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Monthly Archives: November 2023

Judge to stay late in Sam Bankman-Fried trial

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters The government is paying for pizza and Uber rides home for the 12 jurors in lower Manhattan who will decide the fate of Sam Bankman-Fried. In court on …

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BOE governor Bailey says Israel-Hamas conflict poses risk to inflation

Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to bring down inflation. Andrew Bailey told CNBC that aside from the immense human tragedy brought about by the now almost four-week conflict, the possible knock-on effects for energy markets were …

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Target CEO Brian Cornell defends pulling some Pride merchandise

Target CEO Brian Cornell defended his decision to pull some of the retailer’s Pride Collection merchandise off shelves earlier this year, saying backlash against the items led to the most serious safety threats that he can recall in his decade with the company. In an interview with CNBC’s Becky Quick …

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Steve Eisman tells UPenn to strip his name off scholarship amid Israel-Hamas war

Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of the Pennsylvania, as the school’s leadership comes under criticism for whether they’re doing enough to fight back against antisemitism following the start of the war between Israel and Hamas. “The Big …

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Shopify (SHOP) earnings Q3 2023

An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify stock jumped more than 20% on Thursday morning after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast for the remainder of the year. Here’s how the company did …

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Uber, Lyft pay $328 million to settle New York wage theft allegations

Uber CEO Dara Khosrowshahi is interviewed on the trading floor at the New York Stock Exchange (NYSE) in New York, August 2, 2022. Andrew Kelly | Reuters Uber and Lyft agreed to pay a combined $328 million to settle allegations the ride-hailing companies unlawfully withheld wages from drivers and failed …

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Weight-loss drug Wegovy could get new FDA approval in six months

Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity.  Michael Siluk | UCG | Getty Images Novo Nordisk said Thursday that its blockbuster weight-loss drug Wegovy could receive expanded approval from …

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Target CEO says shoppers are pulling back, even on groceries

Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets. In an interview with CNBC’s Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters of declining sales of discretionary items, such as apparel and …

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Look inside Ivana Trump’s $22.5 million townhouse

The late Ivana Trump’s townhouse in New York has sat on the market for one full year with no takers. In September, it took a $4 million cut from its original asking price, down to $22.5 million.  The extravagant residence remains virtually untouched since her death in July 2022. In …

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Cramer picks companies that stand out during earnings season

Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter. CNBC’s Jim Cramer on Wednesday told investors which companies he thinks have distinguished themselves during earnings season. “The problem, as I see it, is that we …

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