“The best time to book is between today and the second week of October, as prices are low and there are a lot of seats left to book,” said Hayley Berg, lead economist at Hopper. Ticket prices are likely to
Category: Business
Ethereum founder Vitalik Buterin travels the globe to keep crypto alive as the U.S. cracks down
Vitalik Buterin, the man behind the second-most-popular cryptocurrency, sat down with CNBC’s MacKenzie Sigalos in Prague, one of the new crypto hotbeds in Europe. He discussed the growing crypto crackdown in the U.S. and suggested that developing countries would keep
Russia’s indefinite ban on diesel exports threatens to aggravate a global shortage
In a government decree signed by Prime Minister Mikhail Mishustin, the Kremlin said Thursday that it would introduce “temporary” restrictions on diesel exports to stabilize fuel prices on the domestic market. The ban, which came into immediate effect and applies
Stocks making the biggest moves premarket: AstraZeneca, Wayfair, Alibaba and more
A paramedic prepares doses of AstraZeneca vaccine for patients at a walk-in COVID-19 clinic inside a Buddhist temple in the Smithfield suburb of Sydney on August 4, 2021. Saeed Khan | AFP | Getty Images Check out the companies making
Here’s how much you will need to save to retire with $1 million if your annual salary is $80,000
If you’re making $80,000 per year, the thought of racking up $1 million for retirement might seem daunting. But with a little dedication and the right timing, it’s likely within reach — if you stick to a clear plan. As
McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 years
McDonald’s franchise royalty fees for U.S. restaurants will rise from 4% to 5% for operators opening new locations. The fast-food giant hasn’t hiked royalty fees in nearly three decades. While the change won’t affect many operators initially, backlash will likely
Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to health care to retail
During the September Monthly Meeting , we took questions directly from Investing Club members. Here are Jim Cramer’s and portfolio director Jeff Marks’ responses. Their answers have been edited for clarity. 1. Can you explain the buying strategy for initiating
The Nagorno-Karabakh crisis raises serious questions for Russia — and the West
A short-lived military operation in the disputed Nagorno-Karabakh region appears to have paved the way for Azerbaijan to take full control of a breakaway enclave that has endured more than three decades of conflict. The contested mountainous region of Nagorno-Karabakh
Street Fighter, Resident Evil developer says it plans to tap on synergy between gaming and movies
“We have experienced the synergistic effects of doing so, whereby movies sell well and games sell well, when a game is made into a movie,” Capcom COO Haruhiro Tsujimoto said. The company set up Capcom Pictures in Hollywood in 2022,
Apple’s iPhone 15 launches in China with people flocking to stores despite market worries
People flocked to a flagship Apple store in downtown Beijing on Friday morning to pick up the iPhone 15. As of 10 a.m. Beijing time on Friday, iPhone 15 sales via JD’s Dada one-hour delivery app surged by 253% versus
UK regulators say may clear Microsoft’s new Activision takeover deal
The U.K. Competition and Markets Authority had blocked the Redmond tech giant’s initial $69 billion transaction, first put forward in January 2022, on concerns that it would restrict competition in the nascent cloud gaming sector. The CMA had an Oct.
