Business

Business

DOJ sues Trump ally Roger Stone his wife over alleged unpaid taxes

Roger Stone, a longtime political ally of President Donald Trump, departs following a hearing on the status of the criminal case brought against him by Special Advocate Robert Mueller at the United States District Court of Washington, March 14, 2019. Joshua Roberts | Reuters On Friday, the Justice Department sued Roger Stone, the former staunch […]

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More electrical issues found on some Boeing 737 Max, sources say

A Boeing 737 MAX sits outside the hangar during a media visit to the Boeing plant in Renton, Washington. Matt Mills McKnight | Reuters An electrical problem that led to dozens of Boeing 737 Max’s suspended from service worsened after engineers found similar grounding faults elsewhere in the cockpit, industry sources said on Friday. Airlines […]

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Investors look for signs of inflation in earnings in the coming week

Traders on the floor of the New York Stock Exchange. Source: CNBC Profits will be the focus of investors’ concerns over the coming week, as they wonder if rising costs are squeezing margins and signaling rising inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear from a wide range […]

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SpaceX, sole winner of NASA’s HLS Moon landing program: report

SpaceX CEO Elon Musk raises his arms to celebrate under a Starship prototype rocket under construction in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk’s SpaceX defeated Blue Origin-led teams of Jeff Bezos and Leidos subsidiary Dynetics to win a nearly $ 3 billion contract to build NASA’s next manned lunar lander, The Washington […]

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Equity valuations are high, but earnings growth keeps pace with prices

Traders on the floor of the New York Stock Exchange. Source: New York Stock Exchange This is the daily notebook from Mike Santoli, CNBC’s senior market commentator, with insights on market trends, stocks and statistics. A gentle extension of the persistent rally towards options expiration on Friday as the market explores the lines between “strong” […]

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Robinhood and Coinbase Dominate Mobile App Stores

Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Beware of social media, financial apps are becoming a more popular form of entertainment on people’s phones. Robinhood and Coinbase trading platforms took the top two spots in Apple’s App Store this week as Americans look to the stock and […]

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Airbnb CEO Says Company Will Need Millions More Hosts To Meet Demand

The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York City on December 10, 2020. Got Betancur | AFP | Getty Images Airbnb is going to need millions of new hosts to meet inbound demand as travel picks up, CEO Brian Chesky told CNBC. “To meet demand over the […]

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Daily US data as of April 16

Dr Jerry Abraham, director of Kedren Vaccines, right, gives a COVID-19 vaccine to Jose Guzman-Wug, 16, while his mother, Adriana Wug, watches Kedren Health on Thursday, April 15, 2021 in Los Angeles, California. Allen J. Cockroaches | Los Angeles Times | Getty Images The rate of reported daily vaccine doses administered in the United States […]

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UBS raises price target for S&P 500 amid growing economy and strong earnings

Traders on the New York Stock Exchange. Source: NYSE Even if the stock market hits a succession of new highs, there is still a lot of room to run, according to a new forecast from UBS. At the heart of the company’s optimism is the belief that soaring profits, coupled with low inflation and a […]

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Morgan Stanley, Sunrun, Comcast and more

Aaron Newsom, left, an installer for the solar company, Sunrun, and Tim McKibben, a senior installer, prepare solar panels to be installed on the roof of a house in Granada Hills. Mel Melcon | Los Angeles Times | Getty Images Find out which companies are making the headlines before the bell: Morgan Stanley (MS) – […]

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