CNBC’s Jim Cramer on Friday took comfort in a prediction by Dr. Scott Gottlieb that the pandemic phase of Covid could be over by January. “Dr. Gottlieb basically said the war’s over, and that’s just incredible,” Cramer said. Gottlieb, who had served as FDA chief under former President Donald Trump, is currently a Pfizer board
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New York, Chelsea apartments seen from the High Line park. pidjoe | iStock | Getty Images Months after the national ban on evictions expired, a number of states and cities have either kept in place or implemented their own policies to try to keep families in their homes. Despite heavy opposition by landlords, advocates say
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images Peloton halted hiring across all departments effective immediately during an all-hands meeting on Friday, CNBC has learned, a
In this article PINS Benjamin “Ben'” Silbermann, co-founder and chief executive officer of Pinterest. Patrick T. Fallon | Bloomberg | Getty Images Pinterest on Thursday reported better-than-expected earnings and revenue for the third quarter despite a decline in monthly users. The company’s stock rose 6% in extended trading after closing at its lowest in over a
In this article SHAK PTON GOOS-CA Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more than 34% after the firm reported weakening sales growth
When the Covid-19 pandemic hit last year, most companies scrambled to adjust to work-from-home life and a new economic landscape. But not Databricks, a San Francisco-based artificial intelligence software start-up. That’s because billionaire Ali Ghodsi, the company’s co-founder and CEO, had been preparing his 2,500 person staff for doomsday-type scenarios for years. In 2017, Ghodsi
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,
nd3000 | iStock | Getty Images There’s a growing number of unmarried couples buying homes together, and without proper planning the move may create future problems. Indeed, 9% of home buyers were unmarried in 2020, according to the National Association of Realtors. While younger millennials, ages 22 to 30 years old, represent 20% of unmarried purchasers,
skynesher | E+ | Getty Images Inflation is coming for your Thanksgiving feast. In September, the consumer price index — a basket of goods — rose 5.4% from a year ago, nearly hitting a 30-year high, according to data from the U.S. Bureau of Labor statistics. And under those headline numbers, food costs rose 4.6%,
My Secret Stash in Traverse City, Mich., is thinly-staffed ahead of the holiday rush. Owner Karen Hilt is gearing up for a strong shopping season. Courtesy: My Secret Stach Karen Hilt owns My Secret Stash in Traverse City, Michigan, retailing products from local artists and sellers— and business has been booming. Hilt’s feeling optimistic about
A pedestrian stands in front of a Manhattan condominium building in New York. Mark Abramson | Bloomberg | Getty Images Wealthy real-estate buyers from overseas are expected to descend on the nation’s luxury housing markets Monday, giving a second boost to demand for high-priced apartments and mansions. The U.S. will lift the travel ban on
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In an effort to raise revenue, House Democrats have proposed increasing federal tobacco taxes and creating a new tax on other nicotine products in the Build Back Better Act. While the proposed increase on cigarettes is dramatic, it is relatively simple: an additional dollar per pack of 20 cigarettes. On the other hand, simplicity is
Student debt in the U.S. has ballooned to over $1.7 trillion since Congress first allowed college students to borrow from the government in 1958. This debt has varying effects on students, workers and the larger economy. “We see the student debt crisis when it comes to individual student loan borrowers. We see how student loan
In this article ABNB Rafael Henrique | LightRocket | Getty Images Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading. Here’s how Airbnb did compared
In this article GOOS-CA DKNG PFE LYV WEED-CA PTON Check out the companies making headlines before the bell: Pfizer (PFE) – The drug maker’s shares surged 9.4% in premarket trading after a study showed that its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it will ask
It took 1,458 flights and 1,117 buses and trains for Drew Binsky to reach his goal of traveling to every country in the world. And he did it in less than a decade. CNBC spoke with Binsky nine hours after he touched down in his last country — Saudi Arabia — about how he financed
Jeff Bezos, left, and Elon Musk Getty Images; Reuters The U.S. Federal Court of Claims ruled against Jeff Bezos’ Blue Origin in the company’s lawsuit versus NASA over a lucrative astronaut lunar lander contract awarded to Elon Musk’s SpaceX earlier this year. Federal judge Richard Hertling sided with the defense in his ruling, completing a
Mother Ladayna Jordan, left, leads her children, Alayna, Aedan, Aaliyah and Ahmier Davis, left to right, to the front door of Normont Elementary School on the first day of in class instruction on August 16, as LAUSD officials welcome students, teachers, principals, at various school sites across Los Angeles. Al Seib | Los Angeles Times
In this article ZG OPEN OpenDoor is disrupting the real estate market with its new model. It buys homes and sells them on its platform. Opendoor Zillow’s abrupt exit from the home-buying market is leading investors to see an opening for Opendoor. A day after Zillow’s stock fell to a 16-month low, Opendoor shares soared