Latest business News

Multiple Orange Line Trains Vandalized, MBTA Says

Multiple Orange Line trains were temporarily taken out of service Thursday after being vandalized overnight, the MBTA said.

RH shares slide after company lowers its outlook for the year

High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue.

Vehicle quality drops to lowest level ever in new JD Power survey

Electric vehicles are ranking lowest in JD Power’s latest initial quality study. Polestar and Tesla have the most problems, and the rest of the industry is having issues with CarPlay connectivity and supply chain issues.

Fourth of July travel: Over 2K flights already disrupted Wednesday

Travelers are still facing mass flight cancellations and delays are the industry continues to battle a staffing shortage just ahead of the Fourth of July weekend.

Longtime Google exec Nick Fox to lead commerce business following Ready's departure to Pinterest

Google's commerce head announced he was leaving to lead Pinterest.

Construction begins on "Mammoth" direct air capture plant

Climeworks’ direct air capture (DAC) operation in Iceland is in the middle of a big growth spurt with the construction of its new DAC plant Mammoth. But the DAC industry still has a long way to go to have a significant impact on climate change.

Amazon limits sales of Plan-B contraceptives amid Supreme Court fallout

Amazon will limit customers to purchasing three Plan B or "morning after" contraceptive pills per week as demand surges after the Supreme Court overturned Roe v. Wade.

Car Sales to Go Down 17 Percent Despite Strong Demand: Report

Americans are going to need to wait a long time for prices to drop.

One Fast Food Chain Is Being Left in the Dust

There's one brand that continues to backslide toward oblivion.

Atlantic City Casinos Are Nearing a Strike During July 4 Holiday Weekend

Central bank chiefs call end to era of low rates and moderate inflation

ECB, Fed and BoE heads warn of painful shift after ‘massive geopolitical shock’ of Ukraine war and pandemic

U.S. Could Release Even more Oil From Strategic Stockpiles

The United States will reassess additional releases of crude oil from the nation's Strategic Petroleum Reserves, White House Envoy Hochstein said on Wednesday

Powell: 'No guarantee' Fed can tame inflation, spare jobs - The Associated Press

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said there's “no guarantee'' the central bank can tame runaway inflation without hurting the job market.

Stocks making the biggest moves midday: Bed Bath & Beyond, Carnival, Upstart and more

These are the stocks posting the largest moves in midday trading.

Sheetz CEO offers gas at $3.99 a gallon through July 4 weekend

Family-owned convenience store chain Sheetz is cutting prices at the pump ahead of July 4. President and CEO Travis Sheetz said the holiday weekend was a great opportunity to provide some…

Granite City steel set to lose 1000 jobs as US Steel shifts gears - St. Louis Post

A U.S. Steel spokesperson said the company expects the move to result in the loss of 950 of the 1,500 jobs at the plant.

Ben and Jerry's sells its Israeli business

Unilever has sold its Ben & Jerry's business in Israel to its distributor in the country, following ongoing controversy related to its activities in Israel and the West Bank.

FCC commissioner calls on Google and Apple to ban TikTok app

A letter tweeted Wednesday by FCC commissioner Brendan Carr is the latest push by U.S. regulators to ban the Chinese-owned app.

Shopify Shares Slide After Completing 10-for-1 Stock Split

(Bloomberg) -- Shopify Inc. shares fell after the Canadian e-commerce giant completed a 10-for-1 split of its common stock on Wednesday.Most Read from...

Ben & Jerry’s Israel, parent company Unilever reach deal to end settlement boycott

Israeli firm acquires right to produce, sell its ice cream in Israel and the West Bank under Hebrew and Arabic names; Israel and supporters hail 'victory' against BDS movement

Starz could turn into an 'acquisition machine' after Lionsgate spins it off

A publicly traded Starz may look to increase in size by targeting other subscale media and entertainment companies.

Why one analyst thinks Carnival stock could go to $0

Cruise giant Carnival was hit hard during the worst of the pandemic. Now, a top Wall Street analyst has issued a dire potential outlook for the company in the case of recession.

Nio stock bounces, after EV maker disputes short-seller report, saying it contained 'numerous errors'

Grizzly Research says NIO’s ‘audacious scheme’ exaggerates results, but NIO says ‘misleading’ report contains errors, unsupported speculations

Gas stations can now place $175 hold on credit, debit cards

Paying at the pump may be a little more painful.

Fourth of July BBQ price up $10 one year after White House celebrated 16-cent discount

Americans are dishing out 17% more this year on the average Independence Day barbecue, according to a new report from the American Farm Bureau Federation.

Delayed EIA Inventory Report Shows Crude Draw, Products Build

After a week without an inventory data report, the EIA reported a draw in crude inventories, but small builds in product stockpiles for the week ending June 24

Oops: Richmond Fed Calls ‘Do Over’ On June Manufacturing Survey

The Richmond Fed misread its own survey data and produced a report that foretold a massive lurch into deflation and depression. | Economy

Highest Mortgage Rates Since 2008 Housing Crisis Cool Sales

As the Federal Reserve tries to fight high inflation, costly mortgage rates have begun to price people out of the housing market.

F.C.C. Commissioner Pushes Apple and Google to Remove TikTok

Brendan Carr, a Republican member of the Federal Communications Commission, said he was concerned that the Chinese-owned app could provide Beijing with access to the data of Americans.

Carnival Traders Are Voting With Their Feet

Let's review the charts and indicators....CCL

Michael Burry: Tesla layoffs an ominous sign for white-collar workers

Recent reports of layoffs at Tesla are an ominous sign for white-collar workers nationwide, “Big Short” investor Michael Burry predicted on Wednesday. Burry argued that blue-collar workers will sta…

Bed Bath & Beyond's CEO is out as sales tumble

Bed Bath and Beyond CEO Mark Tritton is out after only three years at the helm of the rapidly sinking retailer.

U.S. stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

Equities are limping toward the end of a miserable first half of the year.

The US economy shrank 1.6% in the first quarter, adding to recession fears

The US economy shrank at a slightly faster rate than previously estimated during the first quarter.

Snap announces Snapchat+ subscription plan that costs $3.99 a month

Snap is rolling out a subscription plan called Snapchat+ that unlocks exclusive and pre-release features at the cost of $3.99 per month.

Crypto exchange CoinFlex claims 'Bitcoin Jesus' is the investor behind $47 million debt

CoinFlex is locked in a battle with major cryptocurrency investor Roger Ver over a $47 million debt marking the latest saga to unfold amid the market crash.

