Business
Fanatics adds SoftBank executive, former Airbnb marketing chief to board of directors
A detailed photo of the Fanatics apparel displayed at NFL Hospitality during the 2018 NFL Annual Meetings at the Ritz Carlton Orlando, Great Lakes on March 26, 2018 in Orlando, Florida. Mark Brown | Getty Images Fanatics, the rapidly expanding sports e-commerce company, announced Thursday that it added SoftBank’s Lydia Jett and former Airbnb executive […]
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New York City could bring back Covid mask mandate, vaccine checks if hospitals come under pressure
Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, U.S. March 7, 2022. Brendan McDermid | Reuters New York City could bring back mask mandates and proof of vaccination status to go to restaurants, […]
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Stocks making the biggest moves premarket: Twitter, SeaWorld, Shopify and more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. An SEC filing shows Oracle co-founder Larry Ellison and investor Ron Baron are among those committing funds. SeaWorld (SEAS) – The […]
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Larry Ellison, crypto exchange Binance back Elon Musk’s $44 billion bid to buy Twitter
Oracle chairman of the board and chief technology officer Larry Ellison. Justin Sullivan | Getty Images A new filing shows that Oracle co-founder Larry Ellison, venture capital firm Sequoia and crypto exchange platform Binance are among a cohort of investors that plan to support Elon Musk’s $44 billion Twitter takeover. The SEC filing, published Thursday, […]
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World’s second-largest hydropower plant set for 14-year upgrade after deal with GE
Straddling the border between Brazil and Paraguay, Itaipu commenced electricity production in 1984. The technological upgrades being planned for the site are set to take 14 years. Tifonimages | Istock | Getty Images GE Renewable Energy has signed a deal that will see it carry out upgrades to the 14 gigawatt Itaipu hydropower plant, a vast […]
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Cramer’s lightning round: Marvell Technology and Bausch Health are buys
Bausch Health: “We wanted to buy more today, but we ran out of time. This thing is being put on sale. There are shorts taking it all the way down. It is quite ridiculous. I wanted to be able to buy a huge slug of it today, so that’s how I feel for the [Charitable […]
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Clorox’s brands are inflation-proof and can thrive in recessions, CEO says
Clorox CEO Linda Rendle told CNBC on Wednesday the company’s products are “household essentials” that can withstand rising inflationary environments and tough economic times. The company’s brands include its namesake Clorox products as well as Brita water filtration, Glad bags and Burt’s Bees to highlight a few. As an example of Clorox’s pricing power, Rendle […]
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Cramer says Wednesday’s relief rally won’t vanquish the bears, expects Fed skeptics to remain
CNBC’s Jim Cramer said Wednesday he’s still “drawn to owning stocks,” even as the Federal Reserve aggressively raises interest rates in such a way that some skeptics believe will send the U.S. economy into a recession. “They probably sold into the rally today. They will sell again tomorrow because this is who they are,” the […]
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Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase
Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook’s proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign and how it handles […]
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Dead priest’s niece sues Catholic University, auction house to block sale of Judy Garland ‘Wizard of Oz’ dress
A lobby card from the film ‘The Wizard Of Oz,’ shows a film still of a scene in which American actress Judy Garland (1922 – 1969) (as Dorothy) wipes tears from the eyes of actor Bert Lahr (1895 – 1967) (as the Cowardly Lion), while watched by Jack Haley (1898 – 1979) (as the Tin […]
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