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July 23, 2021

CNBC Business

Breaking news, stories, weather, ideas, and more. As an aggregate, blog and our own news.  Break’n News presents information in photos, videos, and written.

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Trump friend Tom Barrack ordered released on $250 million bond, his SPAC pulls SEC registration, IPO plan

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by CNBC04
CNBC – For more and to sign up click here Thomas Barrack, Executive Chairman and CEO, Colony Capital, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 28, 2019 in Beverly Hills, California. Michael Kovac | Getty Images A federal......
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California announces rollout of chip-enabled debit cards to deter theft of unemployment benefits

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by CNBC05
CNBC – For more and to sign up click here California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with......
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Yellen wants debt limit raised by Aug. 2, warns U.S. may need ‘extraordinary measures’ to avoid default

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by CNBC06
CNBC – For more and to sign up click here U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, June 23, 2021. Greg Nash | Pool | Reuters Treasury Secretary......
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Meeting Google’s climate change goals ‘stresses out’ CEO Sundar Pichai

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by CNBC010
CNBC – For more and to sign up click here CEO Sundar Pichai is stressed about Google’s plan to become carbon free over the next decade. That means the company aims to use no carbon-based energy whatsoever by 2030. “It’s a long shot, it stresses me out in terms of......
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Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip

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by CNBC09
CNBC – For more and to sign up click here After administering him with oxygen, County of Los Angeles paramedics load a potential Covid-19 patient in the ambulance before transporting him to a hospital in Hawthorne, California on December 29, 2020 as a family walks by. Apu Gomes | AFP......
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Work flexibility ‘here to stay’ in post-Covid world, says director at three Fortune 500 companies

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by CNBC09
CNBC – For more and to sign up click here Companies are monitoring the spread of the delta Covid variant as they adapt return-to-office plans and prioritize giving flexibility to employees, a board member at three Fortune 500 companies told CNBC on Friday. “I believe there’s going to continue to......
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Millions of student loan borrowers don’t have a diploma to show for their debt

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by CNBC014
CNBC – For more and to sign up click here U.S. student debt has increased by more than 100% over the past 10 years and today, 44.7 million borrowers collectively owe more than $1.7 trillion dollars in student debt.  But not all of these borrowers have a degree to show......
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Cleveland’s baseball team is changing name to the Guardians

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by CNBC023
CNBC – For more and to sign up click here A Cleveland Indians employee runs with a flag displaying the block C logo prior to the game against the Houston Astros at Progressive Field on July 02, 2021 in Cleveland, Ohio. Jason Miller | Getty Images Cleveland’s Major League Baseball......
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Shares of Snap soar more than 23% day after earnings beat

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by CNBC015
CNBC – For more and to sign up click here Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Shares of Snap soared more than 23% Friday morning, as the company continued to ride its strong second-quarter earnings beat. The company posted 293 million global daily active users, compared......
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Microsoft gets new Street-high price target from Citi. Why one trader says ‘it’s a staple within your portfolio’

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by CNBC015
CNBC – For more and to sign up click here Microsoft stock jumped to an all-time high after Citi bestowed it a Street-high price target of $378 per share. The firm called the tech titan the “best” in megacap software ahead of its earnings report next week.  “It’s a staple......
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Want to start investing? Here’s a hint from investing legend Charles Ellis: Keep it simple

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by CNBC014
CNBC – For more and to sign up click here When it comes to getting into investing, keeping it simple is key, according to investing legend Charles Ellis. In fact, he equates it to parenting teenage children. “Every parent of teenage children realizes at some point or another, less is......
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Farming and solar power set to combine in Netherlands-based pilot project 

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by CNBC015
CNBC – For more and to sign up click here Drazen_ | E+ | Getty Images Swedish energy firm Vattenfall has been given a permit to build a project in the Netherlands that plans to combine solar power with farming, in the latest example of how renewables and agriculture can......
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Another group of U.S.-listed China stocks are plunging as Beijing regulators crack down

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by CNBC013
CNBC – For more and to sign up click here Chinese private educational company New Oriental logo seen in Shanghai. SOPA Images | LightRocket | Getty Images BEIJING — Two U.S.-listed Chinese education stocks plunged sharply in pre-market trading Friday after reports of a government crackdown on the sector that......
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These companies are sucking carbon out of the atmosphere — and investors are piling in

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by CNBC012
CNBC – For more and to sign up click here The race to reduce carbon emissions is heating up, much like the planet itself is. But reducing emissions alone will not be enough to stop what’s happening. It is not even enough to reach the goal of the Paris climate......
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Earnings season has been great so far with profit margins holding up in the face of inflation

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by CNBC019
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters A quarter of the way through earnings season, we are headed toward the best profit growth in over a decade.  One......
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Hours before the Tokyo Olympics opening ceremony, the IOC says everything that can be done has been done

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by CNBC07
CNBC – For more and to sign up click here A view of the Olympic rings in Tokyo ahead of the Tokyo 2020 Olympic Games in Japan. Danny Lawson | PA Images | Getty Images The Tokyo Olympics are set to officially begin after a one-year delay, and the International......
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Nightclubs are a new battleground against Covid, but the young yearn for freedom

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by CNBC010
CNBC – For more and to sign up click here Clubbers queue around the block at a few minutes to midnight waiting for Covid-19 restrictions to be dropped and for Pryzm nightclub to open its doors once more on July 18, 2021 in Brighton, England. Chris Eades | Getty Images......
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UK college offers medical students $13,700 in cash to defer their degree

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by CNBC013
CNBC – For more and to sign up click here The U.K.’s University of Exeter is offering students who want to study medicine a £10,000 ($13,735) bursary and free first-year accommodation to defer their place, due to increased demand to study at the medical school.  In addition to offering students......
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Everything you always wanted to know about yachting, but were too afraid to ask

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by CNBC021
CNBC – For more and to sign up click here Even with boat sales and charters booming, yachting remains an enigma for most people. CNBC spoke with several yacht owners who agreed to answer all questions — with no topics off limits — about the yachting lifestyle and perhaps more......
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‘I might pump but I don’t dump’: Elon Musk says he plans to hold bitcoin long-term⁠—here’s why that could be a good strategy

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by CNBC024
CNBC – For more and to sign up click here Despite his recent criticism of bitcoin mining and its environmental impact, billionaire Elon Musk confirmed that he personally owns the cryptocurrency and has held it long-term. Though he didn’t specify exact amounts, Musk shared that bitcoin is his largest cryptocurrency......
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