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May 6, 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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India’s rich are not the only ones fleeing the Covid crisis on private jets, says CEO

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CNBC – For more and to sign up click here Tycoons and Bollywood stars may be among the most high profile residents fleeing India’s shores on private jets as the coronavirus crisis escalates — but they are by no means the only ones, according to private jet charter company JetSetGo.......

‘We Build the Wall’ founder, linked to Steve Bannon, indicted on new fraud and tax charges

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CNBC – For more and to sign up click here United States Air Force Senior Airman Brian Kolfage Jr., a triple amputee who lost both his legs and an arm while serving his second deployment in Iraq in 2004, attends the Veterans Day parade on 5th Avenue in New York,......

CDC can consider lifting indoor Covid mask mandates now, former FDA chief says

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CNBC – For more and to sign up click here Dr. Scott Gottlieb said that the Centers for Disease Control and Prevention can start to consider lifting indoor mask mandates now, as more and more Americans are vaccinated.  “I think we should start lifting these restrictions as aggressively as we......

Jim Cramer says investors only buying ‘inflation winners’ should be careful

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CNBC – For more and to sign up click here CNBC’s Jim Cramer said Thursday investors who are buying stocks that benefit from an inflationary environment should be mindful that price pressures may not last, underscoring the need for portfolio diversification. Right now, that’s become a very popular trade, the......

Amazon delays Prime Day in India and Canada as Covid ravages both countries

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CNBC – For more and to sign up click here An employee of Amazon India retrieves products from an assorted storage area to fulfil orders placed by customers prior to packaging at Amazon’s fulfilment center on the outskirts of Bangalore on September 18, 2018. Manjunath Kiran | AFP | Getty......

Peloton says treadmill recall will lower fourth-quarter sales by $165 million

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CNBC – For more and to sign up click here A detail shot shows the running deck of a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Peloton said Thursday it expects its......

Cuomo privately calls on business leaders to stay in New York and lobby to remove cap on SALT deductions

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CNBC – For more and to sign up click here New York Governor Andrew Cuomo speaks to the media at a news conference in Manhattan on May 5, 2021 in New York City. Spencer Platt | AFP | Getty Images New York Gov. Andrew Cuomo is privately encouraging some of......

Etsy is working with social media influencers to help attract new shoppers, CEO says

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CNBC – For more and to sign up click here Etsy hopes to tap into the network of social media influencers to help bring new people to its e-commerce marketplace, CEO Josh Silverman told CNBC on Thursday. “So many influencers who love Etsy, who are passionate about Etsy and talk about Etsy......

Peloton delays May launch of its less expensive treadmill in the U.S. to add safety features

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CNBC – For more and to sign up click here Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton said Thursday it will delay the launch of its Tread machine in the United States, until new safety features are added. The new, less expensive treadmill was......

Beyond Meat swings to a loss as grocery sales growth slows

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CNBC – For more and to sign up click here Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Thursday reported a wider-than-expected......

Square gets a bitcoin boost with revenue up 266%

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CNBC – For more and to sign up click here A trader works the floor of the New York Stock Exchange (NYSE) in New York. Yana Paskova | Bloomberg | Getty Images Square shares rose as much as 6% in after hours trading on Thursday after reporting fiscal first-quarter earnings......

Twitter introduces Tip Jar, allowing users to send money to their favorite tweeters

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CNBC – For more and to sign up click here Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. CNBC Twitter on......

Stocks making the biggest moves after the bell: Peloton, Beyond Meat, Expedia & more

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CNBC – For more and to sign up click here Check out the companies making headlines after the bell on Thursday: Peloton — Shares of Peloton dropped more than 6% after the closing bell, when the fitness company reported fiscal third-quarter sales growth of 141%. Its per-share loss for the......

Peloton’s sales surge 141% as delivery pressures ease; no word on recall’s financial hit

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CNBC – For more and to sign up click here A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Peloton on Thursday reported fiscal......

Cathie Wood’s Ark Innovation ETF is down 10% this week, nearing new low for the year

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CNBC – For more and to sign up click here Star fund manager Cathie Wood’s flagship fund is getting hit this week and seeing big investor outflows amid a sell-off. Shares of Ark Innovation are down another 3% on Thursday, bringing its weekly losses to nearly 10%. The “disruptive innovation”......

Why some tech workers are turning down jobs at TikTok

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CNBC – For more and to sign up click here A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Reuters LONDON— A number of U.K.-based tech......

Teachers strive to bring more parents into personal finance education

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CNBC – For more and to sign up click here Students wearing protective masks raise their hands in a classroom as a teacher gives a lesson remotely at a public charter school in Provo, Utah, U.S., on Thursday, Aug. 20, 2020. George Frey | Bloomberg via Getty Images It’s a......

GOP Gov. DeSantis signs Florida election law while shutting out all media but Fox News

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CNBC – For more and to sign up click here Governor Ron DeSantis delivers remarks during a roundtable discussion with theme park leaders about safety protocols and the impact of the coronavirus pandemic, Wednesday, August 26, 2020. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Florida......

Kellogg CEO says snacking is speeding up, fueling company’s sales growth

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CNBC – For more and to sign up click here Snacking habits consumers picked up during the pandemic aren’t going away. Kellogg, the owner of Pringles and Cheez-its, is actually seeing snacking accelerate. Shares of Kellogg jumped more than 7% in midday trading Thursday after the company topped Wall Street’s......

Carl Icahn has exited his Herbalife position, according to sources

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CNBC – For more and to sign up click here Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Carl Icahn has sold the last of his Herbalife stake, sources familiar with the matter told CNBC’s Scott Wapner, closing......

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