BioNTech, Pfizer to start testing universal vaccine for coronaviruses

Germany's BioNTech <a href="https://www.reuters.com/companies/22UAy.DE" target="_blank">(22UAy.DE)</a>, Pfizer's <a href="https://www.reuters.com/companies/PFE.N" target="_blank">(PFE.N)</a> partner in COVID-19 vaccines, said the two companies would start tes…

Sheetz CEO offers gas at $3.99 per gallon through July 4 holiday weekend

Sheetz CEO and president Travis Sheets said his company saw the holiday weekend as a great opportunity to provide some relief for traveling Americans.

Vaccine Stocks: FDA Experts Recommend Adding Omicron To Covid Boosters

Delta issues unusual travel waiver for July 4 weekend, warns of 'operational challenges'

As Americans take to the skies while celebrating the nation's birthday this weekend, Delta Air Lines has a message for passengers before boarding one of their

Tesla closes an office as layoff hits Autopilot jobs, including hourly ones

Tesla <a href="https://www.reuters.com/companies/TSLA.O" target="_blank">(TSLA.O)</a> has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, …

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes.

Why Can't the Biggest Name in Fried Chicken Break Through in Los Angeles?

Kim Prince is hot fried chicken royalty, yet she is struggling to continue her family legacy in LA.

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking.

FTC sues Walmart for facilitating fraud, costing consumers ‘hundreds of millions of dollars’

The consumers were fleeced “out of hundreds of millions of dollars,” the agency said.

MicroStrategy scoops up 480 Bitcoin amid market slump

Michael Saylor is still bullish on Bitcoin as MicroStrategy scoops up an additional $10 million worth of "digital gold."

Hyundai shows off its Ioniq 6 electric vehicle for the first time

The company will reveal full specs and features in July..

Wall Street's favorite stock sector has potential upside of 43% as we enter the second half of 2022

After a difficult first half of the year, you may be surprised to see which sectors are forecast to rise the most

Delta offers free flight changes over July Fourth weekend ahead of possible 'operational challenges'

Delta passengers won't have to pay a fare difference to change trips booked from July 1 through July 4.

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

A slump in cryptocurrency prices, which has seen billions of dollars wiped off the market, has exposed a liquidity crisis at Three Arrows Capital.

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day.

Mukesh Ambani prepares to hand Reliance empire to his children

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Taco Bell's newest food uses an oversized Cheez-It

Taco Bell is testing a new menu item with a beloved snack food. The fast-food chain hopes the creation can replicate the success of its Doritos shells.

What's next for the stock market after the worst 1st half since 1970? Here's the history.

Nasdaq set for worst first-half on record

Bed Bath & Beyond replaces CEO as retailer's sales plummet

The home goods retailer has faced months of challenges, with supply chain woes and pressure from activist investor Ryan Cohen.

Crypto Warning From Within: Billionaire Says More Bad News Ahead

The crypto industry is currently undergoing a truth test that will determine which projects are viable

100M Twitter followers: Elon Musk surpasses milestone

Tesla CEO Elon Musk has surpassed 100 million Twitter followers. Notably, the SpaceX founder, who is buying the platform, has not tweeted since June 21, 2022.

Delete TikTok from app stores, says FCC commissioner to Apple and Google

An FCC commissioner has called on both Apple and Google to delete TikTok from their respective app stores, giving the companies until July 8 to respond. It is not clear what measures the Federal Communications Commission might take if the companies do not com…

Top 10 Best Early Prime Day 2022 Deals to Check Out Right Now

Top 10 Best Early Prime Day 2022 Deals to Check Out Right Now

These are the absolute best early Prime Day deals to check out before the big shopping event officially kicks off soon.

Mortgage refinancing remains depressed

Mortgage rates remain elevated, which is impacting parts of the housing industry, especially the refinancing area.

UPDATED: As bear market continues to beat down biotech, ARCH closes a $3B early-stage fund

One of the biggest names in biotech investing has a whole lot of new money to spend. ARCH Venture Partners closed its 12th venture fund early Wednesday morning, the firm said, bringing in almost $3 billion to invest in early-stage biotechs. The move comes abo…

Here's how much your Social Security check is likely to go up next year

Anyone with a fixed income has been hit particularly hard by inflation

Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue

The battle between Frontier and JetBlue for discount airline Spirit is the most contentious in recent years.

Mortgage demand stalls again, even as interest rates swing briefly lower

Mortgage rates moved slightly lower last week, causing a small increase in demand for refinancing home loans.

Crypto Fund Three Arrows Capital Ordered to Liquidate: Report

A court in the British Virgin Islands has ordered Singapore-based crypto fund Three Arrows Capital to be liquidated, according to recent reports.

Analysts say Bed Bath & Beyond stores turned down air conditioning to save money

Analysts are accusing Bed Bath & Beyond of turning off the air conditioning in stores to cut costs as the retailer struggles with a substantial drop in sales.

Bitcoin Dips Below $20,000 as Crypto Market Pressure Intensifies

Amid yet another crypto market correction, the price of Bitcoin fell to a weekly low under $20,000 on Wednesday morning.

Crypto Crash Widens Divide Between Rich and Amateur Traders

No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.

Fed Is 'Just at the Beginning' of Raising US Rates, Mester Says

Fed Is 'Just at the Beginning' of Raising US Rates, Mester Says

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester said Wednesday that she will be advocating for a 75 basis point hike to interest rates in July if conditions stay the same.

CEO Quits $68 Billion Firm To "Sit At The Beach And Do Nothing"

Andrew Formica, the Chief Executive Officer of London-headquartered fund house, Jupiter Fund Management Plc, has surprised everyone by resigning suddenly.

Treasury yields fall as traders track economic data, Fed remarks

U.S. Treasury yields were lower on Wednesday as investors continue to assess the economic outlook amid rising recession fears.

European Central Bank member Holzmann says there's ample room to hike to cool surging inflation

A member of the European Central Bank told CNBC Wednesday that there's plenty of runway to hike interest rates, following the two planned raises for July and September.

Why Coupons Are Harder to Find Than Ever

Brands and retailers are shifting away from the clipped newspaper discounts, and the digital version hasn’t grown fast enough to catch up.

Nissan recalls more than 300000 SUVs in U.S. for sudden hood opening

Nissan Motor Co <a href="https://www.reuters.com/companies/7201.T" target="_blank">(7201.T)</a> is recalling more than 300,000 SUVs in the United States over an issue in which the hood suddenly opens, obstructing the driver's view and increasing the risk of a…

Bitcoin price limps under $20K as Asia extends global stocks weakness

BTC price action returns under $20,000 for the first time in six days as Bitcoin loses ground in line with stocks.

