business news

CNBC's Jim Cramer on Friday warned investors that stock of some newer companies that saw smashing success during the pandemic are continuing to come down, and this may just be the beginning."When your stock doesn't have any dividend…

In an aerial view, a container ship sits docked at the Port of Oakland on May 20, 2022 in Oakland, California.Justin Sullivan | Getty ImagesA crucial port workers union is shifting a planned work stoppage to daytime hours June 20 at the…

Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019.Bloomberg /GettyTesla just filed its annual proxy statement with the SEC and revealed it plans a three-for-one stock split, and…

Netflix's revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several…

Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since 1981, the Bureau of Labor Statistics reported Friday.The consumer price index, a wide-ranging measure of goods and services…

Apple Pay Later will let users pay for things over four equal installments.Jakub Porzycki | Nurphoto | Getty ImagesAMSTERDAM — Apple's move into the crowded "buy now, pay later" space has raised the stakes for the fintech companies that…

India will need to make a "growth sacrifice" to contain inflation, a JPMorgan economist told CNBC on Thursday.On Wednesday, the Reserve Bank of India raised the repo rate, or the rate at which banks borrow from the central bank, by a…

Traders on the floor of the NYSE, June 8, 2022.Source: NYSEStock futures moved slightly higher on Thursday evening ahead of a highly anticipated inflation report.Futures tied to the Dow Jones Industrial Average added 43 points, or a…

Greenlight Capital's David Einhorn said he's doubtful that the Federal Reserve will be successful in its battle against surging inflation, adding he sees a strong case for gold down the line. "The Fed is bluffing," Einhorn said Thursday…

The pace of biotech deals is likely to pick up, but investors should think about smaller targets, said Wells Fargo analyst Mohit Bansal. Bansal called out both enticing valuations for small- and mid-cap biotech companies, which are now…