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Disney executives won't attend CinemaCon in-person as delta Covid variant rages in Las Vegas


Created: Sat, 24 Jul 2021 19:43:11 GMT

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Disney executives won't be traveling to Las Vegas next month to attend the National Association of Theatre Owner's CinemaCon.

Read more: Disney executives won't attend CinemaCon in-person as delta Covid variant rages in Las Vegas


These stocks should benefit from rising inflation, ETF manager says


Created: Sat, 24 Jul 2021 16:01:52 GMT

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Companies with capital-light business models that deal in hard assets are most likely to benefit from higher inflation, says Horizon Kinetics' James Davolos.

Read more: These stocks should benefit from rising inflation, ETF manager says


Start-ups will suffer from antitrust bills meant to target Big Tech, VCs charge


Created: Sat, 24 Jul 2021 13:44:22 GMT

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Congress is considering a slate of new antitrust laws to rein in Big Tech power, including merger restrictions on the largest firms.

Read more: Start-ups will suffer from antitrust bills meant to target Big Tech, VCs charge


Zoom's lightning-fast ascent to $100 billion made big acquisitions a sudden priority


Created: Sat, 24 Jul 2021 13:10:47 GMT

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Zoom's $14.7 billion acquisition of Five9, one of the largest cloud transactions on record, is the first sign of the company using its hefty market to do deals.

Read more: Zoom's lightning-fast ascent to $100 billion made big acquisitions a sudden priority


Boston Beer CEO acknowledges Q2 hard seltzer sales miss – ‘we don’t look very smart’


Created: Fri, 23 Jul 2021 22:59:19 GMT

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Boston Beer CEO David Burwick said the company's hard seltzer sales dropped fast when people retuened to bars this summer.

Read more: Boston Beer CEO acknowledges Q2 hard seltzer sales miss – ‘we don’t look very smart’


Rivian raises $2.5 billion in new funding round led by Amazon, Ford


Created: Fri, 23 Jul 2021 23:07:15 GMT

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The electric vehicle start-up said it has raised about $10.5 billion to date.

Read more: Rivian raises $2.5 billion in new funding round led by Amazon, Ford


Appeals court blocks CDC restrictions on cruises in win for Florida


Created: Sat, 24 Jul 2021 00:24:48 GMT

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An appeals court sided with Florida in its challenge against federal regulations for cruise ships hours after Florida brought the case to the Supreme Court.

Read more: Appeals court blocks CDC restrictions on cruises in win for Florida


Former Virgin Galactic CEO to launch on the company's next spaceflight test


Created: Fri, 23 Jul 2021 20:09:15 GMT

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George Whitesides, the former CEO of Virgin Galactic, will fly on the company's next spaceflight test, CNBC has learned.

Read more: Former Virgin Galactic CEO to launch on the company's next spaceflight test


The rapid growth the U.S. economy has seen is about to hit a wall


Created: Fri, 23 Jul 2021 21:52:21 GMT

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The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.

Read more: The rapid growth the U.S. economy has seen is about to hit a wall


Sweltering temperatures expected across U.S. next week as heat dome descends on Midwest, Great Plains


Created: Fri, 23 Jul 2021 18:30:08 GMT

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High temperatures next week will be the result of a heat dome, a strong high pressure system of air that descends from the atmosphere and heats up near land.

Read more: Sweltering temperatures expected across U.S. next week as heat dome descends on Midwest, Great Plains


Uber's stake in Didi shrank by $2 billion this week amid China crackdown on U.S. listings


Created: Fri, 23 Jul 2021 21:19:22 GMT

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After Didi's stock market debut last month, Uber owned a stake worth over $9 billion in the Chinese ride-hailing company. That's dropped by half.

Read more: Uber's stake in Didi shrank by $2 billion this week amid China crackdown on U.S. listings


Amazon is hiring a digital currency and blockchain expert, signaling a growing interest in cryptocurrency


Created: Fri, 23 Jul 2021 17:51:07 GMT

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Currently, Amazon doesn't accept any cryptocurrencies as payment for its products.

Read more: Amazon is hiring a digital currency and blockchain expert, signaling a growing interest in cryptocurrency


China sanctions Wilbur Ross, others over U.S. warning about Hong Kong business conditions


Created: Sat, 24 Jul 2021 00:21:26 GMT

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China said it has imposed sanctions on seven people, including former Commerce Secretary Wilbur Ross, in response to U.S. penalties.

Read more: China sanctions Wilbur Ross, others over U.S. warning about Hong Kong business conditions


Ponzi schemer Madoff earned $710 for almost 3,000 hours of prison work, got 'not very dependable' review


Created: Sat, 24 Jul 2021 00:18:56 GMT

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Bernie Madoff died in prison, where he was serving a 150-year sentence for running the largest Ponzi scheme in history, swindling thousands of victims.

Read more: Ponzi schemer Madoff earned $710 for almost 3,000 hours of prison work, got 'not very dependable' review


The drought-stricken Western U.S. braces for 'water wars'


Created: Fri, 23 Jul 2021 16:55:10 GMT

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The Western U.S. is facing drought conditions that are straining water resources, hurting agriculture and providing a fertile ground for wildfires.

