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Today β€” September 29th 2022Top News & Analysis

Google to shut down gaming service Stadia as CEO Pichai continues cost-cutting efforts

Google previously cut parts of Stadia's team, and the company has been looking for other places to shed costs.

Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more

These are the stocks posting the largest moves in midday trading.

β€˜The IRS is not the boogeyman.’ Here's what to do if you still can’t pay your taxes

If you're wrestling with tax debt, you may have options like an installment agreement or a penalty abatement through the IRS. Here's what filers need to know.

Analysts are battling it out over Apple, but we're standing by the iPhone maker

Despite conflicting analyst takes on Apple, we're not too concerned about the tech giant's production capacity and continue to back the stock.

Hurricane Ian is a reminder for all homeowners to check their insurance coverage for natural disasters

Whether your house is in an area prone to hurricanes, tornadoes, flooding, hail or wildfires, it's important to know what your insurance covers or excludes.

How to turn off the always-on display on the iPhone 14 Pro or Pro Max

The new always-on display on iPhone 14 Pro lets you see your home screen when your phone is locked. If you don't like this feature, here's how to turn it off.

How a decline in some Google searches shows retail investors are leaving the market

With the stock market well on its way to its worst year since the financial crisis, mom-and-pop investors appear to be losing interest.

We're holding our noses in a tough market and adding to an underappreciated stock

While the outlook for the economy remains highly uncertain, we're making one small buy in a position we've been itching to add to.

New California law could become a model for other states seeking to protect digital information related to abortions

If it's effective, the law could become a model for other blue states seeking to protect digital information related to abortion access.

'It’s just an arms race.' How to make the most of Amazon's next 'Prime Day' sale and Target's 'Deal Days'

Early sales events can be a great opportunity to save money on holiday gifts at a time when consumers feel cash-strapped.

Army major and doctor wife charged in plot to give U.S. military medical info to Russians to help in war against Ukraine

A U.S. Army major doctor and his physician wife have been charged with a plot to give military medical information to Russia to help in the war against Ukraine.

PGA Tour countersues LIV Golf in escalating antitrust fight

The PGA Tour filed a countersuit against LIV Golf late Wednesday, alleging that the Saudi-backed upstart league is guilty of anti-competitive practices.

There's an ESG backlash inside the executive ranks at top corporations

A CNBC survey of chief financial officers finds low support for an SEC climate rule, while many CFOs approve pushback against ESG in states like Florida, Texas.

Summer's over, but the European travel season isn't

Airlines aren't pulling back on U.S.-Europe capacity the way they did in 2019, before the Covid pandemic.

Buybuy Baby, a bright spot for Bed Bath & Beyond, reports steep drop in sales against tough comparisons

Bed Bath & Beyond chalked up the sales decline to tough year-over-year comparisons and pointed to initiatives to drive growth in the coming months.

Jan. 6 Capitol riot committee interviewing Ginni Thomas, wife of Supreme Court justice

Thomas was reportedly involved in efforts to challenge the 2020 presidential election results and spoke with Trump administration officials about those efforts.

A psychologist explains why some people stay put and party during a hurricane: 'We are prone to optimism bias'

The urge to hunker down, and sometimes get together, is both psychological and circumstantial.Β 

Citroen announces EV concept which uses recycled cardboard and has a top speed of 68 mph

Citroen says vehicle has a target weight of roughly 1000 kilograms, or one metric ton.

As Biden vows to 'protect' Social Security, here's what we know about the future of benefits

While President Joe Biden took issue at a Tuesday event with several GOP plans for Social Security, he did not propose specific plans to save the program.

Nintendo carries out 10-for-1 stock split to lure new investors to the Japanese gaming giant

Nintendo's stock split reduces the price of an individual share, potentially making it more attractive for investors to buy in to the Japanese gaming giant.

Erdogan says Turkey will keep cutting interest rates, mocks British pound

Erdogan doubled down on his controversial monetary plan on Thursday, saying that he told central bank decision-makers to continue lowering rates.

Lordstown Motors begins production of its Endurance electric pickup truck

Lordstown said it's on track to build about 50 of its electric Endurance pickups for customers by year-end.

SoftBank plans at least 30% staff cuts to Vision Fund, source confirms

SoftBank founder Masayoshi Son had foreshadowed cost-cutting this summer after the company posted a $21.6 billion quarterly loss for the Vision Fund.

Jobless claims hit five-month low despite Fed's efforts to slow labor market

Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening.

What Cramer is watching Thursday β€” September to forget and dueling Apple notes

Recession as we get to 5% on the 2-year Treasury yield or jawboning only?

