Business
Nikola CEO Mark Russell to retire at the end of the year
Mark Russell, chief executive officer of Nikola Corp., left, during a media briefing at the unveiling of the Iveco-Nikola electric truck plant in Ulm, Germany, on Wednesday, Sept. 15, 2021. Andreas Grebert | Bloomberg | Getty Images Nikola CEO Mark Russell will retire at the end of the year, the company announced Wednesday. Russell will […]
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Business travel costs are expected to rise through 2023, industry report says
Passengers wait for flights with their luggage at Heathrow airport in London Luke MacGregor | Reuters The cost of business travel, from hotels to airfare, is set to rise through 2023 as demand returns more than two years after the Covid pandemic began, according to an industry report published Wednesday. Business-travel airfare is on track […]
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Do you know what your credit score is? Here’s everything you need to know
It shouldn’t be a surprise that you need to have a good credit score for your overall financial health. But do you actually know what your credit score is, how to figure it out and why it matters? Watch this video, as CNBC’s Emily Lorsch breaks it all down. Source
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Goldman Sachs, JPMorgan and others warn investors away from Coinbase until ‘crypto winter’ ends
Several Wall Street analysts are warning investors to stay away from Coinbase until the cryptocurrency exchange operator works through a “crypto winter,” among other challenges. Coinbase dropped 5% premarket Wednesday after it lost more than $1 billion in the calendar second quarter, while revenue missed analyst estimates. The platform has been contending with a host […]
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Google pushes Apple to adopt a new kind of text messaging, criticizes ‘green bubbles’
Android mascots are lined up in the demonstration area at the Google I/O Developers Conference in the Moscone Center in San Francisco. Beck Diefenbach | Reuters Google, the developer of the Android, is increasing the pressure on Apple to adopt RCS, a next-generation standard for text messaging. It argues that Apple’s support of RCS would […]
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Stocks making the biggest moves premarket: Wendy’s, Coinbase, Buzzfeed and more
Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) […]
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Roku downgraded to underperform at MoffettNathanson despite this month’s comeback rally
Sell shares of Roku as the media player manufacturer faces pressure from increasing competition and a worsening macro backdrop, according to MoffettNathanson. The firm downgraded Roku to underperform from market perform, and kept its price target, after the streaming company reported disappointing second-quarter earnings results last month. Roku missed expectations on both the top and […]
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Morgan Stanley downgrades Allbirds, says stock is stuck until ‘path to profitability is more clear’
Shares of Allbirds could see limited upside until the path to profitability becomes more clear, according to Morgan Stanley. Analyst Alex Straton downgraded Allbirds to equal-weight from overweight, and slashed its price target, following a quarterly earnings report that pointed to greater economic uncertainty for retailers. Allbirds lowered its guidance for the year after citing […]
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Apple supplier Foxconn cautious on outlook as smartphone sales slow
Apple Inc supplier Foxconn reported that it beat its April-June net profit expectations. Photo by Lam Yik Fei/Bloomberg via Getty Images Apple Inc supplier Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom. The comments from the Taiwanese company, the world’s […]
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Cramer’s lightning round: Dropbox is a pass
Dropbox Inc: “Nothing ever happens to the stock, and I think that that’s because nothing’s going to happen to the stock. … I’m going to have to say, pass.” 23andMe Holding Co: “The stock has no mojo. That’s a technical term for ‘not going anywhere.’” Source
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