The omicron BA.2 subvariant is inherently more contagious and better at evading vaccines than any other Covid strain, but vaccinated people don’t transmit it as easily as the unvaccinated, according to a Danish study published Sunday. The new subvariant, which has rapidly become dominant in Denmark, spread more easily across all groups regardless of sex,
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In this article PTON A man walks in front of a Peloton studios on May 05, 2021 in New York. John Smith | VIEW press | Corbis News | Getty Images Peloton has slashed 2022 sales projections for its apparel business, according to internal documents obtained by CNBC. Momentum in the unit, which is run
In this article TSLA A Tesla mobile service vehicle outside a dealership in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Shares in electric vehicle maker Tesla climbed nearly 10% on Monday after Credit Suisse upgraded the stock to “outperform” and the broader market rebounded. Tesla had
Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration on Monday announced it will send $1.15 billion to states to plug thousands of orphan oil and gas wells that emit methane, a potent climate-changing greenhouse gas. Methane is a main component
Ex-pharmaceutical executive Martin Shkreli arrives at the U.S. District Court for the Eastern District of New York in June, 2017. Getty Images Companies founded by notorious “Pharma Bro” Martin Shkreli have agreed to pay up to $28 million to settle a class-action lawsuit related to claims they illegally thwarted competition to the prescription medication Daraprim
In this article IVE IVW CNBC’s Jim Cramer said Monday he’s starting to question the ability of value stocks to outperform growth counterparts even as Wall Street worries about a more aggressive Federal Reserve. In particular, the “Mad Money” host said he’s concerned about the value-oriented industrial stocks, citing an assortment of problems facing their
Dover Corp.: “I liked the quarter. We’re looking for companies that make things and do stuff, but it does have some of these industrial problems that others have. I’m going to say you can hold onto it.” Perficient: “This is one of those companies that sells at 60 times earnings, and we have been saying
CNBC’s Jim Cramer on Monday broke down technical analysis from Carley Garner, explaining why the DeCarley Trading co-founder holds a positive outlook for a range of asset classes despite the Federal Reserve’s policy tightening. “The charts and the history, as interpreted by Carley Garner, suggest that 2022 could be a strong year for most commodities,
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
Jim Cramer on Mad Money Scott Mlyn | CNBC CNBC’s Jim Cramer on Friday issued a plea to young investors who may be new to the stock market and want to build long-term wealth. “I’m asking all these younger investors who keep toying with options to please listen up: I’m begging you, just own something,
Loading chart… ThredUp: “See, that’s the kind of stuff [that] used to work. An interesting growth clothing exchange. I’ve just go to tell you [it’s a no-go].” Loading chart… Asana: “There are 72,000 collaborative software companies. 72,000. Now, OK, not really, but there’s a bunch, and I don’t want them. They’re not working.” Loading chart…
In this article RWE-DE ENR-DE RDSA-GB Animaflora | iStock | Getty Images A 20 megawatt hydrogen electrolyzer described as “one of the world’s largest” has begun operations, energy major Shell said Friday. Located in Zhangjiakou, Hebei Province, China, the electrolyzer will produce green hydrogen for fuel cell vehicles being used at Zhangjiakou’s competition zone during
California Governor Gavin Newsom on Thursday said the state’s in a “transformational moment” to shift away from fossil fuels, as climate change continues to fuel devastating wildfire seasons and historic drought conditions across California. The governor’s remarks to CNBC’s Yasmin Khorram come shortly after the state unveiled this year’s budget proposal, which invests $22 billion in new
Supreme Court Justice Ruth Bader Ginsburg participates in a discussion during the Library of Congress National Book Festival at the Walter E. Washington Convention Center on Saturday, August 31, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images A book belonging to Ruth Bader Ginsburg sold for over $100,000 on Thursday in a blockbuster
lindsay_imagery | E+ | Getty Images The U.S. Department of Energy has announced $25 million in funding for eight projects focused on wave energy technologies. The DOE said the projects will be based on three things: the testing of wave energy converter tech; wave energy research and development; and the advancement of wave energy converter
ArcBest: “I like trucking. I like ArcBest, but you know what, we did that really good compare last night of Union Pacific versus CSX, and Union Pacific’s intermodal business is really good. I’d rather go with diversification.” Roblox: “We’re getting young people in. Now here’s the problem with Roblox: It’s good for you … not
Tampa Bay Buccaneers wide receiver Antonio Brown (81) walks the field prior to the National Football League game between the New York Jets and the Tampa Bay Buccaneers on January 2, 2022 at MetLife Stadium in East Rutherford, NJ. Rich Graessle | Icon Sportswire | Getty Images Antonio Brown is considering legal action against the
The National Football League is nearing $2 billion in partnership fees, the most in professional sports. Agreements from betting firms and technology companies helped the NFL lure a record $1.8 billion in sponsorship revenue, sports partnerships consultancy firm IEG told CNBC. The NFL’s figure is a 12% increase year-over-year from $1.62 billion it made in
Loading chart… Schrodinger: “I don’t know. It seems low enough. I know the Bill and Melinda Gates Foundation own it, but the problem is Cathie Wood owns it [for] ARK. When things are good, that’s fantastic. When things are bad, it’s real bad. Right now, maybe go slightly. Take a small position if you want
U.S. President Joe Biden speaks about the authorization of the Covid-19 vaccine for children ages 5-11, in the South Court Auditorium on the White House campus on November 03, 2021 in Washington, DC. Drew Angerer | Getty Images The Biden administration is formally withdrawing its vaccine and testing mandate for businesses, after the Supreme Court