Image Source | Getty Images Inflation is quickly raising prices for households in core areas of their monthly budgets — energy, food and housing. That’s making it hard for consumers to avoid a financial hit, even as wages are also rising at their fastest clip in years. But there are […]
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Stripe teams up with major tech companies to commit $925 million toward carbon capture
Pods, operated by Carbfix, containing technology for storing carbon dioxide underground, in Hellisheidi, Iceland, on Tuesday, Sept. 7, 2021. Startups Climeworks AG and Carbfix are working together to store carbon dioxide removed from the air deep underground to reverse some of the damage CO2 emissions are doing to the planet. […]
Stocks give up earlier gains and turn negative as traders assess latest inflation data
Stocks fell on Tuesday, after an early morning bounce gave way to selling as investors weighed the latest U.S. inflation data. The report showed another sharp increase in prices for last month. The Dow Jones Industrial Average traded 154 points lower, or 0.5%, deepening losses in the final hour of […]
Stocks rebound on hope inflation is peaking
Stocks rose Tuesday, boosted by data showing that so-called core inflation rose slightly less than expected last month. The Dow Jones Industrial Average gained 83 points, or 0.2%. The S&P 500 jumped 4%. The Nasdaq Composite climbed 0.6%, after falling more than 2% in the prior session as tech stocks […]
EV maker Lucid debuts its latest Tesla rival, a high-performance luxury sedan with a 446-mile range
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric-vehicle maker Lucid is debuting a new edition of its popular and powerful Air luxury sedan. The Lucid Air Grand Touring Performance, announced Tuesday, will ship with 1,050 horsepower […]
Airfare surged 20% over pre-pandemic levels in March as inflation hit vacations
Travelers wait in line at the Delta Air Lines check-in area at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images Airfare is surging as higher fuel prices and strong travel demand drive up the cost of […]
CNN+ struggles to lure viewers in its early days, drawing fewer than 10,000 daily users
People walk by the world headquarters for the Cable News Network (CNN) on March 15, 2022 in Atlanta, Georgia. Anna Moneymaker | Getty Images Fewer than 10,000 people are using CNN+ on a daily basis two weeks into its existence, according to people familiar with the matter. The people spoke […]
Stocks making the biggest moves midday: Chipotle, PG&E, Marathon Oil and CarMax
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares dipped more than 8% after reporting a beat on […]
CrowdStrike shares rise on Goldman Sachs upgrade
George Kavallines | CNBC Shares of cybersecurity firm CrowdStrike rose 5% Tuesday morning after Goldman Sachs upgraded the stock to buy and raised its price target to $285 per share from $241. The stock, down 26% from its 52-week closing high in November, has rerated lower over the past seven […]
Stocks rebound on hope inflation is peaking, Nasdaq adds 1%
Stocks rose Tuesday, boosted by data showing that so-called core inflation rose slightly less than expected last month. The Dow Jones Industrial Average gained 283 points, or 0.8%. The S&P 500 jumped 1%. The Nasdaq Composite climbed 1.5%, after falling more than 2% in the prior session as tech stocks […]