Business

In this article TSLA Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images

Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at $2.85 billion in a recent fundraising, is acquiring a crypto firm founded by Harvard-trained quants and launching two subsidiaries to handle and

China’s strict zero-Covid approach won’t be able to limit the spread of the highly infectious omicron variant, according to a U.S. epidemiologist. Beijing may not be able to use the same “authoritarian approaches” against omicron because the variant is unlike the others, Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy,

In this article SQ MARA RBLX BA AMD A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters February started on a dramatic note as Big Tech companies, including Meta Platforms and Amazon, issued quarterly earnings and swayed the major

In this article DAL Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nishimura | Los Angeles Times | Getty Images Delta Air Lines‘ CEO Ed Bastian asked the U.S. Department of Justice to put convicted

In this article MRCY Julian Elliott Photography | Stone | Getty Images Company: Mercury Systems Inc. (MRCY) Business: Mercury Systems is a technology company, engaged in the manufacture and sale of components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. The company’s products and solutions

Columbia Sportswear‘s strong fourth-quarter profitability was helped by consumers starting their holiday shopping earlier than years past, CEO Tim Boyle told CNBC’s Jim Cramer on Friday. Shares of the outdoor-focused apparel maker jumped 5% Friday, after the company a day earlier reported a 64% year-over-year jump in net income in Q4 and issued robust full-year guidance. “In

Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds crushed the market in January as a spike in volatility and a steep sell-off in growth stocks created an ideal environment for fast-money traders. Citadel’s multistrategy flagship fund Wellington gained 4.71% last month, according to a person familiar with

Qualcomm CEO Cristiano Amon told CNBC’s Jim Cramer on Thursday that the chipmaker views the so-called metaverse as much more than just the next frontier for social media. “The metaverse is going to develop as a number of different opportunities,” Amon said in an interview on “Mad Money,” appearing one day after the company’s posted

In this article MSTR BTC.CM= Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as

Waste Management CEO and President Jim Fish on Wednesday expressed confidence in the company’s 2022 prospects, despite the continued presence of inflationary pressures. “Our guidance that we just gave for 2022 is pretty darned robust,” Fish said in an interview on “Mad Money,” referring to projected organic revenue growth of 6% and adjusted operating EBITDA

In this article ASTR The company’s rocket LV0008 stands on the launchpad ahead of the ELaNa 41 mission for NASA. Astra | John Kraus Rocket builder Astra is preparing to launch from Florida for the first time as early as this weekend, with the company expecting to soon receive its Federal Aviation Administration license for

In an aerial view, dry cracked earth is visible at Nicasio Reservoir on June 16, 2021 in Nicasio, California. Justin Sullivan | Getty Images California water officials warned on Tuesday that the state is set to face another dry year after experiencing a significant lack of snow in January, potentially marking its third consecutive year of

JohnnyGreig | E+ | Getty Images Embracing diversity is good for business. More diverse companies, both at board level and throughout the workforce, can outperform on financial metrics such as return on equity and higher earnings per share. They can also generate higher returns compared to their indices, according to GS Sustain 2020. Moreover, embracing

Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from Mark Zuckerberg’s beleaguered cryptocurrency project. The California-based financial firm, which through its subsidiary Silvergate Bank operates the crypto-focused payments platform Silvergate Exchange

In this article SHOP-CA FB UBER HUBS NOW People wear protective masks in front of Uber Technologies Inc. headquarters in San Francisco, California, U.S., on Wednesday, June 9, 2021. David Paul Morris | Bloomberg | Getty Images The latest bout of market volatility has been nothing short of stomach-churning for short-term investors. Indeed, a sell-off

Freeman H. Shen, Founder, Chairman & CEO of WM Motor, speaks during Fireside Chat on Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 28, 2018 in Nansha, Guangzhou, China.  Dave Zhong/Getty Images for CNBC International BEIJING — Covid-related restrictions have increased production costs for Chinese electric car start-up

In this article HOOD Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Robinhood clawed back its major losses on Friday as investors looked past disappointing guidance from the company and rallied around progress on new product developments. Shares of

Tampa Bay Buccaneers quarterback Tom Brady (12) celebrates with the Vince Lombardi Trophy after beating the Kansas City Chiefs in Super Bowl LV at Raymond James Stadium. Mark J. Rebilas | USA TODAY Sports | Reuters Legendary quarterback Tom Brady is retiring from the sport after 22 seasons, ESPN reported Saturday. Brady, a seven-time Super

The stock market needs to get worse before it can get better, CNBC’s Jim Cramer said Friday. “I’m looking for a day where people to say ‘I give up,'” Cramer said on “Squawk Box,” heading into another wild trading day, with both the Nasdaq and the S&P 500 now in correction territory. “We have to