Stock Market Today: Dow, S&P Live Updates for Jun. 29, 2022

NIO shares extend losses as Chinese EV maker denies short-seller report

Grizzly Research said the Chinese electric-vehicle maker is playing "accounting games to inflate revenue and boost net income margins to meet targets."

These are the most expensive places to work abroad in 2022

Hong Kong has been named the most expensive city in which to live and work overseas this year, according to Mercer's 2022 Cost of Living index.

U.S. FCC commissioner wants Apple and Google to remove TikTok from their app stores

A leader of the U.S. Federal Communications Commission asked Apple and Google to remove TikTok from their app stores over China-related data security concerns.

Tesla closing a Silicon Valley office, laying off 200 workers

Tesla is closing its San Mateo, California, office and eliminating 200 jobs as part of broader efforts to cut costs amid concerns over a possible recession.

ECB's chief economist sees double-sided risk of spiraling inflation and an economic slowdown

European Central Bank Chief Economist Philip Lane said the Frankfurt institution will have to remain vigilant over the coming months.

Europe travel troubles are piling up: How to avoid airport nightmares

Staffing issues are leading to long lines and frustrated passengers at Europe's airports this summer.

Delta allowing flight changes for free over Fourth of July weekend

Delta Air Lines will allow customers to change flights during the holiday weekend without paying higher last minute fares or change fees during a what could be a challenging weekend.

Asian stocks lose bounce from shorter China quarantine, slip on inflation fears

Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over recession, inflation and high oil prices, which also boosted the safe-haven dollar.

Tesla is cutting about 200 Autopilot jobs and closing office in San Mateo, California

Tesla is closing its San Mateo, California office, and laying off about 200 Autopilot data labelers amid a broader restructuring,

Buick named best car brand in J.D. Power Initial Quality Study

Buick was the top brand in the 2022 J.D. Power IQS, which tracks customer complaints about their new cars within the first three months of ownership.

Coronavirus vaccines should be updated for fall, FDA advisers say

The panel recommended that coronavirus shots be updated to more closely reflect the circulating virus.

After Contract Renewal, Disney CEO Bob Chapek Looks To Prove Wishes Can Come True With Him Helming The Ship

Walt Disney CEO Bob Chapek won praise in many corners in 2020 for ably steering the company through the devastation of Covid after taking the baton from Bob Iger early in that fateful year. The year-and-a-half since has seen much more blowback along with bouq…

How to tell if the bear market is bottoming, according to the pros

There's one indicator that many strategists say is key to calling the bottom.

Tesla lays off nearly 200 Autopilot workers, shutters San Mateo office

Tesla layoffs targeted personnel once deemed critical to the Autopilot advanced driver assistance system; Tesla stock is down 5% in after-hours trading.

Amazon to limit purchases of Plan B and other emergency contraceptive pills

Amazon is the latest, and the largest, retailer to cap purchases of the drug..

Here’s which Silicon Valley tech companies ordered layoffs, hiring freezes

It’s been a rough year for San Francisco and Silicon Valley tech companies with layoffs and hiring freezes. High-profile tech CEOs said they are slashing numbers in their workforces because they see a recession looming on the horizon.

US electric vehicle jobs exploded in 2021, clean energy jobs grew – and fossil fuel jobs shrunk

US electric vehicle jobs increased by a whopping 26.2%, or 21,961 new jobs in 2021, but fossil fuel jobs decreased by 3.1%, reports the DOE.

Cramer's lightning round: I can't recommend Simulations Plus

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Why one Austin restaurant is closed for the summer

The Original Hoffbrau Steaks located on West Sixth Street in downtown Austin told customers it’s closed for the summer. A sign on its doors reads: “Hoffbrau will be closed June, July, August but will resume serving in September. Check our Facebook for further…

First Mover Asia: Remember ICOs? You Would Have Made a Fortune if You HODLed; Bitcoin Slogs Toward $20K

Investors who purchased a breadbasket of blue chip coin offerings about five years ago would have generated an 819% return, even with the current bear market; most cryptos fell in Tuesday trading.

FTC sues Walmart for scammers' use of money transfer unit

The Federal Trade Commission says it has sued Walmart for allowing its money transfer services to be used by scam artists who the agency says fleeced hundreds of millions of dollars from consumers

TSP board increases call center staff, but still 'nowhere near where we need to be'

The Federal Retirement Thrift Investment Board has increased its customer service staff by 66%, but plans to add even more representatives this week.

Pinterest CEO steps down, Google executive to take over in e-commerce push

Pinterest said long-time Chief Executive Officer Ben Silbermann would step down, handing over the reins of the social media platform to Google commerce executive Bill Ready.

Live news updates: FDA votes to update Covid-19 vaccines to target Omicron variant

Pinterest’s Ben Silbermann Steps Down as Chief Executive

He oversaw the company’s growth into a place where 431 million people, mostly women, save and share ideas for shopping, hobbies and recipes.

Stocks waver Wednesday as Wall Street attempts to regain its footing

Stocks fluctuated on Wednesday, after the major averages made a failed attempt at a bounce in the previous session.

China's economy didn't bounce back in the second quarter, China Beige Book survey finds

"While most high-profile lockdowns were relaxed in May, June data do not show the powerhouse bounce-back most expected," according to a report released Tuesday.

Man Fatally Shoots Subway Worker Over Too Much Mayo: VIDEO

A man opened fire at a Subway in Atlanta, killing one female employee and seriously injuring another, allegedly because his sandwich had too much mayonnaise.

Embattled Disney CEO Bob Chapek Isn't Going Anywhere Anytime Soon

Disney CEO Bob Chapek is likely to remain at Disney for least another three years with the board voting to extend his contract another three years despite recent controversies.

Ben Silbermann is out as Pinterest's CEO, to be replaced by Google's Bill Ready

Pinterest has long had an opportunity to act as the internet’s shopping mall. Now, under a new CEO with experience at Google, Venmo, and PayPal, it’s likely to push much harder in that direction.

Delta issues 'systemwide' travel waiver for July 4 weekend

Customers planning to travel between July 1-4 can rebook flights before or after the holiday weekend with no fare differences or change fees.

Hyundai Ioniq 6 Debuts as a Fantastically Weird Electric Sedan

Originally previewed by the Prophecy concept, this slippery sedan is sure to be divisive.

FDA advisers recommend updating COVID booster shots for fall

At least some U.S. adults may get updated COVID-19 shots this fall, as government advisers voted Tuesday that it's time to tweak booster doses to better match the most recent virus variants. Advisers to the Food and Drug Administration wrestled with how to mo…

Bed Bath & Beyond turning off AC in stores to save money: report

Bed Bath & Beyond is making its customers and employees sweat these days.

