Business
AWS CEO says the move to cloud computing is only just getting started
Cloud computing is in its beginning stages and will only continue to grow, Amazon Web Services CEO Adam Selipsky told CNBC’s Jim Cramer on Tuesday. “It’s possible that AWS could become the largest business at Amazon. Now, Amazon has other large and great businesses, and so it could take a while for us to get […]
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Jim Cramer picks 4 ‘buyable’ stocks to snap up after ugly market days
CNBC’s Jim Cramer recommended four stocks investors should consider adding to portfolios after ugly days in the market like Tuesday. “While this may be a bear market, as long as commodity prices keep coming down, these stocks should be winners, which is why you’ve got to treat ugly moments like this one as buying opportunities,” […]
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FDA panel recommends changing Covid shots to fight omicron this fall
A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, January 29, 2021. Mike Segar | Reuters The Food and Drug Administration’s panel of independent vaccine experts on Tuesday voted 19 to 2 to […]
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CVS removes purchase limit on Plan B pills, says sales have ‘returned to normal’
Plan B One-step birth control in CVS Pharmacy, Boston, MA. Ucg | Universal Images Group | Getty Images CVS is removing the purchase limit it had put on emergency contraceptive pills following last week’s Supreme Court ruling, the chain said Tuesday. The reversal comes as sales have dipped back to normal levels and will be […]
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UBS says this economy is going through ‘slowflation’ and gives stocks to play it
UBS believes the U.S. is about to enter a period of “slowflation,” not stagflation. The investment bank said in a note Tuesday that it sees the economy entering a slowflation period in the next 12 to 36 months. Unlike stagflation periods that are characterized by stagnant economic growth and high inflation, slowflation periods are marked […]
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Juul seeks to extend stay on FDA ban, saying agency did not evaluate all its evidence
A sign advertising Juul brand vaping products is seen outside a shop in New York City, February 6, 2019. Mike Segar | Reuters Juul Labs is seeking to extend a temporary stay on the Food and Drug Administration’s ban of its e-cigarettes, according to a court filing Tuesday. Juul said in the filing that the […]
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Crypto is not replacing the U.S. dollar, Bitfury CEO Brian Brooks says
Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former U.S. Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstanding around cryptocurrencies is that if they’re “not doing a great job of replacing the U.S. dollar, then crypto is failing in its mission,” Brooks, now the […]
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Target will cover employees’ travel to other states for abortions, company memo says
A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in July, according to the […]
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Stocks making the biggest moves midday: Nike, Las Vegas Sands, Boston Beer and more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the sportswear company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. The company said it anticipates flat to […]
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New car quality declined sharply this year with supply chain problems, says J.D. Power
Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to J.D. Power’s 2022 Initial Quality Study. Buick, Dodge […]
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