Business
Restaurateur Danny Meyer says inflation has helped drive workers back into the food industry
High inflation and the money-making opportunities it’s created have driven workers back to the restaurant industry, Danny Meyer told CNBC’s Jim Cramer on Tuesday. “There’s no question that menu prices are higher than they’ve ever been. But guess what that translates to – if you do have a tipping model in your restaurants, servers are […]
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Don’t bet against short sellers in this market, Jim Cramer warns
CNBC’s Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers. The market went in favor of short-sellers on Tuesday after the major indices fell. The market teetered earlier in the day as it digested disappointing financial reports from companies and prepared for key inflation numbers later this […]
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Stocks making the biggest moves after hours: Coinbase, Sweetgreen, Roblox and more
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly earnings. The company missed analyst expectations on both revenue […]
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Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ […]
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FDA expands monkeypox vaccine authorization to increase dose supply five-fold
A health worker administers a dose of the Bavarian Nordic A/S Jynneos monkeypox vaccine at a vaccination site in West Hollywood, California, on Wednesday, Aug. 3, 2022. Jill Connelly | Bloomberg | Getty Images The Food and Drug Administration on Tuesday expanded its authorization for the monkeypox vaccine in a way that would significantly boost […]
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Sweetgreen stock plummets after salad chain lowers forecast, announces layoffs and office downsizing
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged 23% in extended trading Tuesday after the salad chain lowered its 2022 forecast. The restaurant company also said it will lay off 5% of its workforce and […]
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Citi’s stocks to play the biggest themes of our time like automation and AI
As markets remain saddled with short-term turmoil and recession fears, one top strategist recommends investors start seeking out stocks with long-term structural growth stories. Citi’s Scott Chronert believes stocks that play into the biggest trends of our time, such as artificial intelligence and automation, could start outperforming from here. “Why are we considering themes now? […]
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Norwegian Cruise Line slips as revenue, outlook still lag pre-pandemic levels
The Norwegian Pearl uses the turning basin as it docks at PortMiami on January 05, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Norwegian Cruise Line fell Tuesday after the company reported second-quarter results that lagged pre-pandemic levels and warned of persistent volatility ahead. The company reported revenue of $1.19 billion and […]
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Northrop Grumman moves Antares rocket work to U.S. from Russia & Ukraine with Firefly partnership
Northrop Grumman’s Antares rocket lifts off from NASA’s Wallops Flight Facility in Virginia on Aug. 10, 2021 carrying a Cygnus spacecraft with cargo for the International Space Station. Terry Zaperach / NASA Wallops Northrop Grumman is moving production of the engines and structures for its Antares rockets to the U.S. from Russia and Ukraine, a […]
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Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant material cost increases’
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor on Tuesday said it is increasing the starting prices of its electric F-150 Lightning pickup due to “significant material cost increases and other factors.” The Detroit automaker said the price increases – between […]
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