business news
Voyager customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a customer named Magnolia was the […]
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Business travel spending might not return to pre-pandemic levels until 2026
Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recover to pre-pandemic levels until sometime in 2026 — two years later than previously expected — as inflation, labor shortages and geopolitical issues slow the sector’s rebound, according to […]
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Rudy Giuliani named a target in Trump election probe in Georgia, lawyers say
Rudolph Giuliani, attorney for President Donald Trump, arrives for a news conference at the Republican National Committee on lawsuits regarding the outcome of the 2020 presidential election on Thursday, November 19, 2020. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rudy Giuliani has been named a target in the criminal investigation into efforts by […]
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HBO Max cuts 14% of staff, or 70 employees, mainly in casting, acquisitions and reality TV divisions
David Zaslav, President and CEO of Warner Bros. Discovery talks to the media as he arrives at the Sun Valley Resort for the Allen & Company Sun Valley Conference on July 05, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Warner Bros. Discovery is eliminating 70 jobs at HBO Max, primarily from the […]
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Andreessen Horowitz announces plans to invest in Adam Neumann’s new residential real estate company
Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Venture capital firm Andreessen Horowitz announced Monday that it plans to invest in Adam Neumann’s new residential real estate company called Flow. Neumann is the founder and former CEO of the coworking space company WeWork, but he left in 2019 after the company botched its plans […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments: Oil’s decline is good news We want confirmation that inflation’s peaked Quick mentions: JNJ, LLY, LIN Disney’s real problem is its balance sheet 1. Oil’s decline is good news Stocks […]
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Stocks making the biggest moves midday: Disney, Poshmark, Vroom and more
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Check out the companies making headlines in midday trading Monday. Poshmark — Shares of the secondhand fashion retailer jumped 15% after Barclays upgraded them to overweight from equal weight. The firm said it sees more than 40% potential upside for the […]
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London’s Heathrow airport extends passenger limits until late October as travel strains continue into the fall
Passengers wearing face masks as a preventive measure against the spread of coronavirus arrive at Heathrow Airport Terminal 2 in London, August 3,, 2021. Tejas Sandhu | SOPA Images | LightRocket | Getty Images London Heathrow airport has extended limits on departing passengers through late October to avoid travel chaos as Britain’s busiest hub grapples […]
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Judge denies Sen. Lindsey Graham’s bid to quash subpoena in Trump election probe in Georgia
A federal judge on Monday denied Sen. Lindsey Graham’s bid to throw out a subpoena for his testimony before a special grand jury in Fulton County, Georgia, as part of its investigation into possible criminal election interference by former President Donald Trump and his allies in 2020. The court rejected Graham’s contention that the subpoena should […]
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UK becomes the first country to approve a dual Covid vaccine targeting omicron
Britain has become the first country in the world to approve Moderna’s bivalent Covid-19 vaccine, which targets both the original strain of the virus and the newer Omicron variant. Long Visual Press | Universal Images Group | Getty Images LONDON — Britain on Monday became the first country in the world to approve a dual […]
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