An HSBC-backed startup is using AI to help banks fight financial crime — and eyeing a Nasdaq IPO
Singapore-headquartered Silent Eight wants to be “IPO ready” by the end of 2025 with a view to listing on the tech-heavy Nasdaq in the U.S, its CEO Martin Markiewicz told CNBC. Silent Eight uses artificial intelligence (AI) to help financial
Foodpanda confirms layoffs, talks to sell part of its Asia food delivery business
Foodpanda confirmed its latest round of job cuts on Friday, citing the need to be “more agile remains critical.” “Delivery Hero confirms negotiations with several parties regarding a potential sale of its foodpanda business in selected Southeast Asia markets. Any
Germany needs structural change to prevent a shift to the right, Commerzbank CEO says
“For a long time we were pretty much in good shape and maybe asleep and not ready to modernize and tackle the structural necessary changes and modernizations,” Manfred Knof told CNBC at the Handelsblatt Banking Summit 2023. The right-leaning Alternative
Japanese yen weakness may force BOJ tightening sooner than expected
If dollar-yen weakens beyond 150 per dollar, BOJ may tighten policy sooner than the markets are expecting, JP Morgan Asset Management Bob Michele told CNBC. The normalization of Japanese government bond yields may spark a decade-long repatriation of Japanese capital
Bank of Japan leaves rates unchanged, maintaining ultra-loose monetary policy
An updated editorial photograph combining images of Japanese yen bank notes with stock market indicators. Javier Ghersi | Moment | Getty Images Japan’s central bank maintained its ultra-loose policy and left rates unchanged on Friday, mindful of the “extremely high
Singapore is now the world’s freest economy, displacing Hong Kong after 53 years
Singapore has dethroned Hong Kong to become the world’s freest economy, according to a report released by Canadian think tank Fraser Institute. For the first time since the Economic Freedom of the World Index started in 1970, Hong Kong has slipped
Biden administration takes steps to remove medical bills from credit reports
The Consumer Financial Protection Bureau outlined its proposed rules to remove medical bills from credit reports. The CFPB found that 58% of all third-party debt collection on consumer credit reports was for medical bills. Credit reporting companies such as Equifax,
Pence trashes Trump’s tax plan, says 10% tariff would ‘increase inflation at the worst possible time’
Former Vice President Mike Pence attacked Donald Trump’s plan to slap a universal 10% tariff on imported goods if he is reelected in 2024. An across-the-board tariff like the one Trump has proposed would worsen inflation and “reward adversaries like
Providers struggle to get latest Covid shots into arms amid early supply issues
Certain people who got appointments for the latest Covid-19 vaccine formulation are receiving cancellation notices or showing up to learn there isn’t a dose available for them. Deliveries of the Pfizer and Moderna shots to some CVS and Walgreens locations
Chesebro asks court to suppress use of emails in Trump Georgia election case
Kenneth Chesebro asked a judge to bar evidence obtained in a search of his email account from the Georgia election case against him and former President Donald Trump. Chesebro, a pro-Trump lawyer, argued that the search warrant used to obtain
Wall Street’s ‘meh’ response to tech IPOs shows Silicon Valley’s valuation problem
Arm, Instacart and Klaviyo are all trading near their IPO price, showing a lack of enthusiasm among public investors for new tech opportunities. The tech IPO market had been largely shuttered for 21 months, as investors turned away from risk
FTC sues Texas anesthesiology provider to bust monopoly
The Federal Trade Commission sued the largest anesthesiology provider in Texas, claiming the company has wielded monopoly power to drive up prices for patients and boost its profits. The FTC asked a federal judge in Houston, Texas, to break up
Verizon CEO shares his weekly strategy to motivate people around him—it involves actually picking up the phone
Ditch the gift cards and office pizza parties. You can motivate others at work simply by picking up the phone, according to Verizon Communications CEO Hans Vestberg. “On the back of my [work] badge, I have 30 names. These are
Former Bridgewater CEO Dave McCormick would get big money backing for Pennsylvania U.S. Senate run
Dave McCormick huddled with Wall Street titans at the Southampton estate of Tory Burch just weeks before his expected Senate campaign announcement. Attendees included a trio of former Goldman Sachs executives in Lloyd Blankfein, Steven Mnuchin and Gary Cohn, along
1 dead, dozens hurt after charter bus carrying high school band members crashes on I-84 in NY
Still from video showing bus crash off side of I-84 in New York. Source: NBC New York One person died and dozens were injured after a charter bus carrying members of a Long Island high school band crashed off a
