Business

In this article RY4C-IE AIR-FR BMW-DE RR.-GB Rolls-Royce’s all-electric Spirit of Innovation takes to the skies for the first time. Courtesy: Rolls-Royce Rolls-Royce said Friday its electric aircraft had reached a maximum speed of 623 kilometers per hour (a little over 387 miles per hour), with the firm claiming this made the airplane the “world’s
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Indian start-up Mensa Brands has catapulted to billion-dollar unicorn status in just six months and, in a more rarified feat, is already profitable, its founder told CNBC. The direct-to-consumer brand aggregator this week became the fastest company in India’s history to hit the coveted threshold after closing its $135 million Series B funding round at
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CNBC’s Jim Cramer on Thursday highlighted two characteristics that are prevalent on Wall Street, suggesting investors can find success by owning companies that exhibit them both. “It’s awfully hard to go wrong when you bet on companies with strong sales growth and rising gross margins,” the “Mad Money” host said. Those financial attributes are currently
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In this article WMT CNBC’s Jim Cramer said Wednesday he’s looking to buy additional Walmart shares after the big-box retailer’s stock declined following its third-quarter earnings report. Although Walmart beat Wall Street’s expectations on per-share earnings and quarterly revenue, the “Mad Money” host said institutional investors are likely focusing on the company’s declining margins, leading
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istocksdaily | iStock | Getty Images Business travel spending worldwide will likely jump more than 37% next year to over $1 trillion but the normally lucrative industry won’t fully recover until 2024, according new industry forecast released Wednesday. Surges of Covid cases and new variants, uneven vaccination rates and supply chain problems hurt this year’s
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Police officers monitor compliance with the lockdown in Innsbruck during the first day of a nationwide lockdown for people not yet vaccinated against the Covid-19. Jan Hetfleisch | Getty Images Austria has imposed fresh lockdown measures on around 2 million unvaccinated people, with individuals facing fines if they fail to comply with the rules. Those
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People shout slogans against the government as they arrive to the City Hall in protest of COVID-19 vaccine mandate in New York City, October 25, 2021. Eduardo Munoz | Reuters A federal appeals court with a GOP-appointed majority will decide the fate of President Joe Biden’s vaccine and testing requirements for private businesses, casting further
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In this article LCID TSLA People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Lucid Group CEO Peter Rawlinson believes there’s a long runway for the electric vehicle start-up’s stock and market value to surpass traditional
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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
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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
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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,
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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
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