Day: August 16, 2022
Biden’s corporate tax hike in the Inflation Reduction Act won’t hurt most U.S. companies, Wall Street analysts say
Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference about the Inflation Reduction Act outside the U.S. Capitol on August 4, 2022 in Washington, DC. Drew Angerer | Getty Images Business advocacy groups lobbied hard against the 15% minimum tax rate for large corporations that just passed Congress as part of the the […]
Read More
Amazon workers at warehouse near Albany file petition for union election
Workers and supporters hold signs after filing a petition requesting an election to form a union outside the National Labor Relations Board (NLRB) regional office in the Brooklyn Borough of New York, on Monday, Oct. 25, 2021. Gabby Jones | Bloomberg | Getty Images Amazon workers at a warehouse in upstate New York have filed […]
Read More
Trump-linked SPAC Digital World Acquisition postpones earnings report after seeking to delay merger
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Group, the special purpose acquisition company that plans to merge with Trump Media and Technology Group and take it public, is asking for an extension to file its earnings report, according […]
Read More
CNBC Chairman Mark Hoffman to step down in September
Mark Hoffman, Chairman of CNBC Mark Hoffman, CNBC’s president since 2005 and chairman since 2015, announced Tuesday he will step down on Sept. 12. Hoffman is leaving of his own accord. NBCUniversal hired Cesar Conde to oversee NBC News, MSNBC and CNBC in May 2020 to bring more centralized leadership to the group. KC Sullivan will return […]
Read More
Amazon workers walk out over pay, safety concerns at major California air hub
An Amazon-branded Boeing 767 freighter, nicknamed Amazon One, flies over Lake Washington during the Seattle Seafair Air Show on Aug. 5, 2016 in Seattle. Getty Images Amazon workers at the company’s largest air hub in California walked off the job earlier this week to demand higher pay and safety improvements. The work stoppage on Monday […]
Read More
Democratic lawmaker accuses Google of failing to police deceptive ads
U.S. Senator Richard Blumenthal (D-CT) speaks to reporters during a break from a Senate Armed Services and Foreign Relations joint briefing on the U.S. policy on Afghanistan, on Capitol Hill in Washington, February 2, 2022. Al Drago | Reuters Google has failed to take down scam ads that violate its policies, according to Sen. Richard […]
Read More
Polio has been circulating for months in New York City area and poses an ongoing risk to the unvaccinated, CDC says
Polio has been circulating locally in the New York City metropolitan area for months after an individual introduced the virus from abroad, according to the Centers for Disease Control and Prevention. An unvaccinated young adult in Rockland County, a suburb of New York City, caught polio in June and suffered paralysis. The individual had not […]
Read More
Amazon is raising seller fees for the holidays to manage through surging inflation
Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images In its latest effort to contend with soaring inflation, Amazon is planning to raise fulfillment fees during the holiday season, passing off some of its increased costs to the millions of merchants who […]
Read More
Stocks making the biggest moves midday: Walmart, Bed Bath & Beyond, Zoom, Ally and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart, Home Depot — The retailers’ shares rose about 5% each after both companies reported better-than-expected earnings for the most recent quarter. That lifted other retail […]
Read More
3 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: We want growth without inflation WMT, HD earnings beats boost retailers Quick mentions: CTRA, DIS, WFC 1. We want growth without inflation Stocks were mixed Tuesday, with tech names keeping […]
Read More