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Costco delivers a strong quarter, and we see two catalysts ahead that could boost the stock
Once again, Costco showed off the power of its club membership model, providing additional proof that it's the best-managed U.S. retailer. Read full article
2h ago
CNBC
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The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says
The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to the former chairman of the agency's Sovereign Rating Committee. Read full article
3h ago
CNBC
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How a federal government shutdown may affect Social Security and Medicare
Lawmakers face a looming deadline to pass a spending bill to prevent a federal government shutdown. Here's what that means for Social Security and Medicare. Read full article
3h ago
CNBC
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Airbnb is offering a weekend stay at Shrek's Swamp in the Scottish Highlands: Here’s how to book
The property is an exact recreation of the green ogre's home in 2001's hit film 'Shrek.' Read full article
3h ago
CNBC
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Dead or alive? Mystery surrounds the fate of Russia's Black Sea Fleet commander
Mystery surrounds the fate of the commander of Russia's Black Sea Fleet, who Ukraine claimed it had killed in a missile strike on naval headquarters last week. Read full article
4h ago
CNBC
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UK gives approval for controversial Rosebank oil and gas field development
British regulators on Wednesday gave approval for Norway's energy giant Equinor to develop the controversial U.K. offshore Rosebank field in the North Sea, just off the northwest coast of the Shetland Islands. Read full article
4h ago
Oil
CNBC
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Indonesia to ban purchases on social media like TikTok, says it will further regulate e-commerce
The government said it will also bar social media companies from doubling as e-commerce platforms to prevent misuse of public data. Read full article
4h ago
CNBC
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Levi's Strauss CEO says his biggest mistake was not firing the wrong people fast enough
Levi’s CEO Charles Bergh brought what he called a once "broken" brand back into the limelight. Here's how he did it. Read full article
8h ago
CNBC
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This is the world's fastest growing economy, and it could grow an 'explosive' 100%
The world's fastest growing economy is on track for a more than 100% growth, largely fueled by profits from its oil production and export sector. Read full article
12h ago
CNBC
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Hollywood writers strike to end on Wednesday as WGA, AMPTP finalize labor contract
Hollywood writers and studios have finalized the language of a tentative contract that will lead to the end to a nearly 150-day labor strike. Read full article
12h ago
CNBC
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Cramer says Amazon and Google stocks are still buys, despite antitrust lawsuits
CNBC's Jim Cramer on Tuesday shared his opinions on two antitrust lawsuits involving tech giants Amazon and Alphabet-owned Google. Read full article
12h ago
CNBC
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26.09.2023
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Here's how much money you'd have if you invested $1,000 in Costco 10 years ago
Costco reported its fiscal fourth-quarter earnings beating analysts' expectations. Here's how much you'd have if you invested $1,000 one, five and 10 years ago. Read full article
15h ago
CNBC
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SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off
Improbable, which is backed by SoftBank, said its revenues more than doubled last year after a pivot to powering new "metaverse" experiences. Read full article
15h ago
CNBC
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Peloton co-founder and Chief Product Officer Tom Cortese is leaving the company
Cortese will be replaced by Silicon Valley veteran Nick Caldwell, who previously held positions at Twitter, Google and Microsoft. Read full article
15h ago
CNBC
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Costco tops quarterly earnings expectations, even as sales remain soft
Costco topped quarterly earnings and revenue expectations, even as sales trends at the membership club slowed. Read full article
16h ago
CNBC
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Planning a big purchase in 2024? Don't expect your credit card interest rate to drop any time soon
The Federal Reserve has revised its outlook upward, with interest rates to be higher than previously expected in 2024. Read full article
17h ago
CNBC
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Grammy's CEO: 'We're not going to award AI creativity' unless it falls under these two categories
AI-generated music can go viral on social media, but it won't win a Grammy unless it falls into one of two categories, says Recording Academy CEO Harvey Mason Jr. Read full article
17h ago
CNBC
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Mum's the bad word: Most big Menendez donors won't say if they will keep backing New Jersey senator
Sen. Bob Menendez faces a federal bribery indictment and calls by fellow Democrats to step resign as he seeks re-election in 2024. Read full article
17h ago
CNBC
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Miami man pleads guilty to selling adulterated, misbranded HIV drugs across U.S.