Here’s Hyundai’s next electric vehicle, the Ioniq 6 sedan

Hyundai has translated the Prophecy concept into its curvaceous production car.

Major Theme Park Coming to a Sad End

A popular Northern California theme park will be closing its doors permanently after its owner sold its land beneath the park to a developer.

Oil Rises Further As API Reports Large Crude Draw

Oil prices rose further on Tuesday afternoon after the API reported a larger than expected draw in crude oil inventories despite the continued SPR draws

East Africa LNG Players Struggle With Security Threat

The Coral South floating LNG project offshore Mozambique is preparing for start-up but the outlook for further liquefaction schemes is hazy.

FDA panel recommends changing Covid shots to fight omicron this fall

Updating the shots to target omicron could provide more durable protection against the virus, though current supporting data is limited.

CoinFlex claims Roger Ver's $47 million debt caused it to close withdrawals

Crypto’s bad news month continues, this time featuring a spat between CoinFlex, a crypto exchange, and Bitcoin early investor Roger Ver in a dispute over the $47 million he allegedly owes.

Walt Disney CEO Bob Chapek Gets New Three-Year Contract

Disney CEO Bob Chapek has gotten a new long-term contract as the board meets this week. Directors voted unanimously to replace his current deal, which expires in February 2023, with a new three-year agreement starting July 1. “Disney was dealt a tough hand by…

2023 Cadillac Lyriq Interior Uses Nothing From GM's Parts Bin

The Cadillac Lyriq doesn't have a single pre-existing GM part in its entire cabin, finally giving Cadillac a truly special interior.

Stock Of The Day: Energy Giant Fires Up New Buy Signals

Pinterest CEO steps down, Google executive to take over in e-commerce push

The news sent the company's shares 9% higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its ...

Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent”

After throwing lifelines to troubled digital currency exchanges BlockFi and Voyager Digital, Sam Bankman-Fried, the 30-year-old billionaire founder of FTX, warns that many crypto exchanges will soon fail.

Juul says 'politics' influenced e-cigarette ban, FDA ignored evidence

Juul Labs asked a federal court on Thursday to extend a temporary block on the Food and Drug Administration’s ban of its e-cigarettes.

Stock losses accelerate into the close as momentum stalls: Nasdaq drops 3%, Dow sheds nearly 500 points

US stock futures rose Tuesday morning to shake off some early-week losses, as markets continued a choppy stretch of trading.

Some pharma companies promise to cover abortion-related travel costs — while others won't go that far yet

As the US Department of Health and Human Services promises to support the millions of women who would now need to cross state lines to receive a legal abortion, a handful of pharma companies have said they will pick up employees’ travel expenses. GSK, Sanofi,…

Gas prices decline in the U.S. for a second straight week as oil costs fall

Fuel under four bucks a gallon at Sheetz's more than 640 locations in six states, convenience-store chain says.

Abortion travel benefits: Corporations paying for more health care is, in fact, good.

Do you see any better options right now?

Hedge Funds Launch ‘Coordinated Attack’ On Tether’s USDT Following Terra (LUNA) Crash

Hedge funds are betting millions of dollars against USDT in a massive short-selling spree. In the coming months, fortunes could swing

Amazon limits how many Plan B pills you can buy as demand surges

The company has placed a limit of three units per week on emergency contraceptive pills in the wake of the Supreme Court decision overturning Roe v. Wade.

EY agrees to pay $100 million fine to settle SEC investigation into ethics exam cheating

EY agreed to pay $100 million to settle an SEC probe which found that some auditors cheated on the ethics section of their CPA exam

Texas Gov. Greg Abbott fires warning to Biden over EPA rule that could send gas prices even higher

An EPA plan for an oil production site could hinder drilling and lead to higher gas prices, Texas Gov. Greg Abbott said in a letter to President Biden

Sanofi racks up 2 approvals in Europe for enzyme replacement therapies for rare diseases

World’s largest direct air carbon capture facility will reduce CO2 by .0001%

The world’s largest carbon direct air capture facility has started construction in Iceland, run by Swiss startup Climeworks AG. When construction finishes in 18-24 months, their facility, named “Mammoth,” will be able to remove 36,000 tons of CO2 from the air…

Top 5 U.S. companies losing a total of $260 billion in market cap, led by Apple and Amazon

Shares of the top-five largest U.S. companies by market capitalization are all falling more than the broader stock market, as the stocks of Amazon.com Inc....

Novartis details plans to cut 8,000 jobs worldwide

The reason you’ve been feeling sick might be from your water bottle: ‘That’s why tumblers are a NO for me’

This doctor may have the explanation for why you've been feeling under the weather lately. It may have to do with what's in your to-go cup.

Man Allegedly Kills Subway Employee Over 'Too Much Mayonnaise'

"All hell broke loose."

Why Tesla Stock Hit the Brakes Today

Another analyst just revised his estimate for Tesla's second-quarter deliveries downward.

Driving out of town for July Fourth weekend? Get up early

AAA says most of the over 1 million people traveling in the D.C. area will be driving, which could leave you in a traffic crunch.

Bitcoin Bearish Signal: Coinbase Receives Large Inflows | Bitcoinist.com

On-chain data shows the crypto exchange Coinbase Pro has received a large amount of Bitcoin inflows today, a sign that could prove to be bearish for the

FTC Sues Walmart for Facilitating Money Transfer Fraud That Fleeced Customers Out of Hundreds of Millions

The Federal Trade Commission today sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dolla

Amazon stock falls again after price target cut by 20% at UBS

Shares of Amazon.com Inc. undefined slumped 4.8% in afternoon trading Tuesday, adding to Monday's 2.8% drop, after UBS analyst Lloyd Walmsley cut his stock...

How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute

The S&P 500 fell into its 12th bear market since World War II in June. How long it lasts likely depends on if the U.S. enters a recession, accord to a Wells...

Russia Fines Google, Airbnb, Pinterest, and Twitch for Not Storing Data Where the Kremlin Can Get It

These four companies ran afoul of a harsh Russian privacy law that led Linkedin to be banned across the country in 2016.

Why Amazon, Etsy, and Carvana Stocks Dropped Today

Which of the three should you buy to profit from the drop?

Fourth of July travel: Flight cancellations, delays persist ahead of holiday weekend

Flights nationwide continue to get disrupted ahead of the July 4 holiday weekend, during which 3.55 million people are expected to fly.

