Bob Pisani, CNBC Scott Mlyn | CNBC Thinking of writing a book? You might want to reconsider. On Monday, a federal judge blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that joining the two giant publishing houses would lessen competition for top-selling books. As an author, I agree
Month: November 2022
When Colin and Jenoa Matthes left their home state of Utah to embark on a world tour in 2019, they found themselves drawn to the food scenes in places like France and Italy. “We really loved, especially, the food in all of these different countries … and how local and specialized they were in different
GP: JPMorgan office S3studio | Getty Images News | Getty Images SINGAPORE — Banks have to prioritize consumer protection as they embark on digital asset experiments, said Umar Farooq, chief executive officer of JPMorgan’s blockchain unit Onyx. Many blockchain projects and other crypto protocols have the potential to make financial services more efficient, accessible and
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Coinbase reported user numbers that topped analysts’ estimates even as third-quarter revenue missed estimates and the cryptocurrency exchange had a wider-than-expected loss.
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by U.S. customers spending more on iced coffee drinks and Pumpkin Spice Lattes. The Seattle-based coffee company also said U.S. traffic improved in the quarter, and has nearly bounced back to 2019
SKLA | iStock | Getty Images Close to 26 million Americans have applied for student loan forgiveness, and the Biden administration has already approved 16 million of the requests, the White House said Thursday. Yet its entire loan cancellation plan could be in jeopardy due to the legal challenges brought by Republicans, it warned. “If
A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Fidelity Investments is launching a commission-free crypto trading product for retail investors. The firm, one of the largest brokerages in the world handling $9.9 trillion in assets, opened an early-access waitlist to users Thursday morning. The service, called
George Soros, chairman of Soros Fund Management Nelson Ching | Bloomberg | Getty Images America’s billionaires spent a record $880 million on the U.S. midterm elections so far, with most of their spending favoring Republicans, according to a new report. Billionaire spending is up 44% over the 2018 midterms, and is expected to approach $1
In this article PTON TAL TPX QCOM ROKU Follow your favorite stocksCREATE FREE ACCOUNT Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday trading Thursday. Under Armour — Shares of the athletic apparel maker
In this article ATUS Follow your favorite stocksCREATE FREE ACCOUNT Igor Golovniov | Lightrocket | Getty Images Altice USA‘s shares dropped more than 20% and trading in the stock was briefly halted Thursday, after the company posted a weak earnings report. The company, which provides broadband, cable-TV, wireless and phone services, saw its shares sink
In this article AAL UAL DAL LUV Follow your favorite stocksCREATE FREE ACCOUNT Delta Airlines pilots make their way to Terminal 4 to picket for a new contract at JFK International Airport on September 01, 2022 in New York City. Michael M. Santiago | Getty Images U.S. airlines are profitable again, and their pilots want
Starting today, developers can begin building apps with the DALL·E API. Read documentation Developers can now integrate DALL·E directly into their apps and products through our API. More than 3 million people are already using DALL·E to extend their creativity and speed up their workflows, generating over 4 million images a day. Developers can start
FatCamera | E+ | Getty Images For some Medicare beneficiaries, an Advantage Plan ends up not being a good fit. If you’re in this situation and are thinking about dropping your plan to return to basic Medicare — Part A (hospital coverage) and Part B (outpatient services) — there are some things to consider before
After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — China’s decision to maintain Covid controls is pushing companies to look to factories outside the country, according to
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Qualcomm shares fell 7% in extended trading on Wednesday after the chipmaker reported in-line fiscal fourth-quarter earnings but offered poor first-quarter guidance. Qualcomm also said it implemented a hiring freeze at the start of the current quarter. Here’s how the company did: Earnings: $3.13 per
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp. David Paul Morris | Bloomberg | Getty Images Paramount Global and former CBS chief Les Moonves agreed to make additional payments to settle an investigation by the New York State Attorney General’s office, which
The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and
Jayk7 | Moment | Getty Images As we head into the fourth quarter, investors lack much to be excited about. Through Sept. 30, the S&P 500 Total Return Index declined by 23.87%, almost ensuring equity investors won’t enjoy anything close to the 31.4%, 18.4% and 28.7% returns the index delivered in 2019, 2020, and 2021,
The Fed introduced a key change to its policy statement on Wednesday, which Wall Street traders are interpreting as a sign that the central bank could soon slow its rake hikes. Notably, the statement now says that the Fed is considering the “cumulative” impact of its hikes so far. Below is a comparison of Wednesday’s Federal Open
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Tom Cruise in “Top Gun: Maverick” Source: Paramount Paramount Global on Wednesday reported third-quarter revenue that was up 5% from a year ago, but the results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Its shares were down about
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland. Rob Carr | Getty Images Washington Commanders owner Dan Snyder has hired Bank of America to
A specialized woodwind with a wistful yet powerful tone, the oboe is one of the most expensive instruments you can buy. Professional-grade oboes can sell for almost $14,000. That’s more than four times the price of some professional flutes. So, what goes into making oboes? And why are they so expensive? Editor’s Note: The voice
Aggressive, tenacious and litigious Paul Singer may be the most feared investor in the world — by hedge fund rivals, companies and even countries. This is how he made billions through activist investing. Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join QuickTake Originals is Bloomberg’s official premium video channel. We
In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The market expects the Bank of England to raise
The U.S. Treasury Department in Washington. Al Drago/Bloomberg via Getty Images Investors purchased Series I bonds in record numbers from the U.S. Department of the Treasury on Friday, just beating a key deadline to lock in a historically high rate of return. I bonds are a nearly risk-free asset tied to the rate of inflation.
In 1999, director Brad Bird’s movie “The Iron Giant” hit theaters. It was a commercial failure, costing an estimated $70 million to make and earning only $23 million at the box office worldwide. The experience reportedly left Bird wondering if he was cut out to make it in the film industry. He had no idea
In this article AMD Follow your favorite stocksCREATE FREE ACCOUNT AMD shares rose as much as 6% in extended trading on Tuesday after the chipmaker indicated its server chip business will grow in the quarters ahead, even as earnings and quarterly guidance failed to meet Wall Street’s expectations. Here’s how the company did: Earnings: 67
Source: CNBC Standing at one of the five cooking islands in his kitchen, Mick Kittredge rattles off the outsized statistics for his newly listed home. Over 60 acres. Nearly 120,000 square feet of living and recreation space. A total of 14 fireplaces, 25 bathrooms, 16 bedrooms and four tennis courts. The western Massachusetts estate is
In this article IT DECK JNJ ABMD PFE GT Follow your favorite stocksCREATE FREE ACCOUNT A traveller waits for an Uber rider at Midway International Airport on May 09, 2022 in Chicago, Illinois. Uber plans to cut spending and hiring in an attempt slow the company’s plummeting stock price, which is down nearly 50 percent
Skynesher | E+ | Getty Images As inflation has pushed the cost of living higher, those eligible for Social Security retirement benefits may be tempted to claim benefits sooner than they had planned. Social Security beneficiaries stand to get a record 8.7% cost-of-living adjustment in 2023 that will help them contend with higher costs. But