Higher-income Medicare beneficiaries may face smaller premium surcharges in 2023. Here are tips for reducing or avoiding those extra amounts

Although the so-called income-related adjustment amounts, or IRMAAs, will be smaller in 2023, there may still be strategies for reducing what you pay.

Peloton will sell Bikes, Treads at Dick's Sporting Goods in its first brick-and-mortar partnership

Dick's Sporting Goods will begin selling Peloton equipment, the companies announced Thursday morning.

Spain says Nord Stream gas leaks likely a deliberate act β€” and points the finger at Russia

Swedish police are currently investigating the Nord Stream gas leaks and the European Union suspects sabotage.

Inflation has yet to peak, CFOs say, and recession is already here or soon to hit

A majority of CFOs surveyed by CNBC said they do not think inflation has peaked, and some expect a recession for the economy sooner than previously forecast.

Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan

Bed Bath & Beyond's results didn't reflect the struggling, debt-laden retailer's turnaround plan, which it announced in August.

Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more

These are the stocks posting the largest moves before the bell.

New Foreign Secretary Cleverly says UK's strategic shift to Indo-Pacific is 'permanent'

"The Indo-Pacific tilt is here to stay," James Cleverly said at the Milken Institute Asia Summit. "It is permanent."

UK PM Liz Truss defends tax cuts, vows to press on

Truss said her widely-criticized policies, which caused chaos in U.K. markets, would grow the economy while supporting households with higher bills.

Pension fund panic led to Bank of England's emergency intervention: Here's what you need to know

The Bank of England on Wednesday launched a historic intervention to stabilize the U.K. economy.

Amazon hikes pay for warehouse and delivery workers

The wage hikes come as Amazon prepares to enter the peak holiday shopping season, and it stares down growing organizing efforts among its front-line workforce.

Porsche shares rise in landmark Frankfurt debut

The original range for the non-voting preferred shares was set between 76.50 euros and 82.50 euros in a prospectus released Sept. 19.

Fake referendums in occupied Ukraine set the stage for annexation β€” and immense danger for Ukraine

The expected annexation of Russian-occupied territories in Ukraine into the Russian Federation could herald a dangerous moment for Ukraine.

Vestas launches 'world's tallest onshore tower for wind turbines'

Towers are crucially important components of a wind turbine.

Nasdaq says IPOs by Chinese firms could pick up 'dramatically' as delisting fears ease

Some 30 Chinese companies went public on the Nasdaq in the first half of 2021, said Bob McCooey, vice chairman of Nasdaq.
Yesterday β€” September 28th 2022Top News & Analysis

'Do not bet': China's central bank warns against yuan speculation

The People's Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week.

McDonald's owners group says company rejected request to delay big changes to franchise system

McDonald's rejected restaurant owners' request to delay new changes to its franchise policies, according to a letter viewed by CNBC.

Jim Cramer says Wednesday’s market rally was β€˜based on a dream’

Stocks rose on Wednesday as the Bank of England said it will buy back bonds to stabilize the currency market.

Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say

High-growth tech companies have taken big market hits, but it's far from certain they've bottomed. The IPO market could take years to recover.

Supreme Court confirms public can attend hearings in October for first time since Covid lockdown of March 2020

The Supreme Court shut down public access to hearings in early 2020 at the beginning of the coronavirus pandemic.

Many large-cap active managers are beating their benchmarks, despite 2022's market tumult

According to the SPIVA U.S. Scorecard, a new study by S&P Global, large-cap active managers are experiencing best year against their benchmarks since 2009.

Tesla adds Airbnb co-founder Joe Gebbia to board

Tesla adds Airbnb cofounder Joe Gebbia to board

Jim Chanos says this is the biggest investing story that no one is talking about

Troubles in the Chinese real estate market are coming in a distant third to the war in Ukraine and interest rate hikes aimed at quelling inflation.

This mutual fund designed for inflation protection is trouncing stocks and bonds this yearβ€”here's what it invests in

This mutual fund contains a diversified mix of inflation-sensitive assets, so some element in this portfolio should ideally always work, its manager says.

Virginia Gov. Youngkin predicts GOP midterm wins could help ease recession fears

Virginia Gov. Glenn Youngkin predicts that Republican gains in the 2022 midterms would be a reset on the economy and may help curb recession woes.

How to navigate a bear market β€” we look to history for answers and tell you how we're doing it

There are various options for how different sorts of people can invest during a bear market like the one we find ourselves in.

