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May 23, 2022

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EBay is entering the NFT business, with an assist from hockey legend Wayne Gretzky

CNBC
by CNBC08
CNBC – For more and to sign up click here The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs — with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform......
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Stocks making the biggest moves in the premarket: Electronic Arts, VMWare, GameStop and more

CNBC
by CNBC019
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Electronic Arts (EA) – The video game maker’s shares rose 2.5% in the premarket after Puck News reported that the company was actively seeking a buyer or merger......
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U.S. tech giants will benefit from the Ukraine war, ad guru Martin Sorrell says

CNBC
by CNBC019
CNBC – For more and to sign up click here Martin Sorrell, founder and chairman of media firm S4 Capital, believes the war in Ukraine has the potential to benefit three of America’s biggest tech firms. “I’m very bullish on the tech giants … because the war will have an......
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Robotaxis look like the best short-term bet in autonomous vehicle future

CNBC
by CNBC036
CNBC – For more and to sign up click here An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet‘s Waymo......
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The space industry is on its way to reach $1 trillion in revenue by 2040, Citi says

CNBC
by CNBC029
CNBC – For more and to sign up click here A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published......
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Tech stocks are mired in their longest weekly losing streak since dot-com bust

CNBC
by CNBC031
CNBC – For more and to sign up click here Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest......
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Amazon tests using Flex drivers to make mall deliveries

CNBC
by CNBC01
CNBC – For more and to sign up click here Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Amazon is turning to its legions of contracted Flex drivers to deliver packages......
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Asian grocery start-up Weee! draws shoppers with tradition, tech and a dash of Hollywood

CNBC
by CNBC022
CNBC – For more and to sign up click here Online grocery delivery start-up Weee! encourages customers to share videos of recipes and favorite items on its app. It specializes in hard-to-find Asian foods, along with fruits, vegetables and other staples. Weee! Online grocery start-up Weee! specializes in hard-to-find foods......
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What ‘demand destruction’ means and how it fits into our investment strategy

CNBC
by CNBC022
CNBC – For more and to sign up click here The Fed’s strategy for reigning in inflation requires that it destroy demand. Here’s what that means for the economy and stocks. Source – Click here for more To Return to the Main Aggregate News Page – click here...
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Palo Alto Networks stock jumps after company lifts full-year forecast

CNBC
by CNBC025
CNBC – For more and to sign up click here Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected. Here’s how the company did: Earnings: $1.79 per share, adjusted, vs.......
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Investing Club: Here’s how much each company in our portfolio is exposed to China

CNBC
by CNBC01
CNBC – For more and to sign up click here Shanghai and Beijing have retained, if not tightened, many Covid-related restrictions on business and travel. In this picture, workers disinfect a residential community on May 11, 2022, in Beijing, China. Beijing Youth Daily | Visual China Group | Getty Images......
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Ex-Amazon engineers roll out their smart shopping carts in Albertsons stores

CNBC
by CNBC024
CNBC – For more and to sign up click here Albertsons is deploying self-checkout grocery carts in some of its locations to try to make in-person shopping easier as consumers head back to brick-and-mortar stores. The carts are made by Veeve, a Seattle-based start-up founded by two former senior Amazon......
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Jim Cramer: Here’s how we’re approaching the gut-wrenching market sell-off

CNBC
by CNBC031
CNBC – For more and to sign up click here While we may not be able to control the day-to-day action in the market, what we can control is how we react to it. Source – Click here for more To Return to the Main Aggregate News Page – click......
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Amazon’s Twitch, Discord, 4chan face New York AG probe after Buffalo shooting

CNBC
by CNBC02
CNBC – For more and to sign up click here New York State Attorney General Letitia James in New York City, November 19, 2019. Lucas Jackson | Reuters New York Attorney General Letitia James will investigate social media companies including Amazon’s Twitch in connection to the apparently racially motivated shooting......
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Why Tesla was kicked out of the S&P 500’s ESG index

CNBC
by CNBC023
CNBC – For more and to sign up click here An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon......
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Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer

CNBC
by CNBC026
CNBC – For more and to sign up click here Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly......
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Amazon accused of discrimination against pregnant and disabled workers in New York

CNBC
by CNBC024
CNBC – For more and to sign up click here Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images New York......
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Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue

CNBC
by CNBC037
CNBC – For more and to sign up click here Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce......
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Netflix lays off 150 employees as the streaming service contends with big subscriber losses

CNBC
by CNBC031
CNBC – For more and to sign up click here Netflix is laying off around 150 employees across the company, CNBC confirmed Tuesday. The eliminated positions represent less than 2% of the streamer’s 11,000 staffers, with most of the cuts happening in the U.S. “As we explained on earnings, our......
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Rivian’s shares sink after a report a legal battle with a supplier could delay Amazon vans

CNBC
by CNBC024
CNBC – For more and to sign up click here Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is......
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