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Monthly Archives: November 2023

Ken Griffin weighs backing Nikki Haley in Republican primary

Ken Griffin, founder and CEO of Citadel, at CNBC’s Delivering Alpha summit on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire Citadel CEO Ken Griffin is “actively contemplating” financially supporting former U.S. ambassador to the United Nations Nikki Haley in the Republican primary for president. “That’s a decision that we’re …

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These behavioral traits lead to greater retirement savings, study finds

Thomas Barwick | Stone | Getty Images People who find it easiest to financially prepare for retirement have four behavioral traits, a new survey shows. Yet just 10% of workers have all of these “optimal” characteristics, according to the survey findings, from Goldman Sachs Asset Management in collaboration with Syntoniq, …

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Snap shares jump on advertising deal with Amazon

Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares rose 8% on Tuesday after the company confirmed a deal with Amazon that lets …

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GOP Sen. Mullin challenges Teamsters boss to fight at Senate hearing

A Republican senator and the president of the Teamsters union nearly got in a fistfight Tuesday in the middle of a Senate hearing, until Vermont Sen. Bernie Sanders stepped in and broke it up. The exchange began when Sen. Markwayne Mullin, Okla., read a tweet that Teamsters President Sean O’Brien …

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Airbnb acquires AI startup for just under $200 million

Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 million, sources familiar with the deal told CNBC. The startup is called Gameplanner.AI, which has been in “stealth mode” since its founding in 2020. Startups in stealth mode operate out of the …

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Why beverage startup Cann wants to replace your beer with cannabis

Jake Bullock and Luke Anderson only want to get you “a small amount of high.” The two 35-year-olds are co-founders of Cann, a beverage startup with a flagship drink that includes two milligrams of tetrahydrocannabinol, or THC — the main psychoactive ingredient in cannabis. Anderson and Bullock refer to it …

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Fisker shares down Q3 earnings material weakness

Fisker Inc. officially revealed the Fisker Ocean all-electric luxury crossover at CES 2020 in Las Vegas. ­­­Shares of electric-vehicle startup Fisker sank in early trading Tuesday following a disappointing earnings report and a regulatory filing that raised concerns about the company’s previous financial statements. Shares were down more than 13% …

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Here’s the inflation breakdown for October 2023 — in one chart

A customer holds a fuel nozzle at a Shell gas station in Hercules, California, U.S., on Wednesday, June 22, 2022. President Joe Biden called on Congress to suspend the federal gasoline tax, a largely symbolic move by an embattled president running out of options to ease pump prices weighing on …

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Speaker Mike Johnson endorses Trump, defends false election claims

House Speaker Mike Johnson on Tuesday endorsed former President Donald Trump for the 2024 Republican presidential nomination for what appeared to be the first time. “I’m all in for President Trump,” Johnson said on CNBC’s “Squawk Box.” “I expect he’ll be our nominee, and we have to make [President Joe] …

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Inflation flat from the prior month, core CPI at 2-year low

Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy. The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for …

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