Business
It’s a ‘wild west out there’: CEO says regulation needed to keep firms in line on sustainability
The last few years have seen huge swathes of companies make net-zero commitments and other sustainability-related goals. Shansche | Istock | Getty Images Companies need regulation and greater accountability to ensure they’re meeting goals related to sustainability, according to the CEO of SDG Monitor, a firm focused on measuring performance in that area. Speaking during […]
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Hong Kong Rugby Sevens is back. Rugby union says demand is high despite Covid measures
The Hong Kong Rugby Sevens tournament kicks off Friday for the first time since Covid-19 hit. While the city’s pandemic regulations remain strict, Chris Brooke, chairman of the Hong Kong Rugby Union, claimed demand to attend the event remains high. “I think people are looking forward to a fun weekend. Those restrictions are there but […]
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AirAsia X on strong footing, Capital A to benefit as economy tightens, CEO Tony Fernandes says
Tony Fernandes, chief executive officer of Capital A. Chris Ratcliffe | Bloomberg | Getty Images Despite soaring oil prices and weakening currencies, the outlook for aviation remains positive due to “extremely strong” demand, said Tony Fernandes, CEO of AirAsia parent company Capital A. “We’re looking to add 20 more aircraft to the fleet for the […]
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The new European vacation? Travelers are returning for trips that are all about food and wine
When Colin and Jenoa Matthes left their home state of Utah to embark on a world tour in 2019, they found themselves drawn to the food scenes in places like France and Italy. “We really loved, especially, the food in all of these different countries … and how local and specialized they were in different […]
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Starbucks delivered solid quarter and guidance, imagine when China fully reopens
Club holding Starbucks (SBUX) reported strong fiscal fourth-quarter results after the closing bell Thursday, giving us confidence that demand can endure the softness in the global economy and China’s continued adherence to its zero-Covid policy. Revenue advanced to a quarterly record of $8.4 billion, exceeding expectations of $8.31 billion. Adjusted earnings-per-share came in at 81 […]
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Cramer’s lightning round: I’m sticking with Nvidia
Nvidia Corp: “I know it’s overvalued right now. … I think a year from now, the stock’s going to be higher, and I’m sticking with Nvidia.” GoPro Inc: “I said sell that stock. … $95, never looked back.” Home Depot Inc: “I think that the Fed is directly targeting renovation and building of homes. … […]
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Jeff Bezos is interested in bidding for the NFL’s Washington Commanders, reports say
Amazon founder Jeff Bezos and commissioner Roger Goodell on the sidelines before the start of an NFL football game between the Los Angeles Chargers and Kansas City Chiefs, Thursday, Sep.15, 2022, in Kansas City, Mo. Logan Bowles | AP Jeff Bezos is interested in bidding for the NFL’s Washington Commanders, multiple news outlets reported Thursday. […]
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Jim Cramer says to parse the Dow for recession-resilient stocks
CNBC’s Jim Cramer on Thursday advised investors on where to look for stocks that can withstand a potential economic downturn. “The Dow Jones Industrial Average is filled with relatively cheap stocks because traders assume these 30 old-line companies are the most vulnerable to a recession. But that’s not true: That’s wrong. The Dow components all […]
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Virgin Galactic CEO outlines remaining steps before commercial spaceflight service begins next year
Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Virgin Galactic on Thursday reported a wider third-quarter loss from a year ago, with CEO Michael Colglazier outlining the remaining steps before the space tourism company aims to launch its long-delayed service next year. “As we […]
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Carvana tumbles after posting declines in nearly every aspect of the car reseller’s business
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana fell in extended trading Thursday after the online used car retailer missed Wall Street’s top- and bottom-line expectations for the third quarter and reported declines in revenue, profit and sales compared with a year earlier. The stock fell by more than 7% during after-hours […]
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