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CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital
Created: Fri, 12 Aug 2022 00:32:02 GMT
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The public health agency said the virus now poses a significantly lower risk due to high levels of immunity from vaccines and infections.
Disney is raising prices, but this time, don't blame inflation
Created: Thu, 11 Aug 2022 20:08:41 GMT
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Disney is raising prices on the strength of its brand and products rather than because of inflation.
Read more: Disney is raising prices, but this time, don't blame inflation
GM reveals new GMC Canyon premium midsize pickup, starting at $40,000
Created: Thu, 11 Aug 2022 15:00:01 GMT
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GM expects to begin producing the 2023 Canyon early next year, with new AT4X off-road models beginning in spring.
Read more: GM reveals new GMC Canyon premium midsize pickup, starting at $40,000
Back-to-school shopping takes 'a major financial toll' amid high inflation. Here's how to save on supplies for the fall
Created: Thu, 11 Aug 2022 14:36:36 GMT
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Top tips to save on school supplies as back-to-school shopping takes a bigger bite of the budget this year.
Wholesale inflation fell 0.5% in July, in another sign that price increases are slowing
Created: Thu, 11 Aug 2022 14:07:11 GMT
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The producer price index, which gauges the prices received for final demand products, fell 0.5% from June.
Read more: Wholesale inflation fell 0.5% in July, in another sign that price increases are slowing
Short-term yields dip, 10-year Treasury yield pops after another report shows easing inflation
Created: Thu, 11 Aug 2022 20:15:55 GMT
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U.S. Treasury yields were mixed on Thursday as market participants assessed monetary policy expectations after a key report showed a slowdown in inflation.
Disney lowers longer-term forecast for Disney+ subscribers by 15 million
Created: Wed, 10 Aug 2022 23:01:34 GMT
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Disney lowered its Disney+ subscriber guidance to 215 million to 245 million by the end of fiscal 2024.
Read more: Disney lowers longer-term forecast for Disney+ subscribers by 15 million
Jim Beam maker says some customers trading down, others still paying more for high-end liquor
Created: Wed, 10 Aug 2022 18:42:27 GMT
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Some price-sensitive whiskey and tequila drinkers are swapping out their high-end bottles for cheaper options, according to Beam Suntory.
FCC denies SpaceX bid for nearly $1 billion in rural broadband subsidies for Starlink
Created: Wed, 10 Aug 2022 21:46:32 GMT
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The FCC said Starlink "failed to demonstrate that the providers could deliver the promised service" needed to receive the subsidies.
Read more: FCC denies SpaceX bid for nearly $1 billion in rural broadband subsidies for Starlink
The easing of inflation pressures is giving the economy some breathing room, for now
Created: Wed, 10 Aug 2022 18:58:35 GMT
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If inflation has been the biggest threat to U.S. economic growth, then July's data should provide signs that there's at least some relief in the pipeline.
Read more: The easing of inflation pressures is giving the economy some breathing room, for now
Ford CEO doesn't expect electric vehicle battery costs to drop anytime soon
Created: Thu, 11 Aug 2022 02:09:51 GMT
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Ford CEO Jim Farley said the prices of key battery minerals will likely stay elevated for a while, but the company is looking into alternatives.
Read more: Ford CEO doesn't expect electric vehicle battery costs to drop anytime soon
How the EV tax credits in Democrats' climate bill could hurt electric vehicle sales
Created: Wed, 10 Aug 2022 19:09:23 GMT
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Proposed tax credits of up to $7,500 for EVs under the Inflation Reduction Act could be counterintuitive for sales of EVs, according to several companies.
Read more: How the EV tax credits in Democrats' climate bill could hurt electric vehicle sales
Boeing delivers first 787 Dreamliner since 2021 ending pause over manufacturing flaws
Created: Wed, 10 Aug 2022 18:16:57 GMT
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American Airlines took the first delivery from Boeing's 787 factory in South Carolina, the carrier's CEO, Robert Isom, said in an Instagram post.
Read more: Boeing delivers first 787 Dreamliner since 2021 ending pause over manufacturing flaws
Business travel costs are expected to rise through 2023, industry report says
Created: Wed, 10 Aug 2022 15:45:30 GMT
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Business travel has rebounded but challenges include economic weakness and labor shortages.