Here’s a rapid-fire update on all 35 stocks in the Club’s portfolio, including a new buy
Here’s a rapid-fire update on all stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. Jim ran through each stock during our September Monthly Meeting on Thursday. Apple (AAPL): Skeptics have argued for years that Apple is
Saudi crown prince says he will keep ‘sportswashing’ as criticism of the practice grows
Saudi Crown Prince Mohammed bin Salman embraced accusations of “sportswashing” during a Fox News interview that aired Wednesday night. “Well, if sportswashing is going to increase my GDP by way of 1%, I will continue doing sportswashing,” he said during
We’re buying more of an energy stock that hasn’t rallied with oil — yet
We’re buying 25 shares of Pioneer Natural Resources (PXD) at roughly $223.94 each. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 300 shares of PXD, increasing its weighting in the portfolio to 2.4% from 2.2%. We’re picking up shares
JPMorgan legal fees in Jeffrey Epstein sex traffic cases near $14 million, former exec reveals
JPMorgan Chase has racked up $13.8 million in legal fees defending itself against allegations of facilitating Jeffrey Epstein’s criminal sex trafficking operation. The figure came in a court filing by ex-JPMorgan executive Jes Staley, who says the bank is trying
Here’s why we like Broadcom so much, especially after Google shot down a damaging report
We started buying semiconductor giant Broadcom (AVGO) last month and added to our position a few times since it reported fiscal third-quarter results Aug. 31. We would’ve done so again Thursday, if not for restrictions, as the stock fell on
Where key issues stand as UAW closes in on extended strikes against GM, Ford and Stellantis
A noon Friday deadline for expanded strikes by the United Auto Workers union against the Detroit automakers is closing in. The union and General Motors, Ford Motor and Stellantis are all holding their ground on demands, and it appears likely
Google’s contracts with browser makers blocked us from distribution, says rival search engine DuckDuckGo
Google’s exclusive contracts proved to be an “obstacle” for DuckDuckGo in pitching browsers on becoming the default search engine for their private browsing modes, DuckDuckGo CEO Gabriel Weinberg testified in federal court on Thursday. In the end, DuckDuckGo decided that
States announce major push to get to 20 million installed heat pumps, a cleaner alternative to gas furnaces that also provide AC
A coalition of 25 state governors announced a major push to reach 20 million deployed heat pumps by 2030, they said in New York City on Thursday. That would represent a quadrupling of the number of heat pumps installed in
Starbucks has wrongly become a hated stock, Jim Cramer says
Staff members work at a Starbucks store in downtown Shanghai, east China, Sept. 27, 2022. Liu Ying | Xinhua News Agency | Getty Images Starbucks (SBUX) has wrongly become a “hated stock,” amid concerns about the coffee chain’s growth opportunities
Investing in Space: Firefly’s successful launch represents a key moment for company’s future
The view from the upper stage of Firefly’s Alpha rocket after deploying the Victus Nox satellite in orbit on Sept. 14, 2023. Firefly Aerospace CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered
Stocks making the biggest moves midday: Splunk, Cisco, Broadcom, Fox and more
A sign is posted in front of a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Cisco Systems, Splunk —
Here’s everything Microsoft announced at its Surface and Copilot event in New York
Microsoft on Thursday unveiled new Surface computers and shared details about the release of this year’s version of Windows 11. The company introduced the Surface Laptop Studio 2 and the Surface Laptop Go 3. Microsoft also announced availability information for
Girls, young women want to be homeowners by age 30, study finds. Here’s how they can achieve that goal
Your Money About half, 52%, of young women ages of 7 to 21 want to be homeowners by the time they’re 30, a recent report found. Despite current high rates and low inventory, this generation has time on their side,
Americans say this is the No. 1 most important factor to live a fulfilling life—it’s not making a lot of money
Having a job you like may not just make the day-to-day easier, it also seems to improve your overall life satisfaction. Americans say having a career you enjoy is the most important factor to living a fulfilled life, according to
House Speaker McCarthy squeezed from all sides in government shutdown fight, markets grow worried
House Speaker Kevin McCarthy is entering a crucial new phase in his grueling effort to pass a government spending bill through his fractured Republican caucus. “I think we made tremendous progress as an entire conference; we had a great discussion,”
Microsoft to sell AI assistant software to biggest clients starting Nov. 1
