Business
Higher prices, skimpier portions and apps — how fast-food chains are changing value deals
Fast-food chains are playing up the value of their burgers, pizzas and tacos as inflation squeezes budgets — but expect higher prices, skimpier portions and more deals enticing people to sign up for rewards programs as companies rethink their value strategies. Citing rising costs, Domino’s Pizza earlier this year raised the price of its Mix […]
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More Americans are working part-time — a potential harbinger of future jobs market instability
Commuters and tourists exit a subway car May 26, 2022 in New York City. Robert Nickelsberg | Getty Images More Americans were working part-time and temporary jobs last month, which may herald future shifts in the shape of what today appears a robust jobs market. Hiring in July easily blew past expectations, suggesting a strong […]
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SpaceX raises another $250 million in equity, totaling $2 billion so far this year
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX Elon Musk’s SpaceX raised $250 million in a July equity round, the company disclosed in a securities filing on Friday. The venture has now raised $2 billion so far in 2022. The filing doesn’t specify the sources of […]
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These stocks won earnings season and are expected to rally further — including one by nearly 50%
Stocks rose across the board last month on the back of better-than-expected quarterly results, but CNBC Pro found some companies that absolutely won earnings season. These stocks led the rally during earnings season, and are expected to build on that momentum from here. What’s more? They’re adored by analysts, even as Wall Street at large […]
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Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Check out the companies making […]
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New York polio case is the ‘tip of the iceberg,’ hundreds of others could be infected, health official says
Hundreds of other people could have polio after an adult in a suburb of New York City caught the virus and suffered paralysis last month, the state’s top health official said this week. New York State Health Commissioner Mary Bassett warned that the confirmed polio case in an unvaccinated adult, coupled with the detection of […]
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Cloudflare soars after beating on revenue and raising annual forecast
Cloudflare Co-Founder and CEO Matthew Prince speaks on stage at TechCrunch Disrupt Berlin on December 12, 2019 in Berlin, Germany. Noam Galai | Getty Images Entertainment | Getty Images Cloudflare shares jumped as much as 27% on Friday, after the content distribution network and security provider announced second-quarter results and full-year guidance that exceeded analysts’ […]
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Bed Bath & Beyond is discontinuing a private brand as it tries to reverse declining sales
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond is axing one of its private labels, Wild Sage, about a year after the company made an aggressive push into exclusive brands, at the […]
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Sell Paramount as macro challenges mount, JPMorgan says
It’s time to sell shares of Paramount , as investors can expect greater macro challenges ahead for the legacy media company, according to JPMorgan. “Today we downgrade Paramount to Underweight from Neutral with a $25 price target due to softer DTC revenue and higher losses this year, as well as an expectation of weakening EBITDA […]
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Space factory startup Varda secures NASA partnerships ahead of demo flight next year
Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system. Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity […]
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