business news
Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping
Several categories of e-commerce are seeing price decreases and support the expectation that digital shopping among consumers will hold strong, Adobe chief executive Shantanu Narayen told CNBC’s Jim Cramer on Thursday. “When you look at the total expense, in addition to the macroeconomic, where there may be a little bit more concern, what’s happening is […]
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Stick with profitable, recession-proof stocks to avoid a ‘crisis,’ Jim Cramer says
CNBC’s Jim Cramer reminded investors to own profitable, recession-proof stocks rather than conceptual ones after major tech stocks tumbled on Thursday. He noted that while the stocks took a hit, they’re still “terrific” and stand out from uninvestable names for two main reasons. Investable stocks “have a defined downside because of that dividend and their […]
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Bipartisan privacy proposal is ‘unworkable and should be rejected,’ Chamber of Commerce says
Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. Andrew Kelly | Reuters The bipartisan privacy proposal that’s reignited a debate about federal protections for internet users is “unworkable,” according to a major business group. The American Data Privacy and Protection […]
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Watch live: Jan. 6 committee to release new findings about Trump’s role in Capitol riot
The House select committee investigating the Jan. 6 Capitol riot is set to begin laying out its initial findings in the first in a series of public hearings beginning Thursday night. The hearing will feature new information that the committee says will show former President Donald Trump “at the center” of a coordinated effort to reverse President Joe […]
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It’s not Apple or Tesla, but Inrix has data from 500 million vehicles taking transportation into the future
Cars and trucks move along the Cross Bronx Expressway, a notorious stretch of highway in New York City that is often choked with traffic and contributes to pollution and poor air quality on November 16, 2021 in New York City. Spencer Platt | Getty Images In this weekly series, CNBC takes a look at companies […]
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‘Jurassic World: Dominion’ is ‘the worst’ in the franchise, critics say
Still from Universal Studio’s “Jurassic World: Dominion” NBCUniversal “Jurassic World: Dominion” may score the top spot at the domestic box office this weekend, but lackluster reviews and word of mouth could stall its potential haul. “Inevitably, ‘Jurassic World: Dominion’ will make a fortune worldwide, since these films always do,” wrote Robbie Collin in his review […]
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Multiple victims in shooting at Maryland business, sheriff says
Law enforcement officials stand near the scene of a shooting at Columbia Machine, Inc., in Smithsburg, Md., Thursday, Jan. 9, 2022. Bill Green | The Frederick News-Post | AP A shooting at a business in western Maryland claimed multiple victims Thursday and the suspect in the shooting is no longer a threat to the community, […]
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John Kerry says clean energy transition is the largest market the world has ever seen
Special Presidential Envoy for Climate John Kerry listens as President Gabriel Boric Chile speaks before a signing ceremony for the “International Coalition to Connect Marine Protected Areas” at the CEO Summit of the Americas on June 09, 2022 in Los Angeles, California. The CEO Summit entered its’ second day of events alongside the Summit of […]
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GM and Lockheed are taking their lunar rover project to the commercial space market
MILFORD, Mich. — General Motors and Lockheed Martin said Thursday they plan to produce an array of moon-roving vehicles for commercial space missions and services powered by the automaker’s electric vehicle battery technology. The companies said they plan to test the batteries in space later this year, with the goal of having their first vehicle […]
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Stitch Fix shares sink another 12% as company announces layoffs, offers weak guidance
Stitch Fix said Thursday that it is laying off 15% of salaried positions within its workforce, mostly in corporate roles and styling leadership positions, in a bid to trim expenses amid red hot inflation and waning consumer demand for certain items. CNBC was first to report on the layoffs, which the company confirmed Thursday afternoon […]
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