ThredUp is an online consignment and thrift store. It has struck partnerships with retailers, including Walmart. ThredUP Secondhand apparel has gained popularity among shoppers and now, some want the government to give it a boost. Nearly half of consumers — 44% — think the government should promote a more sustainable […]
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Stock index futures are mildly higher after Nasdaq closes at record
U.S. stock index futures were mildly higher during early morning trading on Wednesday, after the S&P 500 closed shy of a new record on Tuesday. Futures contracts tied to the Dow Jones Industrial Average advanced 82 points. S&P 500 futures and Nasdaq 100 futures both traded in slightly positive territory. […]
Shares in Hong Kong and Taiwan lead gains as Asia markets rise
SINGAPORE — Shares in Asia-Pacific were largely higher in Wednesday trade, following overnight gains stateside that saw the tech-heavy Nasdaq Composite rising to a record high. Hong Kong’s Hang Seng index was among the biggest gainers regionally as it advanced 1.46%. Taiwan’s Taiex also saw robust gains, rising 1.22%. Mainland […]
Senate Republicans block Democrats’ sweeping voting, ethics bill
Senate Republicans blocked a sprawling Democratic voting rights and government ethics bill Tuesday, as federal efforts to respond to a rash of restrictive ballot laws passed by GOP-held state legislatures hit a wall. The For the People Act aims to set up automatic voter registration, expand early voting, ensure more […]
Morgan Stanley will bar workers without Covid vaccinations from most New York offices beginning July 12
Morgan Stanley on Tuesday told its staff that workers and clients who are not vaccinated against Covid-19 will be barred from returning to New York City and Westchester County offices with a large employee presence beginning July 12, CNBC has confirmed. All Morgan Stanley staff in the New York metropolitan […]
Final round of 2021 U.S. Open draws 5.7 million viewers, most-viewed golf event on NBC since 2018
Jon Rahm celebrates with the trophy after winning he U.S. Open golf tournament at Torrey Pines Golf Course. Michael Madrid | USA TODAY Sports | Reuters The 121st U.S. Open Championship at Torrey Pines golf course averaged 5.7 million viewers for the final round on Sunday, according to NBC Sports. […]
Cramer highlights 5 ‘low-effort’ stocks for retail investors
CNBC’s Jim Cramer on Tuesday pointed to a handful of stock ideas that will take little effort to research, understand and follow the underlying companies. He highlighted automaker Ford, big-box retailer Costco, apparel retailer American Eagle Outfitters, internet giant Amazon and tech products maker Apple as “low-effort” stocks that individual […]
Boot Barn CEO says sales boost from return of concerts, rodeos is ‘still in front of us’
Boot Barn President and CEO Jim Conroy told CNBC on Tuesday that the Western-lifestyle retailer has yet to experience the full benefits of the U.S. economy reopening from pandemic-era disruptions. In an interview on “Power Lunch,” Conroy said the return of concerts and rodeos, as well as county and state […]
GlaxoSmithKline investor meeting could set up a buyable dip, Jim Cramer says
CNBC’s Jim Cramer gave investors a primer on what to watch for when pharmaceutical giant GlaxoSmithKline holds an investor day Wednesday morning. The British-based company currently pays out a 5.56% dividend to shareholders as CEO Emma Walmsley leads a reshuffling in the business. “If the rumors are true and GlaxoSmithKline really […]
Crypto selling is an opportunity, two traders say. What they would be buying
Cryptocurrencies are in for another volatile week. The price of bitcoin swung below the psychologically important $30,000 mark and briefly went negative for the year on Tuesday before mounting a significant rebound, the latest in a series of wild moves this month. Other major digital currencies including ethereum and litecoin […]