Business

Here are the most important news items that investors need to start their trading day: 1. January rally loses steam Just like many a New Year’s resolution, January’s stock market rally has faded after just a few weeks. All three major indicies are headed for a losing week, while the …

Indian education technology start-up Byju’s will not renew its jersey sponsorship deal with India’s cricket team, the company’s co-founder Divya Gokulnath, told CNBC. In a wide-ranging interview, Gokulnath spoke about the path to profitability and the potential for an initial public offering for Byju’s, one of India’s most valuable private …

COVENTRY, U.K. – Dec. 21, 2022: Unite union general secretary Sharon Graham (centre), joins ambulance workers on the picket line outside ambulance headquarters in Coventry. On Friday, Jan. 20, Unite announced a further 10 days of strikes as a dispute between the government and ambulance escalated. Jacob King/PA Images via …

A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images Tesla will “keep blowing our …

Dow Inc: “I want you to hold on. … Keep it at a 5% yield, buy some more if it goes 5.5%.” ABM Industries Inc: “Talk about a boring facilities management company that I like so much. You’ve got a real winner there.” Lockheed Martin Corp: “People are worried about …

CNBC’s Jim Cramer on Thursday said that the carnage in tech stocks is concealing a bull market in other names. “We had a very traditional bull market based on the dollar and interest rates peaking, both of which tend to be terrific for stocks for a whole host of reasons,” …

For the past three years, the global media and entertainment industry has been defined by the streaming wars. Each media company created a streaming service to compete. Only the strongest would survive, the narrative went. The losers would consolidate or die. Last year, the streaming wars didn’t end, but a …

Vice Media offices display the Vice logo in Venice, California. Mario Tama | Getty Images Vice Media is restarting its sale process after earlier interested bidders balked at the initial price tag, according to people familiar with the situation. The digital media company, which was valued at $5.7 billion in …

A man photographs a Roblox banner displayed, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Check out the companies making headlines in premarket trading. Roblox — Roblox shares fell 6.7% after Morgan …

The Tennis Channel is embracing pickleball. Major League Pickleball announced Thursday the cable channel will broadcast the league’s premier level tournament semifinals and finals in Mesa, Arizona, and will make all matches of the tournament available for streaming. The partnership marks a deepening of the relationship between professional pickleball and …