A customer browses shoe products at a Macy’s store during Black Friday sales on November 25, 2022 in Jersey City, New Jersey. Cana Betancourt | Good pictures According to the National Retail Federation, a record number of holiday shoppers — 196.7 million people — went from Thanksgiving to Cyber Monday. The industry group said Tuesday … Read more
Image taken by the ION Elysian Eleonora satellite in January 2022. D-orbit of Amazon The cloud computing division has successfully run a software suite on an orbiting satellite, in a “first-of-its-kind” test, the company announced Tuesday. AWS, or Amazon Web Services, conducted a prototype satellite software demonstration in collaboration with Italian company D-Orbit and Swedish … Read more
Christina Spade attends The Hollywood Reporter, SAG-AFTRA and Heineken Celebrate Emmy Awards nominees at the annual Nominees Night on September 10, 2022 in West Hollywood, California. Michael Kovac | The Hollywood Reporter | Good pictures AMC Networks Chief Executive Christina Spade has stepped down less than three months after being promoted. The cable TV network … Read more
Feb. 24, 2022 at Palm Jumeirah’s waterfront residential villas in Dubai. According to Tahir Majidia, managing partner of Prime Capital Real Estate in Dubai, Russians have always been among the top 10 nationalities investing in Dubai property. Christopher Pike/Bloomberg via Getty Images Wealthy investors who bet on luxury real estate will do better next year … Read more
Lordstown Motors drove prototypes of its upcoming electric endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland/CNBC Electric truck startup Lordstown Motors It said on Tuesday that it has started shipping its pickup truck to customers after receiving final regulatory approval to sell the vehicle in the United … Read more
This image, from March 2022, shows wind turbines and gas storage facilities in Germany. Europe’s energy markets have experienced turbulence in recent months. John Voytas | Picture alliance | Good pictures CEO of an Italian power company So Turmoil in energy markets is likely to last for some time, CNBC said on Tuesday. “Things are … Read more
Tesla’s valuation seems very reasonable, but the stock is still not a buy, Bernstein says
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on November 10, 2022. Brendan McDermidt | Reuters Here are the most important news for investors to start their trading day: 1. Repetitive? Wall Street is looking to bounce back after Monday’s rout as investors took note of protests … Read more
Bird Darden downgrades restaurants as macro risks persist
A health worker prepares a dose of an inhalable Covid-19 coronavirus vaccine in Haikou, south China’s Hainan province, on November 25, 2022. CNS | Afp | Good pictures BEIJING – Mainland China on Tuesday announced significant progress in getting Covid-19 booster shots for “those over the age of 80”. As of Monday, 65.8% of those … Read more
China’s capital city of Beijing is one of the hardest hit in the latest Covid wave. Pictured here is a health worker outside a locked down apartment complex on Nov. 27, 2022. Kevin Frayer | Getty Images News | Getty Images BEIJING — Mainland China reported the first decline in daily Covid infections in more … Read more
People hold white sheets of paper and flowers in a row as police check their IDs during a protest over coronavirus disease (COVID-19) restrictions in mainland China, during a commemoration of the victims of a fire in Urumqi, in Hong Kong, China November 28, 2022. Tyrone Siu | Reuters The White House on Monday criticized … Read more
Asset manager names 9 ‘cheap’ stocks to buy as recession fears mount
CNBC’s Jim Cramer explained Monday that he believes the Dow Jones Industrial Average will outperform the Nasdaq Composite and the S&P 500 next year. “As we head into the end of the year, Wall Street tends to produce the biggest winners, which is why I expect the Dow to outperform the Nasdaq and the S&P, … Read more
Rio Tinto Plc: “You should see commodity inflation come back. However, I would say it’s a great hedge against long-term inflation.” NIO Inc: “That looks so bright.” Enphase energy: “It’s so good, every time $15, $20 drops, I want to go on the air and say, ‘You know what you should do? [Buy].’” Lucid Group … Read more
Bob Iger poses with Mickey Mouse as he attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Megan | AFP | Good pictures Following criticism over its past handling of LGBTQ issues, Disney CEO Bob Iger told employees Monday that inclusion and acceptance are “core values” of the … Read more
This year’s Thanksgiving box office was feast and famine Walt Disney. “Black Panther: Wakanda Forever” added $64 million to its domestic tally over the five-day period, while Disney’s latest animated feature “Strange World” failed to impress moviegoers, earning just $18.6 million between Wednesday and Sunday and a dismal $11.9 million. For the traditional three-day opening … Read more