Business

In this article AMC Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last

When pandemic lockdowns swept the country in Spring 2020, there were concerns that the booming podcast business might take a pause — the dramatic decline in people commuting meant fewer people listening on the go. Podcast downloads did initially decline, 10% between February 25 and March 25, but instead of that decline accelerating, digital audio

Free speech advocate Suzanne Nossel said Thursday she found John Cena’s apology to China “troubling” after he called Taiwan a country during a promotional interview for his upcoming film, “Fast and Furious 9.” “It felt like a forced confession,” Nossel, the CEO of nonprofit Pen America, told CNBC’s “The News with Shepard Smith.” “This clear

In this article MDLZ Mondelez CEO Dirk Van de Put on Thursday called its latest acquisition a “win win” for both companies involved in the deal. The Oreo-maker announced Wednesday its acquisition of Chipita, a Greek company whose croissants and baked snacks helped it generate $580 million in sales last year. The purchase sets Mondelez

The company test fires a 3D-printed Aeon rocket engine in March 2021. Relativity Space Relativity Space is pushing the boundaries of 3D-printing to build rockets but CEO Tim Ellis sees the company’s influence reaching beyond the space industry. “We’re reinventing the underpinnings of not just building rockets, but the whole stack of how you actually

Electric vehicle manufacturing currently faces an “embedded carbon” challenge, says Jefferies’ Simon Powell. “To gain the environmental dividend that governments are looking for, users are going to have to keep them longer, drive them further than they may have done with a conventional internal combustion energy vehicle,” Powell, head of global thematic research at the

In this article HCA GOOGL CNBC’s Jim Cramer expressed optimism Wednesday toward Google‘s new health-care venture with hospital chain HCA Healthcare, heralding the deal as the latest positive catalyst for shares of the technology giant. “It’s the kind of thing that makes you want to buy the stock, and even though Google’s up 36% for

In this article AMZN RAD WBA CVS Store signs from CVS, Rite Aid and Walgreens stores. Getty Images Shares of CVS Health, Walgreens Boots Alliance and Rite Aid are falling Wednesday on a report that Amazon may open brick-and-mortar pharmacies. CVS shares were down about 3%, Walgreens shares were down nearly 4% and Rite Aid

Zoom In IconArrows pointing outwards SINGAPORE — Malaysia’s daily Covid-19 cases are climbing rapidly and have surpassed India’s on one critical measure, according to statistics site Our World in Data. India has been experiencing a devastating second wave since April and has the world’s second largest Covid caseload. The country’s daily case count, while trending

Investors should take advantage of market pullbacks in the near-term, CNBC’s Jim Cramer said Tuesday, suggesting there’s a range of positive catalysts that will propel stocks higher. “The stock market runs on cycles. When you have this many running at once, the averages tend to be pretty darn resilient,” the “Mad Money” host said, shortly

[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] Officials from the National Institutes of Health testify before Congress Tuesday on the agency’s annual budget as the nation battles the Covid-19 pandemic. Witnesses include White House chief medical advisor

A patient receives oxygen while she waits outside a hospital in Kathmandu, Nepal on May 13, 2021. Government hospitals in the country lack beds for Covid-19 patients. Sunil Pradhan | Anadolu Agency | Getty Images India is currently at the epicenter of the global coronavirus pandemic — but it is not the only country with

CNBC’s Jim Cramer said Monday he believes stocks are in a position to keep rallying for the “foreseeable future,” pointing to a number of bullish factors including cooling in the IPO and SPAC markets. “If I say it could end any minute, I’d be worse than most of these bears who spout jeremiads about how

In this article T DISCA DIS NFLX John Malone Matthew Staver | Bloomberg | Getty Images The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC’s David Faber. In an interview that aired Monday, Malone said his previous reservations about HBO Max’s ability to be a dominant

Economic forecasts predicting the potential impact of climate change have grossly underestimated the reality and delayed global recovery efforts by decades, according to a leading professor. Mainstream economists “deliberately and completely” ignored scientific data and instead “made up their own numbers” to suit their market models, Steve Keen, a fellow at University College London’s Institute

Brian and Quentin at Ranch Rider Spirits. Source: Ranch Rider Spirits Ranch Rider Spirits’ cocktail line is about as Texan as you can get. Built and bred in the vibrant heart of Austin, Texas, the canned cocktails are the tradecraft of co-founders Quentin Cantu and Brian Murphy. Ranch Rider Spirits offers four distinctly Texan craft

Artist drawing of a supersonic jet designed to fly at speeds up to Mach 1.4 or approximately 1,000 miles per hour. Aerion Corporation Aerion Supersonic, the Nevada-based company that planned to build business jets capable of silently flying nearly twice as fast as commercial aircraft, is shutting down, the company confirmed to CNBC on Friday.

In this photo illustration, a message saying “COVID-19 PCR test result has been verified, of Travel Pass app mobile application by IATA (International Air Transport Association) seen displayed on a smartphone screen in front of IATA logo. Pavlo Gonchar | LightRocket | Getty Images Italy, Iceland, Greece and Spain now allow or are opening their

Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Virgin Galactic took a step closer to completing development of its space tourism system on Saturday, successfully flying its first spaceflight in

Head Coach Quin Snyder of Team LeBron coaches during the 70th NBA All Star Game as part of 2021 NBA All Star Weekend on March 7, 2021 at State Farm Arena in Atlanta, Georgia. Jesse D. Garrabrant | National Basketball Association | Getty Images Luceo Sports, a software company that digitizes and animates sports playbooks,