Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Rivian laying off hundreds of workers amid R2 launch
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.
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Iran deal won’t solve oil supply issues overnight. Barclays keeps $100 forecast
Barclays warns that immediate normalization of physical oil supply chains across the Strait of Hormuz could take weeks.
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General Motors announces new defense partnership with Lockheed Martin
General Motors announced a new defense partnership with Lockheed Martin as the country ramps up its production of weapons.
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Wells Fargo’s asset cap removal has not been the silver bullet we expected. What to do next
When Wells Fargo broke free of the Fed’s asset cap, investors had expected big things. Twelve months later, the stock is stuck in the penalty box.
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Snap unveils $2,195 AR glasses as CEO Evan Spiegel bets on post-smartphone future
Snap is launching its first AR glasses geared toward the broader public instead of developers.
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Veteran traders stunned as SpaceX fans bet on 80% overnight gains: ‘I’ve never seen anything like it’
Believers in Elon Musk’s astronomic vision for SpaceX are storming options.
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With inflation up, my friends are asking about TIPS and I bonds—here’s what I told them
Any time inflation makes headlines, savers begin to wonder about tools that help them preserve the value of their money.
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Stocks making the biggest moves midday: SpaceX, Lumentum, Huntsman, e.l.f. Beauty, Intel & more
Here are the companies making headlines in midday trading.
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Jim Cramer debates his next move on a software stock on an 11 day losing streak
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
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Student loan borrowers face glitches and misinformation ahead of major July 1 changes, advocates say
Organizations that work with student borrowers report technical glitches that are making it difficult to get correct information and to access repayment plans.
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