A Sheriff’s deputy takes an employee’s temperature as at Las Colinas women’s Detention Facility in Santee, California on Wednesday, April22, 2020. Sandy Huffaker | AFP | Getty Images The fast-spreading delta variant ripped through a federal prison in Texas over the summer, infecting both the unvaccinated and fully vaccinated populations, […]
CNBC News
The Fed likely will wait until November for taper announcement, CNBC survey indicates
The taper announcement cometh, but just not this week, according to the CNBC Fed Survey. The survey of 32 market participants shows they expect the Federal Reserve to announce a reduction in its $120 billion in monthly asset purchases in November and begin to taper in December. The Fed is […]
Dow seesaws back into positive territory in volatile session
U.S. stocks rebounded on Tuesday as investors bought the dip a bit following the S&P 500’s worst day since May. Gains were kept in check as investors awaited the end of the Federal Reserve’s two-day meeting, which kicked off Tuesday. The Dow Jones Industrial average rose 113 points, or 0.3%. […]
Biden vows a new era of ‘relentless diplomacy’ as the world contends with Covid, climate change and China
U.S. President Joe Biden speaks during the 76th Session of the U.N. General Assembly in New York City, U.S., September 21, 2021. Eduardo Munoz | Reuters WASHINGTON – President Joe Biden defended his decision to end America’s longest war in Afghanistan in his address to the United Nations on Tuesday, […]
JPMorgan Chase is buying college financial aid platform Frank to deepen ties with students
Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial […]
Dow rebounds from Monday’s rout, gaining more than 200 points
U.S. stocks rebounded on Tuesday as investors bought the dip a bit following the S&P 500’s worst day since May. Gains were kept in check as investors awaited the end of the Federal Reserve’s two-day meeting, which kicked off Tuesday. The Dow Jones Industrial average rose 234 points, or 0.7%. […]
DraftKings makes $20 billion offer for UK sports betting company Entain, sources say
Omar Marques | LightRocket | Getty Images DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the sources. The U.K. gaming […]
Google plans to buy New York office building for $2.1 billion
A person in a mask walks by the New York Google offices after they announced they will postpone their reopening in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Google plans to […]
McDonald’s pledges to offer more sustainable Happy Meal toys worldwide by the end of 2025
A photo illustration of a Happy Meal at McDonald’s on November 3, 2010 in San Francisco, California. David Paul Morris | Getty Images News | Getty Images McDonald’s is pledging to offer sustainable Happy Meal toys made with dramatically less plastic by the end of 2025. The fast-food giant said […]
Uber shares jump 6% as it revises its outlook higher
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber on Tuesday revised its financial outlook for the third quarter, with bookings and adjusted earnings now expected to be better than first reported. The […]