Business

Elon Musk is cashing in. The Tesla CEO — who this weekend made waves with a Twitter poll asking his 61 million followers whether he should sell a chunk of his stake in the electric automaker — has sold nearly $5.7 billion worth of shares of his company over the past few days. Musk’s sales

Joe Raedle | Getty Images Americans are quitting their jobs in record numbers. However, they likely won’t qualify for unemployment benefits. Just over 4.4 million people quit in September, an increase of 164,000 from the prior record in August, the Labor Department said Friday. The quits rate also jumped to 3%, another all-time high. (This

In this article FL TSN WMT HD NVDA TGT CNBC’s Jim Cramer on Friday looked ahead to next week’s most important earnings report, after Wall Street ended on a strong note Friday but snapped a five-week winning streak. The Dow Jones Industrial Average rose nearly 180 points, or 0.5% on Friday. The S&P 500 gained

Tori Dunlap has created a following on TikTok by doling out financial advice. Yet what she has to say may be surprising, given the social-media fueled runup in meme stocks, like Gamestop and AMC Entertainment earlier this year. Dunlap, 26, doesn’t believe in trading the next hottest name. “Investing shouldn’t be sexy,” the founder of

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Commercial production and deliveries of Lordstown Motors‘ first product, an all-electric pickup called the Endurance, are once again being pushed back, the company said

[The webcast is scheduled to begin at 4:45 p.m. ET. Please refresh the page if you do not see the player above.] Elon Musk’s SpaceX is planning to launch four astronauts to the International Space Station from Florida on Wednesday, as the company keeps up a steady pace of crewed missions. Known as Crew-3, the

Elizabeth Holmes, founder and CEO of Theranos Mike Blake | Reuters SAN JOSE, CALIF. — In a surprise announcement, the government said Wednesday that it would likely rest its case next week against former Theranos CEO Elizabeth Holmes in her criminal fraud trial. “It is likely that the government will rest next week,” Jeffrey Schenk,

A major Wall Street firm is piling into stocks near record highs. Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever. Shue, who oversees $152 billion in assets, attributes a strong economic backdrop and seasonal tailwinds for the bullish move. “The near-term disruptions and the near-term concerns over

In this article RIDE 2317-TW Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Taiwan-based electronics manufacturer Foxconn is moving ahead with a plan to acquire a Lordstown Motors vehicle assembly plant in Ohio for $230 million,

Westend61 | Westend61 | Getty Images Interest in socially responsible investing skyrocketed during the Covid-19 pandemic. To that point, environmental, social and corporate governance funds captured $51.1 billion of net new money from investors in 2020 — a record and more than double the net inflows in 2019, according to Morningstar research. So, who is

In this article BTC.BS=-USS COIN The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase, the largest cryptocurrency exchange in the U.S., reported third-quarter earnings after the bell on Tuesday

NASA Administrator Bill Nelson speaks at a press briefing at the Kennedy Space Center in advance of the launch of the Boeing Starliner Orbital Flight Test 2. Paul Hennessy | LightRocket | Getty Images The National Aeronautics and Space Administration on Tuesday delayed its plans to return astronauts to the surface of the moon, announcing

Carlina Teteris | Moment | Getty Images Financial advisors are often lauded for their investment acumen. Frequently, their biggest value is in saving clients from their worst impulses. Indeed, top advisors on CNBC’s annual Financial Advisor 100 list have received ample requests for strange, risky or outright dumb investments during their careers — and, if

People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China. Liu Debin | Visual China Group | Getty Images BEIJING — Worries about Chinese real estate developers’ high debt levels have rattled investors despite signs that

In this article MCD Chris Kempczinski, McDonald’s, speaks during a press conference in New York, November 17, 2016. Shannon Stapleton | Reuters McDonald’s CEO Chris Kempczinski met with employees Monday at the company’s headquarters and online to discuss a text message exchange the executive had with Chicago Mayor Lori Lightfoot about the shooting deaths of

skynesher It’s been a banner year for actively managed stock mutual funds, with 21.1% average growth through October, according to Morningstar. However, year-end payouts may soon put a damper on double-digit returns, triggering tax bills for funds in brokerage accounts. When a fund manager sells underlying assets at a profit without losses to offset it,

In this article UBER Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Uber reported its third-quarter results after the bell on Thursday. Shares were down about 2.5% in after-hours trading. Here’s how Uber did, compared with expectations of analysts surveyed by Refinitiv: Loss per share: $1.28 vs. 33 cents expected Revenue:

In this article F CZR SHOO Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters It seems each passing trading session brings a torrent of quarterly earnings and sharp swings for the stocks of the companies reporting results. Positive prints can have

If you’re looking for an extremely long-term stock pick from billionaire Bill Gates, here it is: Avoid Big Oil. As the world moves away from fossil fuels and adopts more clean and renewable energy sources, oil giants that have dominated markets for more than a century could be in trouble, the Microsoft co-founder said in

In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record

Travis Scott performs at Day 1 of the Astroworld Music Festival at NRG Park on Friday, Nov. 5, 2021, in Houston. Amy Harris/Invision/AP Officials confirmed that eight people, including a fourteen and sixteen year old, died and 25 others were hospitalized at the Astroworld music festival on Friday in Houston. Seven of the victims ranged

peakSTOCK | iStock | Getty Images If Democratic lawmakers get their way, Medicare will start covering hearing services for the first time in the program’s history. The coverage, which would take effect in 2023, is included in Democrats’ proposed $1.85 trillion spending bill, dubbed the Build Back Better Act and aimed partly at strengthening the

In this article PTON A Peloton Bike Shannon Stapleton | Reuters Peloton is set to report its fiscal first-quarter financials after the market closes on Thursday. Here’s what analysts polled by Refinitiv are expecting: Loss per share: Loss of $1.07, adjusted Revenue: $810.7 million Beyond the quarterly results, investors will be paying close attention to

In this article BA ASTR AMZN Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking the regulator for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch,

It’s a common refrain: A billionaire loudly promotes potential solutions for climate change while jetting around the world, leaving a sizable carbon footprint. This week, it happened twice. First, Microsoft co-founder Bill Gates — an outspoken advocate for combatting climate change — reportedly celebrated his 66th birthday by hosting dozens of guests, including fellow billionaire

In this article .STI DBSM-SG The building of DBS, Singapore’s largest bank, at the city state’s central business district. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts’ estimates as its chief executive flagged improving business conditions in the months ahead.

Demonstrators hold signs during a protest against Covid-19 mandates outside the General Motors (GM) Tech Center in Warren, Michigan, U.S., on Wednesday, Nov. 3, 2021. Mathew Hatcher | Bloomberg | Getty Images Several business groups expressed concern about President Joe Biden’s Covid vaccine mandate on Thursday, arguing that the requirements will burden businesses during the

andreswd | E+ | Getty Images Inflation keeps rising and doesn’t look like it will be coming down anytime soon. Consumer prices jumped in September, a 5.4% increase from September — nearly hitting a 30-year high. That means you’re paying more for energy and housing costs, as well as groceries and other goods. With the

In this article ROKU Roku shares dropped in after-hours trading Wednesday after the company reported a third-quarter revenue that missed expectations. The company’s revenue came in at $680 million, just below a Refinitiv forecast of $683.4 million. That’s still up 51% from a year earlier. Roku’s earnings per share of 48 cents, however, topped expectations