Microsoft will start offering its Microsoft 365 Copilot tools to the largest customers on Nov. 1. Financial impact might not occur until the first half of 2023, an executive said in July. Microsoft 365 Copilot is one result of the
Zelenskyy to meet with Biden, Congress as some Republicans sour on Ukraine support
Biden is seeking a “battlefield perspective” from Zelenskyy in their meeting, according to National Security Council spokesman John Kirby. Zelenskyy was already in the United States to address the United Nations General Assembly earlier this week. Addressing the UN on Tuesday, Biden
Do inflation-proof jobs exist? Experts are ‘skeptical’—it all depends ‘on the circumstances’
Many people’s wallets took a hit these last few years as inflation spiked higher than it’s been in decades. Overall, prices rose 13% between April 2021 and April 2023, according to a CNBC Make It analysis. That growth has slowed
Some student loan borrowers have extra time before payments restart. Here’s why
The Biden administration has made it clear that student loan borrowers’ payments will restart in October. However, some people may have a little more time. Here’s why. Westend61 | Getty Images By now, most student loan borrowers have accepted that,
Florida nurse convicted in $200 million Medicare fraud scheme
A federal jury in Miami convicted a Florida nurse practitioner of heath-care conspiracy and other charges for playing a key role in a scheme that swindled hundreds of millions of dollars from Medicare. Elizabeth Hernandez, 45, fraudulently billed Medicare for
WWE’s SmackDown to return to NBCUniversal’s USA Network in more than $1.4 billion deal
WWE’s Friday Night SmackDown will return to NBCUniversal’s USA Network in October 2024. The deal comes out to an average of $287 million per year, a total value of over $1.4 billion, people familiar with the matter told CNBC. Share
AI is policing the package theft beat for UPS as ‘porch piracy’ surge continues across U.S.
Event Videos Hundreds of millions of packages are stolen every year adding up to big sums for companies from Amazon to United Parcel Service. UPS’s latest effort to prevent ‘porch piracy’ is using artificial intelligence, machine learning algorithms that assign
Here are the 15 stocks Jim Cramer is watching, including 3 recent IPOs and Starbucks
Here are some of the tickers on my radar for Thursday, Sept. 21, taken directly from my reporter’s notebook: Club name Starbucks (SBUX) increases its dividend by 4 cents per share to 57 cents. Payable Nov. 24 to shareholders of
Home sales stick near recent lows in August, but prices continue to climb
Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units. Higher mortgage rates and lower inventory levels are hitting homebuyers hard. Sales continue to be weakest on the lower
Rupert Murdoch steps down as chairman of Fox and News Corp.
Rupert Murdoch introduces Secretary of State Mike Pompeo during the Herman Kahn Award Gala, in New York, Oct. 30, 2018 Mary Altaffer | AP Rupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News
Jim Cramer’s top 10 things to watch in the stock market Thursday
My top 10 things to watch Thursday, Sept. 21 1. Stock futures fell Thursday, one day after the Federal Reserve said it would leave interest rates unchanged, but forecast another rate hike before the end of the year. All three
Credit card rates are practically in ‘loan shark’ territory as they hit record highs, advisor says
Credit card interest rates, also known as APY, are at all-time highs. The Federal Reserve has raised borrowing costs to their highest level in over two decades to tame pandemic-era inflation. Making just the minimum monthly payment on a credit
Why NYC’s subway is struggling
Hybrid work has meant fewer riders on New York City’s subway and a drop in fare revenue for the system’s operator, the Metropolitan Transportation Authority. The number of paying weekday subway riders averaged 3.6 million in June, according to the
10-year Treasury yield hits its highest level since 2007 as jobless claims decline
U.S. Treasury yields continued their march higher Thursday, reaching multiyear highs, as investors digested the Federal Reserve’s interest rate decision and forward guidance along with new unemployment data. The yield on the 10-year Treasury was up by around 13 basis
Stocks making the biggest moves premarket: FedEx, KB Home, Klaviyo and more
A pedestrian walks by a FedEx truck on June 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images Here are the stocks making notable moves before the opening bell. FedEx — Shares gained more than 5% after fiscal
Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
This is breaking news. Please check back for updates. Gary Steele, CEO, Splunk. Scott Mlyn | CNBC Cisco said it Thursday was acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion. Splunk
You can get more free Covid-19 tests mailed to your door, starting Monday—here’s how
