business news
FBI seized about a dozen boxes in raid of Trump home in Florida, lawyer says
Local law enforcement officers are seen in front of the home of former President Donald Trump at Mar-A-Lago in Palm Beach, Florida on August 9, 2022. Giorgio Viera | AFP | Getty Images FBI agents seized about a dozen boxes during a raid of the Florida home of former President Donald Trump on Monday, his […]
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Cramer’s lightning round: Dropbox is a pass
Dropbox Inc: “Nothing ever happens to the stock, and I think that that’s because nothing’s going to happen to the stock. … I’m going to have to say, pass.” 23andMe Holding Co: “The stock has no mojo. That’s a technical term for ‘not going anywhere.’” Source
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Restaurateur Danny Meyer says inflation has helped drive workers back into the food industry
High inflation and the money-making opportunities it’s created have driven workers back to the restaurant industry, Danny Meyer told CNBC’s Jim Cramer on Tuesday. “There’s no question that menu prices are higher than they’ve ever been. But guess what that translates to – if you do have a tipping model in your restaurants, servers are […]
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Don’t bet against short sellers in this market, Jim Cramer warns
CNBC’s Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers. The market went in favor of short-sellers on Tuesday after the major indices fell. The market teetered earlier in the day as it digested disappointing financial reports from companies and prepared for key inflation numbers later this […]
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Facebook turned over chat messages between mother and daughter now charged over abortion
Facebook turned over the chats of a mother and daughter to Nebraska police after getting served with a warrant as part of an investigation into an illegal abortion, court documents show. The investigation, which was launched in April before the Supreme Court overturned Roe v. Wade, is one of the few known instances where Facebook has turned […]
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Sam Bankman-Fried’s crypto firms had deep ties to Voyager Digital and its bankruptcy wipeout
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX into a top site used by traders and investors. […]
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Stocks making the biggest moves after hours: Coinbase, Sweetgreen, Roblox and more
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly earnings. The company missed analyst expectations on both revenue […]
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Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ […]
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Chipotle to pay $20 million to NYC workers as part of settlement
Chipotle restaurant in New York City Scott Mlyn | CNBC New York City Mayor Eric Adams and city officials announced Tuesday that Chipotle has agreed pay about $20 million to roughly 13,000 workers for violating their right to predictable schedules and paid sick leave. The mayor’s office said it is the largest fair workweek settlement […]
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Roblox misses on top and bottom, shares dip 12%
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox reported results on Tuesday that missed analyst estimates on the top and bottom lines. Here’s how the company did: Loss per share: 30 cents vs. 21 cents expected, according […]
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