Biden approves an additional $1.1 billion in security assistance for Ukraine

So far, the U.S. has committed more than $16.9 billion in security assistance to Ukraine since January 2021.

German tech giant SAP actually benefits from strong dollar and supply chain troubles, CEO says

"Our biggest competitors are in the U.S., so the strong dollar actually benefits us," SAP CEO Christian Klein said in an interview.

Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations

Ken Griffin, Citadel FounderΒ & CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes.

Google adds new search features to try to give users the 'vibe' of a city or neighborhood

The company held its third annual Search On event Wednesday.

A new wave of UK port labor strikes begins, with 'massive impact' for Christmas supply chain

The Unite union representing dock workers at Port of Liverpool will strike again in mid-October over wages and inflation.

A single dose of monkeypox vaccine provides some protection against infection, CDC says

These are the first real-world findings on how well the vaccine is working in the current outbreak.

ESG without returns is 'simply not sustainable,' says investor Lauren Taylor Wolfe

Sustainable investing broadly has come under fire due to varied definitions and diverging financial performance. Three experts share their industry view.

IRS erred on child tax credit payments for millions of eligible families β€” but aid was 98% accurate overall, report finds

The IRS skipped advanced child tax credit payments for millions and mistakenly sent payments to filers who didn't qualify. But aid was 98% accurate overall.

Cathie Wood's Ark is buying stock in space SPAC Rocket Lab

Cathie Wood's Ark Invest is dipping back into a space SPAC, with two of the firm's funds buying up stock in Rocket Lab the past two days.

Ian weakens to tropical storm after making landfall in Florida as a category 4 hurricane

The storm made landfall over the west coast of Florida as a category 4 storm on Wednesday afternoon, according to the National Hurricane Center.

Rent prices will keep going up in 2023β€”here's what to expect

Rent price increases are getting smaller, but they are expected to be above normal levels well into 2023.

Stocks making the biggest moves midday: Apple, Netflix, Biogen, Canopy Growth and more

These are the stocks posting the largest moves in midday trading.

Amazon dominates the $113 billion smart home market β€” here's how it uses the data it collects

From Alexa to Ring, Amazon is the biggest player in the $113 billion smart home market. Now, its proposed acquisition of iRobot is being probed by the FTC.

Tensions rise in West Coast port labor battles, with unions and management trading accusations

Labor battles at Oakland and Seattle-Tacoma ports have led to accusations of hostile tactics by both unions and management.

Why is everyone crying on LinkedIn? Users share why they're getting so personal on the networking site

The flooding of LinkedIn with selfies and chaotic "life lessons" was propelled by Covid-19 and bolstered by the platform's algorithm favoring personal content.Β 

California job-seekers will soon see salary ranges on job postings

The law, in effect January 1, 2023, will require nearly 200,000 companies in the state with 15 or more employees to start disclosing pay ranges on job ads.

10-year yield drops the most since 2020 after touching 4%

The benchmark 10-year Treasury briefly topped 4% on Wednesday before plunging on a bond-buying plan from the Bank of England.

We're still backing Apple, even as shares fall on supplier report about new iPhones

This report is not confirmed and not something Jim Cramer heard when spoke with suppliers.

Pimco's Ivascyn sees a mild recession ahead and several investing opportunities

The U.S. is likely headed toward a "fairly mild recession" due to strong fundamentals, according to Pimco bond expert Dan Ivascyn.

Waiting for market bottom is a mistake and investors should buy now, David Rubenstein says

Investors shouldn't be afraid to buy discounts now even if the market hasn't bottomed yet, David Rubenstein said during CNBC's Delivering Alpha.

Holiday sales at Target and Amazon are starting in Octoberβ€”here’s why shopping early is a smart financial move

Major retailers such as Target and Amazon are unveiling early discounts ahead of the holiday shopping season. Here's how starting early can help you save.

These are the 10 best large airports in North Americaβ€”New York's infamous LaGuardia didn't make the list

J.D. Power ranked large airports in North American based on overall customer satisfaction.

Treasury's Wally Adeyemo says Biden administration is doing everything it can to combat inflation and recession

Deputy Treasury Secretary Wally Adeyemo tells CNBC's Ylan Mui that Biden administration economic policies will lead to a brighter economic outcome.

Covid vaccination linked to slight increase in menstrual cycle, NIH study confirms

A change in menstrual cycle length of eight days or less is considered within the normal range of variation, according to NIH.

How to make the buy vs. rent housing decision as mortgage rates surge

Many Americans have never seen mortgage rates this high, and at time of high home prices. Here's how to know if it makes sense to buy or is better to rent.

Papa John's is the latest employer to offer free college for frontline workers

Free college as a workplace benefit is increasingly popular. Papa John's expanded this offering to 12,000 full- and part-time staff.

Increased demand and burnout are driving many BIPOC therapists to β€˜the breaking point’

BIPOC therapists are noticing that their peers of color are leaving the field in large quantities and worry about what this could mean for minority patients.

Stanley DruckenmillerΒ sees 'hard landing' in 2023 with a possible deeper recession than many expect

Stanley DruckenmillerΒ spoke at CNBC Delivering Alpha Investor Summit in New York City Wednesday.

What the first legal challenge to derail Biden's student loan forgiveness plan means for borrowers

A conservative legal group brought the first legal challenge to President Joe Biden's sweeping plan to cancel up to $20,000 in student debt for millions of people.

Record number of UK mortgage deals pulled in one day as market mayhem takes hold

Hundreds of mortgage deal offers in the U.K. have been pulled after market chaos sparked concerns about interest rates rising as high as 6% for 2023.

Billionaire investor Ray Dalio says UK’s economic plan 'suggests incompetence'

The financial market turmoil resulting from the U.K. government's spending plan "suggests incompetence," according to billionaire investor Ray Dalio.

Apple stock dips on report the company is bailing on plans to boost new iPhone production

Apple has told suppliers not to follow through on plans to increase iPhone 14 production, according to Bloomberg.

DocuSign to cut workforce by 9% as part of restructuring plan

DocuSign will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday.

Lionsgate leaning toward spinning off its studio business instead of Starz

Lionsgate hasn't given up on also selling a minority stake in Starz, but there's more investor interest in the studio business.

What Cramer is watching Wednesday β€” oversold market bounce; promising Alzheimer's drug

Our trusted S&P Oscillator at minus 12.6. That indicates extremely oversold conditions.

Wall Street's texting problem forces unhappy regulators to send a billion dollar message

Communicating on private devices makes it difficult for banks to maintain record-keeping of what everyone is doing, as they are required to do by law.Β 

How Netflix lost its edge over the competition

For over 25 years, Netflix changed the landscape of film and television forever. However, in 2022 it is losing subscribers and some of its top content.

Why are houses so expensive right now? Blame remote work

Higher demand for working from home accounted for over 60% of overall price hikes and similar increases in rent between 2019 and 2021, new research has found.

WTO says it's not β€˜shying away’ from Qatar World Cup controversy as it teams up with FIFA

Benefits of working with FIFA to create more jobs in Africa offsets the controversies surrounding Qatar, the World Trade Organization said.

Stocks making the biggest moves premarket: Biogen, Thor Industries, Lyft and more

These are the stocks posting the largest moves before the bell.

LeBron James is a pickleball fan. And now he's buying a team

LeBron James, the king of basketball courts, is one of the newest owners of a professional pickleball team.

Europe vows β€˜robust and united’ response to suspected sabotage of two Russian gas pipelines

Some European leaders have suggested possible sabotage, particularly as the suspected attack comes amid a bitter energy standoff between Brussels and Moscow.

Facebook and Bain have a new tool to help employees track their contributions to climate change

Climate Club aims to help employees figure out how to reduce their emissions associated with work, such as business travel and remote work.

Mortgage refinancing drops to a 22-year low as interest rates surge even higher

Mortgage rates drove higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That hurt mortgage demand.

One-way economy flights from Moscow to Dubai are nearly $5,000 as Russians flee mobilization call

The roughly five-hour flight cost around $350 one week before Putin's mobilization announcement on Sept. 21.

Adobe’s Figma deal brings new users to open-source challenger Penpot, which just raised $8 million

Penpot, a 2-year-old open-source project, is getting new deployments after larger rival Figma agreed to be bought by software giant Adobe.

UK already in a full-year recession as Europe faces tough winter, S&P Global says

The U.K. is already in the throes of a full-year recession, according to S&P Global Ratings, while Europe faces a tough winter and rising credit risk.

Bank of England intervenes in bond market after historic sell-off

The Bank of England will suspend the planned start of its gilt selling next week and begin temporarily buying long-dated bonds to calm recent market chaos.

South Korea seeks to freeze $62 million of bitcoin linked to crypto founder Do Kwon as manhunt continues

South Korean authorities said they have asked two cryptocurrency exchanges KuCoin and OXK to freeze more than $60 million worth of bitcoin linked to Do Kwon.

Lego sales jump 17% in first half of 2022, boosted by Star Wars and Harry Potter sets

Lego revenue jumped 17% during the first six months of 2022, boosted by top-selling building set tie-ins with Star Wars and Harry Potter.

As long as the world needs oil and gas, we'll give it, says UAE climate change minister

"It's really important that economic growth, energy security and climate action must be worked at together," said Mariam Almheiri.

The U.S. and Europe are running out of weapons to send to Ukraine

NATO Secretary-General Jens Stoltenberg held a special meeting of the alliance's arms directors to discuss ways to refill member nations' weapons stockpiles.

'We are not rich:' A couple share one money tip that lets them travel full time β€” on land and sea

Samantha Khoo and Rene Sullivan sold their possessions in 2017 to travel full time. Here's why they're trading van life for a sailing lifestyle.

IMF gives damning verdict on Britain's tax cuts

The IMF says it "does not recommend large and untargeted fiscal packages" and that the U.K.'s latest economic measures will "likely increase inequality".

GE to work on converting old, gas-fired power station in Britain into a battery storage facility

In recent months, a number of big companies have made plays in the energy storage sector.

A game about sheep is going viral in China even as gaming regulation remains tight

A new game that's gone viral in China hit people's screens with surprising speed at a time when giants such as NetEase have waited months for title approvals.
Before yesterdayTop News & Analysis

Ford unveils new F-Series Super Duty trucks designed to boost its commercial, software services businesses

Ford is redesigning a pivotal product lineup, leaning on new software and connected data metrics, to boost profits in its commercial vehicle business.

Jim Cramer's 'dirty dozen' stocks that underscore the carnage in the IPO market

This year's market downturn has hit the IPO market hard.

Amazon temporarily closes some Florida warehouses as Hurricane Ian approaches

Employees at Amazon sites near Tampa and Orlando received notices of temporary closures.

Hugh Jackman is back as Wolverine in Ryan Reynolds' 'Deadpool 3'

Hugh Jackman will enter the Marvel Cinematic Universe alongside Ryan Reynolds in "Deadpool 3," due out in theaters Sept. 6, 2024.

Walt Disney World, Universal Studios Orlando to close parks as Hurricane Ian approaches Florida

Disney's Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom will be closed Wednesday and Thursday.

House Jan. 6 panel postpones hearing set for Wednesday due to Hurricane Ian

"In light of Hurricane Ian bearing down on parts of Florida, we have decided to postpone tomorrow's proceedings," Thompson and Cheney said.

Artemis moon mission likely delayed until November as NASA moves rocket out of hurricane's path

NASA rolled back the SLS rocket into the mammoth Vehicle Assembly Building for protection at Kennedy Space Center ahead of potential impact from Hurricane Ian.

Intel says Moore's Law is still alive and well. Nvidia says it's ended.

Two of the most important American semiconductor companies disagree about the pace and form of future chip advancements.

Even as expanded child tax credit helped millions out of poverty, some still haven’t accessed funds

While millions of individuals and families benefitted from expanded tax credits last year, some have yet to file for the money.

White House, FEMA urge Floridians to listen to local officials, evacuate if asked as Hurricane Ian approaches

FEMA Administrator Deanne Criswell urged Floridians not to underestimate Hurricane Ian and listen to local officials as the now Category 3 storm approaches.

8 million student loan borrowers will get automatic forgiveness. Here's what you need to know

Borrowers enrolled in income-driven student loan repayment plans will get their debt automatically discharged. Yet experts recommend they still take some steps.

Stocks making the biggest moves midday: Hertz, Ford, Keurig Dr Pepper and more

These are the stocks posting the largest moves midday.

We're calling up a Bullpen stock, buying it for the Trust. It's one we owned in the past

After not chasing Tuesday's higher open on Wall Street, we're putting some cash to work in the afternoon.

GM delays return-to-office mandate after employee backlash

The company on Friday said corporate workers would be required to return to physical locations at least three days a week, beginning later this year.

Feds sought to jail father charged in $100 million New Jersey deli scam with Hong Kong-based son at large

Peter Coker Sr., 80, was arrested Monday in North Carolina in the alleged deli scheme. His Hong Kong-based son was also charged and remains at large.

Stock market losses wipe out $9 trillion from Americans' wealth

Falling stock markets have wiped out $9 trillion in wealth from U.S. households, putting pressure on family balance sheets and spending.

Top 5 and bottom 5 Club stocks between the S&P 500's old June low and Monday's new one

Wynn Resorts was our top performer, followed by one of our newest holdings and two technology giants.

All 50 states get green light to build EV charging stations covering 75,000 miles of highways

States are approved to build a network of EV charging stations alongΒ designated alternative fuel corridorsΒ on the national highway system.

Phil Mickelson and three other golfers drop out of antitrust suit against PGA Tour

Phil Mickelson and three other LIV golfers have dropped out of an antitrust lawsuit against the PGA Tour.

Homebuyers are backing out of deals at record-high rates in these 10 U.S. cities

As the U.S. housing market cools due to surging financing costs, more buyers are pulling out of home sale agreements.

Crypto exchange FTX is replacing its U.S. president

Brett Harrison, U.S. president of the crypto exchange FTX, announced his resignation on Twitter Tuesday.

Workers strike again at UK's largest port Felixstowe in threat to holiday shipments

Dock workers at Felixstowe are striking again over wages and inflation, overlapping a Port of Liverpool strike as holiday shipping season picks up.

Celsius CEO resigns in the middle of bankruptcy proceedings

Celsius Network CEO Alex Mashinsky submitted a letter of resignation Tuesday, months after the crypto company filedΒ for Chapter 11 bankruptcy protection.

Investors believe aggressive Fed will keep stock market down for the rest of 2022, CNBC survey shows

The Fed's aggressive tightening is making the majority of Wall Street investors believe stocks will be underwater for longer, according to a new CNBC survey.

John Cena sets a 'herculean' record with 650 wishes granted through Make-A-Wish Foundation

According to Guinness World Records, John Cena achieved the record after granting 650 wishes to kids between the ages of two and 18.

Pfizer or Moderna: Which new omicron-specific Covid booster should you get?

Americans have two options for getting a new omicron-specific Covid booster shot: Pfizer or Moderna. Which one should you get?Β Here's what experts say.

Medicare standard Part B premiums will drop by 3% next year, to $164.90

Lower-than-expected spending on Part B is allowing the Medicare program to reduce next year's premiums for beneficiaries.

Orlando, Tampa airports suspending operations ahead of Hurricane Ian

Major Florida airports on Tuesday prepared to halt flights ahead of Hurricane Ian's expected landfall overnight.

Texas AG Ken Paxton fled home with his wife to avoid subpoena in abortion case, court filing says

Paxton was subpoenaed to testify in a civil lawsuit from Texas-based nonprofits that want to resume helping pregnant residents obtain out-of-state abortions.

This ex-pharmacist spent $22,000 on a startupβ€”now she has a $600,000 'Shark Tank' deal and could make $1 million this year

In 2015, pharmacist Nina Farzin started Oogiebear to clear babies' noses and ears. Now, it has a 'Shark Tank' deal from Barbara Corcoran and Robert Herjavec.

China alleges U.S. spy agency hacked key infrastructure and sent user data back to headquarters

China accused the U.S. National Security Agency of carrying out an attack on a university allowing the American hackers to break into the country's infrastructure.

SEC fines Oracle $23 million, says the company bribed foreign officials for business

Oracle has settled charges with the Securities and Exchange Commission after allegedly violating the Foreign Corrupt Practices ActΒ for a second time.

Facebook takes down political influence operations from China and Russia

Meta called the Russia-based operation "the largest and most complex Russian-origin operation that we've disrupted since the beginning of the war in Ukraine."

Sabotage suspected after unexplained leaks found on major Russian gas pipelines

The leaks will scupper any remaining expectations that Europe could receive gas via Nord Stream 1 before winter, analysts noted.

Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index

July's year-over-year gains in home prices were lower compared with June in each of the cities covered by the index.

Here's how much you need to earn to afford a 1-bedroom rental in every U.S. state

As rent becomes more and more unaffordable, United Way used NLIHC data to determine the minimum salary needed to afford rent in all 50 states.

Cathie Wood's new fund gives small investors access to the VC market for just $500

Cathie Wood's Ark Invest launched a new venture capital fund, targeting individual investors with just a $500 minimum investment.

Nearly 70% of Americans are looking for extra work to combat inflation

Americans are taking extra hours or re-thinking their jobs entirely as daily costs surge.

Chipotle Mexican Grill will test robotic tortilla chip maker 'Chippy' in California restaurant

Chipotle also said it's piloting a new system to reduce food waste and location-based technology for its mobile app.

These are the 10 U.S. cities where housing markets are cooling the fastestβ€”and only one is in Florida

Redfin's 2022 report ranked U.S. cities based on how much the housing market cooled down from February 2022 to August 2022.

How to turn stock losses into tax savings, and other ways to trim your tax bill

There's still time to trim your 2022 tax bill. Here are some of the top strategies, according to experts.

Amphibious houses and floating cities could protect coastal communities from sea-level rise

To combat the worst impacts of sea-level rise, a new industry of floating infrastructure is emerging.

Justice Department's fight with JetBlue and American Airlines heads to court

American and JetBlue argue the Northeast Alliance allows them to better compete against other airlines serving New York and Boston.

Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice

Do Kwon, the founder of Terraform Labs, said is he making "zero effort to hide" from South Korean authorities who are seeking his arrest after the terraUSD collapse.

Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried's FTX for $1.4 billion

FTX, the bitcoin exchange founded by billionaire Sam Bankman-Fried, is set to buy Voyager Digital's assets after winning a bankruptcy auction.

Stocks making the biggest moves premarket: Keurig Dr Pepper, CSX, Li Auto and more

Check out the companies making headlines before the bell.

Hertz is teaming up with oil giant BP to install thousands of EV chargers in the U.S.

BP's fleet-charging unit will help Hertz manage its growing fleet of EVs, with chargers that will be available to the public as well.

UK lenders halt mortgage deals to customers after market chaos

The changing market conditions has led some lenders to change their product offerings.

The golden age of globalization is clearly over, says Singapore's Deputy Prime Minister Lawrence Wong

Though countries have not fully retreated into protectionism, businesses are increasingly influenced by geopolitical tensions, Wong said.

3 charts show the UK's market meltdown

A so-called "mini-budget" by the U.K.'s new government has sparked an extreme market reaction.

Fed’s Evans says he’s getting a little nervous about going too far, too fast with rate hikes

The Fed's Charles Evans said he remains "cautiously optimistic" that the U.S. economy can avoid a recession provided there are no further external shocks.

Larry Summers blasts UK tax cuts as 'utterly irresponsible' and warns of possible contagion

Former U.S. Treasury Secretary Larry Summers said there were "hallmark" signs that the U.K.'s credibility had been lost.

Bitcoin surges 6% to top $20,000, its highest level in more than a week, even as stocks hit 2022 lows

Bitcoin topped $20,000 on Tuesday, hitting its highest level in the more than a week, but is still struggling to break out of its tight trading range.

Inflation is here to stay despite rising interest rates, Asian business leaders warn

A number of structural changes in the global economy could keep driving up costs, such as deglobalization, decarbonization and U.S.-China tensions.

Pound tanking, massive tax cuts and talk of emergency hikes. Here's what's going on in the UK

The first fiscal policy announcement from new British Prime Minister Liz Truss's government has been met with one of the worst market reactions in modern history.

Going to Hong Kong? Get ready for a barrage of Covid tests

Travelers no longer need to quarantine to visit Hong Kong, a move which spurred a surge in interest to leave the city, but far less to visit.

Bank analysts have two big reasons to be bullish on the Singapore dollar

The Singapore dollar has remained relatively resilient against the buoyant U.S. dollar, compared to its regional peers in Southeast Asia.

China's flood of new electric cars cost 20% more to insure than fuel-powered cars

While Chinese companies churn out new electric cars, local insurance firms think they're more expensive to cover.

Biden introduces administration's plans to increase competition across industries

President Joe Biden announced his administration's plans to crackdown on fees and increase competition across various industries during a speech at the White House on Monday.

Biogen to pay $900 million to settle allegations it paid doctors kickbacks to prescribe multiple sclerosis drugs

A former Biogen employee, Michael Bawduniak, alleged Biogen paid kickbacks to doctors to encourage them to prescribe its multiple sclerosis drugs.

Netflix says it's opening a video game studio in Finland as streamer tries to boost audience numbers

Netflix announced it will be opening an internal game studio in Finland as the streaming giant tries to boost its gaming audience.

These 9 stocks are less impacted by the strong U.S. dollar and are well-liked on the Street

From Costco to Wells Fargo, these Club stocks get most of their revenue in the U.S. at a time when the dollar remains historically strong.

Christie's launches 'Department X' as collectible sneakers and street-wear boom

Christie's announced its new "Department X" to capitalize on the booming market for collectible sneakers, streetwear and sports history.

Wall Street’s fear gauge hits highest level since June

The Cboe Volatility Index, better known as the VIX, jumped nearly 3 points to 32.70 on Monday, hitting its highest level since mid-June.

Treasury Secretary Yellen touts clean energy tax incentives Biden signed into law

The new incentives put the nation on a "strong course" toward substantially cutting greenhouse gas emissions by the end of the decade, Yellen said.

Biden's student loan relief could cost $400 billion, Congressional Budget Office says

The White House says more than 40 million Americans may be affected by the student loan changes, and half of those could see their entire balance eliminated.

Eight states file enforcement actions against crypto-lending platform Nexo

The filings state the company offered investors interest-earning accounts without first registering them as securities.

Wall Street backs Club holding Wynn Resorts as Macao tours from China get ready to reopen

China's long-awaited decision allowing tour groups from the mainland to travel to gambling hub Macao sent shares of casino operator Wynn soaring Monday.

Feds commit $50 million to for-profit nuclear fusion companies, chasing the 'holy grail' of clean energy

The $50 million is help companies prepare detailed plans, but it is not enough money to fund the full construction of fusion power plants.

Campaigns spend over $6.4 billion on ads for 2022 elections, making race one of the most expensive ever

The over $6.4 billion in ad spending already surpasses both the 2018 and 2020 election cycles, according to nonpartisan research firm AdImpact.

Trump-linked SPAC changes address to UPS Store as investors pull more than $130 million

Digital World Acquisition Corp., the SPAC looking to take Trump Media and Technology Group public, has changed its address to a UPS Store in Miami.

Savings rates climb to levels not seen since 2009. Here's how to get the best return on your money

As interest rates rise at the fastest pace in 40 years, now is the time to make sure you're getting the best return on your cash. Here's how to get started.

Three men charged with fraud in $100 million New Jersey deli scheme

The indictments are the latest shocking twist involving Your Hometown Deli in Paulsboro, New Jersey.

Meta makes it easier to switch between Facebook and Instagram accounts

Meta debuted new account management tools for its Facebook and Instagram users that lets them more easily switch between the two apps.

Putin grants Russian citizenship to former NSA contractor turned whistleblower Edward Snowden

Snowden, 39, has remained in Russia ever since leaking classified U.S. documents to journalists.

Mark Cuban says 25% of his β€˜Shark Tank’ deals are flops: β€˜What the hell was I thinking?’

Mark Cuban has "no regrets" when it comes to his "Shark Tank" investing track record, even though he says roughly one in four of his deals turn into flops.

Southwest Airlines hired a record 3,000 flight attendants so far this year

Southwest Airlines told staff it's hired and trained 3,000 flight attendants this year.

Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more

These are the stocks posting the largest moves in midday trading.

Home purchase cancellations are above 15% for the second straight month. It's important to know the financial repercussions

If you're thinking about canceling your contract, be sure you know what the financial repercussions would be.

The UAE is scrapping its Covid mask requirements after 2Β½ years

The ruling officially applies to just the UAE capital Abu Dhabi, but the country's six other emirates, including Dubai, are expected to follow suit.

Bank of England says it won't hesitate to hike rates after pound falls to historic low

Sterling fell as much as 4.8% to trade below $1.04 in the early hours of Monday morning, extending losses from late last week.

3 takeaways from our daily meeting: Market stabilization, putting cash to work, Macao reopening

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

IRS steps up efforts to target U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions

The IRS is chasing unpaid cryptocurrency taxes with a new court order to obtain customer records. Here's what it means for digital currency investors.

Biden's new environmental justice office will oversee $3 billion in grants to polluted communities

The EPA office will oversee the delivery of a $3 billion climate and environmental justice block grant program created by the Inflation Reduction Act.

Biden administration proposes new rules to increase airline fee disclosures

The proposal comes less than two months after the Transportation Department sought stricter standards for when airlines have to refund travelers for delays.

Peloton's head of marketing latest executive to leave company

Peloton's senior VP of marketing, communications and membership is leaving the company for the head marketing position at Autodesk.

Nearly 6 million older adults are living below the poverty line. These resources can help struggling seniors

Around 6 million older Americans are living below the poverty line. Fortunately, there are thousands of resources available to struggling seniors.

NFL replaces Pro Bowl with weeklong skills competitions and a flag football game

The NFL's "Pro Bowl Games" will feature skills competitions and culminate in a flag football game.

Pfizer asks FDA to authorize omicron Covid booster shots for kids ages 5 to 11

Pfizer's application to the FDA comes before clinical trial results of the omicron BA.5 booster shots have been published.

Why does work feel so dysfunctional right now? A psychologist, labor expert and CEO weigh in

Work has always been dysfunctional, but our tolerance for it and willingness to speak out has changed.

The top 3 skills you need to land a work-from-anywhere job in 2022

If you want to land a remote job that will let you work from anywhere in the world, adding these skills to your resume can help you stand out in your search.

Wharton's Siegel says Jerome Powell owes 'the American people an apology' for poor Fed policy

Jeremy Siegel criticized the Fed chair for failing to control inflation and putting American workers at risk.
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