In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT Frank Slootman, CEO of Snowflake, on the day of the company’s initial public offering on Sept. 16, 2020. CNBC Snowflake said Wednesday that CEO Frank Slootman, 65, is retiring, and will be replaced by former Google ad chief Sridhar Ramaswamy. The shares plunged 20% in
A “grapple test” of the OSAM-1 spacecraft’s robotic servicing arm. NASA NASA is shutting down a $2 billion project to test satellite refueling in space, it announced Friday, after the agency’s auditor criticized the program’s lead contractor, Maxar, citing “poor performance.” The space agency said in a statement that the OSAM-1 — On-orbit Servicing, Assembly,
A United Auto Workers union member holds a sign outside the Stellantis Sterling Heights Assembly Plant to mark the beginning of contract negotiations in Sterling Heights, Michigan, on July 12, 2023. Rebecca Cook | Reuters Many Americans long for the days when companies guaranteed workers income in retirement. That includes Sara Schambers, a fourth-generation Ford
In this article IQ Follow your favorite stocksCREATE FREE ACCOUNT A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the
Valentinrussanov | E+ | Getty Images The IRS has unveiled final testing for Direct File, the agency’s free tax filing program, with plans to fully open in 12 pilot states on March 12. Starting March 4, Direct File will expand final testing for eligible new users to begin federal returns, with availability 24 hours per
In this article SPR BA Follow your favorite stocksCREATE FREE ACCOUNT Airplane fuselages bound for Boeing’s 737 Max production facility sit in storage at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Nick Oxford | Reuters Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for
Customers look at appliances for sale at a Best Buy store in Miami, Florida, Oct. 8, 2021. Joe Raedle | Getty Images Sara Rathner didn’t want to replace her clothes dryer. But a part was clearly broken, causing the machine to make a high-pitched squealing sound every time she dried a load of laundry. “We
In this article DELL Follow your favorite stocksCREATE FREE ACCOUNT Matthew Busch | Bloomberg | Getty Images Shares of Dell Technologies popped more than 18% in extended trading Thursday after the company released fourth-quarter results that beat analysts’ estimates on top and bottom lines. Here’s how the company did: Earnings per share: $2.20 adjusted vs.
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters Regional lender New York Community Bank finds itself in an apparently worsening predicament just as the anniversary of last year’s banking
Amanda Edwards | Getty Images Entertainment | Getty Images In Middletown, Ohio, a line of fans snaked around the Skateway’s parking lot on Presidents Day. Traffic backed up on the main street out front. A pizza truck lumbered into the already crowded lot to deliver some pies. A crowd of predominantly young girls showed off Taylor
Lacy Schneemann of the Florida Smash returns a shot during a group play Major League Pickleball match against BLQK at Pickle & Chill in Columbus, Ohio, on Oct. 15, 2022. Emilee Chinn | Getty Images Major League Pickleball and the Professional Pickleball Association have completed their long-awaited merger agreement and infused new capital into the
In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT Fuse | Corbis | Getty Images When you buy or sell a home, your real estate agent’s commissions can trim thousands of dollars off the sale price — but many consumers don’t realize you can negotiate those terms. Nearly a third, 31%, of homebuyers and
Supply chain disruptions are causing a production backlog at the world’s largest truckmaker, Daimler Trucks. Bloomberg | Getty Images Shares of Daimler Truck hit a fresh all-time high Friday, spiking more than 13.5% in early deals, after posting record full-year profit and announcing a 2 billion euro ($2.16 billion) share buyback program. The German truck
The sun sets on the skyline of midtown Manhattan, the Empire State Building and Hudson Yards in New York City on February 17, 2024. Gary Hershorn | Corbis News | Getty Images The entry barriers to the 1% rich club have been getting tougher across the world. Here’s how much you need to join the
In this article TSLA F Follow your favorite stocksCREATE FREE ACCOUNT An all-electric Ford Mustang Mach-E at a Tesla Supercharger station charging. Ford DETROIT – Ford Motor is rolling out Tesla Supercharging capabilities to owners of its electric vehicles in the U.S. and Canada. The launch begins Thursday, but is expected to be supply constrained
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty Images A Harvard Business School graduate tricked his fellow alumni and associates into investing at least $2.9 million in a Ponzi scheme he ran, New York
In this article Follow your favorite stocksCREATE FREE ACCOUNT Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty Images Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024. Spencer Platt | Getty Images Shares of New York Community Bancorp fell 18% in extended trading Thursday after the regional lender announced a leadership change and disclosed issues with its
Christie’s auction house in New York. CNBC A version of this first article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Auction house Christie’s just sold a painting for more than $100 million, although the artwork, the
Eligible? One in five low to moderate earners eligible to receive a check from the U.S. Treasury aren’t aware that they need to take action now to claim a credit called the Earned Income Tax Credit (EITC). Why are people missing this opportunity to receive extra money? I don’t have the answer, but I’ll guess