As hospitalizations and deaths due to Covid-19 have ticked up in recent weeks, the federal government is bringing back one tool to help track and stop the spread of illness: free at-home tests delivered to you. The Biden administration began
Turkey’s central bank hikes interest rate to 30%
The move is a 500-basis point jump from the month prior, as Ankara continues to battle double-digit inflation. The central bank decision follows a series of rate hikes that have been painful for Turks, as the country aims to turn
Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales
A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported earnings and revenue that topped analysts’ expectations in its first quarter
Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday ended a run of 14 straight
Saudi crown prince says Israel diplomatic normalization closer every day
Saudi Crown Prince Mohammed bin Salman said the prospect of normalizing relations with Israel is getting closer by the day, but that the treatment of Palestinians remains a clinching point. Prince Mohammed dismissed reports that the two countries had suspended
India suspends visa services in Canada as diplomatic crisis escalates
Canadian Prime Minister Justin Trudeau said his country is investigating “credible allegations” the Indian government orchestrated the extra-judicial slaying of a Sikh separatist in Canada. New Delhi rejected these allegations as “baseless” and “absurd” and accused Ottawa of being sympathetic
Swiss National Bank holds rates unchanged, ending hike streak
The pause ended the SNB’s run of five consecutive increases since it began lifting rates out of negative territory in June 2022, and keeps its main policy rate to 1.75%. “The significant tightening of monetary policy over recent quarters is
Chinese EV maker Nio releases a smartphone it expects at least half of its users to buy
Chinese electric car brand Nio released an Android smartphone on Thursday. The company’s CEO William Li spoke with CNBC in an exclusive interview. Nio doesn’t have plans to release the smartphone in Europe – until the market grows larger, Li
One of Ukraine’s strongest allies says it will no longer supply Kyiv with weapons
Poland has said it will no longer supply its neighbor Ukraine with weapons, as a rift over agricultural exports deepens. Warsaw has been one of Kyiv’s staunchest allies since mutual foe Russia invaded Ukraine in February 2022. Poland has donated
AI is all the rage now, but the gaming industry may not be ready to adopt it just yet
Game developers like Japan’s Koei Tecmo have been using conventional algorithmic AI “for a long time,” Hisashi Koinuma, president and chief operating officer of Koei Tecmo Games told CNBC at the Tokyo Game Show. But challenges still remain when utilizing
How can you tell if a job is right for you? Ask these ‘overt questions,’ organizational psychologist says
Employee disengagement is costing the global economy a whopping $8.8 trillion dollars, according to a recent Gallup report. The reason only 23% of workers consider themselves to be thriving at work is that people are simply not in the right jobs,
These are the 50 best hotels in the world
The best hotel in the world is Passalacqua, an 18th century villa on the edge of Italy’s Lake Como. That’s according to the 50 Best organization, which announced the results of “The World’s 50 Best Hotels” in London on
Hollywood studios, writers near agreement to end strike, hope to finalize deal Thursday, sources say
Members of the Writers Guild of America (WGA) and the Screen Actors Guild walk the picket line outside of Fox Studios in Los Angeles, California, on August 9, 2023. Film and TV production ground to a halt 100 days ago
Trump aide Cassidy Hutchinson says Rudy Giuliani groped her before January 6 Capitol riot
Former White House aide Cassidy Hutchinson accused ex-President Donald Trump’s onetime attorney Rudy Giuliani of groping her on the day of the Jan. 6 Capitol riot. Giuliani put his hand “under my blazer, then my skirt,” wrote Hutchinson, who worked
Netanyahu says Israel and Saudi Arabia ‘can forge a historic peace’ with Biden’s help
Israel and Saudi Arabia do not currently have official diplomatic relations. Speaking before the meeting, Netanyahu said with Biden’s guidance, the countries “can forge a historic peace.” A senior White House official after the meeting stressed there is still a
Amazon gives Alexa an AI facelift as it launches new smart speakers
At its annual devices bonanza on Wednesday, Amazon introduced new hardware and software with generative artificial intelligence features. The new Alexa will have a more humanlike voice, and it’s able to hold more natural conversations without being prompted by a
U.S. will again offer free at-home Covid tests starting Monday
The Biden administration said it will resume offering free at-home Covid tests to American households Monday as the virus gains a stronger foothold nationwide. Americans will soon be able to use COVIDtests.gov to request four free tests, the administration said
