business news
Tesla grows revenue 42%, but automotive margins decline
Tesla reported earnings after the bell, and the results sent the stock up slightly after hours. Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv Automotive gross margin came in at 27.9%, down from 32.9% last quarter and 28.4% a year ago, […]
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Stocks making the biggest moves midday: Netflix, Las Vegas Sands, Bath & Body Works and more
The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Netflix — Shares of the streaming company popped 7.4% a day after Netflix posted a smaller-than-expected subscriber loss in the recent quarter. Netflix reported a beat on earnings but a miss […]
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Biden announces new climate change programs, but no emergency declaration
U.S. President Joe Biden delivers remarks on climate change and renewable energy at the site of the former Brayton Point Power Station in Somerset, Massachusetts, U.S. July 20, 2022. Jonathan Ernst | Reuters President Joe Biden announced new executive steps to combat climate change on Wednesday, but fell short of issuing a climate-emergency declaration as […]
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Our takes on Amazon and Apple heading into next week’s earnings reports
China’s smartphone market could decline in the second quarter as the country experiences a resurgence of covid cases, analysts said. But Apple could fare quite well, the analysts said as it continues to attract users in the high-end of the market. Future Publishing | Future Publishing | Getty Images Source
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President Biden’s job approval rating hits new low in public poll
U.S. President Joe Biden arrives aboard Air Force One at T.F. Green International Airport in Warwick, Rhode Island, U.S. July 20, 2022. Jonathan Ernst | Reuters More Americans now think President Joe Biden is doing a bad job than at any prior point in his presidency, according to a major public opinion poll released Wednesday. […]
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The reason behind a mysterious trading surge in stocks like Berkshire Hathaway has been revealed
Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Berkshire Hathaway’s Class A shares are among the market’s most expensive stocks priced above $400,000 apiece and therefore it was often one of the least traded well-known companies. So a surge in volume that began over a […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Wednesday
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. 1. What Netflix earnings mean for Disney 2. Halliburton has a cheap valuation 3. Bausch + Lomb chairman steps down 4. Quick mentions: AAPL, AMZN 1. What Netflix earnings mean […]
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Air travel complaints nearly tripled in May from same month in 2019, before the pandemic
Travelers at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, July 2, 2022. Angus Mordant | Bloomberg | Getty Images Staffing shortages. Delays. Lost luggage. Massive lines. High fares. Air travelers in 2022 have plenty to complain about. By many measures travel is worse than last year, but here’s how […]
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Latest photos of European heat wave show future ‘normal’ as London fire department has busiest day since WWII
An aerial view shows the rubble and destruction in a residential area following a large blaze the previous day, on July 20, 2022 in Wennington, Greater London. Leon Neal | Getty Images Europe is suffering under an unprecedented heat wave, leaving firefighters in London dealing with a huge surge in emergency calls. “Yesterday was the […]
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Ukrainian first lady urges Congress to send more weapons for fight against Russia
Ukrainian First Lady Olena Zelenska speaks to members of the US Congress about Russia’s invasion of Ukraine, in the US Capitol Visitors Center Auditorium on July 20, 2022, in Washington, DC. Saul Loeb | AFP | Getty Images WASHINGTON — Ukraine’s first lady, Olena Zelenska, on Wednesday urged bipartisan lawmakers to send more weapons to her […]
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