Month: June 2022
DocuSign CEO Dan Springer steps down
Dan Springer, chief executive officer at DocuSign. David Paul Morris | Bloomberg | Getty Images DocuSign CEO Dan Springer is stepping down, the company announced Tuesday. The decision comes after the e-signature software maker lost more than 60% of its value year to date. The company didn’t provide a reason for his departure but said […]
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Massive rail walkout kicks off in the UK with fears of a summer of strikes over pay
Forty thousand U.K. Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty Images LONDON — A days-long rail walkout that is causing severe travel disruption across Britain could be just the beginning of […]
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Bitcoin rebounds, leading other cryptocurrencies higher, after its big dip over the weekend
Selim Korkutata | Anadolu Agency | Getty Images Bitcoin climbed on Tuesday after a slew of negative headlines had pushed the cryptocurrency to a new 2022 low over the weekend. The price of bitcoin jumped more than 7% to $21,617.70 around 10:50 a.m. ET, according to Coin Metrics. Over the weekend, it fell as low […]
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Sales of existing homes fell in May, and more declines are expected
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April’s sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months […]
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Netflix talks with Google about ads as Sarandos is set to address Cannes this week
LOS ANGELES, CALIFORNIA – JUNE 12: CEO of Netflix Ted Sarandos attends Netflix’s FYSEE event for “Squid Game” at Raleigh Studios Hollywood on June 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Netflix) Charley Gallay | Getty Images Entertainment | Getty Images CANNES, France – As the world’s biggest advertising conference […]
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Uber restarting shared rides in U.S. cities like New York and San Francisco
Zoom In IconArrows pointing outwards Uber announced Tuesday it’s bringing back shared rides in a handful of U.S. cities after pulling the service for more than two years. The feature, which allows riders to share a car with strangers going in a similar direction for a discount, is available in New York City, Los Angeles, […]
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Redwood Materials and Toyota join forces to recycle electric-vehicle batteries
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email JB Straubel, former chief technology officer at Tesla and CEO of Redwood Materials, sits down with CNBC’s Phil LeBeau to discuss the company’s plan to team up with Toyota to recycle and reuse electric-vehicle batteries. Source
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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 bounce after S&P 500’s worst seek since 2020 The sign for Wall Street is seen with U.S. flags outside the New York Stock Exchange. Yuki Iwamura | Afp | Getty Images Dow futures […]
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Airline demand has returned quicker than most anticipated, says Citigroup analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steve Trent, airline analyst at Citigroup, joins CNBC’s ‘Squawk Box’ to discuss whether now is the time to buy airline stocks amid the busy travel season. Source
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Stocks making the biggest moves premarket: Kellogg, Lennar, Spirit Airlines and others
Check out the companies making headlines before the bell: Kellogg (K) – Kellogg jumped 8.1% in premarket trading after announcing plans to split into three separate public companies. One entity will comprise the snack and international cereal businesses, another the U.S. cereal business and the third will be a pure-play plant-based food producer. Lennar (LEN) […]
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