Why we’re cautiously optimistic about Disney’s new multibillion dollar theme park investment
We’re cautiously optimistic about Disney ‘s (DIS) decision to invest billions upon billions more into its booming theme parks. On one hand, it could help profits over time. On the other, it could stretch its balance sheet in the near
Trump protester turned conspiracy target Ray Epps pleads guilty to Jan. 6 disorderly conduct
Ray Epps pleaded guilty to a charge of disorderly conduct related to his actions on the day of the Jan. 6 Capitol riot. Epps, who traveled to Washington, D.C., to protest former President Donald Trump’s 2020 election loss, has become
Adidas CEO says Kanye West didn’t mean antisemitic remarks, isn’t a bad person
Adidas CEO Bjorn Gulden said the artist formerly known as Kanye West didn’t mean it when he made a series of antisemitic remarks. “Very unfortunate because I don’t think he meant what he said and I don’t think he’s a
GM and Stellantis just laid off more than 2,000 additional workers because of the UAW’s strike
GM said it idled an assembly plant in Kansas because of a shortage of parts due to the strike. About 2,000 of its workers were laid off Wednesday. Stellantis also laid off about 370 workers at three parts factories that
Anheuser-Busch to stop cutting off Clydesdale horse tails after backlash
Anheuser-Busch is ending the controversial practice of cutting off the tails of its Clydesdale horses for cosmetic purposes. Animal rights groups including PETA have decried the practice as “crude mutilation” and spent months protesting the company. The Clydesdale-drawn beer wagon
FTC names three Amazon executives in amended complaint over ‘deceptive’ Prime processes
The Federal Trade Commission on Wednesday updated its complaint against Amazon for its “deceptive” Prime sign-up and cancellation processes, adding three senior executives as defendants. Top Amazon executives overseeing Prime downplayed employee concerns about members of the popular subscription program
Tim Scott and Nikki Haley attack unions as UAW strike threatens to escalate ahead of GOP debate
Sen. Tim Scott of South Carolina said striking workers should be fired, pointing to President Ronald Reagan’s termination of striking air traffic controllers. Former South Carolina Gov. Nikki Haley on Tuesday has proclaimed she is a “union buster.” Former President
Biden administration forgives $37 million in student debt for defrauded borrowers
The Biden administration announced on Wednesday that it would cancel nearly $37 million in student debt for over 1,200 students who attended the University of Phoenix. The University of Phoenix’s national ad campaigns misled students by making them believe their
Home prices are expected to rise in 2024: ‘There are simply not enough homes’ to meet demand, says economist
Despite a recent slump, home prices are expected to continue to rise in 2024, according to a number of research firms that specialize in real estate forecasts, including Freddie Mac, Zillow and the National Association of Realtors. That’s because homes
37-year-old quit Amazon and started 20 companies before coming up with Instacart—now he’s worth $1.1 billion
Determination turned Apoorva Mehta into a billionaire. More than 900 million grocery deliveries helped, too. Mehta is the 37-year-old co-founder of Instacart, the online grocery delivery startup that went public on Tuesday and now boasts a market value of $8.8
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 26. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for the first
Fed declines to hike, but points to rates staying higher for longer
The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. That final increase, if realized,
The Federal Reserve leaves rates unchanged. Here’s how it impacts your money
The Federal Reserve left interest rates unchanged at the end of its two-day policy meeting. The central bank has raised its benchmark borrowing rate 11 times since March 2022, the fastest pace of tightening since the early 1980s. For consumers, it
John Grisham, George R.R. Martin and other prominent authors sue OpenAI
A group of prominent U.S. authors, including John Grisham, Jonathan Franzen, George R.R. Martin and Jodi Picault, has sued OpenAI over alleged copyright infringement in using their work to train ChatGPT. The lawsuit, filed by the Authors Guild in Manhattan
Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more
Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Instacart — Instacart shares fell more than 5% one day after going public on the Nasdaq. The grocery deliver company’s stock debuted at $42 on Tuesday,
Instacart loses almost all its IPO gains by second day of trading as rally fizzles
Instacart shares fell more than 5% in their second day of trading Wednesday, continuing a slide that began immediately after the stock debuted on Tuesday. Instacart’s falling share price suggests investors are still hesitant to back tech companies with challenged