The misbranded HIV drugs, which included Truvada and Biktarvy, were distributed to pharmacies across the U.S. and dispensed to unsuspecting patients. Read full article
17h ago
CNBC
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Target says it will close nine stores in major cities, citing violence and theft
It's the latest move related to theft for Target, which has been outspoken about the industrywide problem of organized retail crime. Read full article
17h ago
CNBC
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Apple's Eddy Cue defends default search contract with Google as best option for consumers
Apple's head of services testified in federal court Tuesday about the company's agreement to make Google the default search engine on iPhones in the U.S. Read full article
17h ago
CNBC
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Biden stands with striking UAW autoworkers in Michigan, supports big pay raise
President Joe Biden joined striking UAW members on the picket line outside Detroit and urged strikers to continue their fight until they reach a fair deal. Read full article
17h ago
CNBC
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Why we're looking past the FTC lawsuit to a flurry of bullish developments at Amazon
A slate of positive headlines coming out of Amazon (AMZN) in recent days, makes clear the Club holding has a solid future ahead. Read full article
18h ago
CNBC
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Jim Cramer thinks Rivian is a worth a look for investors looking to buy an EV stock
Rivian shot up after Baird analysts named the stock a "bullish Fresh Pick." Read full article
18h ago
Buy
CNBC
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Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI
Copyright law and fair use must be redefined to exclude AI and protect publishers from their content being "sucked up," Barry Diller said Tuesday on Squawk Box. Read full article
19h ago
CNBC
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Biden calls on Congress to fund government as Moody's and Wells Fargo warn of shutdown impact
President Joe Biden asked Congress to avoid a government shutdown due to lack of funds. The U.S. credit rating and dollar could be affected otherwise. Read full article
19h ago
CNBC
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Fed's Neel Kashkari sees 40% chance of 'meaningfully higher' interest rates
Kashkari thinks there's nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation. Read full article
19h ago
CNBC
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Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more
These are the stocks posting the largest moves in midday trading. Read full article
20h ago
CNBC
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A recruiter debunks the viral 'white font' resume trick: 'It drives me nuts'
TikTok is full of career advice, but not all of it is worthwhile. Read full article
20h ago
CNBC
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With the market nearly oversold, we're adding to this software name on weakness
Tuesday is another ugly day for the markets, with stocks struggling to stabilize on mounting concerns about the impact of higher interest rates. Read full article
20h ago
CNBC
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The federal government could shut down just as student loan payments restart. What that means for borrowers
The U.S. federal government could shut down at around the same time student loan payments restart. Here's what borrowers can expect. Read full article
20h ago
CNBC
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Working women spend $15.4 billion more than men in out-of-pocket health costs, study finds
Women rack up 10% more in health costs than men, but spend nearly 20% more out-of-pocket Read full article
20h ago
CNBC
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Today's graduates make almost $10,000 less than their parents, after adjusting for inflation
In four decades, graduate salaries have decreased by more than 10% after adjusting for inflation, a recent report found. Read full article
20h ago
CNBC
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Sales of newly built homes reverse course, drop nearly 9% in August
Sales of newly built homes dropped as mortgage rates jumped. Read full article
20h ago
CNBC
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Positivity alone won't increase your lifespan, experts say—you must also possess these key personal traits
Centenarians, or those who reach 100 years old, frequently credit their long lifespan to their positive attitude.  Read full article
21h ago
CNBC
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Sen. Cory Booker, dozen other Democratic senators call on Menendez to quit due to bribery indictment
Sen. Bob Menendez is charged with federal bribery counts related to allegedly accepting cash, gold and other items from three New Jersey businessmen. Read full article
21h ago
CNBC
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FTC and 17 states sue Amazon on antitrust charges
The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox." Read full article
21h ago
CNBC
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Jim Cramer says the stock market is 'too negative'
The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET. Read full article
21h ago
CNBC
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Travelers say Tampa International is the best large airport in North America for the second year in a row
J.D. Power ranked large airports in North America based on customer satisfaction. Tampa International Airport took the top spot for the second year in a row. Read full article
21h ago
CNBC
