson & J...

Kroger Pauses Buybacks to Prioritize Debt Reduction After Albertsons Deal Closes

Grocery giant Kroger Co. is pausing share buybacks ahead of its planned acquisition of rival Albertsons Cos. Inc., aiming to use the additional cash to reduce its debt as it closes one of the biggest ...

Tesla, Goldman Sachs, Netflix, AT&T, and Other Stocks for Investors to Watch This Week

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Ark’s Cathie Wood Continues to Stumble

It’s been a rough 2022 for famed money manager Cathie Wood, chief executive of Ark Investment Management, as her exchange-traded funds sink. Wood’s flagship fund, Ark Innovation ETF  (ARKK) , plunged ...

Why Zelle moves twice as much money as Venmo and the Cash App combined

Zelle may not have its own clothing line or suggest emojis when you pay your friend, but the peer-to-peer payment service is moving serious money, and that seems to be raising eyebrows these days. Sen...

Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it around

Two stocks that have defined Wall Street’s boom in the past decade — streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc. — will hope to turn around some poor recent trajectories as earn...

What bank earnings tell us about how consumers are doing with high inflation, recession worries — ‘It’s not a crack in current numbers’

For all the worries about inflation’s pinch and the chance of a recession, just-released earnings reports from big banks indicate the wallets of many regular Americans are generally holding up as they...

American Executives in Limbo at Chinese Chip Companies After U.S. Ban

SINGAPORE—American workers hold key positions throughout China’s domestic chip industry, helping manufacturers develop new chips to catch up with foreign rivals. Now, those workers are in limbo under ...

Plug Power Stock Drops On Revenue Shortfall

Plug Power stock fell on Friday after the fuel-cell company said its annual revenue would be lower than expected because of supply-chain problems. Revenue for 2022 will be 5% to 10% lower than the $90...

Twitter Bid: Bad Surprises for Elon Musk

The Elon Musk Saga v. Twitter  (TWTR) , which has occupied business circles since April, is not stingy with twists and turns.  The billionaire revealed on April 4 that he held more than 9% of Twitter....

Tether Says It Has Ditched Commercial Paper. It’s a Good Sign for Stablecoins.

Tether said that it no longer holds commercial paper in its reserves, favoring U.S. Treasuries instead in a move that addresses worries about the quality of assets backing the world’s most popular sta...