Business
Adidas shares tank after it issues warning over unsold Yeezy stock
“The numbers speak for themselves. We are currently not performing the way we should”, Adidas CEO Bjørn Gulden said in a press release. Jeremy Moeller / Contributor / Getty Images Adidas could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell its existing Yeezy stock. The German […]
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As Brits reel from a cost-of-living crisis, the UK stock market quietly booms to an all-time high
The sun rises over the city on Feb. 6, 2023 in London, United Kingdom. Leon Neal | Getty Images News | Getty Images LONDON — The U.K. is facing the weakest growth prospects in the G-7 and a catalogue of cost-of-living pressures that are pushing the poorest into crisis and intensely squeezing the budgets of […]
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Jim Cramer says Disney stock has more upside thanks to Bob Iger’s turnaround plan
CNBC’s Jim Cramer on Thursday said that he’s bullish on Disney after the company announced a robust restructuring and cost-cutting plan. “Disney finally feels like it’s back on track. While the stock’s already had a monster move since the beginning of the year, I’m betting it can have a lot more upside now that [CEO […]
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Cramer’s lightning round: EMCOR Group is my kind of stock
Okta Inc: “[CEO Todd McKinnon has] got to pivot first. We mean pivot, going from loss and high growth to a little less growth and profit.” EMCOR Group Inc: “That’s my kind of stock. … That’s exactly what I’m looking for.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no […]
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Jim Cramer says price stability is right around the corner
CNBC’s Jim Cramer on Thursday said the Federal Reserve is closer to winning its battle against inflation than Wall Street might believe. “Price stability … is right around the corner,” he said, adding that the Fed “just needs to be aware there’s really only one area of strength left in this entire economy.” Stocks slipped […]
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CNBC Daily Open: The U.S. economy gives conflicting signals
Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Spencer Platt | Getty Images News | 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 […]
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News Corp said it will cut 1,250 positions this calendar year
Pedestrians walk past the News Corporation headquarters building in New York. Michael Nagle | Bloomberg | Getty Images News Corp said Thursday it will cut about 1,250 positions, or 5% of its workforce, as layoffs have been taking place across the media and tech industries. The company, which owns media properties including The Wall Street […]
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Stocks making the biggest moves after hours: Lyft, Expedia, Yelp, PayPal and more
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Check out the companies making headlines in extended […]
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Jeep reveals its most expensive Wrangler SUV ever, topping $115,000
Rubicon 20th Anniversary Level II by American Expedition Vehicles (AEV) upfit for 2023 Jeep Wrangler Rubicon 392 Jeep CHICAGO – Jeep on Thursday revealed its most expensive Wrangler SUV ever, topping more than $115,000. The limited-edition vehicle is the 2023 Wrangler Rubicon 392 20th Anniversary with heavy-duty off-road parts customization from upfitter American Expedition Vehicles. […]
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Baby killed, another injured in strollers sold by major retailers, CPSC says
Baby Trend Sit N’ Stand Double stroller Source: U.S. Consumer Product Safety Commission A baby was killed and another was injured after they became entrapped in a popular Baby Trend stroller that’s sold at retailers like Amazon, Walmart and Buybuy Baby, the Consumer Product Safety Commission announced Thursday. The safety group and the company issued […]
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