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Taylor Swift's 'The Eras Tour’ concert film set for global theatrical release
Taylor Swift's hotly-anticipated "The Eras Tour" concert film will expand beyond North America for a worldwide premiere date next month. Read full article
21h ago
CNBC
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UPS to hire 100,000 holiday workers with Teamsters pay bump
UPS will hire 100,000 seasonal workers again this year, with starting pay up as a result of the newly ratified Teamsters agreement.  Read full article
21h ago
CNBC
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Trump blasts special counsel's gag order request in federal election case
Lawyers for former President Donald Trump accused the Biden administration of trying to muzzle its main opponent through the proposed special counsel gag order. Read full article
21h ago
CNBC
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Used cars are older, pricier. 3 things to think about when shopping for a previously owned vehicle
Pandemic-era manufacturing lulls pushed used car prices and ages higher. As prices have soared, here are three things to consider when shopping around for one. Read full article
23h ago
CNBC
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Bitcoin miners beef up Texas operations ahead of extinction-level event, exclusive data shows
Texas made up 8.43% of the hashrate in the U.S as of the end of 2021, and that percentage has grown to 28.50% as of July 27, 2023. Read full article
23h ago
CNBC
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Retail theft isn't actually increasing much, major industry study finds
Retail shrink, and theft's role as a share of it, is largely in line with historical norms, even as companies call it out more, according to a major NRF survey. Read full article
23h ago
CNBC
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JPMorgan Chase to settle Jeffrey Epstein sex trafficking suit by U.S. Virgin Islands for $75 million
Jeffrey Epstein was a long-time customer of JPMorgan Chase, the huge U.S. bank which previously agreed to pay his victims $290 million to settle a similar suit. Read full article
23h ago
CNBC
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UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
Michigan voters helped both Biden and Trump in winning the White House during the past two presidential elections in 2020 and 2016, respectively. Read full article
23h ago
CNBC
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Jim Cramer's top 10 things to watch in the stock market Tuesday
U.S. stocks edge lower in premarket trading, while Ford halts production on its $3.5 billion electric-vehicle battery plant in Michigan amid a strike. Read full article
23h ago
CNBC
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Saudi Arabia announces crucial step forward in its nascent nuclear power plans
The news comes amid increasing concern about Saudi Arabia's intentions with the technology, and the potential for a nuclear arms race in the Middle East. Read full article
23h ago
CNBC
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Armenia warns of 'ethnic cleansing' as thousands flee the Nagorno-Karabakh enclave
The mass exodus comes after a lightening military operation by Azerbaijan last week saw it take full control of the region. Read full article
23h ago
CNBC
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Dimon warns that the Fed could still raise interest rates sharply from here
"I am not sure if the world is prepared for 7%," he told The Times of India in an interview. Read full article
23h ago
FED
CNBC
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Professional Pickleball, Tennis Channel deepen media partnership with 24/7 streaming channel
The PPA Tour and Tennis Channel are teaming up in joint venture that let's the TV network produce and air matches in a bid to further popularize the sport. Read full article
24h ago
CNBC
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Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says
Resale platforms at fast-fashion retailers may do little to reduce emissions and companies like H&M and Shein are better off investing in their supply chains. Read full article
24h ago
CNBC
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Stocks making the biggest moves premarket: Fisker, Tesla, United Natural Foods and more
These are the stocks posting the largest moves in premarket trading. Read full article
1d ago
CNBC
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Jamie Dimon says India optimism is 'completely justified'
JPMorgan Chase Chairman and CEO Jamie Dimon struck a bullish tone at the India Investor Summit. Read full article
1d ago
CNBC
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AI chip firm Kneron raises $49 million as it looks to rival Nvidia, with Foxconn among backers
Kneron is looking to capitalize on the investor interest in AI and the chip technology that underpins it, underscored by Nvidia's 180% rally this year. Read full article
1d ago
CNBC
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Meta's Threads struggles to grow amid rivalry with Elon Musk's X, ranking ahead of only Tumblr
Threads ranks near the bottom of the most popular social apps and continues to trail X, according to Insider Intelligence's first forecast of the Twitter clone. Read full article
1d ago
CNBC
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'We have dealt with recessions before': Jamie Dimon says geopolitics is the world's biggest risk
JPMorgan Chase & Co. CEO Jamie Dimon says geopolitics in light of Russia's invasion in Ukraine is the biggest risk is a much larger risk than high inflation or a U.S. recession. Read full article
1d ago
CNBC
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Chinese e-commerce giant Alibaba plans to list its logistics unit Cainiao in Hong Kong
Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing Tuesday. Read full article
1d ago
CNBC
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Apple exec Eddy Cue set to testify in Google trial about $19 billion search deal
Cue is expected to testify that Apple picked the Google search engine as an iPhone default because it was the best product. Read full article
1d ago
CNBC
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Russia smells blood as Ukraine tries to stop war fatigue spreading among allies
Ukraine is trying to keep its international backers close as diplomatic gaffes, war fatigue and elections threaten to upset its alliances. Read full article
1d ago
CNBC
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Biden administration blacklists China firms for Moscow, Tehran drone links
The U.S. Department of Commerce added 28 entities to the U.S. Entity List on Monday, citing national security concerns. Read full article
1d ago
CNBC
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EU trade chief says the outcome of China EV probe cannot be prejudged
Europe may have started investigating Chinese electric vehicle subsidies, but no assumptions should be made about the probe's outcome, the head of trade for the European bloc's executive branch said Tuesday. Read full article
1d ago
CNBC
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Dads have a 'unique effect' on kids' attainment. Here's how
Kids whose dads read, sing and draw with them may have an advantage once they start school and get better grades, new research shows. Read full article
1d ago
CNBC
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‘Dark’ ships are faking their locations to move oil around the world — and it's likely worth billions of dollars
New technology has identified rising numbers of vessels that appear to be manipulating their location data to ship Russian oil — and evade the G7's price cap. Read full article
1d ago
Oil
CNBC
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Fixing China's property sector could take years — if not a decade, says economist
China's urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Hao Hong. Read full article
1d ago
CNBC
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I walked more than 100 miles in Kyoto. Here are 5 new places worth visiting
Artisanal shops are popping up across Kyoto — with matcha, coffee and guided meditation —not far from the city's temples and famous sights. Read full article
1d ago
CNBC
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25.09.2023
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'Cash-flow' podcaster made off with millions in Ponzi scheme, SEC alleges
Matt Motil defrauded investors out of millions in an unsophisticated Ponzi scheme, the SEC alleged. Read full article
2d ago
CNBC
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Trump and GOP Rep. Gosar suggest Joint Chiefs boss Mark Milley deserves death
Joint Chiefs Chairman Mark Milley was attacked by Donald Trump, the Republican presidential nomination front-runner, in a social media post. Read full article
2d ago
CNBC
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Trump Georgia election juror names to be kept secret until trial ends, judge rules
Trump faces 13 criminal counts in the sweeping Georgia case accusing him and 18 others of illegally conspiring to overturn the state's 2020 election result. Read full article
2d ago
CNBC
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Jeff Bezos' Blue Origin to replace CEO Bob Smith with outgoing Amazon exec Dave Limp
Jeff Bezos' Blue Origin will replace CEO Bob Smith with outgoing Amazon exec Dave Limp, CNBC has learned. Read full article
2d ago
CNBC
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Former OPM employee sentenced to 2 years' probation for directing contracts to family-owned companies
Sheron Spann, 55, pleaded guilty in May to one felony count of taking actions affecting a personal financial interest. Read full article
2d ago
CNBC
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Jeff Bezos' Blue Origin to replace CEO Bob Smith with former Amazon exec Dave Limp
Jeff Bezos' Blue Origin will replace CEO Bob Smith with former Amazon exec Dave Limp, CNBC has learned. Read full article
2d ago
CNBC
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Movie theater shares pop after writers, studios reach tentative labor deal
While a potential end to the writers' strike represents positive momentum for Hollywood, union members still need to ratify the deal. Read full article
2d ago
CNBC
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Sierra Space raising nearly $300 million from Japanese consortium at $5 billion valuation
The fresh funds come as Sierra Space focuses on getting its Dream Chaser spaceplane flying. Read full article
2d ago
CNBC
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Pfizer restarts production at tornado-hit North Carolina plant, but drug supply will still be affected
Pfizer expects operations to fully resume by the end of the year, but it warned that supply of some medicines would be affected until at least mid-2024.  Read full article
2d ago
CNBC
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0
3 ways to use AI right now to get ahead—if you do, you're 'really going to succeed,' says expert
Artificial intelligence can help you become highly successful at work or school, says Fidelity Investments' VP of AI and machine learning research. Here's how. Read full article
2d ago
CNBC
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0
Trump says he is buying Glock handgun at South Carolina event
Former President Donald Trump purchased a Glock handgun at a campaign stop in South Carolina, his spokesman said. Read full article
