CEO & Co-Founder Vaynermedia Gary Vaynerchuk speaks at the Brand U Event at Nasdaq MarketSite. Roy Rochlin | Getty Images The newfound influence of Reddit users on the stock market is just a microcosm of what’s to come in the technology era, advertising guru Gary Vaynerchuk told CNBC Wednesday. “You’re seeing the maturity of the internet
Month: February 2021
To quarantine or not to quarantine — that is the question. Or at least it has been for countries deliberating how to handle incoming international travelers. But that changed last month when Sri Lanka reopened its borders with a requirement unlike any country that had opened before it — one that neither grants travelers free
The GameStop Corp. logo on a laptop computer and Robinhood application on a smartphone. Tiffany Hagler-Geard | Bloomberg | Getty Images Rep. Ro Khanna, Silicon Valley’s lawmaker in Congress, on Thursday proposed a bill aimed at bulking up the Internal Revenue Service’s enforcement tools and ability to crack down on tax evasion. The legislation, if
Jeff Lawson CEO, Twilio Scott Mlyn | CNBC Twilio shares rose more than 12% in extended trading on Wednesday after the cloud communications company reported better-than-expected fourth-quarter results, including a surprise adjusted profit. Here’s how the company did: Earnings: 4 cents per share, adjusted, vs. loss of 8 cents per share as expected by analysts,
Cyrus Whittaker, left, and Debbie Orca sit around a fire in the homeless camp where they live during record breaking cold and snow in Oklahoma City, Oklahoma on February 16, 2021. Nick Oxford | The Washington Post | Getty Images The major winter storm that’s swept across the South this week and knocked out power
The bombing of a professional German soccer club’s bus was at first thought to be an act of terrorism. But instead, it was the work of a young Russian man, who used the attack to manipulate the stock market and possibly try to impress an ex-girlfriend. Read Thomas Rogers’ full story on Bloomberg Businessweek: https://www.bloomberg.com/news/features/2018-10-29/the-get-rich-quick-scheme-that-almost-killed-a-german-soccer-team?sref=zU1fOhDr
Shaquille O’Neal speaks in New York during the Sports Illustrated Sportsperson Of The Year 2019. O’Neal is serving as a strategic adviser for a $250 million SPAC. Bennett Raglin | Getty Images Entertainment | Getty Images Wall Street has a new investment darling. And while financiers stand to reap big profits, there are reasons for
Kevin O’Leary, co-founder of O’Shares ETFs, told CNBC on Wednesday he’s started to day trade alongside users of Reddit’s WallStreetBets forum in hopes of better understanding the online community that played a key role in the recent GameStop short squeeze. In an interview on “Squawk Box,” O’Leary said he put $10,000 into an account with
Many retail stocks are struggling, but RH is thriving. Shares of the upscale home goods store have more than doubled over the past year. CEO Gary Friedman has said the company is benefitting from the droves of homebound shoppers who are looking around their dwellings all day long and finding plenty of opportunities for sprucing
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Check out the companies making headlines in midday trading. Wells Fargo — The bank stock jumped more than 5% after Bloomberg News reported that Fed officials had signaled to Wells Fargo that they would approve its
A worker puts pepperoni on a pizza inside a Domino’s Pizza franchise in New York. Daniel Acker | Bloomberg | Getty Images After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming
kate_sept2004 | E+ | Getty Images In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap.
Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas. SpaceX SpaceX completed another monster equity funding round of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation skyrocketing to about $74 billion. The company raised the new funds at $419.99 a share, those people said
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images Elizabeth Holmes’ attorneys strongly pushed back against the government’s attempts to detail her extravagant lifestyle
U.S. stock index futures were little changed in overnight trading on Tuesday after the Dow closed at a record high. Futures contracts tied to the Dow Jones Industrial Average gained 11 points. S&P futures were unchanged, while Nasdaq 100 futures slid 0.13%. The move comes after the Dow closed at a record high during regular
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health‘s fourth-quarter earnings beat Wall Street’s expectations as its pharmacy sales got a lift from providing Covid-19 testing and vaccines. Shares of the company are up slightly in premarket trading. Here’s what the company reported
Workers move boxes containing the Pfizer-BioNTech Covid-19 vaccine as they are prepared to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Kalamazoo, Michigan on December 13, 2020. Morry Gash | AFP | Getty Images The Biden administration is increasing the number of Covid-19 vaccine doses shipped to states weekly, sending out 13.5
Historic row houses in Colombia Heights neighborhood of Washington DC, USA amedved | iStock | Getty Images Homeowners struggling amid the coronavirus pandemic received some welcome news on Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief programs. The White House said that the move will benefit the 2.7 million homeowners
A artist’s illustration of the company’s space station in orbit. Axiom Space Houston-based Axiom Space is going full tilt into scaling production of private space stations, while also flying paying passengers on trips to orbit, with the company announcing $130 million in a new round of funding on Tuesday. “This round lets us go make
Parents across America, and especially moms, have had to adapt over the last few months of the coronavirus pandemic and take on unexpected responsibilities as the lines between home and work and school have blurred. Job losses and health crises can cause further strain on an already stressed household. And while it might be your
Evor-Lite site. Source: Eavor Technologies Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included participation from BP Ventures and Chevron Technology Ventures as big oil companies increase investments in renewable energy. Geothermal power is renewable energy produced from underground heat. The U.S. Department of Energy calls geothermal a “vital
Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir reported a loss for the fourth quarter of 2020, while revenue beat analysts’ expectations in its earnings
An aerial view over downtown West Palm Beach, where RH in December 2017 opened an 80,000-square-foot, mansion-like store with a rooftop restauratnt. Source: Indiehouse Films WEST PALM BEACH, Fla. — Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida in droves. Some are taking
AleksandarNakic Presidents’ Day is meant to honor our country’s greatest leaders. This year, it also represents another day off from school when parents are already stretched to the limit, juggling work and family obligations amid the coronavirus pandemic. Nearly one year since the Covid-19 outbreak began, mothers and fathers who are currently working remotely increasingly are
First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief for the jobs market. The total for the week ended Feb. 6 was above the 760,000 forecast from economists surveyed by Dow Jones but a slight decrease from the previous week’s upwardly revised total of 812,000. The pandemic era
We’re sisters who grew up financially insecure. Today, each of us has a net worth of six figures and we teach others about how to build wealth through our financial education company Winenance. While we are now on the road to financial independence, this wasn’t always the case. Here’s how we got started and our top
Pedestrians walk in snow past the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of extended trading Monday evening after finishing strong last week. Dow futures rose 180 points, suggested an implied open
Critical care workers insert an endotracheal tube into a coronavirus disease (COVID-19) positive patient in the intensive care unit (ICU) at Sarasota Memorial Hospital in Sarasota, Florida, February 11, 2021. Shannon Stapleton | Reuters Some Covid-19 patients are experiencing shortness of breath, fatigue, headaches and “brain fog” for months to nearly a year after their
Watch Parts 1 and 2 here: https://www.youtube.com/playlist?list=PLqq4LnWs3olWZfE2J2rlb-vOq0c-U23nZ As artists make less money in the online marketplace, some are skipping labels entirely and going straight to fans in a bid to build loyalty, hawk merchandise… and of course, sell music. This episodes explores the rise of streaming platforms like Spotify, Apple Music, Pandora and others as
President Joe Biden holds a meeting with US Senators about infrastructure improvements in the Oval Office of the White House in Washington, DC, February 11, 2021. Saul Loeb | AFP | Getty Images Covid-relief plan Biden’s stimulus plan, currently being debated in Congress, calls for $1,400 in direct payments to most Americans and an increase
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