Business
California’s gas average tops $6 per gallon as prices across the U.S. surge
High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average for a gallon of gas has surged above $6, making fuel in the Golden State the most expensive across the U.S. The average price at the pump in California hit […]
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United Airlines says FAA has cleared 52 Boeing 777s to fly again after they were grounded for engine failure
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images United Airlines said Tuesday that the Federal Aviation Administration has cleared the path for the return of 52 Pratt & […]
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Walmart reports big earnings miss as higher costs, supply chain eat into profits
Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher levels of inventory. Shares were down about 7% in premarket trading. The company raised its outlook for sales this year, saying it expects net sales to increase […]
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Home Depot raises full-year outlook after earnings beat, record first-quarter sales
Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record. Shares of the company rose 4% in premarket trading. Here’s what Home Depot reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $4.09 […]
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Elon Musk says Twitter deal ‘cannot move forward’ until he has clarity on bot numbers
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk has said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake. Twitter estimated in a filing earlier this month that fewer than 5% of its monetizable […]
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A huge tidal power testing facility is looking to simulate decades of harsh sea conditions
An image of the £4.6 million FastBlade facility. Scotland has a long association with North Sea oil and gas production, but in recent years it’s also become a hub for companies and projects focused on tidal power and marine energy in general. Jeff J Mitchell | Getty Images News | Getty Images A £4.6 million […]
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Jim Cramer says to consider these five high-yielding stocks to upgrade your portfolio
CNBC’s Jim Cramer on Monday gave investors a list of five “accidentally high yielders” that he believes will provide investors refuge in the currently unpredictable market. “At the depths of the [2008] financial crisis, you got an amazing opportunity to buy the accidentally high yielders … real companies with stable dividends that had seen their […]
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Intel shareholders reject executive pay
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during a Bloomberg Studio 1.0 interview at the company’s headquarters in Santa Clara, California, Feb. 3, 2022. David Paul Morris | Bloomberg | Getty Images Intel shareholders voted last week against the company’s compensation for its top executives, according to an regulatory filing published on Monday. […]
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Cramer’s lightning round: I want to buy more Marvell Technology
Marvell Technology Inc: “They are the best when it comes to 5G, the best in high-performance computing. But remember, those things have fallen out of favor right now. … I’d like to buy more [for the Charitable Trust.] That’s the way to go.” Stem Inc: “It got very, very high. We moved away from companies […]
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‘You can’t build on quicksand’ — Jim Cramer warns investors not to invest based on false hope
CNBC’s Jim Cramer told investors on Monday that they shouldn’t let short-term rallies trick them into making optimistic trading decisions. “A rally based solely on the fact that everything’s going wrong is a rally that cannot and will not stand. It has no staying power, unless something actually goes right,” the “Mad Money” host said. […]
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