Month: August 2024
Walmart adds a Burger King benefit to its membership program
A Burger King Whopper hamburger is displayed in San Anselmo, California. Justin Sullivan | Getty Images Walmart members are in for a whopper of a deal. The retailer on Thursday announced a new partnership with fast food chain Burger King that will offer members of its Walmart+ subscription program 25% off any Burger King order […]
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GM-owned Cruise will partner with Uber to offer driverless rides
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images Uber Technologies and General Motors’ Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. The […]
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Zoom stock has best day in almost two years on quarterly results, increased guidance
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected results for the second quarter and raised its full-year guidance. The stock rose […]
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Former FTX exec Ryan Salame’s romantic partner indicted on campaign finance crimes
Michelle Bond, CEO of Digital Futures. CNBC Convicted former FTX executive Ryan Salame’s domestic partner Michelle Bond has been indicted in New York on federal charges accusing her of conspiring to raise unlawful campaign contributions from FTX for her unsuccessful run for Congress in 2022, prosecutors announced Thursday. Manhattan U.S. Attorney Damian Williams claims that […]
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NWSL eliminates draft, grants unrestricted free agency to players
Maitane Lopez Millan #77 of Gotham FC defending battling Jordyn Huitema #9 of OL Reign for the ball during NWSL Cup Final game between NJ/NY Gotham City FC and OL Reign at Snapdragon Stadium on November 11, 2023 in San Diego, CA. Michael Janosz | ISI Photos | Getty Images The National Women’s Soccer League […]
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Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole
Key Points Fed Chair Jerome Powell will deliver his policy speech at 10 a.m. ET from the central bank’s annual conclave in Jackson Hole, Wyoming. For all the attention being paid to the presentation, the chances of it containing any startling news seem remote. In previous years, Powell has used Jackson Hole speech to outline […]
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Jim Cramer looks at reasons for the market decline and provides new views on 3 stocks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets drop: Wall Street struggled to hold onto its early gains and moved lower. We’re not surprised to see the market take a breather after its […]
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Crypto asset managers look past the next big coin to diversify portfolios
The next innovation in crypocurrencies won’t come from the introduction of a Solana ETF alone. Asset managers say they’re more focused on other ways investors can diversify their portfolios with crypto. The launch of the highly anticipated bitcoin ETFs in January was a success, but many are wondering what’s next for the industry. Some crypto […]
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FDA approves updated Pfizer, Moderna Covid vaccines as virus surges; shots to be available within days
The Food and Drug Administration on Thursday approved updated Covid vaccines from Pfizer and Moderna, putting the new shots on track to reach most Americans in the coming days amid a summer surge of the virus. The jabs target a strain called KP.2, a descendant of the highly contagious omicron subvariant JN.1 that began circulating […]
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The Jackson Hole technical trade: BTIG says these stocks are buys ahead of Powell speech
A handful of stocks could be breakout candidates as investors react to discussions at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, according to BTIG. Fed Chair Jerome Powell could offer insight into the likelihood and depth of an interest rate cut at the central bank’s September meeting. Investors widely expect a cut, according […]
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