business news
Jim Cramer warns investors not to miss their window to buy stocks
CNBC’s Jim Cramer on Thursday advised investors to seize the moment and buy some stocks, since the Federal Reserve appears to be nearing the end of its tightening cycle. “When the Fed gets out of the way, you have a real window and you’ve got to jump through it. … When a recession comes, the […]
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Amazon says cloud-computing revenue rose 33%, topping Wall Street estimates
Amazon Web Services CEO Adam Selipsky speaks at the AWS Reinvent conference in Las Vegas on Nov. 30, 2021. Noah Berger | Getty Images Amazon said Thursday that revenue from its cloud segment rose 33% in the second quarter, beating analysts’ estimates. Amazon Web Services generated $19.74 billion in revenue in the period, according to […]
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Hacktivist group Anonymous is using six top techniques to ’embarrass’ Russia
Members of the loosely connected collective known as Anonymous are known for wearing Guy Fawkes masks in public. Jakub Porzycki | Nurphoto | Getty Images Ongoing efforts by the underground hacktivists known as Anonymous are “embarrassing” Russia and its cybersecurity technology. That’s according to Jeremiah Fowler, co-founder of the cybersecurity company Security Discovery, who has […]
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Former Obama White House aide Seth Andrew sentenced to year in prison for charter school theft scheme
Seth Andrew Wikimedia Commons Former Obama White House education advisor Seth Andrew was sentenced Thursday to a year-and-one-day in federal prison for a scheme to steal $218,000 from a New York charter school network he founded. Andrew, 43, also was fined $5,000 at his sentencing in U.S. District Court in Manhattan. He was arrested in […]
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Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web Services: […]
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Shopify’s pandemic boom is finally over — here’s how the e-commerce company is reinventing itself
The Shopify application for download in the Apple App store on a smartphone arranged in Brooklyn New York, on Wednesday, Feb. 16, 2022. Gabby Jones | Bloomberg | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Shopify’s pandemic boom is finally […]
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Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks
Intel CEO Pat Gelsinger pictured during the ‘Chips for health’ event at the Grischa Hotel at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Eric Lalmand | Belga Mag | AFP | Getty Images Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results […]
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Despite concerns, ESG strategies may become a crowded trade for impact investors – so Vanguard is taking a different track
It’s a fund looking to make money from green investing. The inclusive, actively managed Vanguard Baillie Gifford Global Positive Impact Stock Fund (VBPIX) is an environmental, social and governance product that bundles companies with positive, inclusive and sustainable intentions. “It’s really a fund that’s going to be investing in global equities looking to deliver long-term […]
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Bausch Health shares tank in what could be a worst-case scenario after a judge order
Bausch Health said Thursday afternoon it will “consider all available options to vigorously defend” its IP and appeal. Source
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Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion
Rivian CEO RJ Scaringe and Amazon CEO Andy Jassy tour one of the company’s electric delivery vans. Amazon Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors rotating out of risk in […]
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