SiriusXM reportedly places former quarterback Brett Favre’s NFL show on hold
Brett Favre. Frank Muldoon | CNBC SiriusXM has put Hall of Fame quarterback Brett Favre’s NFL show on hold due to his involvement in an alleged welfare-fraud scheme in…
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New minimum tax will hit Berkshire Hathaway and Amazon hardest, study shows
Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. Scott Morgan | Reuters Researchers applied…
Here are some active advantages for the long-term ETF investor
Earlier this month, S&P Global released its “SPIVA U.S. Mid-Year 2022” report, highlighting the state of active management and how it performs against their…
How Bryan Lourd became one of the most powerful people in the history of Hollywood
Bryan Lourd speaks onstage during the Lincoln Center American Songbook Gala honoring Bonnie Hammer at Broadway Theatre on January 29, 2020 in New York City. Slaven Vlasic | Getty…
Biden administration awards $1.5 billion to fight opioid crisis
US President Joe Biden speaks about the DISCLOSE Act at the Roosevelt Room of the White House in Washington, DC on September 20, 2022. Saul Loeb | AFP | Getty Images The Biden…
Convertibles drive into the sunset as automakers invest in electric vehicles
2024 Ford Mustang Source: Ford Convertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric…
New York AG wrongly said Yankees game on Apple TV+ costs extra — but it’s free
Aaron Judge #99 of the New York Yankees hits a solo home run in the first inning against the New York Mets during Summer Camp play at Yankee Stadium on July 19, 2020 in the Bronx…
Tech stocks just had their worst two-week stretch since the start of the pandemic
Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors.…
The IPO market went from ‘boom to bust’ in 2022. Here’s what’s driving the massive slowdown
From the best of times, to the worst of times: The market for initial public offerings has fallen off a cliff in 2022. Investors faced with high inflation and rising interest…
Ford’s supply-chain problems include blue oval badges for F-Series pickups
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for…
Inflation and higher rates are a ‘dangerous mix’ for consumers already stretched thin, says chief financial analyst
After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in…
Moderna asks FDA to authorize omicron Covid boosters for children as young as 6 years old
Following CDC approval for vaccination of children aged 6 months to 5 years, 4 year-old Eleanor Kahn sits with her father Alex, as nurse Jillian Mercer administers the Moderna…
Ron Insana: Fed rate hikes pose a threat of ‘breaking’ currency markets
A man exchanges US dollar bills at exchange office. Muhammed Semih Ugurlu | Anadolu Agency | Getty Images As the dollar hits 20-year highs against a wide number of key foreign…
JetBlue ground operations workers seek union vote, major labor group says
A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images A major airline union said Friday that it…
Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in…
Apple TV+ is about to have its first major sports moment with Yankees-Red Sox
Giancarlo Stanton #27 of the New York Yankees is greeted by teammate Aaron Judge #99 after hitting a two-run home run in the first inning during the game between the New York…
Trump lashes out on social media after NY AG James files lawsuit on fraud claims
Former U.S. President Donald Trump speaks about transgender athletes during the America First Agenda Summit, at the Marriott Marquis hotel July 26, 2022 in Washington, DC. Drew…
WHO warns ability to identify new Covid variants is diminishing as testing declines
RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the…
Amazon loses effort to exclude Jassy and Bezos from testifying in FTC Prime probe
Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M.…
Ford to restructure supply chain following $1 billion in unexpected quarterly costs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT –…
Watch Jamie Dimon and other bank CEOs get grilled by Congress in second day of hearings
[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] The heads of seven of the biggest U.S. banks, including…
Olive Garden parent Darden stands by outlook after mixed quarterly results
An order of breadsticks from a Darden Restaurants Inc. Olive Garden Getty Images Darden Restaurants on Thursday reported mixed quarterly results but still reiterated its outlook…
GM to close reservations for electric Hummer pickup, SUV after topping 90,000
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the…
Read the highlights of the new lawsuit against Donald Trump by New York Attorney General Letitia James
An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello…
Here’s what the Federal Reserve’s third 75-basis point interest rate hike means for you
What the federal funds rate means to you The federal funds rate, which is set by the U.S. central bank, is the interest rate at which banks borrow and lend to one another…
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 27. Text…
Fed raises rates by another three-quarters of a percentage point to fight inflation
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In…
Meta looks to cut costs by 10% or more over next few months, says report
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta is looking to cut costs by…
Existing home sales fall in August, and prices soften significantly
Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors.…
Taco Bell to test long-awaited Beyond Meat carne asada in Ohio next month
Taco Bell quesadilla featuring Beyond Carne Asada Source: Taco Bell Taco Bell will test meatless carne asada made with Beyond Meat at dozens of its restaurants in Dayton, Ohio,…