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Monthly Archives: September 2022

Cruise lines’ stocks fall after Fed rate hike raises concerns about debt, recession

People come out to watch the new Carnival Cruise Line ship Mardi Gras as it departs on its maiden voyage, a seven-day cruise to the Caribbean from Port Canaveral, Florida on July 31, 2021. Paul Hennessy | Anadolu Agency | Getty Images Shares of Carnival, Norwegian and Royal Caribbean fell …

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Emilio Estefan talks about the challenges of Latino representation in media

Legendary music producer Emilio Estefan weighed in with his take on how to boost Latino representation in showbiz. Latinos, he said, should be true to their identities. “I feel proud that I didn’t have to change my last name I didn’t have to change my sound because people liked it,” …

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Ford’s supply-chain problems include blue oval badges for F-Series pickups

A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for Ford Motor have included a small, yet important, part for the company and its vehicles – the blue oval …

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Citi says sterling-dollar parity is possible as UK risks currency crisis

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images LONDON — The U.K. risks a currency crisis that could see sterling reach parity with the dollar, according to analysts at Citi. The U.K. government …

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How a fracking boom startup is planning to survive climate change era

A Microseismic truck in a West Texas oil field. Microseismic In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. By 2013, when Microseismic was selected for the inaugural CNBC Disruptor 50 list, it was pretty far from the “start” …

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Fed rate hikes pose a threat of ‘breaking’ currency markets

A man exchanges US dollar bills at exchange office. Muhammed Semih Ugurlu | Anadolu Agency | Getty Images As the dollar hits 20-year highs against a wide number of key foreign currencies, the historic specter of foreign exchange market crises looms large. While now largely forgotten by all but those …

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Google CEO Pichai fields questions on cost cuts at all-hands meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar …

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Inflation Reduction Act’s expanded biofuel incentives raise concerns about fraud

The Inflation Reduction Act signed into law by President Joe Biden in August includes historic investments to combat climate change. It may also open new avenues for fraud by expanding a program that has given federal authorities fits for years. The Renewable Fuel Standard, passed with broad bipartisan support in …

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Pairing up? How to know when it’s time to combine your finances

Hispanolistic | E+ | Getty Images Money may not be top of mind if you’re in love, but it deserves some serious consideration if you want a lasting relationship. A partnership that pools resources and shares expenses can be a very good thing for a relationship and for each other’s …

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FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket. Costco (COST) – Costco lost 3.3% in the …

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