President Joe Biden urged railway executives and union leaders to be creative and flexible in finding a compromise to avoid a shutdown that could have disrupted the transport of goods across the U.S., White House Press Secretary Karine Jean-Pierre said. “The president’s message — it was very clear — we […]
CNBC News
Cramer: Here’s why I bought 2-year Treasurys for my personal portfolio
CNBC’s Jim Cramer told his Investing Club members Thursday that he personally bought 2-year Treasury notes — because for the first time in a really long time, the yields are more competitive with stock returns, especially when factoring in the risk-free nature of government-backed bonds. Before we get any further, […]
$20 billion Figma deal is a historic coup for startup investors in an otherwise miserable year
Adobe is paying 2021 prices. It’s 2022. Wall Street hates it. Silicon Valley is thrilled. In a year that’s featured exactly zero high-profile tech IPOs and far more headlines about mass layoffs than big funding rounds, Adobe’s $20 billion acquisition of Figma on Thursday is what some might call a […]
Billionaire Jim Koch says his Harvard MBA didn’t prepare him to launch Sam Adams: Experience can ‘be a lot more important than intelligence’
When Jim Koch launched the Sam Adams brewery from his family’s kitchen in 1984, he had multiple Harvard University degrees and several years experience at a high-paying consulting gig. But that strong business background didn’t prepare him for everything he’d need to know to launch a business, he says — […]
Frontier Airlines recently held talks with SpaceX about adding Starlink Wi-Fi
A Frontier Airlines airplane taxis to a gate at Denver International Airport in Denver, Colorado, U.S., on Monday, Feb. 7, 2022. Michael Ciaglo | Bloomberg | Getty Images Frontier Airlines “recently” held discussions with SpaceX about adding its Starlink satellite internet service to its planes and is more hopeful about […]
Bed Bath & Beyond is closing about 150 stores. Here’s a map of ones on the list so far
Bed Bath & Beyond has announced dozens of the roughly 150 stores it plans to close. The struggling home goods retailer released its plans last month to shutter the “lower producing” locations, representing about 20% of its namesake stores. The closures are part of a broader plan to try to […]
Stocks making the biggest moves midday: Netflix, Adobe, Wynn Resorts, Humana and more
Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and said its stock could rally more than […]
Roger Federer, Swiss tennis great, announces he’s leaving the sport
Roger Federer of Switzerland waves to the crowd after victory in his Gentlemen’s Singles Fourth Round match against Roberto Bautista Agut of Spain during day seven of the Wimbledon Lawn Tennis Championships at the All England Lawn Tennis and Croquet Club on July 6, 2015 in London, England. Julian Finney […]
Adobe shares plunge on deal to acquire design platform Figma for $20 billion
Shantanu Narayen, CEO of Adobe Systems Inc. David Paul Morris | Bloomberg | Getty Images Adobe announced Thursday that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock. Shares of Adobe sank 17%, their biggest plunge since 2010. Figma, founded in […]
Apple Watch review: Series 8 isn’t worth an upgrade. The SE is the best value
Apple Watch Series 8 and SE (second generation). Sofia Pitt I’ve been testing the new Apple Watch Series 8 and Apple Watch SE second generation ahead of its release Friday. If you already have an Apple Watch, the $399 Series 8 doesn’t have enough new features to justify an upgrade. […]