Rail chiefs are on the cusp of privatizing thousands of thousands of trackside phone lines in a move that will pave the way for commuters to get faster on-board internet coverage. Some 10,000 miles of phone cables running next to railway lines are to be sold off under proposals also intended to increase broadband speeds […]
New York CNN Business — In another blow to the US economy, prices at the pump soared to fresh record highs. The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the previous record of $4.33 set on March 11. The […]
Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers — roughly 12% of its workforce — as it tries to bring staffing and expenses in line with sales ByAssociated Press May 10, 2022, 10:19 PM • 1 minute read Share to FacebookShare to TwitterEmail this article DETROIT — Online automotive retailer Carvana […]
Pfizer’s purchase of migraine medication maker Biohaven Pharmaceutical represents a commitment to expand the reach of its calcitonin gene-related peptide (CGRP) franchise, CEO Vlad Coric told CNBC’s Jim Cramer on Tuesday. “There are still over 300,000 physicians in the US who write for the older triptans and have not yet written for one oral CGRP,” […]
Modi is CEO and cofounder of Bobbie, a San Francisco-based direct-to-consumer seller and subscription service for organic milk-based baby formula that is produced in a Vermont facility and backed by $72 million in venture capital funding. She’s acutely aware of the desperation in those outreaches, which have intensified in recent weeks amid an ongoing nationwide […]
Former Olympic athlete wants to help kids learn financial literacy Most educated young people are still pretty uneducated about personal finances. Olympic gold medalist Amy Rodriguez wants to change that with an online game that teaches while kids have fun. ATLANTA – Educated young people remain pretty uneducated about personal finance. Georgia is on the […]
Last week, the Federal Trade Commission (FTC) and the District Attorneys of Los Angeles County and Riverside County agreed to an order to settle claims against Frontier Communications Intermediate, LLC and its parent company, Frontier Communications Parent, Inc. (collectively, Frontier). The plaintiffs alleged that Frontier promised internet speeds that Frontier did not deliver. The order, […]
In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm’s balance sheet at the end of its first quarter. Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after […]
BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in UkraineHungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc’s 27 member nations. The president of the EU’s executive commission, Ursula von der Leyen, last week proposed phasing out imports […]
CNBC’s Jim Cramer on Tuesday stressed the importance of changing market strategies when the market shifts, saying right now the market says to buy beaten-down tech growth names. “Many tech companies that make real things and return capital to shareholders now do sell at reasonable prices after the tsunami of selling. … I’m talking about […]