Shopify Stock Split: What the Charts Say Ahead of 10-for-1 Split

Shopify stock is set for a 10-for-1 stock split. Will that help fuel a rise in its share price?

Why AMD Stock Fell Over 5% Today

Falling GPU prices and a reported data breach are contributing to a down day on the market.

Ernst & Young hit with $100 million fine after auditors cheat on ethics exam

Nearly 50 of the auditing firm's employees shared CPA test answers, securities regulators say.

Target will cover employees' travel to other states for abortions, company memo says

The big-box retailer joins a growing list of companies that have announced policy changes after the reversal of Roe v. Wade.

Consumers are feeling less confident about the US economy as prices keep rising

Americans' economic outlooks continue to sour in the face of high prices and rising recession risks, according to new data released Tuesday.

Novartis to cut up to 8000 jobs globally

Novartis <a href="https://www.reuters.com/companies/NOVN.S" target="_blank">(NOVN.S)</a> said on Tuesday a previously announced restructuring programme could lead to 8,000 jobs being cut, or about 7.4% of its global workforce, including up to 1,400 in Switzer…

Cathie Wood Says That She Got Inflation Duration Wrong

Cathie Wood Says That She Got Inflation Duration Wrong

AMC CEO Touts 'Top Gun' And Taunts Short Sellers After Shares Popped 12% At Monday Close - Benzinga

Shares of movie theater company AMC Entertainment Holdings (NYSE: AMC) surged on Monday with news of a blockbuster movie passing a milestone.

Goldman Sachs reportedly warns of $1.2B loss from consumer banking unit

Goldman Sachs’ internal projections show the bank’s consumer unit will record losses of more than $1.2 billion this year, Bloomberg News reported on Tuesday, citing people with knowledg…

Home prices are still going strong, but momentum is slowing

US home prices ran hot again in April, notching another month of more than 20% year-over-year gains.

Buffett's Berkshire buys more Occidental shares, raises stake to about 16.4%

Warren Buffett's Berkshire Hathaway Inc <a href="https://www.reuters.com/companies/BRKa.N" target="_blank">(BRKa.N)</a> said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp <a href="https://www.reuters.com/companies/OXY.N" targe…

Lufthansa is bringing back the A380 superjumbo

The German airline is reinstating the superjumbo on flight schedules beginning summer 2023, even as other carriers are looking to phase out the world's largest passenger plane.

Crypto winter has had a chilling effect on Coinbase and Robinhood

The prices of bitcoin and other top cryptocurrencies have been more than cut in half this year. Now the great crypto crash of 2022 is crushing leading digital asset brokerage firms Coinbase and Robinhood too.

Ohio Sheetz $3.99 gas: Will it damage your car? - NBC4 WCMH

COLUMBUS, Ohio (WCMH) – A regional gas station chain has lowered prices to a steal compared with the current average in central Ohio, but not all cars are eligible to take part. A release sent out Monday by Sheetz said all of its stations would cut the price …

Tesla stock lower ahead of second-quarter sales

Tesla sales numbers expected to drop quarter-on-quarter

Juul seeks to extend stay on FDA ban, saying agency did not evaluate all its evidence

Juul Labs is seeking a stay on the FDA's market denial order, saying the FDA overlooked 6,000 pages of evidence.

Biden administration report shows massive fossil fuel industry job losses

The Department of Energy released its annual energy job report showing massive year-over-year losses in the fossil fuel industry, but large gains in the clean energy sector.

'Big Short' investor says Fed could reverse rate hikes in 'bullwhip effect'

Michael Burry suggested that the Federal Reserve could buck expectations by reversing course on its planned series of sharp interest rate hikes due to an economic phenomenon known as the “bullwhip …

NOAA triples its supercomputing capacity for improved storm modeling

The NOAA is tripling its supercomputing capacity ahead of hurricane season..

CAA Closes $750M Deal for ICM Partners, Consolidating Major Agency Landscape

In a move that consolidates the Hollywood talent agency landscape into three major players, CAA has closed its acquisition of ICM Partners, the companies said.  CAA, led by Bryan Lourd, Kevin Huvane and Richard Lovett, and ICM, led by Chris Silbermann, first …

Brightline Confirms New Station Near (But Not At) Walt Disney World After Disney Springs Station Cancellation

Brightline Confirms New Station Near (But Not At) Walt Disney World After Disney Springs Station Cancellation

Brightline has confirmed that they will be building a station near, but not at, Walt Disney World Resort.

Stocks making the biggest moves midday: Nike, Las Vegas Sands, Boston Beer and more

These are the stocks posting the largest moves in midday trading Tuesday.

Google Bets Big on Government Business with New Division

Google Public Sector aims to accelerate digital transformation across government.

CVS, Rite Aid put purchase limits on emergency contraceptives after demand surges

The retailers placed purchase caps on Plan B and other pills just days after the Supreme Court overturned Roe v. Wade.

VW and Siemens invest $450 million in Electrify America to accelerate EV charging infrastructure

Volkswagen and Siemens announced that they raised $450 million for Electrify America to accelerate its deployment of charging infrastructure in the US. If you are “punished” by the US government by being forced to invest in electric vehicle charging infrastru…

Juul says FDA overlooked key data in e-cigarette application before banning sales

New car quality declined sharply this year with supply chain problems, says J.D. Power

Buick, Dodge and Chevrolet topped the list while Volvo, Chrysler and Polestar landed in the bottom three.

GlobalWafers plans US$5bn Texas fab

GlobalWafers Co (環球晶圓) plans to start construction on a US$5 billion wafer fabrication facility in Texas in November, after passage of the US$52 billion Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. The fab would be the large…

U.S. stocks turn lower after weak consumer-confidence reading

U.S. stocks give up gains after a weak consumer-confidence reading.

Major chain drops gas prices below $4 through July 4th

The Pennsylvania-based convenience store, Sheetz, will lower its price of unleaded 88 gasoline to $3.99 a gallon through the Fourth of July holiday weekend at many of its locations

Mortgage rates increase to highest rate since November 2008

Mortgage rates increased once again last week, hitting their highest mark since 2008, according to Freddie Mac. But many buyers remain ready to purchase a home.

Home prices show signs of moderating in April: Case-Shiller

The slight deceleration of home prices in April comes as the Federal Reserve's efforts to tame scorching-hot inflation have pushed mortgage rates near 6%.

Your Roku Now Has Free Local News Channels Built-In - How

Roku streaming devices and TVs have offered free movies, TV shows, and “live” channels for a while now through the pre-installed Roku Channel. Starting today, the Roku Channel now has local news stations.

