business news

How the job of Amazon delivery has changed with Rivian's electric vans and routing software

How the job of Amazon delivery has changed with Rivian’s electric vans and routing software

For the 275,000 Amazon drivers dropping off 10 million packages a day around the world, the job can be a grind. But a lot has changed since drivers in 2021 told CNBC about unrealistic workloads, peeing in bottles, dog bites and error-prone routing software. Among the biggest developments is the arrival of a brand-new electric …

How the job of Amazon delivery has changed with Rivian’s electric vans and routing software Read More »

Jim Cramer: My worldview for the first half of 2023 and the stocks that will win

Jim Cramer: My worldview for the first half of 2023 and the stocks that will win

Where did 2022 go so wrong and how can 2023 go right? I am constantly trying to show you how money managers work because — unlike almost everyone in “the business” — you can cherry-pick the parts that best suit your investing strategy. My goal for the Club has been simple and true: to replicate …

Jim Cramer: My worldview for the first half of 2023 and the stocks that will win Read More »

Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes

Wall Street names these 20 Club stocks as top picks for 2023. Here’s the list and our takes

As we head into 2023, many of the major challenges in the stock market this year — including decades-high inflation, rising interest rates, a slower economy and a weaker consumer — are still unresolved. Against this backdrop, Wall Street analysts have been revealing the top stocks they believe can hold up, if not thrive, next …

Wall Street names these 20 Club stocks as top picks for 2023. Here’s the list and our takes Read More »

Metaverse off to ominous start after VR headset sales shrank in 2022

Metaverse off to ominous start after VR headset sales shrank in 2022

Meta CEO Mark Zuckerberg shows off an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, USA, on Thursday, October 6, 2016. David Pablo Morris | Mayor Bloomberg | fake images More than a year after changing his company name to Goal and pledging …

Metaverse off to ominous start after VR headset sales shrank in 2022 Read More »

You got the AirPods Pro for the holidays. Here are some of the coolest features you need to know about

You got the AirPods Pro for the holidays. Here are some of the coolest features you need to know about

AirPods Pro (2nd generation). sofia pitt if they received you AppleThe new second generation AirPods Pro as a holiday gift, you did well. These new AirPods were my favorite device that Apple released this year. If you’re new to AirPods, or if you’re on an older generation, there are plenty of new features you’ll want …

You got the AirPods Pro for the holidays. Here are some of the coolest features you need to know about Read More »

Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data

Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data

Stocks jump for a second day Stocks rose for a second day on Wednesday following upbeat earnings results from Nike and FedEx. The Dow Jones Industrial Average gained 526.74 points, or 1.6%, to finish at 33,376.48. The S&P 500 surged 1.49% to settle at 3,878.44, while the Nasdaq Composite jumped 1.54% to end at 10,709.37. …

Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data Read More »

How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors

How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors

Before his surprise Monday night arrest, Sam Bankman-Fried had apologized for everything he could think of, to everyone who would listen. In a leaked draft of his aborted House testimony, he wrote that he was truly, for his entire adult life, “sad.” He “f—– up,” he tweeted, and wrote, and said. He told Bahamas regulators …

How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors Read More »

12 media executives anonymously predict 2023's biggest deals, trends and changes

12 media executives anonymously predict 2023’s biggest deals, trends and changes

Andrew Ross Sorkin speaks with Netflix founder and Co-CEO Reed Hastings during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Back by popular demand (OK, fine, I just wanted to do this again), …

12 media executives anonymously predict 2023’s biggest deals, trends and changes Read More »

EU agrees to $60 a barrel Russian oil price cap; Ukraine embassies receive ‘bloody packages’

EU agrees to $60 a barrel Russian oil price cap; Ukraine embassies receive ‘bloody packages’

U.S. targets Russian mercenary group over religious freedom U.S. Secretary of State Blinken attends the Freedom of Expression Roundtable, in New York, U.S., September 19, 2022.  Craig Ruttle | Reuters The Biden administration placed a well-known Russian paramilitary organization on a list of religious freedom violators alongside a number of notorious terrorist organizations. Secretary of …

EU agrees to $60 a barrel Russian oil price cap; Ukraine embassies receive ‘bloody packages’ Read More »

From $32 billion to criminal investigations: How Sam Bankman-Fried's empire vanished overnight

From $32 billion to criminal investigations: How Sam Bankman-Fried’s empire vanished overnight

Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin on exchanges around the world. Today, that price …

From $32 billion to criminal investigations: How Sam Bankman-Fried’s empire vanished overnight Read More »