Chesnot | Getty Images Bitcoin continued its surge on Wednesday, shooting above $60,000 for the first time since November 2021. The price of the flagship cryptocurrency was last higher by 6% at $60,391.10, according to Coin Metrics. Earlier, it rose as high as $60,734.42. It’s sitting just below its all-time […]
CNBC News
Novavax misses quarterly estimates, but vaccine maker narrows losses as it slashes costs
Budrul Chukrut | Lightrocket | Getty Images Vaccine maker Novavax on Wednesday reported fourth-quarter revenue and earnings that missed Wall Street’s estimates and reiterated plans to cut costs as it fights to stay afloat. Still, Novavax narrowed its losses in the quarter from the same period a year ago, even […]
TJX tops earnings estimates as holiday sales jump 13%
A HomeGoods shopping cart area in front of a T.J. Maxx store in Pinole, California, US, on Wednesday, May 3, 2023. David Paul Morris | Bloomberg | Getty Images TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Here’s how […]
CNBC Changemakers: Fortune 500 CEOs, Naomi Osaka and Alex Cooper share a success secret
On Wednesday, CNBC is unveiling Changemakers, a new annual list of 50 women who are innovating and transforming business at the largest companies, at startups and at philanthropic organizations. CNBC received 720 nominations and has spent the past several months, with guidance from the Changemakers Advisory Board, evaluating the applicants’ […]
7% interest rates hit weekly mortgage demand hard
Thianchai Sitthikongsak | Moment | Getty Images Higher mortgage rates continue to hit demand from both current homeowners and potential homebuyers. Total mortgage application volume dropped 5.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made to account for […]
AirAsia unit heads for U.S. listing through SPAC deal as CEO says ‘Americans understand branding’
AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on January 8, 2024. Malaysian conglomerate Capital A intends to sell its budget carrier business to medium- to long-haul affiliate AirAsia X in a major consolidation of the country’s airline industry. Arif Kartono | Afp | […]
Russia relishes NATO disarray after hasty denials of plan to deploy ground troops to Ukraine
Russian President Vladimir Putin and Defence Minister Sergei Shoigu attend a wreath-laying ceremony, which marks the anniversary of the beginning of the Great Patriotic War against Nazi Germany in 1941, at the Tomb of the Unknown Soldier by the Kremlin wall in Moscow, Russia June 22, 2022. Mikhail Metzel | […]
Biden to issue executive order aimed at protecting Americans’ sensitive data from China, other ‘hostile countries’
U.S. President Joe Biden and Vice President Kamala Harris meet with (L-R) Senate Minority Leader Mitch McConnell (R-KY), House Speaker Mike Johnson (R-LA), Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY), on February 27, 2024 at the White House in Washington, DC. Roberto Schmidt | Getty […]
Hong Kong property stocks jump after city scraps cooling measures
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high […]
Starbucks to hike wages for some union workers as it thaws relationship with Workers United
A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in […]