Business

Online streamers prepare for the annual Double 11 online shopping festival at Lingu e-commerce industry park on October 27, 2021 in Linyi, Shandong Province of China. Xu Chuanbao | Visual China Group | Getty Images BEIJING — Even as China’s newly rich internet celebrities keep smashing livestreaming sales records, businesses are finding other strategies that

Pedestrians carry Macy’s shopping bags in San Francisco, California, U.S., on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Economists predict a boom in October’s retail sales, aided by rising gasoline prices and early holiday shopping. Retail sales are expected to rise 1.5%, up from September’s 0.7% gain, according to economists

In this article BP.-GB The secretary general of oil producer group OPEC has said the COP26 climate summit in Glasgow was “definitely a wake-up call.” Speaking to CNBC at the ADIPEC energy industry forum in Abu Dhabi, Mohammad Barkindo was asked if the deal eventually reached in Glasgow — which included a late compromise on

The air travel industry is “not quite out of the woods” — but the future could be brighter than the last 20 months, says Paul Griffiths, the chief executive of Dubai Airports. “We have room for optimism that the future, hopefully, is much brighter than the last 20 months,” he told CNBC’s Dan Murphy on

Shaquille O’Neal Rich Fury | Getty Images Entertainment | Getty Images Shaquille O’Neal once signed the richest contract in sports history and then went on to win four NBA titles. These days Shaq has a new business he’s trying to conquer: chicken sandwiches.   O’Neal, who was inducted into the NBA Hall of Fame in 2016,

Airbus Commercial Aircraft President Guillaume Faury poses during the unveiling of an Airbus A220-300 aircraft after ist landing in Colomiers near Toulouse, France, July 10, 2018. Regis Duvignau | Reuters Airbus has received an order for 255 new aircraft from U.S. private equity firm Indigo Partners in the first significant deal for the company since

Demonstrators hold signs during a protest against Covid-19 mandates outside the General Motors (GM) Tech Center in Warren, Michigan, U.S., on Wednesday, Nov. 3, 2021. Mathew Hatcher | Bloomberg | Getty Images A federal appeals court has called President Joe Biden’s vaccine and testing requirements for private businesses “fatally flawed” and “staggeringly overbroad,” arguing that

In this article LUV A baggage handler pushes a bag near a Southwest Airlines airplane at Hollywood Burbank Airport in Burbank, California, October 10, 2021. Robyn Beck | AFP | Getty Images Southwest Airlines on Saturday offered its flight attendants new incentives aimed at avoiding more flight cancellations, particularly over the peak holiday period, amid

In this article LMT Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai’s last international air show, in November of 2019, feels like another era. Just a few months before the Covid-19 pandemic turned travel upside down, the highly-attended biennial aviation event celebrated an industry that looks very different today.  But

Blackstone Group office in Luxembourg. Geert Vanden Wijngaert | Bloomberg | Getty Images Blackstone: “We know Blackstone’s had a giant run. You can actually say it’s been 100 points of recommending the stock. They’re a very good company that I think can go even higher still.” Nio: “We don’t need Nio. We’ve got Tesla. We’ve

Portland Trail Blazers President and CEO Chris McGowan speaks to reporters. Sam Forencich | NBAE | Getty Images Portland Trail Blazers executive Chris McGowan is resigning as CEO, the team announced on Friday. The Blazers said chief commercial officer Dewayne Hankins would take over the role of president of business operations. Paul Allen’s estate owns

A Mercedes-Benz super lorry leaves the Daimler factory in Sindelfingen, Germany, 08 December 2015. Daniel Maurer | Getty Images Daimler Truck CEO Martin Daum revealed Friday that he’s more worried about the global semiconductor shortage than he is about the economic impact of the coronavirus pandemic. “I’m more concerned about semiconductors than Covid at the

CNBC’s Jim Cramer said Thursday he believes fears that the U.S. economy is headed for a period of stagflation should be put to rest after a series of impressive retail earnings reports. Stagflation is a term used to describe slow economic growth at a time of high inflation. It was initially spotted in the 1970s,

Odell Beckham Jr. #13 of the Cleveland Browns warms up before a game against the Denver Broncos at FirstEnergy Stadium on October 21, 2021 in Cleveland, Ohio. Emilee Chinn | Getty Images Sport | Getty Images Odell Beckham Jr. has a new team. The National Football League wide receiver agreed to a deal with the

Medical staff take care of a Covid-19 patient in the Covid-19 intensive care unit of the community hospital (Klinikum Magdeburg) in Magdeburg, eastern Germany, on April 28, 2021. RONNY HARTMANN | AFP | Getty Images Germany was once seen as the poster child of how to deal with the coronavirus. Now, it’s recording close to

CNBC’s Jim Cramer said Wednesday he believes there are four standout stocks that investors should buy if they want to bet on the success of the so-called metaverse. “Going forward, there will be many companies who try to claim they got a piece of the metaverse,” the “Mad Money” host said. However, for now, he

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as U.S. sales shrank. The company’s fourth-quarter outlook also fell short of Wall Street’s

Bentley, the ultra-high end British car maker, is enjoying some of its best years. The century-old automaker reached record sales of 11,206 units in 2020, despite the pressures of the coronavirus pandemic. That momentum carried into this year. The first half of 2021 also already yielded more profits than the company earned in any year

Quarterback Aaron Rodgers #12 of the Green Bay Packers watches from the sidelines during the second half of the NFL game at State Farm Stadium on October 28, 2021 in Glendale, Arizona. The Packers defeated the Cardinals 24-21. Christian Petersen | Getty Images The National Football League has fined the Green Bay Packers and their

College life can be stressful as students try to juggle schoolwork, employment, internships, extracurricular activities and their social lives — all while living on their own, many for the first time. And, while the pandemic added an extra layer of stress for all of us, young adults were hit harder than other generations. “Even though