business news
Amazon, Boeing, CrowdStrike and others
Check out the companies making headlines before the bell: Amazon.com (AMZN) – Amazon jumped 5.3% in the premarket after it announced a 20-for-1 stock split and a $10 billion share buyback program. The 20-for-1 split follows a similar move by Google parent Alphabet (GOOGL) earlier this year and is reviving discussion about whether Amazon or …
Campbell Soup, Express, Thor Industries and others
Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and …
Bitcoin (BTC) jumps after Treasury statement on crypto executive order
Selim Korkutata | Anadolu Agency | Getty Images Bitcoin and other cryptocurrencies spiked after the U.S. Treasury apparently released details of an executive order from President Joe Biden that appeared to take a supportive stance toward digital assets. Bitcoin was trading at $41,584.21, nearly 9% higher as of 2:17 a.m. ET, according to data from …
U.S. crude oil tops $130 a barrel, a 13-year high on possible Western ban of Russian oil
The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022. Christopher Occhicone | Bloomberg | Getty Images U.S. crude oil surged more than 8% in early trading on Sunday evening as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and …
Russia, Ukraine agree ceasefire to let people leave Mariupol, Volnovakha
A view shows a residential building, which locals said was damaged by recent shelling, in Mariupol, Ukraine February 26, 2022. Nikolay Ryabchenko | Reuters Russia and Ukraine have agreed to a temporary ceasefire in Ukraine to allow civilians to leave the cities of Mariupol and Volnovakha. The ceasefire was expected to begin at 10 a.m. …
New Jersey will end omicron health emergency, NYC to lift indoor vaccine mandate
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jersey Gov. Phil Murphy on Friday said large-scale mitigation measures are no longer needed to fight Covid, lifting a public health emergency order …
Analysts think Western sanctions may destroy Russia’s economy
U.S. Secretary of State Antony Blinken appears on a screen as he delivers a speech during the 49th session of the UN Human Rights Council at the European headquarters of the United Nations in Geneva, Switzerland, March 1, 2022. Salvatore Di Nolfi | Reuters LONDON — Western nations have responded to Russia’s invasion of Ukraine …
Projecting revenue is challenging, so we prefer to give conservative guidance
Snowflake CEO Frank Slootman told CNBC’s Jim Cramer on Wednesday the company prefers to give conservative guidance, saying the way it recognizes revenue creates a considerable amount of uncertainty when putting together a forecast. Slootman’s comments in a “Mad Money” interview came after the data-analytics firm reported fourth-quarter and fiscal 2022 results. Its stock was …
Ford splits EVs and legacy autos into separate units
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor said Wednesday it will reorganize operations to separate its electric and internal-combustion engine businesses into separate units within the automaker. The company expects the …
Huge convoy of Russian vehicles approaching Kyiv
Russia appears to be advancing in its invasion of Ukraine with satellite imagery indicating that a huge convoy — some 40 miles or 65 kilometers long — of Russian military vehicles is heading toward Ukraine’s capital Kyiv. The following satellite image was taken by U.S firm Maxar Technologies on Monday. It appears to show a …