Read more: The drought-stricken Western U.S. braces for 'water wars'


Tuition insurance may help cover costs if a student withdraws from college


Created: Fri, 23 Jul 2021 16:39:37 GMT

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The possibility of more campus closures has sparked renewed interest in college refund policies and tuition insurance.

Read more: Tuition insurance may help cover costs if a student withdraws from college


Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip


Created: Fri, 23 Jul 2021 19:08:59 GMT

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Louisiana, Arkansas, Missouri, Florida and Nevada are reporting the highest daily average of new cases per capita over the past week.

Read more: Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip


Vista Equity considers sale of Tibco, which it bought for $4.3 billion in 2014, sources say


Created: Fri, 23 Jul 2021 15:27:01 GMT

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Vista Equity Partners is exploring a sale of Tibco Software, will meet with bankers in the coming days, sources say.

Read more: Vista Equity considers sale of Tibco, which it bought for $4.3 billion in 2014, sources say


Shares of Snap close up 23% day after earnings beat


Created: Fri, 23 Jul 2021 20:04:16 GMT

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Snap stock soared Friday, as the company continued to ride its strong second-quarter earnings beat across the board.

Read more: Shares of Snap close up 23% day after earnings beat


Trump friend Tom Barrack ordered released on $250 million bond, his SPAC pulls SEC registration, IPO plan


Created: Fri, 23 Jul 2021 19:02:21 GMT

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Thomas Barrack, a close friend of Donald Trump, is accused of illegally lobbying for the United Arab Emirates during Trump's campaign and presidency.

Read more: Trump friend Tom Barrack ordered released on $250 million bond, his SPAC pulls SEC registration, IPO plan


Alphabet launches new robotics software company Intrinsic


Created: Fri, 23 Jul 2021 15:37:59 GMT

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Alphabet's new company is a robotics software firm named Intrinsic. The segment comes out of X, Alphabet's "moonshots" division.

Read more: Alphabet launches new robotics software company Intrinsic


GM issues second recall of Chevy Bolt EVs after vehicles catch fire


Created: Fri, 23 Jul 2021 14:33:10 GMT

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GM said officials with the automaker and LG Energy Solution, which supplies the battery cells, have identified a second "rare manufacturing defect" in the EVs.

Read more: GM issues second recall of Chevy Bolt EVs after vehicles catch fire


Boston Beer stock tumbles 26% after weak Truly hard seltzer sales weigh on earnings


Created: Fri, 23 Jul 2021 20:04:20 GMT

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Shares of Boston Beer tumbled 26% after disappointing demand for hard seltzer dragged down the company's quarterly earnings and revenue.

Read more: Boston Beer stock tumbles 26% after weak Truly hard seltzer sales weigh on earnings


These companies are sucking carbon out of the atmosphere — and investors are piling in


Created: Fri, 23 Jul 2021 11:13:33 GMT

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Carbon capture is becoming increasingly popular among investors, and these companies are at the forefront.

Read more: These companies are sucking carbon out of the atmosphere — and investors are piling in


Treasury yields climb with10-year rate topping 1.28%


Created: Fri, 23 Jul 2021 20:04:59 GMT

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Treasury yields climbed on Friday morning, with the 10-year rate topping 1.28%, ahead of the release of July's flash purchasing managers' index readings.

Read more: Treasury yields climb with10-year rate topping 1.28%


‘I think people are underestimating how bad this is going to get': Dr. Ashish Jha on the delta variant


Created: Fri, 23 Jul 2021 01:47:21 GMT

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Dr. Ashish Jha explains why he thinks people are underestimating how bad the Covid surge is going to get as a result of the delta variant.

Read more: ‘I think people are underestimating how bad this is going to get': Dr. Ashish Jha on the delta variant


Quest Diagnostics is seeing a rise in Covid tests as delta variant spreads, CEO says


Created: Thu, 22 Jul 2021 22:42:31 GMT

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Quest Diagnostics CEO Steve Rusckowski told CNBC the company is seeing an increase in Covid-19 tests, with the majority of positive results this week identified as the delta variant.

Read more: Quest Diagnostics is seeing a rise in Covid tests as delta variant spreads, CEO says


Delta variant is one of the most infectious respiratory diseases known, CDC director says


Created: Fri, 23 Jul 2021 00:34:37 GMT

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Covid hospitalizations are up 32% from last week at about 3,500 per day and deaths have also increased 19% in the same time frame to about 240 per day.

Read more: Delta variant is one of the most infectious respiratory diseases known, CDC director says


Snap pops more than 16% on earnings beat and user growth


Created: Fri, 23 Jul 2021 10:15:39 GMT

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Snap on Thursday reported its second quarter earnings, beating expectations across the board for earnings, revenue and user growth.

Read more: Snap pops more than 16% on earnings beat and user growth


U.S. launched overnight airstrikes on the Taliban to support Afghan forces


Created: Thu, 22 Jul 2021 22:55:38 GMT

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The strikes are the first known since U.S. Army Gen. Scott Miller stepped down from his role last week.

Read more: U.S. launched overnight airstrikes on the Taliban to support Afghan forces

 
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