Hong Kong police control access to a street in the central Mongkok neighborhood during the demonstrations in response to China’s national security law. SOPA Images Hong Kong holds elections for the city’s legislature on Sunday — the first for the Legislative Council since the central government in Beijing led an […]
CNBC News
China and Russia show solidarity, but likely won’t support each other militarily, analysts say
Russia’s President Vladimir Putin and China’s President Xi Jinping (L-R on the screen) shake hands during an official ceremony, via teleconference, to launch Russian gas supplies to China via the eastern route. Mikhail Metzel | TASS | Getty Images BEIJING — International pressure may have pushed China and Russia closer […]
Peloton removes viral Chris Noth ad after sexual assault allegations against him surface
Chris Noth appears in a Peloton ad after his character on the Sex in the City reboot was killed off after using a Peloton. Source: YouTube Peloton removed a viral ad starring Chris Noth from its social media accounts after sexual assault allegations against the “Sex and the City” actor surfaced […]
CDC recommends Pfizer, Moderna vaccines over J&J shots for adults due to rare blood clot cases
The Centers for Disease Control and Prevention on Thursday recommended Pfizer’s and Moderna’s vaccines over Johnson & Johnson’s shot for adults, after finding dozens of people developed a rare blood clot condition following vaccination with J&J shots. All of those patients were hospitalized, and nine died. The CDC has confirmed […]
Prosecutor in Theranos case closes by telling jury that Elizabeth Holmes ‘chose fraud over business failure’
Theranos founder and former CEO Elizabeth Holmes goes through a security checkpoint as she arrives at the Robert F. Peckham Federal Building on December 16, 2021 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — In his last effort to persuade the jury that Elizabeth Holmes […]
Adobe CEO blames timing and foreign exchange for low guidance after shares tank
Adobe Chairman and CEO Shantanu Narayen on Thursday expressed confidence about the company’s future, telling CNBC’s Jim Cramer that the software maker’s weaker-than-expected forward guidance does not signal problems for its business. Narayen’s comments on “Mad Money” came shortly after Adobe shares tumbled 10.2% in Thursday’s session, as investors responded […]
Jim Cramer rips SPACs, urges investors to avoid the blank-check companies right now
CNBC’s Jim Cramer on Thursday implored viewers to steer clear of special purpose acquisition companies right now, suggesting there’s too much risk for retail investors because of the structure of the transactions. “The SPAC deals keep coming because they’re a great way for institutional money managers to get a guaranteed […]
Apple delays return to corporate offices indefinitely
An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple told corporate staff this week that it is delaying a planned return to U.S. offices until an undetermined date, according to reports from Bloomberg […]
Jim Cramer says the ‘universe of potential winners’ has shrunk and investors need to be picky
Investors need to be pickier as a result of the Federal Reserve’s plan to expedite tightening of monetary policy, CNBC’s Jim Cramer said Thursday. “While the universe of potential winners has gotten smaller, there are still tons of groups that work,” the “Mad Money” host said, shortly after the tech-heavy […]
Rivian shares slide after company cuts 2021 EV production expectations
Shares of Rivian Automotive plummeted 10% in after-hours trading Thursday after CEO RJ Scaringe and other executives reported a surge in customer reservations but cut vehicle production expectations for the year. Rivian said it expects to fall “a few hundred vehicles short” of its 2021 production target of 1,200 vehicles. […]