The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Ministry of Commerce met with foreign businesses in Beijing this week in an effort […]
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Here’s what tech giants are betting on next — from robot dogs to smartphones you can wear on your wrist
Mobile World Congress 2024, the world’s biggest mobile trade show, had a lot of future-looking tech on display. Arjun Kharpal | CNBC The Mobile World Congress, the world’s largest mobile show, is a place where device makers show off some of their latest innovations. And there was quite a lot […]
Shares of NYCB fall more than 20% after bank discloses ‘internal controls’ issue, CEO change
A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024. Spencer Platt | Getty Images Shares of New York Community Bancorp fell more than 20% in extended trading Thursday after the regional lender announced a leadership change and disclosed issues with its internal controls. The […]
Tesla stands to earn billions of dollars a year by opening U.S. charging stations to drivers of Ford and other EVs
A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store in South Burlington, Vermont, June 18, 2023. Robert Nickelsberg | Getty Images As of Thursday, owners of Ford electric vehicles — the Mustang Mach-E and F-150 Lightning — in North America finally have the […]
Death of shipping CEO Angela Chao under ‘criminal investigation,’ Texas sheriff says
Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at a private residence in New York City on Oct. 21, 2010. Patrick McMullan | Getty Images The death earlier this month of Foremost Group CEO Angela Chao, the sister-in-law of Senate Minority Leader Mitch McConnell, is currently under […]
CEO says Hormel Foods is well-positioned as weight-loss drugs grow popular
Hormel Foods CEO Jim Snee told CNBC’s Jim Cramer on Thursday that his company is set up to do well as weight-loss drugs gain popularity, citing a varied “protein portfolio.” “No matter how you think about our portfolio, you’re going to encounter protein, which is a really important part of […]
AI is driving a market bubble that’s unlikely to burst, veteran advisor says
As tech giant Nvidia soars on hype around artificial intelligence, and global stock indexes notch record highs, debate has grown about whether the stock market has entered a “bubble.” That’s generally seen as a period in which asset prices inflate rapidly, potentially beyond their core value — and risk crashing […]
Shares of NYCB fall 18% after bank discloses ‘internal controls’ issue, CEO change
A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024. Spencer Platt | Getty Images Shares of New York Community Bancorp fell 18% in extended trading Thursday after the regional lender announced a leadership change and disclosed issues with its internal controls. The regional bank […]
Outages from Change Healthcare cyberattack causing financial ‘mess’ for doctors
Small private practices and health-care providers are facing mounting financial pressures as crucial reimbursement systems remain down for the ninth day, following the cyberattack on Change Healthcare. Change Healthcare offers tools for payment and revenue cycle management that help facilitate transactions between providers and most major insurance companies. Its parent […]
Snowflake’s Slootman says he’s not worried about employee exodus: ‘This is not a personal cult’
Snowflake Chairman Frank Slootman attends the Snowflake Summit 2022 in Las Vegas on June 14, 2022. Snowflake | Via Reuters News of Snowflake CEO Frank Slootman’s retirement sparked an 18% plunge in the company’s stock price on Thursday, its steepest selloff since the data analytics software vendor debuted on the […]