Ford Mustang Mach-E is presented at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT – Ford Motor is once again cutting the starting prices of its electric Mustang Mach-E by thousands of dollars, as the automaker increases production […]
CNBC News
Job openings fell more than expected in March to lowest in nearly two years
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023. Elizabeth Frantz | Reuters Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. jobs market is loosening up […]
Home prices are back on the rise as the spring market proves more competitive than expected
A “For Sale” sign outside of a home in Atlanta, Georgia, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images After cooling for the better part of last year, home prices are on the rise again. A sharp drop in new listings, adding to an already meager supply of […]
Chegg shares drop more than 40% after company says ChatGPT is killing its business
James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Chegg shares tumbled after the online education company said ChatGPT is hurting its growth. “In the first part of the […]
Apple and Google team up to stop unwanted AirTag tracking
Apple AirTag Todd Haselton | CNBC Apple and Google said on Tuesday that they were working together to prevent lost item trackers like Apple’s AirTag from being used to track people without their permission. The companies came together to draft a new industry standard that will add the ability to […]
Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs
The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters As Wall Street’s slump in IPOs and mergers deepens this year, top advisory firms including Morgan Stanley, Bank of America and Citigroup have turned to job cuts in recent weeks. Morgan Stanley plans to eliminate roughly […]
Pfizer earnings and revenue top expectations despite Covid vaccine sales decline
Pfizer on Tuesday reported first-quarter revenue and adjusted earnings that topped Wall Street’s expectations, despite a decline in sales driven by the lower demand for the company’s Covid vaccine. The pharmaceutical giant’s stock edged higher in premarket trading Tuesday. Shares are down more than 23% for the year through Monday’s […]
Uber revenue beats expectations and the stock is up
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Shares of Uber popped 9% in premarket trading Tuesday after the company reported first-quarter results that beat analysts’ expectations for revenue. Here’s how the company did: […]
That simple ‘hi’ text from a stranger could be the start of a scam that ends up costing you millions
Halfpoint | Istock | Getty Images The road to Kaimi’s ruin started in December, with an Instagram message about a Japanese monkey from a handsome stranger who called himself Mike. Over the coming months Mike and Kaimi would develop a friendship that quickly evolved into a romance. Kaimi had no […]
‘Other problems might be lurking’: Strategist is unconvinced by Jamie Dimon’s bank crisis comments
Workers are seen inside of a First Republic Bank office on May 01, 2023 in San Francisco, California. Justin Sullivan | Getty Images JPMorgan Chase CEO Jamie Dimon’s assertion that recent turmoil in the banking sector was effectively ended by the resolution of First Republic may be premature, one analyst […]