Business
Jim Cramer says falling used car prices suggests inflation could be easing
CNBC’s Jim Cramer on Thursday said that while headwinds facing the used car market make it un-investable, its declining performance is also an indicator that inflation might be cooling. “When everybody was freaking out about the 8.5% consumer price index number – that is a hot number – you might’ve noticed that used car and […]
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American Airlines pilots’ union sues carrier over request to help with training on days off
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images The union that represents American Airlines’ pilots sued the carrier in federal court Thursday to block a program that encourages aviators to help with simulator training, an initiative […]
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Stocks making the biggest moves midday: Twitter, Tesla, Goldman Sachs, IBM and more
Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter — Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $54.20 a share to buy the social media company and take it private. Earlier this month, the Tesla CEO disclosed a 9.2% stake in Twitter. […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are little changed on final trading day of the week A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters U.S. stock […]
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Sustainable recovery spending could be derailed by commodity price spikes following Ukraine war
Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. At the same time, recent months have also seen commodity prices jump. Marcus Brandt | Picture Alliance | Getty Images The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by […]
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Peloton is raising subscription fees while cutting prices for its Bikes and other equipment
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton is hiking the monthly monthly fee for its on-demand fitness content for the first time ever, while it also slashes the prices of its Bike, […]
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Stocks making the biggest moves premarket: Twitter, Goldman Sachs, UnitedHealth and others
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter surged 8.2% in premarket trading after Tesla (TSLA) CEO Elon Musk – currently Twitter’s largest shareholder – offered to take the company private for $54.20 per share in cash. The proposed deal would value Twitter at more than $43 billion. Goldman Sachs […]
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Morgan Stanley earnings top estimates fueled by trading revenue gains
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022. Brendan McDermid | Reuters Morgan Stanley on Thursday reported first-quarter earnings that surpassed Wall Street expectations, thanks to the bank’s solid revenue gains from trading. Shares of the New York-based bank jumped more […]
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How companies like Amazon, Nike and FedEx avoid paying federal taxes
The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax. In fact, at least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy. The […]
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Ukraine war could mark the most dangerous moment since the Cuban missile crisis, says ‘Sapiens’ author
Israeli author, historian and professor Yuval Noah Harari has spoken out frequently against President Vladimir Putin’s war in Ukraine, adding that it has had the unintended consequence of forging greater unity between Europe and the U.S. Kristof Van Accom | AFP | Getty Images Seven weeks into Russia’s war with Ukraine, still escalating tensions position […]
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