Hunter Biden, son of U.S. President Joe Biden, is seen as he makes a surprise appearance at a House Oversight Committee markup and meeting to vote on whether to hold Biden in contempt of Congress for failing to respond to a request to testify to the House last month, on […]
CNBC News
Tesla stock down on Red Sea delays, rising labor costs and price cuts
An employee of the Tesla Gigafactory Berlin-Brandenburg works on a production line of a Model Y electric vehicle. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla closed down more than 3% Friday as the stock faced pressure from supply chain delays due to a crisis in the […]
Tanker companies temporarily halt traffic toward Red Sea after U.S. airstrikes on Houthi militants
An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images Several of the world’s major tanker companies on Friday halted traffic toward the Red Sea after U.S. and British airstrikes on Iran-allied Houthi militants […]
Investors selling Wells Fargo stock after earnings are focusing on the wrong things
Wells Fargo reported better-than-expected quarterly results before the opening bell Friday. We were also happy to see that as of the end of 2023, management has officially delivered on its $10 billion multiyear cost-saving program. However, the stock came under pressure on weaker-than-expected guidance. Total revenue for the three months […]
Corona-maker AB InBev to have first beer sponsorship with the Olympics
Anheuser-Busch InBev has scored a sponsorship for the upcoming Olympic Games, making it the first beer brand to ever sponsor the event. The International Olympic Committee announced its worldwide partnership with the world’s biggest brewing company on Friday, saying the team-up will stretch from the upcoming Paris 2024 Summer games […]
Trump ordered to pay New York Times, three reporters nearly $400,000 in legal costs over dismissed lawsuit
Former U.S. President Donald Trump attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York City, U.S., January 11, 2024. Shannon Stapleton | Reuters A New York judge on Friday ordered Donald Trump to pay The […]
IRS: Taxpayers may avoid a surprise tax bill by making a quarterly payment by Jan. 16
Westend61 | Westend61 | Getty Images The fourth-quarter estimated tax deadline is Jan. 16, and you could have a surprise bill or owe a penalty if you don’t send a payment, according to the IRS. While many employers withhold levies from every paycheck, other income — such as freelancing, small […]
Tanker companies temporarily halt traffic toward Red Sea after U.S. airstrikes on Houthis
An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images Several of the world’s major tanker companies on Friday halted traffic toward the Red Sea after U.S. and British airstrikes on Iran-allied Houthi militants […]
As Amazon, Citigroup and Google open 2024 with layoffs, experts say unemployed workers should take these steps
Jackyenjoyphotography | Moment | Getty Images The start of 2024 has not been kind to workers in industries that opened the year with layoffs. Google has cut several hundred jobs in its central engineering, hardware and assistant teams. Amazon is shedding hundreds of positions across its Prime Video, MGM Studios, […]
Morgan Stanley will pay $249 million to settle criminal, SEC block trade probes
Pawan Passi, former equities executive at Morgan Stanley, arrives at court in New York, US, on Friday, Jan. 12, 2024. Alex Kent | Bloomberg | Getty Images Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities and Exchange Commission […]