Here's Why AMC Entertainment Stock Looks Set To Go Bananas - Benzinga

AMC Entertainment Holdings, Inc (NYSE: AMC) was down almost 4% Tuesday after a big bullish day on Monday saw the stock close up 13.31% higher.

The Ford F-150 Lightning Has Its First Recall

A bug in the tire pressure monitoring system affects 2,886 Lightnings.

Daily Harvest responds to customers sick, hospitalized from 'French Lentil + Leek Crumbles'; lawsuit filed - KABC

Daily Harvest is responding after facing a lawsuit after people reported being sick and hospitalized from eating its "French Lentil + Leek Crumbles."

EU engine ban splits Germany's coalition

Key German ministers are at odds over the European Commission’s call to end the sale of CO2-emitting cars by 2035.

VW sells minority stake in Electrify America to Siemens

Volkswagen sold a minority stake in Electrify America worth “low triple-digit millions” to Siemens. The deal values the EV charging company at $2.45 billion.

Ford F-150 Lightning Vs Gas Truck Towing Range: Same Load, One Fill-Up

Most EVs don't have as much range as gas-powered vehicles, and towing makes a big impact. How limited is the Lightning's towing range on a single charge?

Michael Saylor, Who Owns 130,000 BTC, Gives Advice to Crypto Investors

The man who is down $1.2 billion on his investment has good advice for followers

US Home-Price Growth Decelerates for First Time Since 2021

Top accounting firm fined $100 million after employees cheated on CPA exams

Ernst & Young has been slapped with a record $100 million fine from the US government after regulators discovered that the company knew some of its auditors were cheating on exams for several years and did nothing to stop it.

Consumer Confidence Falls Again in June

/PRNewswire/ -- The Conference Board Consumer Confidence Index® decreased in June, following a decline in May. The Index fell to 98.7 (1985=100)—down 4.5...

Cathie Wood Says That She Got Inflation Duration Wrong

Different this time? 'Almost all' Bitcoin metrics are now hinting at a price bottom

BTC price could have reached a "logical place" for a reversal as Bitcoin metrics hit the floor.

Airbnb makes its party ban permanent

Airbnb said that since it implemented its policy in August 2020, it has seen a 44% year-over-year drop in the rate of party reports.

Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet

Retailers typically want their sales numbers to be red hot, not their customers. But Bed Bath & Beyond is reportedly dealing with cooled momentum and heated customers at its stores.

The CEO of a $68 billion investment firm suddenly quit, says he's going to sit on the beach and 'do nothing'

"I just want to go sit at the beach and do nothing. I'm not thinking about anything else," Formica told Bloomberg in an interview this week.

Company buying Trump's social media app faces subpoenas

NEW YORK (AP) — The company planning to buy Donald Trump’s new social media business has disclosed a federal grand jury investigation that it says could impede or even prevent its acquisition of the Truth Social app.

Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Ethics Exams

The S.E.C. said the cheating involved hundreds of the firm’s auditors from 2017 to 2021.

US Home-Price Growth Decelerates for First Time Since 2021

US Home-Price Growth Decelerates for First Time Since 2021

Not your grandpa’s ride—the 2023 Cadillac Lyriq, tested

312 miles of range and the luxury you expect from a Caddy, at under $63,000.

Home price increases slowed in April for the first time in months, S&P Case-Shiller says

Prices rose 20.4% nationally in April compared with the same month a year ago, according to the S&P CoreLogic Case-Shiller Index.

Why Big Tech is pouring money into carbon removal

The market for carbon removal is expanding rapidly, and hundreds of millions are pouring in as tech companies and the government look to fund new technologies.

Cadillac Lyriq first drive: A year early and dollar long at $60K

Cadillac Lyriq is finally here and we took it on a 2 day adventure to find out if it lived up to the hype.

RI’s electric vehicle rebate program to start July 7

There are new incentives coming for Rhode Islanders who want to switch to electric vehicles.

S&P 500 heads to worst first half since 1970s

Stock investors are about to wrap one of the worst six months in history as investors get slammed by a Federal Reserve that has failed to contain inflation.

Illinois suspends grocery tax for one year — with certain exceptions

The Illinois government announced the state is suspending its sales and use tax on certain grocery items for one year, beginning July 1, 2022 and going through June 2023.

Subway restaurant worker killed after dispute over mayo, police say

An employee at a Subway restaurant in Atlanta was shot and killed Sunday after a customer got upset about a condiment on his sandwich, Atlanta Police said.

Credit Suisse ready for 'good risk opportunities', says new risk chief

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

New York Fed President John Williams says a U.S. recession is not his base case

New York Fed President John Williams said he expects the economy to avoid recession even as he sees significantly higher rates to control inflation.

What Cramer is watching Tuesday — Nike drops, Morgan Stanley pops, Goldman likes beer stocks

The broader stock market rose Tuesday after Monday's attempt at a rally fizzled.

Sheetz lowers gas prices to $3.99 a gallon through July 4 weekend to help drivers save money

Convenience store chain Sheetz is charging $3.99 a gallon for Unleaded 88 and $3.49 a gallon for E85 in a limited-time offer through July 4.

CVS and Rite Aid limiting purchases of emergency contraception

Some large drug store chains are limiting purchases of emergency contraception to three pills per customer, company representatives confirmed to CNN.

Goldman, Wells Fargo lead dividend buffet after Fed stress test

Goldman and Wells Fargo both hike dividends by 20%, followed by an 11% increase by Morgan Stanley.

ARK Invest's Cathie Wood says the U.S. is already in a recession

Cathie Wood said the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation.

Crypto exchange CoinFlex is raising $47 million through a new coin after a major investor fails to pay debt

CoinFlex said it would issue $47 million of a digital coin it is calling Recovery Value USD after the company halted withdrawals for customers.

Five Reasons Everybody Is Wrong About a U.S. Recession—Including Me

Derek is joined by Bloomberg economic columnist Conor Sen to explain why he believes the economy isn’t nearly as troubled as the headlines suggest

Who Is to Blame for Inflation, 1-15 - The Big Picture

Who is to blame for the rampant inflation the United States (and the entire world) have been experiencing over the past 12 to 24 months? Which individuals and institutions can we hold accountable for the highest consumer price increases in 40 years? A variety…

American Fast Food and Fast Casual Restaurants, Ranked by Customer Satisfaction

Do you agree with this ranking?

Amazon is giving away $135 in free money to spend on Amazon Prime Day 2022. Here's how to cash in

From gift card bonuses to the Prime Stampcard, here are all the ways to get free money at Amazon ahead of Prime Day

Flight delays and cancellations stress travelers as July 4 nears

Passengers and analysts are worried the system is poised for more summer meltdowns.

Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more

The stocks making the biggest moves in premarket trading include Nike, Spirit Airlines, Occidental Petroleum, and more.

Mukesh Ambani Launches Succession Plan, Son Akash Is Now Jio Top Boss

Mukesh Ambani's first-born will succeed him as chairman of Jio, kickstarting a leadership transition in one of Asia's wealthiest families.

Boost for luxury London property prices as Russians locked in

The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say.

92 million US workers now have the opportunity to work remotely: survey

92 million American workers have the opportunity to work remotely and 80 million are currently doing so at least part time, according to a survey from McKinsey.

Mukesh Ambani's Son Akash Ambani Named Reliance Jio Chair in Succession Shift

Should You Buy A House Now? Experts Weigh In On Pros And Cons

Elon Musk now has over 100 million Twitter followers

Elon Musk just passed the 100 million follower mark on Twitter, becoming the sixth user on the platform to reach a nine-digit follower count. Musk hit the milestone sometime between June 27th and June 28th.

Truth Social buyer warns grand jury subpoenas could kill deal

The proposed acquisition of Trump Media and Technology Group is already under investigation by the SEC.

News You Already Know: Flying is a Miserable Experience Right Now – Cranky Flier

Can the Government Even Pay the Rising Interest Expense on its Gigantic Debt as the Fed Pushes up Rates? Yes. Here's Why

Higher rates eventually enforce a sort of discipline on the drunken party in government and even in the private sector. That would be a good thing.

Here are the only 5 countries opposing Europe’s 2035 electric car-only rule

The European Union is about to vote on banning the sale of new petrol and diesel cars from 2035, and five countries are planning to push to delay the move to electric car-only by five years. Europe is currently establishing its plan to become the first carbon…

Eric Nuttall: Fear is gripping energy markets, but the facts suggest oil fundamentals are still strengthening

Despite growing talk of recession, there are no signs of weakness in demand on a global basis

Inflation will probably fall, but it won't be the Fed's doing: Morning Brief

What to watch in markets on Tuesday, June 28, 2022

GE Aviation announces Larry Culp as CEO, John Slattery to get new role - Triangle Business Journal

Retailers weigh cost of paying customers to keep unwanted items

Some retail chains like Target and Walmart are weighing the possibility of paying customers to keep their unwanted items instead of returning them amid a surplus of inventory.

KKR takes back seat in Toshiba bidding process

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

3 charts showing this Bitcoin price drop is unlike summer 2021

BTC price action may be copying Q2 2021 in terms of direction, but Bitcoin on-chain metrics are anything but similar.

Michelin to move Russian operations to local management by year's end

Tire manufacturing company Michelin announced Tuesday that it would be transferring all Russian activities to local management by the end of the year.

Chip makers are refusing to build new semiconductor plants in the U.S. unless Congress unlocks $52 billion in funding

Taiwanese semiconductor firm GlobalWafers joins Intel and TSMC in urging Congress to fund U.S. development.

Fossil fuel industry cut jobs in 2021 despite growth in production, Energy Department reports

Jobs in the renewable energy sector grew in 2021 as fossil fuel employment declined -- even as fossil fuel production increased -- according to a report released Tuesday by the Department of Energy.

Latest Economy and Stock Market Updates

The range of forecasts is wide, but economists generally see a rising probability that the U.S. economy will shrink.

Less Takeout, More Produce Swapping: How Inflation Is Altering People’s Behavior

From driving fewer miles to downgrading vacations, Americans are making meaningful changes to their spending. Here’s how five households are coping with the highest inflation in decades.

Stocks, oil edge up as China relaxes quarantine rules By Reuters

Stocks, oil higher as China relaxes quarantine rules

Return On $100 In Dogecoin, Tesla Since Elon Musk's Last B'day - Benzinga

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk marks his 51st birthday on Tuesday. As Musk turns 51 years old, he’s left a trail of success in his wake.

ECB Lagarde plays down recession risks at Sintra Forum

ECB Lagarde has played down fears of a recession in the euro zone.

Climate tech firm to launch scaled-up plant sucking CO2 from air

Construction is due to begin on Wednesday on what could become the world's biggest plant to capture carbon dioxide from the air and deposit it underground, the company behind the nascent green technology said.

U.S. Treasury yields higher as investors await consumer confidence, home prices data

U.S. Treasury yields were higher on Tuesday as investors await a fresh batch of data for further clues on the health of the economy.

JetBlue will not back down, continues its fight for Spirit Airlines

JetBlue escalated its battle with Frontier on Monday for the right to secure a merger deal with Spirit Airlines as the bidding war for the low-cost airline nears its end.

Jupiter CEO Andrew Formica Announces Exit From $68 Billion Money Manager

Four large US banks increase dividends following annual stress tests

Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley increased their dividends on Monday after they cleared the Fed's annual stress test exercise last week.

Bankman-Fried's FTX says no talks to acquire Robinhood

Sam Bankman-Fried's FTX crypto exchange said it is not in talks to acquire Robinhood Markets Inc <a href="https://www.reuters.com/companies/HOOD.O" target="_blank">(HOOD.O)</a>, after a <a href="https://www.bloomberg.com/news/articles/2022-06-27/sam-bankman-f…

Credit Suisse vows to overhaul its risk management after a litany of scandals

Credit Suisse vows to forge ahead with its risk management overhaul, despite what its CEO called a "challenging" environment.

California's Great America set to close in 11 years, long goodbye planned after land sold - KGO

California's Great America's operator Cedar Fair announced Monday that it sold the land in Santa Clara, with plan to keep it open "up to 11 years."

Philips provides update on Philips Respironics' PE-PUR sound abatement foam test and research program

Philips provides update on Philips Respironics’ PE-PUR sound abatement foam test and research program

Why one stock brokerage is bullish on Reliance Industries and Infosys

There could be 20% upside for Reliance Industries' shares, according to Shrikant Chouhan of Kotak Securities.

Hydrogen-powered trains to be used in Germany's capital region

Siemens Mobility says trains will provide "completely CO2 emission-free mobility."

Tether CTO refutes stablecoin FUD as short-sellers circle

Tether’s CTO has called out hedge funds for helping spread FUD about Tether in an attempt to profit from a fall in the stablecoin’s price.

European markets head for negative open as global investor confidence dips

European stocks are expected to open in negative territory on Tuesday as global investor confidence sees another decline.

