Business
Stocks making the biggest moves midday: Dollar General, Occidental Petroleum, Guess and more
A customer enters a Dollar General Corp. store in Colona, Illinois, U.S., on Wednesday, Sept. 10, 2014. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Dollar General — Shares of the discount retail chain gained 2.8% despite a weaker-than-expected fourth-quarter report. Dollar General reported $8.65 billion in […]
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Biden names Dr. Ashish Jha new Covid response coordinator to succeed Jeff Zients
Dr. Ashish Jha is pictured in Providence, RI on Dec. 3, 2020. Jonathan Wiggs | Boston Globe | Getty Images President Joe Biden on Thursday named Dr. Ashish Jha as his new Covid-19 response coordinator to succeed Jeff Zients, who served in the role through the delta and omicron surges. Jha leads Brown University’s School […]
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Moderna CEO Stephane Bancel has sold more than $400 million of company stock during the pandemic
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the coronavirus pandemic — averaging roughly $3.6 million a week — as the company’s stock soared on the development and rollout of its Covid vaccine, according to CNBC’s analysis of the […]
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Kanye West has been suspended from Instagram
Gilbert Carrasquillo | Getty Kanye West has been suspended from Instagram for 24 hours for breaching the social media network’s harassment policy. West, who goes by “Ye,” will not be able to post, comment or send direct messages for 24 hours. A spokesperson for Meta, which owns Instagram, told CNBC Thursday that West violated the […]
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Apple’s new Mac Studio and Studio Display are great if you have $3,600, but most people should get a Mac Mini
Apple’s Mac Studio and Studio Display Kif Leswing/CNBC Apple‘s new Mac Studio computer goes on sale on Friday. I’ve been testing it for over a week, and it’s a good pick for video and photo professionals for whom cost is no issue and who want a Mac desktop that will be able to handle anything […]
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Stocks making the biggest moves premarket: Dollar General, Accenture, Warby Parker and others
Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised […]
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UK government to speed up criminal sanctions for tech bosses with new online safety laws
scyther5 | iStock | Getty Images Plus Executives at companies like Meta, Google, Twitter and TikTok could face jail time sooner than anticipated if they fail to cooperate with the U.K. internet regulator, Ofcom. The U.K. government announced Wednesday that executives may face prosecution or jail time within two months of the new Online Safety […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Jan. 26. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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Stocks making the biggest moves midday: Alibaba, AeroVironment, Boeing and more
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alibaba, JD.com, Pinduoduo — Shares of Chinese companies listed publicly in the U.S. surged as Beijing signaled support for the stocks. The Chinese government said it supports the listing […]
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Hydrogen-powered train a step closer to passenger service in Germany
A model of Siemens Mobility’s Mireo Plus photographed in 2019. Nicolas Armer | Picture Alliance | Getty Images Plans to deploy a hydrogen-powered train in the southern German state of Bavaria took a step forward this week after Siemens Mobility and rail operator Bayerische Regiobahn put pen to paper on a leasing contract. The signing […]
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