Igor Golovniov | Lightrocket | Getty Images Altice USA shares spiked as much as about 50% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported Monday, citing people with knowledge … Read more
Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images The U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers. … Read more
Intuitive Machines CEO Steve Altemus explains how the company’s IM-1 lander tipped over on the moon’s surfacing during a NASA press conference on Feb. 22, 2023. NASA TV Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’s surface over the weekend, as the spacecraft settles in to its lunar destination. The company’s … Read more
A BYD Co. Yangwang U9 electric vehicle in Shenzhen, China, on Tuesday, Jan. 16, 2024. BYD debuted its most expensive car on Sunday, a 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against luxury gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini. Photographer: Qilai Shen/Bloomberg via Getty Images Qilai Shen | Bloomberg … Read more
A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC The CEO of AT&T on Sunday apologized for the widespread cellular outage that knocked out service for thousands of customers, saying some accounts will receive credits to compensate for the incident. “For the portion of consumer and small business … Read more
A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty Images Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on … Read more
Wall Street returned to its winning ways this week â and Nvidia ‘s blowout earnings report Wednesday night was a big reason why. All three major U.S. stock benchmarks closed the holiday-shortened week higher, led by the S & P 500 , which rose 1.66% and ended Friday at a record high. The tech-heavy Nasdaq … Read more
Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway‘s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The Omaha-based … Read more
Travelers arrive for flights at O’Hare International Airport in Chicago on March 16, 2021. Scott Olson | Getty Images News | Getty Images Airlines are raising their prices to check a bag â again. Just how much you it will cost you, however, depends on when you pay for the service. United Airlines, American Airlines … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch â 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.) As we gear up for the … Read more
