Month: April 2022
Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing […]
Read More
California subpoenas Exxon for details on role in global plastic pollution
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters California’s attorney general on Thursday announced an investigation into the fossil fuel and petrochemical industries for allegedly overstating the role of recycling in curbing global […]
Read More
Amazon shares plunge on weak sales forecast
Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Amazon shares plummeted as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company […]
Read More
Stocks making the biggest moves midday: Meta, McDonald’s, Teladoc, Ford and more
Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of the company formerly known as Facebook surged 17.6% after reporting mixed first-quarter results. The company posted a beat in earnings but a disappointing revenue miss. It also saw daily active users grow following a decline […]
Read More
1-800-Flowers shares sink as retailer cuts outlook over waning consumer demand
Chris McCann, CEO, 1-800-Flowers Scott Mlyn | CNBC Valentine’s Day wasn’t enough for 1-800-Flowers last quarter. Shares of the company tumbled 15% Thursday and hit a fresh 52-week low of $9.13, after the online retailer reported fiscal third-quarter results below analysts’ expectations and slashed its outlook for the year amid heightened inflation and waning demand […]
Read More
Powerball’s $473.1 million jackpot has a winner. Here’s the tax bill
Joe Raedle | Getty Images News | Getty Images A single lottery ticket sold in Arizona is about to change someone’s life — after the IRS takes a piece of the windfall, of course. Wednesday night’s Powerball drawing resulted in one ticket matching all six numbers drawn to land the $473.1 million jackpot. The amount […]
Read More
Elon Musk will be the most indebted CEO in America if the Twitter deal goes through
The world’s richest person could soon add another title to his name – America’s most leveraged CEO. Two-thirds of Elon Musk’s financing for the $44 billion deal to take Twitter private will have to come out of his own pocket. That pocket is deep. He has a net worth of about $250 billion. Yet because […]
Read More
Democrats push for TSA crackdown on guns after GOP Rep. Madison Cawthorn brought handgun to airport
Two House Democrats urged the Transportation Security Administration on Thursday to crack down on the growing threat of firearms at airports, days after a Republican congressman was caught bringing a gun to a TSA checkpoint. Rep. Madison Cawthorn, R-N.C. was cited Tuesday on a misdemeanor criminal charge after the TSA intercepted a loaded 9 mm […]
Read More
These stocks show pricing power, a look into Q1 earnings results reveals
Rising cost pressures and surging inflation marked the first quarter of 2022, but some companies seemed to benefit despite the uptick. Source
Read More
How Headspace Health is tackling the global mental health crisis
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2013, the idea of an app for mental health-care may have seemed novel, if not monumental in terms of a global challenge for a disruptive start-up. But times have changed. A global pandemic that […]
Read More