Business
Credit Suisse says U.S. authorities will ‘absolutely not’ find any wrongdoing amid probe into Russian oligarch record shredding
“Queen K,” a luxury yacht owned by Oleg Deripaska, one of a number of Russian oligarchs who reportedly had to terminate private jet leases with Credit Suisse amid previous U.S. sanctions. Anadolu Agency | Anadolu Agency | Getty Images Credit Suisse told CNBC Wednesday that U.S. authorities will “absolutely not” find any evidence of wrongdoing […]
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SpaceX launches Crew-4 mission for NASA, has now sent 26 astronauts to space in under two years
A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft Freedom launches the Crew-4 mission from NASA’s Kennedy Space Center in Florida on April 27, 2022. Aubrey Gemignani | NASA SpaceX launched a group of astronauts for NASA early on Wednesday morning, with Elon Musk’s company now having sent 26 people to orbit in less than […]
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It’s ‘ridiculous and naive’ to think we can stop fossil fuel production immediately, says Standard Chartered CEO Bill Winters
Fossil fuels are ingrained in the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world. Imaginima | E+ | Getty Images LONDON — The CEO of Standard Chartered believes it’s “ridiculous and naive” to think fossil fuel production can be immediately halted without any consequences, […]
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Walmart dangles deeper gas discounts to attract and retain members of subscription service
As prices climb at the grocery store and gas station, Walmart said Wednesday that it will offer deeper discounts on fuel to nudge more customers to join and renew Walmart+. Chris Cracchiolo, senior vice president and general manager of the subscription service Walmart+, said the everyday expense is on the minds of many shoppers, “especially […]
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Retail and consumer IPOs, deals tail off as more businesses set their sights on 2023
People shop at a grocery store in Monterey Park, California, on April 12, 2022. Frederic J. Brown | AFP | Getty Images Supply chain headaches, surging interest rates and the war in Ukraine have combined to stifle IPOs and deal-making in the consumer and retail sectors so far this year. The total number of consumer […]
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Cramer’s lightning round: Fluor is not a buy
Fluor Corp: “Under no circumstance do you want to buy Fluor. That business is way too hard.” Tilray Brands Inc: “Until we get federal legislation [legalizing cannabis], period, these stocks are impossible to own.” Veru Inc: “We need to see a little bit more. … It could be a very big drug.” Source
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Chipotle staffing back at pre-pandemic levels, company is exploring automation, CEO says
Chipotle Mexican Grill CEO Brian Niccol told CNBC’s Jim Cramer on Tuesday that the company’s staffing levels are back where they were before the Covid-19 pandemic. “Our staffing is actually at levels pre-pandemic and frankly, our turnover is probably the best it’s been in, I don’t know, a couple years, especially at the manager level,” […]
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Charts suggest near-term market pain may be over, but don’t expect a big rally, Jim Cramer says
CNBC’s Jim Cramer said Tuesday that the market will likely move sideways instead of experiencing a monster rally when it recovers, leaning on analysis from DeCarley Trading market strategist Carley Garner. “The charts, as interpreted by Carley Garner, suggest the near-term pain might soon be over, but you can’t expect us to go back into […]
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3 things are pulling the market down, but only one needs to settle to find a bottom, Cramer says
CNBC’s Jim Cramer on Tuesday said that while there are three economic and geopolitical issues currently roiling the market, only one needs to resolve for the market to bottom. “There are three culprits behind our decline: The [Federal Reserve], Russia and China. Any one of them could put an end to this meltdown,” the “Mad […]
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Chipotle earnings beat estimates as customers paid more, helping offset surging costs
A customer sits outside of a Chipotle restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill’s quarterly earnings and revenue topped Wall Street’s estimates, fueled by consumers’ willingness to pay more for their burritos and bowls. Shares of the company rose 2% […]
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