Read more: Business travel costs are expected to rise through 2023, industry report says
Gas is cheaper but groceries are not: How to save as food inflation jumps at the fastest pace since 1979
Created: Wed, 10 Aug 2022 15:46:30 GMT
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Food costs climbed 1.1% in July, bringing the year-over-year gain to 10.9%, according to the latest Consumer Price Index figures.
Google pushes Apple to adopt a new kind of text messaging, criticizes 'green bubbles'
Created: Thu, 11 Aug 2022 02:06:50 GMT
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Google, the developer of the Android operating system, has increased its pressure on Apple to adopt RCS, a next-generation standard for text messaging.
Read more: Google pushes Apple to adopt a new kind of text messaging, criticizes 'green bubbles'
Samsung just announced two new phones that fold in half
Created: Thu, 11 Aug 2022 02:05:16 GMT
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Samsung's Galaxy Z Fold 4 and Galaxy Z Flip 4 can be ordered Wednesday and launch Aug. 26.
Read more: Samsung just announced two new phones that fold in half
Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Created: Thu, 11 Aug 2022 11:00:21 GMT
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Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month.
Read more: Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Do you know what your credit score is? Here's everything you need to know
Created: Wed, 10 Aug 2022 14:40:29 GMT
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Do you actually know what your credit score is and how that number impacts your life? CNBC's Emily Lorsch breaks down everything you need to know.
Read more: Do you know what your credit score is? Here's everything you need to know
Wild swings in mortgage rates last week caused a rare surge in refinancing
Created: Wed, 10 Aug 2022 22:39:21 GMT
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Mortgage rates made unusually wide swings last week, and that may have caused some borrowers to try to take advantage and save money on a refinance.
Read more: Wild swings in mortgage rates last week caused a rare surge in refinancing
Disney's earnings could define how the media industry views streaming's future
Created: Wed, 10 Aug 2022 10:11:06 GMT
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A big quarter for Disney+ will give investors hope there's still growth in streaming, while disappointing numbers will ring alarm bells.
Read more: Disney's earnings could define how the media industry views streaming's future
10-year Treasury yield falls slightly after July consumer prices come in unchanged from prior month
Created: Wed, 10 Aug 2022 20:25:17 GMT
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Yields fell in response to a data release showing slower inflation in July.
Elon Musk sells 7.92 million Tesla shares worth $6.88 billion
Created: Wed, 10 Aug 2022 15:16:29 GMT
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Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night.
Read more: Elon Musk sells 7.92 million Tesla shares worth $6.88 billion
Sen. Ron Johnson faces Democratic challenger Mandela Barnes in Wisconsin general election
Created: Wed, 10 Aug 2022 01:22:50 GMT
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Democrats have zeroed in on Johnson, who is backed by former President Donald Trump, as they fight to hang onto their razor-thin Senate majority.
Read more: Sen. Ron Johnson faces Democratic challenger Mandela Barnes in Wisconsin general election
FBI seized about a dozen boxes in raid of Trump home in Florida, lawyer says
Created: Wed, 10 Aug 2022 00:23:13 GMT
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The raid of the Florida residence of former President Donald Trump is related to possible violation of the Presidential Records Act, his lawyer said.
Read more: FBI seized about a dozen boxes in raid of Trump home in Florida, lawyer says
Sweetgreen's stock falls after salad chain lowers forecast, announces layoffs and office downsizing
Created: Wed, 10 Aug 2022 14:30:11 GMT
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Sweetgreen said it will lay off 5% of its workforce and downsize to a smaller office building to lower its operating expenses.
Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
Created: Tue, 09 Aug 2022 22:49:16 GMT
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Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell.
Read more: Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
FDA expands monkeypox vaccine authorization to increase dose supply, allows shots for children
Created: Tue, 09 Aug 2022 22:58:10 GMT
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The FDA will allow health-care providers to administer the shots through intradermal injection, or between the layers of the skin, for adults.
Mike Pence says FBI search of Trump's home raises 'deep concern,' urges Garland to explain
Created: Wed, 10 Aug 2022 23:58:05 GMT
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Pence's tweets echoed complaints that Trump and his political allies are being unjustly targeted by the DOJ and its Biden-backed AG Merrick Garland.
Trump tax returns must be given to Congress, federal appeals court says in new ruling
Created: Tue, 09 Aug 2022 19:27:04 GMT
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The ruling on ex-President Donald Trump's tax returns came a day after the FBI raided his Florida residence as part of a probe into White House documents.
Read more: Trump tax returns must be given to Congress, federal appeals court says in new ruling