Business
PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
Pepsi sodas are displayed on shelves at a Walmart Supercenter on December 06, 2022 in Austin, Texas. PepsiCo, the maker of Pepsi soda, plans to cut hundreds of corporate jobs at its North American division according to a news report from The Wall Street Journal. Brandon Bell | Getty Images PepsiCo on Thursday reported quarterly earnings and […]
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Investors sue Shell’s board of directors over climate strategy in a first-of-its-kind lawsuit
Shell recently reported its highest-ever annual profit of nearly $40 billion. Paul Ellis | Afp | Getty Images Shell’s directors are being personally sued for allegedly failing to adequately manage the risks associated with the climate emergency in a first-of-its-kind lawsuit that could have widespread implications for how other companies plan to cut emissions. Environmental […]
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Turkey’s devastating earthquake comes at a critical time for the country’s future
Civilians look for survivors under the rubble of collapsed buildings in Kahramanmaras, close to the quake’s epicentre, the day after a 7.8-magnitude earthquake struck the country’s southeast, on February 7, 2023. Adem Altan | AFP | Getty Images Life for millions across Turkey and Syria changed forever on Monday, as two consecutive earthquakes sent shockwaves […]
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Manhattan rents hit an all-time high in January
A man enters a building with rental apartments available in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis News | Getty Images Median rents in Manhattan hit a new record in January as a strong job market and limited supply of apartments lifted prices. The median rental price rose 15% to $4,097 […]
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Toyota unveils new Grand Highlander, expanding hybrid crossover lineup
2024 Toyota Grand Highlander Toyota CHICAGO — Toyota Motor is expanding its segment-leading, three-row crossover lineup with the new 2024 Grand Highlander, including two gas-powered hybrid offerings. The automaker revealed the vehicle as a bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday night. It is longer and wider than the Highlander and provides […]
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Disney CEO Bob Iger wastes no time putting turnaround plans in place after a solid quarter
Disney (DIS) reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning as CEO, prioritizing creativity and profitability. Revenue increased about 8% year-over-year, to $23.51 billion, beating analysts’ expectations for $23.37 billion, according to estimates compiled by Refinitiv. Earnings-per-share (EPS) fell 6.6% […]
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Cramer’s lightning round: Vimeo is not a buy
Vimeo Inc: “I can’t recommend a stock here that is losing money. So I say, no.” Vale SA: “Vale is located in Brazil. And [there is] political risk there. I don’t take political risk on ‘Mad Money.’” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you […]
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Jim Cramer says he’s intrigued by these 10 top-performing S&P 500 stocks
CNBC’s Jim Cramer on Wednesday identified 10 stocks in the S&P 500 that investors should consider grabbing at the right price. “Consider me intrigued, but only if we have a couple more down days like today that give you a better buying opportunity because these stocks have all been overbought,” he said. Here is his […]
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With Bob Iger back at Disney, ‘you don’t need Nelson Peltz,’ says ‘Fast Money’ trader Steve Grasso
Walt Disney CEO Bob Iger wasted no time announcing a major restructuring, as well as thousands of layoffs, in his first earnings since returning to the media conglomerate. That showed activist investor Nelson Peltz may not be needed at Disney, said Steve Grasso, CEO of Grasso Global on CNBC’s ” Fast Money ” Wednesday evening. […]
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Dominion Voting attorney calls out Fox for missing evidence in defamation lawsuit
A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Dominion Voting Systems is calling out Fox News and its parent company, Fox Corp, for failing to turn over evidence, with less than two months before the companies are set […]
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