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Snap dives 32% and it's dragging other stocks down with it


Created: Tue, 24 May 2022 12:43:45 GMT

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"Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated," Snap said in an SEC filing.

Read more: Snap dives 32% and it's dragging other stocks down with it


Monkeypox outbreak is 'containable,' WHO says as it confirms more cases


Created: Tue, 24 May 2022 12:28:26 GMT

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The World Health Organization said Tuesday that a recent outbreak of monkeypox cases in non-endemic countries is "containable" even as it continues to confound health experts.

Read more: Monkeypox outbreak is 'containable,' WHO says as it confirms more cases


Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more


Created: Tue, 24 May 2022 12:00:31 GMT

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The stocks making the biggest moves in premarket trading include Best Buy, Abercrombie & Fitch, Snap, and more.

Read more: Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more


Treasury yields fall as selling in equities continues


Created: Tue, 24 May 2022 12:36:01 GMT

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U.S. Treasury yields fell on Tuesday, with investors focused on economic data releases.

Read more: Treasury yields fall as selling in equities continues


Electronics are set to get even more expensive as chip giants hike their prices


Created: Tue, 24 May 2022 05:15:27 GMT

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Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts.

Read more: Electronics are set to get even more expensive as chip giants hike their prices


Judge blocks auction of Judy Garland's 'Wizard of Oz' dress by Catholic University pending outcome of lawsuit


Created: Mon, 23 May 2022 23:00:35 GMT

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A "Wizard of Oz" dress worn by Judy Garland sold for more than $1.5 million. This lawsuit will determine who owns a second such dress worn in the classic film.

Read more: Judge blocks auction of Judy Garland's 'Wizard of Oz' dress by Catholic University pending outcome of lawsuit


SpaceX president defends Elon Musk over sexual misconduct claims: 'I believe the allegations to be false'


Created: Tue, 24 May 2022 00:34:40 GMT

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SpaceX President and COO Gwynne Shotwell defended Elon Musk in an email to employees responding to sexual misconduct allegations directed at the CEO.

Read more: SpaceX president defends Elon Musk over sexual misconduct claims: 'I believe the allegations to be false'


Zoom pops 16% on first-quarter earnings beat and strong guidance


Created: Mon, 23 May 2022 20:36:35 GMT

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Zoom shares have lost about 85% of their value since peaking October 2020, and are down by more than half this year.

Read more: Zoom pops 16% on first-quarter earnings beat and strong guidance


New York City removes the last payphone from service


Created: Mon, 23 May 2022 21:40:43 GMT

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The city has been installing LinkNYC kiosks, which offer services like free phone calls, Wi-Fi and device charging.

Read more: New York City removes the last payphone from service


House Ethics Committee probes Rep. Madison Cawthorn for cryptocurrency promotion, relationship with staffer


Created: Mon, 23 May 2022 21:38:21 GMT

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The Ethics probe into Rep. Madison Cawthorn is the latest in a series of setbacks for the North Carolina Republican, who lost a GOP primary last week.

Read more: House Ethics Committee probes Rep. Madison Cawthorn for cryptocurrency promotion, relationship with staffer


CDC officials sound alarm for gay and bisexual men as monkeypox spreads in community


Created: Tue, 24 May 2022 00:25:28 GMT

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Dr. John Brooks, a CDC official, emphasized that anyone can contract monkeypox through close personal contact regardless of sexual orientation.

Read more: CDC officials sound alarm for gay and bisexual men as monkeypox spreads in community


Monkeypox outbreak is primarily spreading through sex, WHO officials say


Created: Mon, 23 May 2022 20:42:29 GMT

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An outbreak of the monkeypox virus in North America and Europe is primarily spreading through sex among men with about 200 confirmed and suspected cases.

Read more: Monkeypox outbreak is primarily spreading through sex, WHO officials say


FDA panel sets June 15 meeting on Pfizer, Moderna Covid vaccines for infants and toddlers


Created: Mon, 23 May 2022 18:57:14 GMT

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The FDA said it will complete its review of Pfizer's and Moderna's applications within days of each other.

Read more: FDA panel sets June 15 meeting on Pfizer, Moderna Covid vaccines for infants and toddlers


Supreme Court makes it tougher for inmates to win release from prison due to bad lawyering claims


Created: Mon, 23 May 2022 20:05:21 GMT

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A Supreme Court ruling related to inmates on Arizona's death row was called "perverse" by Justice Sotomayor in a dissent joined by two other liberal justices.

Read more: Supreme Court makes it tougher for inmates to win release from prison due to bad lawyering claims


Watch now: ETF Edge - Amid the big selloff, what long-term ETF investors should be doing now


Created: Mon, 23 May 2022 19:29:40 GMT

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Read more: Watch now: ETF Edge - Amid the big selloff, what long-term ETF investors should be doing now


Americans were worried about the economy even before inflation exploded, Fed survey shows


Created: Mon, 23 May 2022 16:21:48 GMT

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The Fed's annual Survey of Household Economics and Decisionmaking showed that just 24% thought national economic conditions were good or excellent.

