Author: CNBC
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Where to get your free solar eclipse glasses: Warby Parker, the public library and more
Some astronomy aficionados are paying top dollar to catch the upcoming total solar eclipse, but there are plenty of options to take in the rare astrological phenomenon for free. If you find yourself in the path of totality, you’ll want to make sure that you’re using eye protection before turning your gaze upward. Experts warn…
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43-year-old started a side hustle in college with $150—now it brings in $200 million a year: It took ‘everything that I had’
Two decades ago, Seth Berkowitz was a college student with a late-night craving for a “warm, delicious treat.” Today, he’s the CEO of Insomnia Cookies, the company he co-founded as a college junior and grew into a chain with more than 260 locations by satisfying that very craving for customers around the world. Insomnia was…
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Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
A McDonald’s crew member prepares french fries in Miami, Florida. Getty Images It’s a timeless question at fast-food counters: Do you want fries with that? Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic savings dry up.…
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Fed’s Kashkari raises prospect of zero rate cuts — but Goldman says that would be ‘very surprising’
Minneapolis Federal Reserve President Neel Kashkari. John Lamparski | Getty Images Entertainment | Getty Images Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal Reserve to implement three interest rate cuts, adding that he would be “very surprised” if the U.S. central bank ultimately decided no trims at all…
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Apple lays off over 600 California employees after shuttering car project
Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty Images Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple employees…
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Trump loses bids to dismiss classified docs, Georgia election cases on the same day
Former US President Donald Trump arrives at 40 Wall Street after his court hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs in New York City on March 25, 2024. Charly Triballeau | AFP | Getty Images Donald Trump on Thursday afternoon lost two separate…
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We’re seeing another late-day stock market selloff. Here’s what we think is going on
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Trying to rebound: After a nice…
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Iger and Peltz have spoken. Should we buy more, sell more or just hold Disney stock
What do we do now with the stock of Walt Disney ? If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. We know that when Peltz tried to get on the board last time,…
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Wall Street analysts say to buy this portfolio casino stock. Here’s our take
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. U.S. stocks advanced on Thursday, bouncing back after Wall Street’s early week losses. Tech stocks showed strength, with Club holdings Microsoft and Apple up more than 1%. All 11 sectors…
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Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle
In 2020, the U.S. SEC accused Ripple and its co-founders of breaching securities laws by selling its native cryptocurrency XRP without first registering it with the SEC. Jakub Porzycki | Nurphoto | Getty Images Crypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a…