Month: June 2022
5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to open lower as bond yields remain high Traders work on the floor of the NYSE, June 6, 2022. Source: NYSE U.S. stock futures dropped Tuesday, with elevated bond yields playing spoiler again. Sentiment […]
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Your next quarterly 401(k) statement may be alarming. Here’s why
Your internal alarm bells may ring when reading your next 401(k) plan statement — at first blush, at least. Traditional 401(k) statements — regular notices that arrive by mail or online — show investors how much money they’ve saved for retirement, among other information such as investment allocations. Soon, they’ll also see how their nest […]
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EU agrees to make common charger mandatory for Apple iPhones and other devices
gelmold | iStock | Getty Images The European Commission, the executive arm of the European Union, is going to force smartphone manufacturers like Apple and other electronics makers to equip their devices with a standard USB-C charging port. EU lawmakers on Tuesday agreed to a single mobile charging port for mobile phones, tablets and cameras. It […]
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Ben & Jerry’s galvanizes customers to lobby for tighter gun laws after Texas, New York mass shootings
Ice cream giant Ben & Jerry’s is galvanizing its millions of customers in a new lobbying push for tougher gun safety measures after last month’s mass shootings in Uvalde, Texas, and Buffalo, New York. Christopher Miller, the head of global activism at the ice cream company, told CNBC in an interview that the company has […]
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Stocks making the biggest moves in the premarket: Target, J.M. Smucker, Kohl’s and more
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target announced a series of moves to “right-size” its inventory levels, including additional markdowns and canceling orders. It cut its operating margin guidance for the current quarter to 2% from the prior 5.3% but said the margin would recover to […]
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London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos
Traders operate in the Ring, the open trading floor of the new London Metal Exchange (LME) in central London. Matt Clinch | CNBC LONDON — A second U.S. firm has sued the London Metal Exchange for $15.3 million over canceled nickel trades in March. Jane Street Global Trading filed a judicial review claim in the […]
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OnlyFans says it’s not seeing a Netflix-like slowdown in subscribers despite rising inflation
In this photo illustration, the OnlyFans logo is displayed on a smartphone. Sheldon Cooper | SOPA Images | LightRocket via Getty Images AMSTERDAM — OnlyFans is not experiencing a slowdown in subscribers like Netflix even as people grapple with rising prices, executives at the company said Tuesday. “We’re not experiencing that slowdown,” Keily Blair, OnlyFans’ […]
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Signs are pointing to a brutal summer of travel, says The Points Guy’s Brian Kelly
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Kelly, founder of travel website ‘The Points Guy,’ joins CNBC’s ‘Squawk Box’ with a look at the busy summer travel season. “All the signs are pointing to a pretty brutal summer,” Kelly tells CNBC regarding the forthcoming travel season. Source
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Analysts cheer Apple’s continued chip developments following WWDC
Analysts continue to bet on Apple and view the technology giant’s foray into its chipmaking as impressive, even as the company faces supply disruptions from China. Apple on Monday held its annual Worldwide Developers Conference , where it unveiled a new MacBook Air and 13-inch MacBook Pro, powered on a newly announced M2 chip. The […]
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CDC raises monkeypox alert as global cases surpass 1,000
Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. Dado Ruvic | Reuters The U.S. Centers for Disease Control and Prevention has stepped up its monkeypox guidance, urging travelers to take extra precautions including wearing face masks as global cases of the virus surpass 1,000. The CDC […]
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