In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton sweetened incentives for its workers with one-time cash bonuses and changes to its stock compensation plan as it fights to hold onto employees and fix its struggling business, […]
CNBC News
Apple introduces Lockdown Mode to protect iPhones from state-sponsored hacking
Apple CEO Tim Cook delivers a keynote during the European Union’s privacy conference at the EU Parliament in Brussels, Belgium October 24, 2018. Yves Herman | Reuters Apple announced a new feature for iPhones called Lockdown Mode on Wednesday to protect high-profile users such as politicians and activists against state-sponsored […]
Dow slips 100 points as investors monitor recession signals, falling oil prices
U.S. stocks fell slightly on Wednesday as the market struggled to hold onto its gains from a late rally in the prior session. The Dow Jones Industrial Average shed 134 points, or about 0.4%. The S&P 500 and Nasdaq Composite were each down about 0.4%. Energy stocks were some of […]
Job openings fell in May but still outnumber available workers by almost 2 to 1
People walk past a “Now Hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images Job openings fell sharply in May but still far outnumbered the level of people looking for work, the Bureau of Labor Statistics reported Wednesday. […]
Sen. Lindsey Graham will challenge Georgia grand jury subpoena in Trump election interference probe
U.S. Senator Lindsey Graham (R-SC) speaks during the third day of Senate Judiciary Committee confirmation hearings on Judge Jackson’s nomination to the U.S. Supreme Court, on Capitol Hill in Washington, March 23, 2022. Kevin Lamarque | Reuters Republican Sen. Lindsey Graham of South Carolina will challenge a grand jury subpoena […]
Toyota hits sales milestone for electric vehicles, joins Tesla and GM in losing tax incentives for buyers
A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phase out of U.S. tax credits of up to $7,500 for people who buy the cars. […]
Biden administration plans to make sweeping changes to ‘broken’ student loan system
The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Biden administration announced on Wednesday that it was moving to make sweeping changes to the federal student loan system, including making it easier for public servants to get debt forgiveness and setting […]
Stocks are little changed as investors monitor recession signals, falling oil prices
U.S. stocks hovered near the flat line on Wednesday after the market staged a big midday reversal on Tuesday. The Dow Jones Industrial Average gained 47 points, or nearly 0.2%. The S&P 500 and Nasdaq Composite gained about 0.1% each. Investors appeared to be drifting back into defensive stocks on […]
Judge holds real estate giant Cushman & Wakefield in contempt in NY probe of Trump Organization
New York State Attorney General, Letitia James, speaks during a news conference, to announce criminal justice reform in New York City, May 21, 2021. Brendan McDermid | Reuters A New York judge held real estate services giant Cushman & Wakefield in contempt of court for refusing to comply with subpoenas […]
S&P 500 futures fall slightly after a late day rally and ahead of Fed minutes
U.S. equities futures were moderately lower on Wednesday morning after the market staged a big midday reversal on Tuesday, with falling bond yields giving a boost to growth stocks, and ahead of a batch of economic data. Futures tied to the Dow Jones Industrial Average were down 90 points, or […]