2d ago
CNBC
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Biden's visit to UAW picket line not influenced by Trump's, White House says
Trump announced last week he would skip the second GOP debate in California and meet with striking UAW workers instead. Read full article
2d ago
CNBC
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Pickleball is loud. The people behind the trendy sport say they're trying to fix it
Pickleball can be twice as loud as tennis. The body that governs the sport is working on ways to quiet it down. Read full article
2d ago
CNBC
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This big-ticket purchase may be a 'grenade in your otherwise well-planned retirement,' advisor warns
As your wealth increases, it may be tempting to buy a second home or a boat. But advisors warn those purchases can take a big chunk from your retirement funds. Read full article
2d ago
CNBC
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The first tour inside Manhattan's newest private club, with $100,000 membership fees
The new Core Club, spread over four floors above Midtown, is the latest in a wave of elite membership clubs that have opened in major cities since the pandemic. Read full article
2d ago
CNBC
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Pressure mounts on McCarthy ahead of shutdown deadline as Dem Rep. Boyle blames 'infighting'
House Speaker Kevin McCarthy is at the center of the Republican party's refusal to move forward on a spending bill without cuts to domestic programs. Read full article
2d ago
CNBC
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Fetterman plans to return donation tied to Menendez 'in envelopes stuffed with $100 bills'
Sen. Bob Menendez of New Jersey was indicted with his wife last week on federal bribery charges. Fellow Democrat John Fetterman has called on him to resign. Read full article
2d ago
FED
CNBC
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Florida Gov. Ron DeSantis to debate Gov. Gavin Newsom of California on Fox News
Fox News announced the event days before Gov. Ron DeSantis, who is trailing Donald Trump in polls, is set to participate in the second GOP debate. Read full article
2d ago
CNBC
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Merck Covid drug linked to virus mutations that can spread between people, new study says
There is still no evidence that molnupiravir, sold under the brand name Lagevrio, has produced more transmissible or severe variants of Covid. Read full article
2d ago
CNBC
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These 5 Club stocks have defied the S&P 500's recent slide
September has been unkind to stocks – living up to its historical reputation as the weakest month for the S&P 500. Read full article
2d ago
CNBC
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Tim Scott suggests workers who strike should be fired. Here’s what the law says about firing workers on strike
The National Labor Relations Act of 1935 grants private sector workers the right to strike, and they can't be fired for doing so. Read full article
2d ago
CNBC
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0
Corporate pensions are at their healthiest in more than a decade
Pension funding has increased steadily since the Great Recession, and that's a positive trend for workers, experts said. Read full article
2d ago
CNBC
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iPhone 15 Pro analysis unveils Qualcomm modem and easier-to-repair smartphone frame
The two most common smartphone fixes are replacing the battery and screen, so the new design gives repairers easier access to those parts. Read full article
2d ago
CNBC
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0
Some soft commodity prices are surging, adding to consumer woes
Certain agricultural commodities have climbed in recent months, driven by weather-related damage around the globe and tighter supplies. Read full article
2d ago
CNBC
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Microsoft is hiring a nuclear energy expert to help power its AI and cloud data centers
Microsoft is looking to hire a nuclear energy expert to help coordinate powering its AI datacenters with small nuclear reactors. Read full article
2d ago
CNBC
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ChatGPT can now 'speak,' listen and process images, OpenAI says
OpenAI's ChatGPT can now "see, hear and speak," or, at least, understand spoken words, respond with a synthetic voice, and process images, the company said. Read full article
2d ago
CNBC
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Etsy seller who brought in $101,000 in a month: I thought I'd 'make scraps without a degree'
Cassiy Johnson started a print-on-demand Etsy shop in 2020. Now, she has three streams of income and only works up to 23 hours per week. Read full article
2d ago
CNBC
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Sen. Bob Menendez suggests cash found in bribery raid came from 'personal savings'
Menendez said he would fight the bribery and corruption charges. Read full article
2d ago
CNBC
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Consulting firms are offering delayed start dates to some new hires—5 tips for handling it, say career experts
Many new graduates are facing pushed back start dates due to the downturn of the economy. Here is what career experts advise you to do with your time. Read full article
2d ago
CNBC
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0
China's outbound travel surges ahead of 'Golden Week' holidays
Bookings for foreign destinations such as Singapore and Australia have increased by 20 times compared with the same holiday period last year, Trip.com says. Read full article
2d ago
CNBC
0
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