Business
Verizon shares fall after company cuts full-year forecast
A Verizon store in San Francisco, California, U.S., on Tuesday, July 20, 2021. Bloomberg | Getty Images Shares of Verizon fell nearly 5% in premarket trading Friday after the company reported second-quarter earnings that missed expectations and trimmed its financial forecast for the year. “Although recent performance did not meet our expectations, we remain confident […]
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Volkswagen-backed Northvolt to develop wood-based batteries for EVs
This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunkett | Bloomberg | Getty Images Northvolt will partner with Stora Enso to develop batteries that incorporate components produced using wood sourced from […]
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A pilot project in the North Sea will develop floating solar panels that glide over waves ‘like a carpet’
Floating solar panels in the Netherlands. A number of major energy firms are looking into the potential of combining floating solar with other energy sources. Mischa Keijser | Image Source | Getty Images German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North […]
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Mattel CEO says ‘Barbie’ movie production wrapped Thursday, exactly a year before release date
Mattel CEO Ynon Kreiz told CNBC’s Jim Cramer that the company’s highly anticipated Barbie movie finished production on Thursday. “What is special now is that today, we actually wrapped production, principal photography, for the Barbie movie, exactly one year before we release it theatrically worldwide with our partners, Warner Brothers. … Look out for that,” […]
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Cramer’s lightning round: I’d be very careful with ZIM Integrated Shipping
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Jim Cramer offers his favorite stock picks for 3 possible recession scenarios
CNBC’s Jim Cramer on Thursday gave investors his top stock picks for three different recession outcomes. “We’ve got mild, we’ve got moderate and we’ve got severe. … . Can we avoid a recession altogether? There’s always the chance,” but investors shouldn’t hold their breath, he said. Investors have piled into tech stocks this week, betting […]
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Monarch butterfly is added to the international threatened species list
A monarch butterfly in the butterfly pavilion at the LA County Natural History museum Wednesday, June 1, 2022. David Crane | MediaNews Group | Los Angeles Daily News via Getty Images The iconic black and orange monarch butterfly is threatened with extinction because of habitat destruction and climate change, international conservationists said on Thursday. The monarch […]
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Convenience store chain 7-Eleven cuts 880 corporate jobs as part of restructuring
Peter Parks | AFP | Getty Images Convenience store chain 7-Eleven has cut roughly 880 corporate jobs in the United States, CNBC has learned, roughly a year after it completed its $21 billion acquisition of rival C-store and gas station business Speedway. 7-Eleven is owned by the Japanese retail conglomerate Seven & i Holdings, which […]
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Polio case confirmed in New York state, health-care providers told to look for more infections
Polio virus, illustration. Each virus particle is composed of a protein coat around a core containing RNA genetic material. This virus infects children and causes the disease poliomyelitis or infantile paralysis. Roger Harris/science Photo Library | Science Photo Library | Getty Images The New York State Health Department confirmed a case of polio on Thursday, […]
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Airlines temper flying ambitions after chaotic — but profitable — travel rebound
An American Airlines Boeing 737-800, equipped with radar altimeters that may conflict with telecom 5G technology, can be seen flying 500 feet above the ground while on final approach to land at LaGuardia Airport in New York City, New York, U.S., January 6, 2022. Bryan Woolston | Reuters The leaders of the country’s biggest airlines […]
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