Former Obama defense official Evelyn Farkas told CNBC that she doesn’t think the Russian government will stop state-sponsored cyberattacks against the U.S., despite President Joe Biden’s meeting with Russian President Vladimir Putin in Geneva on Wednesday. “There are Russian state-sponsored cyberattacks … hacking and weaponizing information, and getting involved in […]
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Jim Cramer says investors should ‘stay the course’ after Fed Chair Powell’s policy outlook
CNBC’s Jim Cramer said Wednesday that investors do not need to make major changes to their strategy as a result of Federal Reserve Chairman Jerome Powell‘s closely watched news conference. “Arguably, you don’t need to do a thing,” the “Mad Money” host said after parsing through Powell’s comments earlier in […]
WHO says delta Covid variant has now spread to 80 countries and it keeps mutating
A mobile Covid-19 vaccination centre outside Bolton Town Hall, Bolton, where case numbers of the Delta variant first identified in India have been relatively high. Peter Byrne | PA Images | Getty Images The delta Covid variant, first detected in India, has now spread to more than 80 countries and […]
10 GOP senators back bipartisan infrastructure plan, boosting its chances of moving forward
Senator Mitt Romney, a Republican from Utah, arrives to a luncheon on Capitol Hill in Washington, D.C., on Wednesday, June 16, 2021. Sarah Silbiger | Bloomberg | Getty Images Ten Republican senators support a bipartisan infrastructure framework, enough for a potential bill to get through the chamber if all skeptical […]
Microsoft CEO Satya Nadella named chairman of the board
Satya Nadella speaking at the 2016 World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Microsoft said Wednesday that CEO Satya Nadella is becoming the chair of the company’s board, replacing independent director John Thompson, following a unanimous vote of the software company’s board. The change reflects the […]
The IPO market has hit records this year. Here are the recent debuts to watch
It’s been a record-breaking year for companies making their public debuts on Wall Street — and it’s only June. Low interest rates and a boom in special purpose acquisition companies, or SPACs, often referred to as blank-check companies, have accelerated the IPO and direct-listing craze this year. Some of the […]
CureVac shares tank 50% after preliminary data shows Covid vaccine is only 47% effective
A volunteer receives a dose of CureVac vaccine or a placebo during a study by the German biotech firm CureVac as part of a testing for a new vaccine against the coronavirus disease (COVID-19), in Brussels, Belgium March 2, 2021. Yves Herman | Reuters CureVac stock plunged 50% in extended […]
Amazon asks social media companies to help it root out fake reviews
An Amazon.com delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images Amazon is appealing to social media companies to help curb the spread of fake reviews on its site. In a blog […]
Dow falls 260 points after Fed signals 2 rate hikes in 2023
U.S. stocks dropped Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will next hike interest rates. The Dow Jones Industrial Average closed down 265.66 points, or 0.8%, at 34,033.67. The blue-chip average turned sharply lower after the Fed’s statement, falling […]
GM expects inflation, semiconductor shortage to add $3 billion in extra costs in second half
Brand new Chevrolet cars are displayed on the sales lot at Stewart Chevrolet on May 14, 2021 in Colma, California. Justin Sullivan | Getty Images General Motors expects the ongoing semiconductor chip shortage and rising inflation to increase its expenses during the second half of the year by up to […]