Business
CNBC Daily Open: U.S. stocks shrug off hot inflation numbers
Grace Cary | Moment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. U.S. inflation is starting to bite again. But stocks […]
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Seen Big Ben already? Here’s a Londoner’s guide to visiting other parts of the city
When I travel, I like to try to experience a city in a local way. So when I stayed in Downtown Vegas — more traditional and less flashy than “The Strip” — I went to yoga classes and coffee shops in residential areas. And when I went to Kerala, India, I chose a homestay in […]
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CNBC Daily Open: U.S. inflation rose more than expected. But stocks held steady
U.S. egg prices jumped by two to three times in January. Fatih Aktas | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? […]
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Stocks making the big moves after hours: Airbnb, TripAdvisor, Devon Energy and more
The TripAdvisor homepage Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Airbnb — Shares of Airbnb jumped 10% after the company released fourth-quarter earnings that topped analysts’ expectations. The company reported earnings per share of 48 cents, greater than the estimated 25 cents, according to consensus estimates […]
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Household budgets are shredded: These stocks will benefit as consumers trade down to store brands
Shoppers are largely creatures of habit, but after two years of rising prices, a broader shift to private label brands is underway. Inflation doesn’t appear to be going down anytime soon, although price increases have been subsiding since the June 2022 peak. The consumer price index, which measures a basket of common goods and services, […]
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The IRS has issued nearly 8 million tax refunds. Here’s the average payment
Bill Oxford | E+ | Getty Images The tax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the agency reported. The average refund amount was $1,963, down from last year’s payment of $2,201 at the same point in the filing season. Of course, […]
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Ford’s latest EV blunder increases the odds we’ll drop the stock, if there’s no progress this quarter
Ford Motor (F)’s decision to halt production and shipments of its electric pickup truck further undermines our confidence in the automaker. We have little patience left for more missteps and are ready to ditch this long-held holding if there isn’t a significant turnaround this quarter. The company on Tuesday announced it had issued a stop-shipment […]
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Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has paused production and shipments of its electric F-150 Lightning pickup due to a potential battery issue, the company said Tuesday. Ford spokeswoman Emma Bergg declined […]
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These 2023 underperformers are set for a comeback — 7 stocks with big upside
Not every stock has jumped out to an early gain in 2023. Some are off to a rough start this year — but could yet see big gains ahead. The major averages have rallied to start the year as investors bet the Federal Reserve will pause its rate tightening campaign this spring. Meanwhile, a surge […]
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FanDuel parent Flutter considers listing on U.S. exchange after record Super Bowl
In this photo illustration the FanDuel logo of a sports betting company is seen on a smartphone. Pavlo Gonchar| Lightrocket | Getty Images FanDuel parent Flutter Entertainment said Tuesday it is considering listing on a U.S. stock exchange. The company said its board is consulting with shareholders to gauge their interest. The development comes two […]
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