Futures tied to major U.S. equity averages held steady in overnight trading on Thursday as investors awaited a key monthly jobs report. Dow Jones Industrial Average futures dipped just about 20 points. The S&P 500 and the Nasdaq 100 futures were little changed. It’s widely expected that the labor market’s […]
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Jim Cramer says his Covid-19 stock picks can still lead the market higher
The stay-at-home plays led the stock market higher Thursday as lawmakers continued to bicker over what to include in a new coronavirus response package, CNBC’s Jim Cramer said after the market closed. The market managed to climb higher, despite no significant developments coming out of Washington, D.C. nor on the […]
Uber ride-sharing revenue plummets, food delivery more than doubles
Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Spencer Platt | Getty Images Uber just reported second quarter results including revenue that beat analysts’ expectations but declined by about 29% from $3.17 billion during the same period […]
Best Buy’s health chief to step down, will remain an advisor as company pursues long-term ambitions
Shoppers at a Best Buy store in New York. Bebeto Matthews | AP An executive who led Best Buy‘s efforts to expand in health-care and connected devices is stepping down from his role, the retailer confirmed to CNBC on Thursday. Asheesh Saksena, president of Best Buy Health, will leave that post but […]
Trump and RNC expected to raise $15 million in Hamptons fundraising swing
U.S. President Donald Trump pumps his fists at supporters gathered to greet him on the airport tarmac during his arrival at Burke Lakefront Airport in Cleveland, Ohio, U.S., August 6, 2020. Joshua Roberts | Reuters President Donald Trump’s upcoming fundraising swing through the Hamptons is set to raise $15 million […]
Trump’s dream of a ‘V’ recovery is hanging in the balance of stimulus talks
As the White House has continued to push a narrative of a sharp recovery after a history-making recession, the economic data in large part has not been cooperating. Jobs numbers of late are showing progress but pointing to at best a gradual recovery. The sharp uptick in coronavirus cases appears […]
Markets see a lot at stake in July payrolls report Friday
Dana assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, as the auto industry begins reopening amid the coronavirus disease (COVID-19) outbreak, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters As Congress haggles over stimulus to help […]
Nintendo reports wild 428% jump in profits, thanks to pandemic gaming: CNBC After Hours
CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, the After Hours team dives into Nintendo’s eye-popping profits, and explores the effect of the pandemic on the future of gaming. Plus, CNBC’s Robert Frank explains Senator Bernie Sanders’ latest wealth tax proposal on billionaires. 11:44 […]
Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion
In this screengrab taken from a berniesanders.com webcast, Democratic presidential candidate Sen. Bernie Sanders (I-VT) talks about his plan to deal with the coronavirus pandemic on March 17, 2020 in Washington, D.C. Businesses are being severely impacted, schools are closing temporarily and large events are being postponed as the COVID-19 […]
Uber revenue drops 29% but delivery bookings double
Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Spencer Platt | Getty Images Uber just reported second quarter results including revenue that beat analysts’ expectations but declined by about 29% from $3.17 billion during the same period […]