Business
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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Abbott reaches agreement with FDA to reopen baby formula plant to ease nationwide shortage
A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the countrys formula stock, an issue that was further exacerbated by a major product recall in February. Jim […]
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Stocks making the biggest moves after hours: United Airlines, Take-Two Interactive & more
A United Airlines passenger plane is loaded at the capital’s BER airport before its first flight from BER to New York’s Newark Airport. On flights to the U.S. East Coast, Berliners and Brandenburgers no longer necessarily have to change planes. From Monday, United Airlines will connect Schönefeld directly with New York’s Newark Airport on a […]
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Microsoft CEO Satya Nadella tells employees that pay increases are on the way
Microsoft CEO Satya Nadella speaks during the Microsoft Annual Shareholders Meeting at the Meydenbauer Center on November 28, 2018 in Bellevue, Washington. Microsoft recently surpassed Apple, Inc. to become the world’s most valuable publicly traded company. Stephen Brashear | Getty Images News | Getty Images Microsoft CEO Satya Nadella told staffers on Monday that the […]
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How Carvana went from a Wall Street top pick to trading with meme stocks
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within […]
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Rivian’s shares sink after a report a legal battle with a supplier could delay Amazon vans
Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is suing a key supplier in a legal battle that could delay vans ordered by Amazon. […]
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Auction of Judy Garland ‘Wizard of Oz’ dress in jeopardy as judge sets hearing on ownership lawsuit
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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Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Starbucks said Monday it will start covering eligible travel expenses for employees seeking abortions or gender-affirming procedures. The coffee chain joins Amazon, Apple, Microsoft and Salesforce in offering to reimburse workers for travel costs related to abortions following […]
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