Former President Donald Trump sits in the courtroom for the third day of his civil fraud trial in New York, Oct. 4, 2023. Angela Weiss | AFP | Getty Images Lawyers for Donald Trump may ask a New York appeals court to pause his ongoing $250 million business fraud trial […]
CNBC News
Arizona Coyotes local games move to broadcast networks – the latest big shift in sports TV
Barrett Hayton #29 of the Arizona Coyotes skates against the Dallas Stars at the American Airlines Center on December 6, 2021 in Dallas, Texas. Glenn James | National Hockey League | Getty Images The Arizona Coyotes are skating to a new TV home for local games – showcasing the pressure […]
Here’s what you need to know about the big jobs report Friday
Columbia South Carolina, Chick-fil-A, fast food restaurant with sign advertising $15 an hour to be hospitable. Jeff Greenberg | Universal Images Group | Getty Images A strong jobs market could equal a weak stock market if current trends hold up. Friday’s nonfarm payrolls report will provide a major test for […]
SEC sues to force Elon Musk to testify in Twitter probe
The U.S. Securities and Exchange Commission sued Elon Musk on Thursday in an effort to compel the billionaire to testify over his purchase of Twitter last year. Attorneys representing the SEC alleged in a complaint filed in the Northern District of California that Musk failed to appear for a Sept. […]
Hyundai and Kia to adopt Tesla’s EV charging tech next year
TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images Hyundai Motor and Kia announced Thursday they will soon adopt Tesla’s electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States. Hyundai and Kia join others like […]
Happy meal? Steady demand for french fries is good news for U.S. economy
Image source: Jaromila | E+ | Getty Images Consumers are still splurging for a side of fries with their meals. That can have a positive read-through for the economy. Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals — […]
Ken Griffin’s hedge fund Citadel bucks the downtrend in September, up nearly 13% this year
Ken Griffin, founder and CEO of Citadel, at CNBC’s Delivering Alpha summit on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s flagship hedge fund rallied last month when the broader market was rattled by tight monetary policy as well as rising recession fears, according to a person […]
Eli Lilly is on a buying spree. Here’s what it means for investors like us
Eli Lilly (LLY) is wisely broadening out its drug pipeline through a series of acquisitions of smaller companies – the most recent of which was disclosed earlier this week and should strengthen the Club holding’s efforts to develop cancer treatments. Lilly’s planned $1.4 billion deal to buy Point Biopharma (PNT), […]
Trump seeks dismissal of D.C. election interference case, cites ‘presidential immunity’
Former U.S. President Donald Trump gestures at a Manhattan courthouse, where he attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023. Brendan Mcdermid | Reuters Donald […]
GM’s stock hits three-year low amid UAW strike, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors’ stock price fell below $30 a share Thursday for the first time in more than three years amid ongoing strikes by the […]