Bernie Sanders in Manchester, New Hampshire, February 4, 2020. Brendan McDermid | Reuters Sen. Bernie Sanders is once again asking corporations to raise their employees’ wages. The Vermont independent and a group of congressional Democrats put forward a bill Wednesday to hike taxes on companies that pay their chief executive […]
CNBC News
Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds
A view of the Morgan Stanley offices in Canary Wharf, London, U.K. iStock Editorial | Getty Images Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively. The investment bank, a giant in the wealth management with $4 […]
S&P 500 falls led by tech shares before an update from the Fed
U.S. stocks fell Wednesday as investors await the outcome from the Federal Reserve’s two-day policy meeting and comments from Fed Chair Jerome Powell later in the day. The S&P 500 traded 0.4% lower. The Nasdaq Composite lost 1.1% as technology shares got hit by rising bond yields again. Apple, Alphabet, […]
China critic Katherine Tai is set to be confirmed as Biden’s U.S. Trade Representative
Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of Ambassador, in Washington, DC February 25, 2021. Bill O’Leary | Pool | Reuters Katherine Tai, a critic of China’s trade practices, is set to be confirmed Wednesday […]
Amazon is expanding Amazon Care telehealth service nationally for its employees and other companies
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019 Clodagh Kilcoyne | Reuters Amazon is rolling out its telehealth service known as Amazon Care for its employees in all 50 states starting this summer with plans to expand it to other […]
Plug Power dives after announcing it will restate financial results
Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Shares of Plug Power dropped more than 15% during premarket trading on Wednesday after the company said it will restate financial results following accounting errors. In a filing with the Securities and Exchange Commission on Tuesday evening, the fuel […]
Snap acquires Berlin company that helps online shoppers pick clothes that fit properly
Evan Spiegel Ray Tamarra | Getty Images Snap has acquired a Berlin-based firm that helps consumers pick the right size of clothing when they shop online, the social media company said Wednesday. The companies did not disclose the size of the deal. Fit Analytics is the maker of a product […]
How Subaru went from cheap and ugly to hugely successful
When Subaru entered the United States in the 1960s it was panned by critics, and actually advertised its own cheap ugliness. Over the next several decades it would become a highly successful brand through a combination of offbeat but practical cars and a relentless focus on understanding its own customers. […]
Lands’ End shares jump on earnings beat, retailer’s better-than-expected outlook
A woman shops for Lands End brand sweaters in Niles, Illinois. Tim Boyle | Getty Images Lands’ End shares jumped nearly 7% in premarket trading Wednesday after the apparel and home-goods retailer reported fourth-quarter earnings and sales that topped analysts’ estimates. It also offered a better-than-expected outlook for the current […]
Stocks making the biggest moves in the premarket: Lands’ End, CrowdStrike, Plug Power & more
Take a look at some of the biggest movers in the premarket: Lands’ End (LE) – The apparel retailer reported quarterly earnings of 60 cents per share, topping the 56 cents a share consensus estimate. Revenue also topped analysts’ forecasts. Lands’ End forecast a smaller-than-expected loss for the current quarter […]