Business
Inflation to dampen holiday spending, retail trade group forecasts
Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Getting shoppers to spend this holiday season won’t be easy. The National Retail Federation said Thursday that it expects holiday sales during November and December to rise between 6% and 8% from […]
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NBA Commissioner Adam Silver speaks out on Kyrie Irving’s antisemitic post
Kyrie Irving #11 of the Brooklyn Nets brings the ball up the court during the fourth quarter of the game against the Chicago Bulls at Barclays Center on November 01, 2022 in New York City. Dustin Satloff | Getty Images Sport | Getty Images NBA Commissioner Adam Silver is speaking out against Kyrie Irving after […]
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Major glaciers in Kilimanjaro and Yosemite will disappear by 2050, UN says
Giraffe on the savannah with a snowy Mount Kilimanjaro in the background, Amboseli national park, Kenya. Dea / V. Giannella | De Agostini | Getty Images Major glaciers across the world, including those in the Dolomites in Italy, Mount Kilimanjaro in Tanzania and Yosemite and Yellowstone parks in the U.S., will be gone by 2050 […]
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Restaurant Brands’ earnings top estimates as sales rise at Burger King, Tim Hortons
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported stronger sales at Burger King and Tim Hortons, joining the fast-food companies seeing a bump in sales as consumers look for more affordable options. The […]
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Altice USA stock sinks after tough third quarter earnings
Igor Golovniov | Lightrocket | Getty Images Altice USA‘s shares dropped more than 20% and trading in the stock was briefly halted Thursday, after the company posted a weak earnings report. The company, which provides broadband, cable-TV, wireless and phone services, saw its shares sink following Wednesday’s earnings report that net income and revenue fell […]
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Peloton shares tumble after company offers weak holiday quarter outlook
Peloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. The company’s shares fell nearly 10% in morning trading Thursday. As of Wednesday’s close, Peloton’s stock has dropped about 75% so far this year. Here’s how the fitness device maker […]
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Nikola’s quarterly results beat expectations on deliveries of 63 electric semitrucks
Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said that it produced 75 trucks in the third quarter, and delivered 63 to dealers before quarter-end, generating enough revenue to beat Wall Street’s expectations. The news was included in Nikola’s third-quarter earnings report, released on Thursday morning. Here are the key numbers, […]
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Outgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there’s ‘pain to come’ as linear TV gives way to streaming
Charter Communications Chief Executive Officer Tom Rutledge will be stepping down as the company’s CEO on Dec. 1. He will remain as executive chairman until November 2023, when his contract expires. Rutledge referred to his decision to leave as “retirement,” but the 70-year-old executive, who has been in the industry for 50 years, told CNBC […]
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Restaurant Brands’ earnings top estimates as sales rise at Burger King, Tim Hortons
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by sales growth at Burger King and Tim Hortons. Shares of the company were flat in premarket trading. […]
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A submerged buoy-like device is harnessing the sea’s ‘epic amounts of energy’ in Scottish trial
The Waveswing device pictured before it was put through its paces in Scapa Flow, Orkney. Sea-based trials of a wave energy converter weighing 50 metric tons have produced “highly encouraging results,” according to the company behind its development. On Tuesday, Scotland-based AWS Ocean Energy said the average amount of power its device was able to […]
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