Great America theme park to close in ‘up to 11 years’

SANTA CLARA, Calif. (KRON) – California’s Great America amusement park in Santa Clara will be shutting down its rides, but there is still plenty of time for customers to visit the park. Park operator Cedar Fair announced that it sold the land for $310 million…

Andrew Ross Sorkin: Janet Yellen, Fed 'got it wrong' on inflation, were 'a little political' in their response

During an episode of the New York Times' "Sway" podcast, Andrew Ross Sorkin criticized Treasury Sec. Janet Yellen and Fed. Chairman Jerome Powell for getting inflation wrong.

Dow Jones Futures Fall: What To Do In New Stock Market Rally; Tesla Sales Up Next

GlobalWafers announces plans for massive US plant

WASHINGTON - Taiwan's GlobalWafers on Monday unveiled plans to establish a massive plant in northern Texas to produce a component vital to making semiconductors with an investment of up to $5 billion.

Community reacts after SEC’s Gensler affirms BTC’s commodity status

SEC chairman Gary Gensler has re-affirmed the SEC’s view that Bitcoin is a commodity, this time on public television.

Tucker Carlson just inadvertently helped raise $14000 for abortion rights

An NFT featuring a screen shot of the Roe critic from his Fox News program was just sold in a heated auction — with the money going to Planned Parenthood and other groups.

Beloved Bay Area theme park to close permanently in near future

California’s Great America, a Bay Area amusement park that has entertained families for...

Trump SPAC faces grand jury investigation

Digital World Acquisition Corp., the shell company that plans to acquire Trump's Truth Social social media company and take it public, has warned investors that the subpoenas could impede the deal.

Harmony hacker sends stolen funds to Tornado Cash mixer

The hacker that gained control of the Horizon Bridge’s multisig wallet and drained it of $100 million in crypto funds has begun moving those funds through the Tornado Cash mixing service.

Taiwan's GlobalWafers to invest $5 bln in new silicon wafer plant in Texas

Taiwan's GlobalWafers Co Ltd <a href="https://www.reuters.com/companies/6488.TWO" target="_blank">(6488.TWO)</a> will spend $5 billion on a new plant in Texas to make silicon wafers used in semiconductors, switching to the United States after a failed Europea…

First Mover Asia: Chip Maker Nvidia Isn’t an Ether Proxy, Bitcoin Holds Near $21K

Crypto mining aided Nvidia's bottom line, but it hasn't been a major cause of the stock's steep decline. Ether falls but hovers around $1,200.

Tether CTO Affirms Hedge Funds Tried to Short USDT

Paolo Ardoino, CTO of Tether, has affirmed that hedge funds have been attempting to short Tether’s USDT stablecoin.

Investors could do 'a lot worse' than FedEx here, Jim Cramer says

This company's taking control of its own destiny. … I think you could do a lot worse," he said.

Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition

In an interview with CNBC, ExxonMobil CEO Woods commented on the pace and the price of the energy transition, warning that consumer may have to pick up the tab for a rushed energy transition

Companies Scramble to Work Out Policies Related to Employee Abortions

Some have offered to cover travel and other expenses for employees, and are working to ease worker fears about safety and confidentiality.

CoinFLEX to Launch a $47M Recovery Token to Solve Withdrawal Issues

The exchange said last week it was halting withdrawals amid market declines and counterparty uncertainty.

Cramer's lightning round: I like Belden over Encore Wire

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

One year after Biden touted saving Americans 16 cents, July 4th cookouts cost $10 more

The cost is up 17% from last year

U.S. may lose silicon wafer factory if Congress can't fund CHIPS Act, commerce secretary says

"This investment that they're making is contingent upon Congress passing the CHIPS Act [funding]," Raimondo said.

JetBlue Accused of Selling Food With Fake Kosher Symbol

Kof K sued JetBlue Airways in New Jersey federal court alleging JetBlue unlawfully offers food with a fake hechsher. Full Story

JetBlue modifies bid for Spirit Airlines

CNBC's Phil LeBeau joins 'Fast Money' to report that JetBlue has modified its offer to take over Spirit Airlines.

Great America to shut within 11 years as land in Santa Clara is bought by developer

The Great America theme park’s final rides are in view now that one of the Bay Area’s biggest real estate developers has bought the land beneath the iconic Santa Clara amusement center …

The EU’s 2035 petrol ban receives pushback from five countries

While the EU Parliament has passed a proposal that would ban combustion engines in 2035, some countries now seek to oppose it.

Stress tests drive higher capital requirements at 3 biggest US banks

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Mixed inflation data might be necessary for a soft landing, Jim Cramer says

"The news is precarious. ... But maybe that's what we need to see if we're going to have a soft landing, not a horrific crash landing," Cramer said.

Stock Market Today: Dow, S&P Live Updates for Jun. 28, 2022

Stock Market Today: Dow, S&P Live Updates for Jun. 28, 2022

Sam Bankman-Fried's FTX is reportedly looking into buying Robinhood

Massive cryptocurrency exchange FTX is reportedly thinking about buying Robinhood. FTX CEO Sam Bankman-Fried denied the rumors. Bloomberg reports its sources say FTX is still exploring the possibility.

Social Security's cost-of-living bump could reach almost 11%: Report

Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.

Amazon Prime $10 credit: How to get free money to use on Prime Day 2022

Amazon is already dropping some deals for its annual Prime Day shopping event next month, and now they are offering a freebie.

Institutional Investors Exit Crypto Markets At Fastest Rate Ever Recorded: CoinShares

A leading digital assets manager says large institutional investors are exiting crypto markets at a historic rate.

Illinois will begin waiving tax on groceries, gas; Indiana to raise gas taxes

Starting Friday, Illinois will begin waiving tax on groceries and gas.

Atlanta Subway employee shot dead by customer in argument over mayo, police say

Police say a customer killed one worker at a Downtown Atlanta Subway and sent another to the hospital over an argument about the amount of mayo on his sandwich.

JetBlue ups offer for Spirit Airlines as shareholder vote on Frontier bid nears

Spirit shareholders are set to vote on an existing merger agreement with Frontier on Thursday.

Stock Market Eases; What To Watch For This Week As Market Tries To Build On Uptrend

Critical EIA Oil Inventory Data Sees Further Delays

Oil from Iran and Venezuela needs to return to the global market to make up for the loss of supply from Russia, an official at the French presidency said on Monday

Critical EIA Oil Inventory Data Sees Further Delays

The G7 leaders have agreed to study ways to put a cap on the price of Russian oil sold internationally and are seeking support among "like-minded" nations

Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides it

A recession is not the "house view" inside Carlyle Group, and billionaire investor David Rubenstein says Russia and China may be more important than the Fed.

Cedar Fair sells land beneath Great America to Prologis, intends to close park in future - Silicon Valley Business Journal