Amazon.com Inc
Amazon CEO Andy Jassy says he’s focused on returning to ‘healthy’ level of profitability
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy said the company is focused on returning to a “healthy level of profitability” after slowing retail sales and rising costs ate into its latest quarterly earnings. “We have effectively […]
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Kohl’s stock surges on report bidders are still competing for company amid market volatility
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shares surged more than 15% Wednesday, after being briefly halted, on hopes the retailer could still be bought following recent volatility in the market and a disappointing earnings report. […]
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‘Downright scary and untenable’: Commerce secretary warns U.S. needs to secure a future for its chip industry
Gina Raimondo, Secretary of Commerce, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC U.S. Commerce Secretary Gina Raimondo on Wednesday urged Congress to pass the CHIPS for America Act in order to safeguard national security and the future of the economy. The bill aims to incentivize investment in U.S. […]
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Large employers face tough hurdles to provide abortion benefits if Roe is overturned
Kim Nguyen felt a sense of pride last fall when her bosses at Alloy committed to pay travel expenses for workers in Texas if they needed to access abortion services, after the state passed new restrictions. “These types of things, especially around equity, diversity, inclusion, access to reproductive rights, [are] front and center for me […]
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Snap’s warning sends shock across digital advertising as investors flee social media stocks
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were […]
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Nearly one in five Amazon delivery drivers suffered injuries in 2021, study finds
Amazon driver Shawndu Stackhouse delivers packages in Northeast Washington, D.C., on Tuesday, April 6, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Amazon’s delivery operations are suffering from an “escalating injury crisis,” driven largely by punishing quotas and pressure to ferry packages as quickly as possible, according to a new study. Nearly one […]
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Tech rout is just a ‘shake-out’: Top CEOs predict what’s next for markets
Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks, telling CNBC it’s unlikely to metastasize into a broader market crisis. The tech-heavy Nasdaq 100 […]
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Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says
Scott Minerd, Guggenheim Partners LLC Global Chief Investment Officer, at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galici | CNBC Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning’s price of […]
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EBay is entering the NFT business, with an assist from hockey legend Wayne Gretzky
The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs — with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his […]
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Stocks making the biggest moves in the premarket: Electronic Arts, VMWare, GameStop and more
Take a look at some of the biggest movers in the premarket: Electronic Arts (EA) – The video game maker’s shares rose 2.5% in the premarket after Puck News reported that the company was actively seeking a buyer or merger partner. EA has reportedly held talks with Walt Disney (DIS), Apple (AAPL) and Amazon (AMZN), […]
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