Month: July 2022
Stocks making the biggest moves midday: Bausch Health, Meta, Comcast, Qualcomm and more
In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped 50%. A Delaware federal […]
Read More
Google’s new Pixel Buds Pro are closer to Apple’s AirPods Pro, but not quite as good
Sofia Pitt wearing Google’s Pixel Buds Pro Sofia Pitt | CNBC What’s good The Pixel Buds Pro are the first headphones from Google with noise-canceling technology, just like Apple’s AirPods Pro. The audio quality is really good and almost on par with Apple’s AirPods Pro. When toggling between my AirPods Pro and Pixel Buds Pro […]
Read More
PayPal veteran Jim Magats is named CEO of MX, the startup that connects banks and fintech players
Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is naming PayPal executive Jim Magats its new CEO, CNBC has learned. Magats, a nearly two-decade PayPal veteran who was most recently senior vice […]
Read More
UPS workers rally in New York to protest hot working conditions
Teamster Local 804 rally in Brooklyn, NY, July 28, 2022. Jack Stebbins | CNBC BROOKLYN, N.Y. – UPS workers rallied Thursday morning to demand that the company provide workers adequate relief during periods of extreme heat. Union leaders at the rally described UPS distribution centers “infernos” with limited air conditioning. The rally was inspired by […]
Read More
Former Trump White House chief of staff Mick Mulvaney meets Thursday with Jan. 6 Capitol riot committee
Acting White House Chief of Staff Mick Mulvaney talks with U.S. Rep. Mark Meadows (R-NC) and House Minority Leader Kevin McCarthy (R-CA) prior to a U.S.-China trade signing ceremony in the East Room of the White House in Washington, January 15, 2020. Kevin Lamarque | Reuters Former Trump White House acting chief of staff Mick […]
Read More
Watch live: Biden speaks about the $433 billion Inflation Reduction Act deal in Congress
(Biden is scheduled to begin speaking at 12:30 p.m. ET. Please refresh the page if the video above doesn’t play at that time.) President Joe Biden will speak at noon today about the newly announced Democratic budget deal in Congress. The deal revives Biden’s signature legislative priority, a Build Back Better economic bill that collapsed […]
Read More
JPMorgan hires scientist Charles Lim to help protect financial system from quantum-supremacy threat
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum-computing expert to be the bank’s global head for quantum communications and cryptography, according to a memo obtained by CNBC. Charles Lim, an assistant professor at the National University of Singapore, will […]
Read More
Meta shares fall following disappointing earnings
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Shares of Meta are down nearly 7% on Thursday, a day after the company released second-quarter earnings that missed on the top and bottom lines. Meta’s revenue fell almost 1% from a […]
Read More
Consumer spending is slowing, but there are still pockets of strength in these three sectors
Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. Hilton on Wednesday topped analysts’ second-quarter estimates and raised its full-year outlook, saying it remained optimistic there would be strong travel demand for the rest of the year. On Thursday morning, Southwest Airlines reinforced this view as it beat […]
Read More
Beyond Meat stock falls after conclusion of McDonald’s McPlant test
Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of Beyond Meat fell 6% in morning trading after J.P. Morgan said McDonald’s ended its U.S. test of […]
Read More