Former Vice President Al Gore speaks during the Agriculture Innovation Mission (AIM) for Climate Summit at the JW Marriott on May 08, 2023 in Washington, DC. Chip Somodevilla | Getty Images Former Vice President Al Gore is leaving the Apple board in February after more than 20 years, the company […]
CNBC News
What to expect from Wells Fargo earnings Friday — and the banking sector in 2024
This year is shaping up to be a better time for bank stocks than in 2023. But, investors shouldn’t get too excited ahead of earnings season. Club name Wells Fargo will deliver fourth-quarter results before the opening bell on Friday. Our other financial holding, Morgan Stanley , will report on […]
Discord cuts 17% of workforce, joining growing list of tech companies downsizing to start 2024
The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland, on April 3, 2021. Jaap Arriens | NurPhoto | Getty Images Discord will lay off 17% of the company’s workforce, which equates to 170 employees, a spokesperson confirmed Thursday. The company, which provides a popular […]
DraftKings, FanDuel launch mobile sports betting in Vermont as industry keeps booming
FanDuel, DraftKings and other online gambling apps are displayed on a phone in San Francisco, on Sept. 26, 2022. Jeff Chiu | AP Vermont launched mobile sports betting Thursday, becoming the latest state to jump into the booming industry. Gov. Phil Scott signed a bill in June authorizing mobile sports […]
Panama Canal drought forces Maersk to start using ‘land bridge’ for Oceania cargo
View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one of the main lakes that supplies water to the locks of the Panama Canal and is at its lowest level […]
Bitcoin mining stocks tumble after the cryptocurrency briefly touches $49,000
Bloomberg | Bloomberg | Getty Images Bitcoin miners fell Thursday, giving back earlier gains, as the price of the cryptocurrency retreated in volatile trading following the U.S. Securities and Exchange Commission’s approval of the first U.S. spot bitcoin exchange-traded funds. The two biggest mining stocks, Marathon Digital and Riot Platforms, lost 12% and 15%, […]
Bitcoin rallies to 2-year high of $49,000 then fizzles as crypto ETFs debut
Bitcoin rose in volatile trading Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency was last up 1% at $46,289.15, according to Coin Metrics. Earlier, it punched above $49,000, reaching levels not seen […]
CVS to close ‘select’ pharmacies in Target stores in the coming months
CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The closures will begin in February and finish by the end of April, the spokesperson said in a statement. She added […]
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first […]
Amazon’s Audible unit lays off about 5% of staff
Amazon‘s Audible division is cutting approximately 5% of its staff in an effort to position the unit “for continued success,” the executive overseeing the division told employees Thursday. “We did not take this route without considerable thought,” Audible CEO Bob Carrigan wrote in a memo to staffers that was viewed […]