Business

Unilever CEO Alan Jope photographed at the World Economic Forum in May 2022. Hollie Adams | Bloomberg | Getty Images The CEO of consumer goods giant Unilever said Tuesday that prices would likely continue to rise in the near term, adding that his firm had a playbook for high inflation thanks to …

China needs to move past political considerations and look at importing Covid-19 jabs to end the pandemic globally, according to the chief executive of the world’s latest vaccine manufacturer. “They need to open themselves up to healthcare and vaccines from the West and set aside any political issues or things …

Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. Like …

Just off the coast of Miami Beach, on ultra-exclusive Fisher Island, there is one crane on one construction site. It is the last plot of land available for development and an unlikely bet on luxury real estate at a time when the housing market appears to be in freefall. Jorge …

Costamare Inc: “I don’t like [the] container ship business. And the rates are falling. I’m not going to say, buy that.” Lamar Advertising Co: “They are in a business that is in a serious recession right now. So, I am going to have to say no to that.” Torm PLC: …

CNBC’s Jim Cramer on Friday warned investors not to make trading decisions fresh off a company’s earnings report. Stocks made a comeback on Friday after falling initially on quarterly earnings reports and recession warnings from major banks. All three major indexes ended the week up, as investors digested a slate …

Fatih Aktas | Anadolu Agency | Getty Images There’s a chance a Mega Millions player is on the verge of joining a very short list: winners who snag a jackpot worth more than $1 billion. The grand prize is an estimated $1.35 billion for Friday night’s drawing. That’s how much …

David Paul Morris/Bloomberg via Getty Images Inflation popped in 2022 to a level unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among food, fuel and airfare. Some of those swings were due to outlying factors that extended beyond broad inflationary pressures like …

David Paul Morris | Bloomberg | Getty Images Nelson Peltz isn’t interested in acquiring Wendy’s, according to a regulatory filing made on Friday. Peltz serves as non-executive chair on the burger chain’s board and as chief executive of activist firm Trian Fund Management, which is its largest shareholder. In May, …

CNBC’s Jim Cramer on Thursday called on Disney to give activist investor Nelson Peltz a seat on its board. “It’s the board, the stewards, who haven’t done a good job. Not the shareholders, and not Peltz. Now someone like Peltz, who’s been tremendously successful, wants to join them and they …