Business
Here’s a full recap of CNBC’s 2022 Stock Draft: Ryan Reynolds likes Netflix, Kandi Burruss buys Zoom
Finance professionals, athletes and celebrities choose their favorite names in the annual stock-picking competition. Source
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Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing […]
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California subpoenas Exxon for details on role in global plastic pollution
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters California’s attorney general on Thursday announced an investigation into the fossil fuel and petrochemical industries for allegedly overstating the role of recycling in curbing global […]
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1-800-Flowers shares sink as retailer cuts outlook over waning consumer demand
Chris McCann, CEO, 1-800-Flowers Scott Mlyn | CNBC Valentine’s Day wasn’t enough for 1-800-Flowers last quarter. Shares of the company tumbled 15% Thursday and hit a fresh 52-week low of $9.13, after the online retailer reported fiscal third-quarter results below analysts’ expectations and slashed its outlook for the year amid heightened inflation and waning demand […]
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Powerball’s $473.1 million jackpot has a winner. Here’s the tax bill
Joe Raedle | Getty Images News | Getty Images A single lottery ticket sold in Arizona is about to change someone’s life — after the IRS takes a piece of the windfall, of course. Wednesday night’s Powerball drawing resulted in one ticket matching all six numbers drawn to land the $473.1 million jackpot. The amount […]
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Elon Musk will be the most indebted CEO in America if the Twitter deal goes through
The world’s richest person could soon add another title to his name – America’s most leveraged CEO. Two-thirds of Elon Musk’s financing for the $44 billion deal to take Twitter private will have to come out of his own pocket. That pocket is deep. He has a net worth of about $250 billion. Yet because […]
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Ford and GM believe they can retain pricing profit engine, but Wall Street is unsure
Automotive executives seem confident strong pricing on new vehicles will continue this year, however Wall Street analysts aren’t so sure. Source
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Climate change will drive new transmission of 4,000 viruses between mammals by 2070
Blaise Kadjo, a specialist in mammals and a professor at the Felix Houphouet-Boigny University, shows a species of bat in the researcg laboratary of the zoology and animal biology depertment at the University in Abidjan on February 4, 2021. – Scientists say that bats are a crucial part of the food chain, but are also […]
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Brooklyn Nets’ playoff flops have created business concerns for the heavily hyped NBA franchise
The Brooklyn Nets’ Kyrie Irving (left) has a pat for teammate Kevin Durant as the Celtics were expanding their lead in the second half of Game Four of their first round NBA playoff series at Barclays Center in Brooklyn, NY on April 25, 2022. Jim Davis | Boston Globe | Getty Images The superstar-laden, super-expensive, […]
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Analysts head for the exits on Teladoc as stock plunges 46%
Competition will weigh on the telehealth company’s mental health and chronic care businesses, analysts said. Source
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