business news
China’s Xi calls Biden to wish him a ‘speedy recovery’ from Covid
Pictured here is a news broadcast in China of President Xi Jinping during a virtual summit with U.S. President Joe Biden in November 2021. Kevin Frayer | Getty Images News | Getty Images BEIJING — Chinese President Xi Jinping called U.S. President Joe Biden on Friday to wish the American leader a “speedy recovery” from […]
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UK faces a summer of discontent as historic inflation and real wage declines stoke strikes
LONDON, ENGLAND – JUNE 25: A view of the crowd at the RMT strike rally at Kings cross station on June 25, 2022 in London, United Kingdom. The biggest rail strikes in 30 years started on Monday night continuing on Thursday and again Saturday, with trains cancelled across the UK for much of the week. […]
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A pilot project in the North Sea will develop floating solar panels that glide over waves ‘like a carpet’
Floating solar panels in the Netherlands. A number of major energy firms are looking into the potential of combining floating solar with other energy sources. Mischa Keijser | Image Source | Getty Images German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North […]
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Man attacks New York Republican gubernatorial candidate Rep. Lee Zeldin at campaign event
U.S. Rep. Lee Zeldin (R-NY) Source: CNBC A 43-year-old man attacked New York Republican gubernatorial nominee Rep. Lee Zeldin at an upstate campaign event Thursday evening. Zeldin was not harmed in the incident, which occurred as he was speaking outside a Veterans of Foreign Wars post in Fairport, a village near Rochester, NBC News reported. […]
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San Francisco’s slow recovery from Covid has left small businesses ‘hanging on’ for tech workers’ return
A billboard funded by Airbnb shows opposition to Proposition F in downtown San Francisco, California. Josh Edelson | AFP | Getty Images Marshall Luck’s chiropractic and massage practice in downtown San Francisco survived the Covid-19 pandemic thanks to government stimulus money and a hefty amount of debt. But well over two years since lockdowns swept […]
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Mattel CEO says ‘Barbie’ movie production wrapped Thursday, exactly a year before release date
Mattel CEO Ynon Kreiz told CNBC’s Jim Cramer that the company’s highly anticipated Barbie movie finished production on Thursday. “What is special now is that today, we actually wrapped production, principal photography, for the Barbie movie, exactly one year before we release it theatrically worldwide with our partners, Warner Brothers. … Look out for that,” […]
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Cramer’s lightning round: I’d be very careful with ZIM Integrated Shipping
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Nasdaq futures slide as Snap results weigh on technology stocks
Nasdaq futures fell in overnight trading Thursday as investors digested a fresh batch of corporate earnings and disappointing results from Snap, which sent social media shares reeling. Futures tied to the Dow Jones Industrial Average slipped 0.15%, or 48 points. S&P 500 futures fell 0.37% and Nasdaq 100 futures tumbled 0.68%. Shares of the Snapchat […]
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Jim Cramer offers his favorite stock picks for 3 possible recession scenarios
CNBC’s Jim Cramer on Thursday gave investors his top stock picks for three different recession outcomes. “We’ve got mild, we’ve got moderate and we’ve got severe. … . Can we avoid a recession altogether? There’s always the chance,” but investors shouldn’t hold their breath, he said. Investors have piled into tech stocks this week, betting […]
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Social media and online ad stocks drop in wake of alarming Snap earnings report
Snap Inc. signage is displayed on screens outside of the Morgan Stanley building in New York. Michael Nagle | Bloomberg | Getty Images Social media and ad tech stocks fell in after-hours trading on Thursday after Snap reported disappointing second-quarter results and plans to slow hiring. Analysts were expecting sales growth of 18% for the […]
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