business news

3 takeaways from Wednesday’s Investment Club ‘Morning Meeting’

Every weekday, the CNBC Investing Club with Jim Cramer hosts a live “Morning Meeting” broadcast at 10:20 a.m. ET. Here’s a recap of Wednesday’s highlights: Jim’s favorite indicator in oversold territory Two stocks the Club is buying Where we stand at Disney 1. Jim’s favorite indicator in oversold territory Stocks were in and out on …

3 takeaways from Wednesday’s Investment Club ‘Morning Meeting’ Read More »

Chinese tech giants post worst growth on record due to zero Covid

Chinese tech giants, including Alibaba, have seen slower growth and no growth as China’s economy faces weakness as a result of Beijing’s zero-Covid policy. Qilai Shen | Bloomberg | Getty Images Chinese tech giants are coming off their worst quarter of growth on record as a major slowdown in the world’s second-largest economy, fueled by …

Chinese tech giants post worst growth on record due to zero Covid Read More »

There are no signs of a slowdown from ultra-rich car buyers

Ultra-rich supercar buyers show no signs of slowing their spending despite recession fears, according to Bugatti CEO Rimac. Mate Rimac said demand for the company’s all-electric Rimac supercars and its combustion engine Bugattis remains strong and may even be accelerating. “We don’t see any slowdown at the moment, quite the opposite,” he said. “With Bugatti, …

There are no signs of a slowdown from ultra-rich car buyers Read More »

Norway invests in Indian solar project, sees it as a priority market

India is targeting a major increase in its renewable energy capacity, but achieving its goals poses a major challenge. Puneet Vikram Singh | Moment | Getty Images Norway’s Climate Investment Fund and the country’s largest pension company, KLP, are set to invest in a 420 megawatt solar power project being developed in Rajasthan, India. The …

Norway invests in Indian solar project, sees it as a priority market Read More »

The 3 things Gap needs to fix to turn around its struggling business

A pedestrian walks past a Gap Inc. store. in Miami Beach, Florida. Scott McIntyre | Bloomberg | Getty Images Gap needs a new game plan — and fast. In April, the retailer announced the departure of the head of its Old Navy business, which was hit by marketing mistakes and supply chain upheavals after being …

The 3 things Gap needs to fix to turn around its struggling business Read More »

Amazon seller Packable lays off employees, begins liquidation

About a year ago, online retailer Packable was preparing to go public through a special-purpose buyout company. With the SPAC market having evaporated and the economy now sputtering, Packable is laying off staff and preparing to liquidate, according to internal documents reviewed by CNBC. Packable is the parent company of Pharmapacks, an online retailer of …

Amazon seller Packable lays off employees, begins liquidation Read More »

The Koch Network and other Trump allies are quietly backing his biggest GOP critic: Rep. Liz Cheney

Rep. Cheney’s role as vice chairman of the committee investigating Trump’s actions in the January 6 attack on the US Capitol has cost the third-ranking Republican in the US House her GOP tenure and her seat in Congress . She lost the Republican nomination in a landslide last week to one of Trump’s picks, Wyoming …

The Koch Network and other Trump allies are quietly backing his biggest GOP critic: Rep. Liz Cheney Read More »

3 takeaways from Tuesday’s Investment Club ‘Breakfast Meeting’

Every weekday, the CNBC Investing Club with Jim Cramer hosts a live “Morning Meeting” broadcast at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: Cramer Says He Doesn’t Trust the Market Starbucks Is the Newest Name in the Club Energy Stock Roundup 1. Cramer Says He Doesn’t Trust the Market Stocks turned green …

3 takeaways from Tuesday’s Investment Club ‘Breakfast Meeting’ Read More »

Dubai’s water attractions tap into the revenge tourism trend

The Deep Dive Dubai pool has been verified by Guinness World Records as the deepest pool in the world. Deep diving Dubai DUBAI, United Arab Emirates – In addition to year-round sunshine and a well-served international airport, Dubai continues to attract hordes of overseas visitors thanks to an unrivaled flair for publicity bolstered by a …

Dubai’s water attractions tap into the revenge tourism trend Read More »

Here’s what insurance advisors say you’ll need at every stage of life

Eric Audras/Getty Images What kind of insurance should you have at different stages of your life? When asked, financial advisors highlighted disability and life insurance as the most important type of coverage at any stage, as they apply throughout our lives. Additionally, counselors often discuss overlooked considerations for various points in your adult life. Here’s …

Here’s what insurance advisors say you’ll need at every stage of life Read More »