Business
Investors are looking to Warner Bros Discovery for a streaming strategy — it already gave us a big hint
Leslie Grace attends Warner Bros. Premiere of “The Suicide Squad” at The Landmark Westwood on August 02, 2021 in Los Angeles, California. Axelle/bauer-griffin | Filmmagic | Getty Images Investors are looking to Warner Bros. Discovery for details on its streaming strategy when the newly merged company reports second-quarter earnings after the bell Thursday. They already […]
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Stocks making the biggest moves midday: Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a partnership with BlackRock, the world’s largest asset manager, that […]
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Visa suspends card payments for ad purchases on PornHub and MindGeek amid controversy
Al Kelly Mark Neuling | CNBC Visa is suspending card payments for advertising on Pornhub and its parent company MindGeek after a lawsuit stoked the controversy that the payments giant could be facilitating child pornography. A federal judge in California on Friday denied Visa’s motion to dismiss a lawsuit by a woman who accuses the […]
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Burger King parent says more customers are redeeming coupons and loyalty rewards
A Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers at Burger King and its sister brands are redeeming coupons and loyalty program rewards as inflation pushes menu prices higher. Restaurant Brands International CEO Jose Cil told CNBC that the company hasn’t seen […]
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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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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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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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Stocks making the biggest moves premarket: Eli Lilly, Cigna, Restaurant Brands and more
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Lilly’s performance during the quarter was impacted by lower prices for insulin and falling sales of its […]
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Restaurant Brands International earnings top estimates, fueled by stronger Tim Hortons, Burger King sales
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Burger King parent company Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled by same-store sales growth at all three of its chains that […]
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