Month: June 2022
Only 20% of U.S. workers in office three days or more: IBM CEO
As major American corporations began to welcome workers back in the spring, they were surprised by what they saw: fewer employees than they expected who wanted to return to offices. That was the case at Ford, which told CNBC back in April that the initial numbers were “lower than we expected,” and more recent comments […]
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Mixed inflation data might be necessary for a soft landing, Jim Cramer says
CNBC’s Jim Cramer on Monday told investors that while the market remains volatile as it receives contrasting signals about the state of inflation, the seesawing could give way to a soft landing. “The news is precarious. It could go either way. But maybe that’s what we need to see if we’re going to have a […]
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Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides it
Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and philanthropist, says the economy’s path may be beyond the central bank’s control, and two other global players are more […]
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Stock index futures inch higher following a losing day Monday
Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones Industrial Average gained 36 points. S&P 500 futures edged up 0.2% and Nasdaq 100 futures rose 0.3%. The overnight action followed modest losses […]
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JetBlue ups offer for Spirit Airlines as shareholder vote on Frontier bid approaches
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways again increased its offer for Spirit Airlines as a shareholder vote for the discounter’s deal to merge with Frontier Airlines is just days away. Frontier sweetened its offer on Friday and Spirit’s CEO told CNBC then […]
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CVS capping purchases of Plan B pills to ensure consistent supply
Protesters outside the Supreme Court following the overturning of Roe v. Wade. Brandon Bell | Getty Images News | Getty Images CVS is limiting the number of the emergency contraceptives commonly known as “morning after pills” and “Plan B” that people can buy on its website and in its stores after last week’s Supreme Court […]
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JPMorgan keeps dividend unchanged as rivals including Morgan Stanley boost payouts after Fed test
A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs. Reuters JPMorgan Chase said Monday that increasingly stringent capital requirements forced it to keep its dividend unchanged while rival banks announced bumps to their quarterly payouts. Bank of America said that it was raising its quarterly dividend […]
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Gay Connecticut Supreme Court justice calls out U.S. Supreme Court Justice Clarence Thomas on same-sex marriage ruling repeal idea
(L-R) Associate Supreme Court Justice Clarence Thomas and his wife and conservative activist Virginia Thomas arrive at the Heritage Foundation on October 21, 2021 in Washington, DC. Drew Angerer | Getty Images A gay Connecticut Supreme Court justice suggested that U.S. Supreme Court Justice Clarence Thomas was being hypocritical in calling for reconsideration of rulings […]
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Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China
Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter, as the sneaker giant overcame a Covid lockdown in China and tougher climate for consumers in the U.S. […]
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Renewable energy vs. fossil fuels? It’s a false choice, says John Doerr
As Russia’s war in Ukraine led to a spike in oil prices, energy shortages in Europe, and fears that the natural gas situation will get worse, there’s been a mounting backlash against renewable energy and the idea the world is prepared to function without fossil fuels. What the world needs, according to John Doerr, chairman […]
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