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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.

Read more: CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital


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.

Read more: Back-to-school shopping takes 'a major financial toll' amid high inflation. Here's how to save on supplies for the fall


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.

Read more: Short-term yields dip, 10-year Treasury yield pops after another report shows easing 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.

Read more: Jim Beam maker says some customers trading down, others still paying more for high-end liquor


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.

Read more: Gas is cheaper but groceries are not: How to save as food inflation jumps at the fastest pace since 1979


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.

Read more: 10-year Treasury yield falls slightly after July consumer prices come in unchanged from prior month


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.

Read more: Sweetgreen's stock falls after salad chain lowers forecast, announces layoffs and office downsizing


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.

Read more: FDA expands monkeypox vaccine authorization to increase dose supply, allows shots for children


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.

Read more: Mike Pence says FBI search of Trump's home raises 'deep concern,' urges Garland to explain


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

 
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