Read more: Americans were worried about the economy even before inflation exploded, Fed survey shows


Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim's Minerd says


Created: Mon, 23 May 2022 18:46:38 GMT

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Guggenheim Chief Investment Officer Scott Minerd said most crypto is "junk" but bitcoin and ethereum will survive.

Read more: Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim's Minerd says


DC AG sues Meta CEO Zuckerberg over Cambridge Analytica privacy scandal


Created: Mon, 23 May 2022 15:37:22 GMT

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The lawsuit comes after a judge rejected Racine's attempt to add Zuckerberg as a defendant on his original consumer protection complaint against Facebook.

Read more: DC AG sues Meta CEO Zuckerberg over Cambridge Analytica privacy scandal


Broadcom, VMware deal could be announced by Thursday, sources say


Created: Mon, 23 May 2022 20:02:42 GMT

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Shares of VMware surged on reports that Broadcom is in talks to acquire the company.

Read more: Broadcom, VMware deal could be announced by Thursday, sources say


U.S. firm Clearview A.I. fined for illegally collecting images of Brits' faces


Created: Tue, 24 May 2022 07:17:21 GMT

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Clearview AI, a New York-headquartered facial recognition company, has been fined £7.5 million ($9.4 million) by a U.K. privacy regulator.

Read more: U.S. firm Clearview A.I. fined for illegally collecting images of Brits' faces


Starbucks will exit Russia after 15 years, closing 130 licensed cafes


Created: Mon, 23 May 2022 20:28:57 GMT

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Starbucks has 130 locations in Russia, which previously saw McDonald’s, Exxon Mobil and other companies exit because of the Ukraine invasion.

Read more: Starbucks will exit Russia after 15 years, closing 130 licensed cafes


Stocks making the biggest moves in the premarket: Electronic Arts, VMWare, GameStop and more


Created: Mon, 23 May 2022 11:38:49 GMT

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The stocks making the biggest moves in premarket trading include Electronic Arts, VMWare, GameStop, and more.

Read more: Stocks making the biggest moves in the premarket: Electronic Arts, VMWare, GameStop and more


Belgium becomes first country to introduce mandatory monkeypox quarantine as global cases rise


Created: Mon, 23 May 2022 13:01:31 GMT

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Belgium has become the first country to introduce a 21-day quarantine for monkeypox patients as cases spread across the globe.

Read more: Belgium becomes first country to introduce mandatory monkeypox quarantine as global cases rise


Pfizer says third Covid vaccine shot for kids under 5 is 80% effective against omicron


Created: Mon, 23 May 2022 14:15:18 GMT

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A third dose of the vaccine elicited a strong immune response and was well tolerated by the kids, according to Pfizer.

Read more: Pfizer says third Covid vaccine shot for kids under 5 is 80% effective against omicron


Treasury yields rise as inflation and economic growth concerns linger


Created: Mon, 23 May 2022 20:14:10 GMT

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U.S. Treasury yields rose on Monday as concerns about inflation and economic growth remained in focus for investors.

Read more: Treasury yields rise as inflation and economic growth concerns linger


Google, Meta and Amazon will benefit from the Ukraine war, ad guru Martin Sorrell says


Created: Mon, 23 May 2022 09:52:27 GMT

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"Defense means cyber defense and cyber offense so technology and technological companies become really important," ad guru Martin Sorrell said.

Read more: Google, Meta and Amazon will benefit from the Ukraine war, ad guru Martin Sorrell says


Biden says U.S. willing to use force to defend Taiwan — prompting backlash from China


Created: Mon, 23 May 2022 18:11:58 GMT

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U.S. President Joe Biden on Monday said he would be willing to use force to defend Taiwan, prompting sharp criticism from China.

Read more: Biden says U.S. willing to use force to defend Taiwan — prompting backlash from China


Another baby formula shipment from Europe to arrive in the U.S. on Wednesday


Created: Sun, 22 May 2022 22:40:50 GMT

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The first shipment, carrying 78,000 pounds of specialty infant formula, arrived Sunday.

Read more: Another baby formula shipment from Europe to arrive in the U.S. on Wednesday


Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics


Created: Mon, 23 May 2022 15:08:23 GMT

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The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles,

Read more: Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics


SpaceX looks to raise $1.7 billion in new funding, boosting its valuation to $127 billion


Created: Sun, 22 May 2022 14:10:50 GMT

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SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company's valuation to about $127 billion.

Read more: SpaceX looks to raise $1.7 billion in new funding, boosting its valuation to $127 billion

 
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