Stocks making the biggest moves midday: Moderna, United Airlines, Zoom and more
Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading Friday: United Airlines, American Airlines – Airline stocks were hit hard...
Jim Cramer says it’s too early to buy until we find out whether new variant is spreading in the U.S.
Friday’s sharp decline for stocks, spurred by concerns over a new Covid-19 variant, is not a buying opportunity, according to CNBC’s Jim Cramer. “We’re going to wake up next week and find one [case] in this country, and I’m not...
$46 billion fintech Klarna sees losses quadruple amid surging demand for buy now, pay later
The Klarna logo displayed on a phone screen. Jakub Porzycki | NurPhoto | Getty Images LONDON — Swedish fintech start-up Klarna saw its losses balloon in the first nine months of 2021, as costs increased sharply amid rising demand for...
How climate change is raising the price of your pumpkin pie
As Americans sit down at their Thanksgiving tables, many of the items in front of them will be more expensive than they were last year. Pies in particular. And climate change is a contributing factor. Inflation is hitting every sector...
Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan
Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating...
Baidu kicks off its robotaxi business, after getting the OK to charge fees in Beijing
BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its driverless taxi business. The regulatory approval to support robotaxis in...
Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show
Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for the Fed on Wednesday released the...
Inflation is not going away any time soon – and Biden will have to wait it out like the rest of us
Customers stand in line to check out at a grocery store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021. David Paul Morris | Bloomberg | Getty Images After lying dormant for years, inflation is once again chipping away...
The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner
Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters Expect more tough talk from the Federal Reserve, as it may consider winding down its...
Stocks making the biggest moves midday: Gap, Nordstrom, Deere, VMware and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing...