Tag: business news
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New Jersey asks the Supreme Court to take on prediction markets
The petition comes after a key ruling from the 9th U.S. Circuit Court of Appeals on sports-event contracts.
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Charts show Spotify shares could soon break out, Frank Cappelleri says
The founder of CappThesis breaks down what’s going on with the audio streaming giant.
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Stocks are getting a boost as yields stabilize. Why that may be short-lived
Analysts aren’t sure that the market has fully priced in the implications of higher yields, nor that the sell-off in bonds is over just yet.
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A breast implant maker’s stock could climb as GLP-1 market booms, TD Securities says
Establishment Labs is poised to get a boost from widening GLP-1 use as it is set to expand its breast implant business in the U.S., per TD Securities.
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Ford continues ramping up pickup truck production as sales fall 10.3% in August
An increase in the supply of pickup trucks comes as Ford experienced its eighth consecutive month of year-over-year U.S. new vehicle sales declines in August.
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Time to start fading Caterpillar stock, says trader Tony Zhang
Caterpillar looks like a name worth fading rather than chasing here, says Tony Zhang.
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American Airlines continues premium push with redesigned Boeing planes
American Airlines is adding its most premium seats to its largest planes, which it uses for its most popular long international flights.
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New York Fed’s Williams says yield surge due to strong economic prospects
The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.
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Uber to cut 10% of workforce in bid to move ‘simpler and faster’
Uber is cutting small teams by nearly half and allowing about 1% of its workforce to continue working remotely.
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There is ‘a lot more pushback’ on data center construction, Berkshire CEO Greg Abel tells CNBC
The resistance to data centers is gaining steam and occurring nationwide.
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