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CNBC’s Jim Cramer on Friday advised investors to brace themselves against Wall Street’s negativity next week as concerns over a possible recession mount. “I do believe that our economy’s headed for a slowdown — that’s just what rate hikes do. But a slowdown doesn’t necessarily translate into a horrific, crash-landing recession. … There are many […]
As Covid restrictions eased, rebounds in the leisure and hospitality and business sectors helped to drive a strong March jobs report. The US economy added more than 400,000 jobs in the final month of the first quarter, the Labor Department said Friday. Leisure and hospitality, which includes hotels, restaurants and amusement parks, added a net […]
Your Hometown Deli in Paulsboro, NJ Google Earth Hometown International — that odd, publicly traded company with a market capitalization of more than $100 million despite owning just one small New Jersey deli — has announced plans to merge with Makamer, a private bioplastics start-up firm. The money-losing Your Hometown Deli in Paulsboro, NJ, which […]
A protester holds a ‘Save Us From The Energy Crisis’ placard during a rally in London. British households face soaring energy bills from April 1 as the country’s energy price cap rises by 54%. Vuk Valcic | Sopa Pictures | light rocket | Getty Images The number of English households in fuel poverty will double […]
Jared Leto stars as Michael Morbius in Sony’s “Morbius.” sony It’s never a good sign when a critic says your movie could have been “better summed up in a two-minute trailer,” but, alas, that is the case for Sony’s latest Marvel film “Morbius.” As Adam Graham of the Detroit News notes in his review of […]
Long Beach Fish Grill’s menu board Source: Jessica Dinglasan Jessica Dinglasan, owner of Long Beach Fish Grill in Long Beach, California, never used to write “market price” on her menu. But now the halibut fish she sources costs more than $30 a pound, nearly double what it was a year ago, and the 13-gallon container […]
SINGAPORE — Shares in Asia-Pacific fell in Friday trade following overnight losses on Wall Street as a private survey showed Chinese manufacturing activity shrank in March. Chinese tech stocks in Hong Kong saw sizable losses, with Alibaba falling 3.93% and Baidu plunging 6.01%. JD.com shed 3.25% while Meituan slipped 1.03%. The Hang Seng Tech index […]
Amazon workers arrive with paperwork to unionize at the NLRB office in Brooklyn, New York, October 25, 2021. Brendan Mcdermid | Reuters Amazon tapped an influential consulting and polling firm with close ties to Democratic political groups to help the company thwart a critical unionization effort at a Staten Island, New York, warehouse, CNBC has […]
Jeff Bezos and Jamie Dimon. Getty Images | CNBC Amazon has chosen to renew a deal allowing JPMorgan Chase to issue the tech giant’s flagship rewards credit card, ending months of heated negotiations, CNBC has learned. The Amazon Prime Rewards card was one of the industry’s most highly coveted co-brand deals, a rare prize because […]
A person enters a Walgreens store in San Francisco, California, US, on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal second-quarter earnings that topped analysts’ expectations, after the omicron variant of Covid-19 intensified demand for booster shots and tests and drove foot traffic during […]
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