business news
Bank of England’s Bailey warns UK faces ‘very big’ inflation shock, defends historic rate hike
LONDON — The Bank of England on Thursday defended its decision to hike interest rates at the fastest clip in 27 years, saying the U.K. faces a “very big” shock to inflation. BOE Governor Andrew Bailey said that the risks of high inflation becoming persistent had risen since the Bank’s previous meeting in June, prompting […]
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WNBA star Brittney Griner sentenced to nine years in prison by Russian court
US’ Women’s National Basketball Association (NBA) basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of cannabis, waits for the verdict inside a defendants’ cage before a court hearing in Khimki outside Moscow, on August 4, 2022. Evgenia Novozhenina | AFP | Getty Images WASHINGTON – A Russian […]
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Polio found in sewage samples outside New York City suggests it’s spreading in the community, health officials says
Polio virus particle, computer illustration. Kateryna Kon | Science Photo Library | Getty Images Polio has been found in wastewater samples taken from two counties outside of New York City indicating the virus is spreading in the community, according to state health officials. Wastewater samples taken from two different locations in Orange County during June […]
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Coinbase shares soar more than 20% in boost from meme traders, BlackRock crypto deal
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients […]
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Gadget season is here — new folding phones, watches and earbuds are coming
Apple launches the iPhone 13 in the UK Ming Yeung | Getty Images Apple, Google, Amazon, Samsung and other firms are teeing up for a busy fall filled with lots of new gadget launches. It’s like clockwork. Big tech companies launch the latest products, like phones, watches, or even robots and flying security drones, beginning […]
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Two Trump children questioned in New York Attorney General probe, ex-president set to talk in coming weeks, report says
Senior advisor to the President Ivanka Trump (R) and brother Donald Trump Jr. listens during a rally in support of Republican incumbent senators Kelly Loeffler and David Perdue ahead of Senate runoff in Dalton, Georgia on January 4, 2021. Mandel Ngan | AFP | Getty Images Donald Trump Jr. and his sister Ivanka Trump have […]
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Nikola’s revenue tops expectations on delivery of 48 electric trucks
Nikola Motor Company Source: Nikola Motor Company Nikola on Thursday reported revenue for the second quarter that beat Wall Street expectations as it delivered 48 of its electric heavy trucks. The company also reported a smaller-than-expected loss for the period. Here’s what the company reported compared with what Wall Street was expecting, based on a […]
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Lordstown Motors expects limited production and deliveries of electric pickup in 2022
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first […]
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5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day: 1. Stock futures are flat Traders on the floor of the NYSE, August 1, 2022. Source: NYSE 2. Walmart lays off corporate employees A shopping cart outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart […]
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Watch CNBC’s full interview with Booking Holdings CEO Glenn Fogel
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holdings CEO Glenn Fogel joins CNBC’s ‘Squawk Box’ to break down the company’s second-quarter earnings report and provides an outlook for travel demand heading into the fall. Fogel also provides a revenue outlook for the current quarter and reacts to JetBlue’s […]
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