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
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 QSR-CA Firehouse Subs Laura Kalcheff | Moment Mobile | Getty Images Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion. Shares of the restaurant conglomerate rose 2% in premarket trading on the news. The stock has fallen 4% this year, giving it a market value of
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
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Actors often don’t like to watch their own work once it is out in the public, but no one finds it more difficult to watch HBO’s “Succession” than those who have actually lived the life
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,
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
Head coach Jon Gruden of the Las Vegas Raiders reacts to the crowd during warmups before a preseason game against the Seattle Seahawks at Allegiant Stadium on August 14, 2021 in Las Vegas, Nevada. Ethan Miller | Getty Images Former Las Vegas Raiders coach Jon Gruden, who resigned last month after revelations that he had
VIENNA, AUSTRIA – OCTOBER 26: People, holding placards and banners, gather to protest against COVID-19 measures, vaccination and government following the increasing number of cases in recent days. Anadolu Agency | Anadolu Agency | Getty Images Austria is expected to impose lockdown restrictions on millions of unvaccinated people in the coming days. Chancellor Alexander Schallenberg
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,
A vial of Pfizer-BioNTech Covid-19 vaccine is seen at a pop up vaccine clinic in the Arleta neighborhood of Los Angeles, California, August 23, 2021. Robyn Beck | AFP | Getty Images A pharmacy in Virginia incorrectly administered Pfizer and BioNTech’s Covid-19 shots to 112 children last week, according to the state Department of Health.
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
Semi-trailer trucks move along Lincoln Highway while using the indirect interchange from Interstates 70, the Pennsylvania Turnpike and U.S. Route 30 on October 14, 2021 in Breezewood, Pennsylvania. Chip Somodevilla | Getty Images National industry groups representing retail, truckers and independent businesses sued the Biden administration on Wednesday over its vaccine and testing requirements for
In this article AMC An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, June 2, 2021. Carlo Allegri | Reuters AMC Entertainment has set a new, more attainable target for the 2021 domestic box office in its bid for a profitable fourth quarter. The movie theater chain
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