Here are the risks to alcohol and food stocks from Ozempic-like weight loss drugs
The rise of new anti-obesity medications could result in less alcohol consumption, impacting Club name Constellation Brands (STZ). The risk already seems to be playing out in food stocks with exposure to snacks and junk food. However, if necessary, the
Klaviyo jumps 23% in NYSE debut after software vendor priced IPO at $30
Klaviyo debuted on the New York Stock Exchange on Wednesday, a day after Instacart started trading on the Nasdaq. The software company was valued at $9.2 billion after selling shares at $30 a piece in its IPO late Tuesday. E-commerce
A ‘financial vortex’ of competing priorities may reduce retirement savings by up to 37%, Goldman Sachs finds
Life Changes Unexpected life events may put a dent in your retirement savings, according to new research from Goldman Sachs. Top financial advisors say consistently living below your means may help adjust for those shortfalls. Geber86 | E+ | Getty
Hunter Biden ‘should be treated no differently’ than other criminal defendants, feds say
Federal prosecutors urged a judge to reject Hunter Biden’s request to hold his initial court appearance on felony firearm charges virtually. Biden, the son of President Joe Biden, “should be treated no differently” than other defendants, Department of Justice special
Biden launches paid program for 20,000 young people to train for green jobs
The White House unveiled the American Climate Corps, a federal program that aims to pay 20,000 young people to get trained in climate-related jobs. The launch comes days after congressmembers sent a letter to Biden urging him to take executive
Ray Dalio says AI will be a ‘great disruptor’ in our lives within a year—you should be both excited and scared of it
Billionaire investor Ray Dalio is sure that artificial intelligence will soon be a “great disruptor” in all of our lives — for both better and worse. AI will help people make strides in productivity, education, healthcare and even usher in
Kraft recalls 84,000 cases of American cheese slices over choking hazard
Kraft Heinz announced a recall of Kraft Singles cheese slices after customers reported choking on stray pieces of plastic wrapping. Nearly 84,000 cases of product are affected, the company said. The hazard was caused by a faulty wrapping machine. Packages
Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division
Tobacco giant Philip Morris International is considering selling off a stake in its largest pharmaceuticals unit. The company has been making inroads into wellness and healthcare space in recent years as it pivots towards becoming a business focused on smoke-free
Lin Wood is witness in Trump Georgia election prosecution, DA Fani Willis says
Lin Wood, an attorney and vocal supporter of former President Donald Trump, is a witness for the Atlanta district attorney in her prosecution of Trump and his allies over their efforts to reverse his 2020 election loss in Georgia, a
Here’s our usual approach to buying and selling stocks on Fed decision days
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 and Dow Jones Industrial Average rose Wednesday, ahead of
5 Tips for Improving Your Email Marketing Strategy
“Grow Your Business with These 5 Email Marketing Tips!” Email marketing is an effective way to reach out to potential customers and build relationships with existing ones. It can be a great way to increase sales and build brand loyalty.
Maximizing Efficiency in Manufacturing Processes
Manufacturing processes are the backbone of any successful business. They are the key to producing quality products in a timely and cost-effective manner. Maximizing efficiency in manufacturing processes is essential for businesses to remain competitive and profitable. This involves streamlining
The Benefits and Drawbacks of Working from Home
The Pros and Cons of Working from Home: What You Need to Know Working from home has become increasingly popular in recent years, and for good reason. It offers a great deal of flexibility and convenience, allowing you to work
Best Startup Business Marketing Strategy
Starting a business is an exciting and challenging endeavor. It requires a lot of hard work, dedication, and creativity to make it successful. One of the most important aspects of any business is its marketing strategy. A good marketing strategy
How To Start A Business
Choosing the right business structure for your company is an important decision that can have a lasting impact on your business. It’s important to take the time to research and understand the different types of business structures available to you.
Layoff Preparation Steps
Layoffs are a difficult and often necessary part of business. They can be a difficult and emotional process for both the employer and the employee. However, with the right preparation, the process can be made smoother and less stressful. This
