Business
Stocks making the biggest moves midday: Gap, Peloton, Boeing, American Airlines, Twitter and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap — Shares of the apparel retailer dropped more than 5% after Gap announced Monday that CEO Sonia Syngal is stepping down from her position. Wells Fargo downgraded the stock to equal weight […]
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These stocks have earnings momentum going into earnings season
As investors ready themselves for what’s expected to be a rough earnings season, CNBC Pro found stocks that are actually seeing their estimates raised by analysts going into results. Many investors are expecting second-quarter earnings reports to fall broadly short of expectations, as rising inflation and a hawkish Federal Reserve continue to weigh on corporate […]
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Here are the nominees for the major Emmy categories — ‘Succession’ and ‘Ted Lasso’ lead the field
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Can the Roy family win yet another high-stakes competition with brutal rivals? HBO’s lacerating drama “Succession” on Tuesday earned 25 nominations for the 74th annual Emmy Awards, the most of any series. It’s squaring off […]
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Covid hospitalizations have doubled since May as omicron BA.5 sweeps U.S., but deaths remain low
People hospitalized with Covid-19 have doubled since early May as the even more transmissible omicron BA.5 subvariant has caused another wave of infection across the country, U.S. health officials said Tuesday. But deaths from Covid still remain relatively low given the number of infections right now, the officials said. Dr. Ashish Jha, who coordinates the […]
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ServiceNow sinks after CEO warns global tech firms won’t be able to outrun strong dollar
The strong U.S. dollar is a drag against technology brands in an environment already battered by fierce macro headwinds, ServiceNow CEO Bill McDermott told CNBC’s Jim Cramer. “You’re at 41-year high inflation. The dollar right now is the highest it’s been in over two decades. We have interest rates rising. People worried about security. You’ve […]
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This 33-year-old mom makes $760,000 a year in passive income—and lives on a sailboat: ‘I work just 10 hours a week’
When I created my money and lifestyle blog Making Sense of Cents in 2011, I had no idea what I was doing. I was a 22-year-old financial analyst making $40,000 a year and struggling to pay off my student loans. But my debt was actually a large part of why I started blogging — I […]
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Microsoft cuts small percentage of employees as new fiscal year begins
Satya Nadella, chief executive officer of Microsoft Corp., speaks during a panel session on day two of the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, […]
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Amazon issued 13,000 disciplinary notices at a single U.S. warehouse
(L-R) Gerald Bryson, co-founder of the Amazon Labor Union, Eric Smith, Amazon employee and member of the Amazon Labor Union, and Tristan Dutchin, Amazon employee and Amazon Labor Union organizer, join other employees, union members and supporters to celebrate in the evening of April 1, 2022, in Brooklyn, NY. Earlier that day, Amazon workers votes […]
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Shares of EV maker Canoo are surging after Walmart agrees to buy 4,500 electric delivery vans
Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to be Used for Last Mile Deliveries in Support of Its Growing eCommerce Business Courtesy: Canoo | Walmart Electric vehicle startup Canoo said Tuesday Walmart has agreed to buy at least 4,500 of its upcoming electric delivery vans, in a significant win for the embattled vehicle maker. […]
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Susquehanna downgrades JetBlue, cites struggles with cost structure
JetBlue could continue to struggle with its cost structure even if it acquires Spirit Airlines , according to Susquehanna Financial Group. Analyst Christopher N. Stathoulopoulos downgraded shares of JetBlue to neutral from positive, saying in a Tuesday note that the airline stock has struggled with unit costs, and may continue to do so after the […]
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