Month: December 2024
TikTok says ban would cost U.S. small businesses, creators $1.3 billion in first month
An advocate holds a sign for TikTok following a news conference outside the US Capitol in Washington, DC, US, on Tuesday, March 12, 2024. Graeme Sloan | Bloomberg | Getty Images TikTok in a court filing Monday warned that U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings in […]
Read More
Hershey stock soars on report of another Mondelez takeover attempt
The logo of Hersheys ,taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images Shares of Hershey climbed as much as 15% in morning trading on Monday after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company. Hershey’s stock has risen 7% this year, raising its market cap to $40.49 billion. […]
Read More
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO’s exit
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car on Aug. 17, 2022 in Pontiac, Mich. Michael Wayland / CNBC DETROIT — Well-known Stellantis executive Tim Kuniskis will be returning to the automaker, effective immediately, CNBC has learned. Kuniskis, who retired from the automaker earlier this year, will once again lead […]
Read More
U.S. can become a crypto superpower with ‘sensible’ regulation, Eric Trump says
A set of “sensible” regulatory guidelines can help make the U.S. a cryptocurrency superpower, according to Eric Trump, executive vice president of the Trump organization and son of president-elect Donald Trump. Speaking to CNBC’s Dan Murphy in Abu Dhabi, United Arab Emirates, Eric Trump said Monday that he’d been a “big fan of crypto for […]
Read More
Another activist takes aim at Macy’s, seeking spending cuts and real-estate restructuring
People walk past the Macy’s Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it has a position in Macy’s and wants the company to cut spending, explore selling its luxury brands and take a hard look at its real estate portfolio. It marks the fourth […]
Read More
Reddit begins testing AI-powered answers feature to win more users
Reddit is rolling out a new artificial intelligence feature designed to help people quickly find answers based on user posts, the company said Monday. A small portion of Reddit’s U.S. user base will have access to the Reddit Answers feature as part of an initial test before the company rolls the feature out more broadly. […]
Read More
Stocks making the biggest moves premarket: Nvidia, Palantir, Interpublic Group, Reddit, Macy’s and more
Check out the companies making headlines in premarket trading. Nvidia — Shares slid 2% after China said a regulatory body launched an investigation into the chipmaker. The State Administration for Market Regulation was looking at potential antimonopoly law violations, according to the Chinese government. Advanced Micro Devices — The chipmaker dropped more than 1% after […]
Read More
India appoints Revenue Secretary Sanjay Malhotra as new central bank governor
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Niharika Kulkarni | Nurphoto | Getty Images India has appointed Revenue Secretary Sanjay Malhotra as governor of the country’s central bank for a three-year period, according to CNBC TV18. He will on Tuesday […]
Read More
Treasury Department may fine small businesses up to $10,000 if they don’t file this new report
Key Points The Corporate Transparency Act requires many businesses to report “beneficial ownership information” by Jan. 1, 2025, in an effort to curb crime through shell companies. About 32.6 million businesses are subject to the new BOI reporting, according to federal estimates. Individuals that “willfully” violate the requirement may be subject to fines of $10,000 […]
Read More
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Dow drags Major U.S. stock indexes enjoyed another strong stretch last week – except for the Dow Jones Industrial Average. The S&P 500 and Nasdaq Composite both had their third straight positive week, climbing 1% and 3.3%, respectively, to […]
Read More