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September 22, 2021

CNBC business

James Mattis testifies he wasn’t sure why Elizabeth Holmes asked him to join Theranos board

CNBC
CNBC – For more and to sign up click here Former U.S. Secretary of Defense James Mattis on September 03, 2019 in New York City. Steven Ferdman | Getty Images SAN JOSE, CALIF — Former U.S. Defense Secretary General James Mattis testified on Wednesday that as a board member at......

Former President George W. Bush will fundraise for Liz Cheney as Trump and GOP rivals target her House seat

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CNBC – For more and to sign up click here Former President George W. Bush will appear as a special guest at an upcoming fundraiser for Republican Rep. Liz Cheney, whose unwavering criticism of former President Donald Trump has sparked a vicious backlash within her own party. The fundraiser for......

Alphabet’s wager on Freshworks is up $900 million after software company’s IPO

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CNBC – For more and to sign up click here Freshworks CEO Girish Mathrubootham at the Nasdaq Freshworks Alphabet‘s CapitalG investment arm is generating hefty returns from a big bet on cloud software developer Freshworks. After Freshworks shares jumped 32% in their Nasdaq debut on Wednesday, CapitalG’s stake is worth......

FDA authorizes Pfizer’s Covid booster shots for people 65 and older and other vulnerable Americans

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CNBC – For more and to sign up click here Trung Nguyen, 13, gets his second dose of the coronavirus disease (COVID-19) vaccine at the Philadelphia Zoo in Philadelphia, Pennsylvania, September 7, 2021. Rachel Wisniewski | Reuters The Food and Drug Administration authorized Pfizer and BioNTech‘s Covid-19 booster shots for......

Toast’s three co-founders are all billionaires after company’s IPO

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CNBC – For more and to sign up click here Toast IPO at the New York Stock Exchange, September 22, 2021. Source: NYSE Toast’s surge past $30 billion in market cap in its stock market debut on Wednesday turned all three of its co-founders into billionaires. Steve Fredette, Aman Narang......

FDA still silent on Covid booster shots as key CDC panel concludes first day of a two-day meeting

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CNBC – For more and to sign up click here A syringe is filled with a dose of Pfizer’s coronavirus disease (COVID-19) vaccine at a pop-up community vaccination center at the Gateway World Christian Center in Valley Stream, New York, U.S., February 23, 2021. Brendan McDermid | Reuters The Food......

Elizabeth Holmes’ private texts reveal she described herself as the ‘best business person of the year’

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CNBC – For more and to sign up click here Former Theranos CEO Elizabeth Holmes believed in herself so much that she wrote in a text message to Ramesh “Sunny” Balwani proclaiming that she had “total confidence in myself best business person of the year.” The message to her then-boyfriend......

The Fed will change trading rules for officials to keep public’s trust after controversy, Powell says

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CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Powell......

Jeep and Ram partner with Bono’s (RED) organization for special-edition vehicles

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CNBC – For more and to sign up click here Bono at the 2016 World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Jeep, Ram Trucks and Fiat are partnering with U2 frontman Bono’s (RED) organization to offer special-edition vehicles, aimed at raising more than $4 million to......

Facebook chief technology officer to step down

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CNBC – For more and to sign up click here Facebook CTO Mike Schroepfer Patricia De Melo Moreira | AFP | Getty Images Facebook Chief Technology Officer Mike Schroepfer on Wednesday announced he will be stepping down from his role. Schroepfer will transition to a different part of the company,......

Biden and Macron plan to meet as the U.S. and France try to smooth things over in their submarine saga

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CNBC – For more and to sign up click here US President Joe Biden (L) and France’s President Emmanuel Macron speak after the family photo at the start of the G7 summit in Carbis Bay, Cornwall on June 11, 2021. Ludovic Marin | AFP | Getty Images WASHINGTON – President......

Biden will meet with more than a dozen key Democrats as infrastructure and budget bills hang in the balance

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CNBC – For more and to sign up click here U.S. President Joe Biden speaks outside the White House with Sen. Kyrsten Sinema (D-AZ), Sen. Joe Manchin (D-WV), Sen. Mark Warner (D-VA). Kevin Dietsch | Getty Images WASHINGTON – After weeks of rising tensions among congressional Democrats, President Joe Biden......

Unvaccinated Covid patients overwhelm Ohio hospitals as delta surges across state

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CNBC – For more and to sign up click here A healthcare professional suits up with PPE (Personal Protective Equipment) to enter a Covid-19 patient’s room in the ICU at Van Wert County Hospital in Van Wert, Ohio on November 20, 2020. Megan Jelinger | AFP | Getty Images COLUMBUS......

As the Fed sticks to its near-zero rate policy for now, here’s what that means for you

CNBC Real Estate
Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will......

Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’

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CNBC – For more and to sign up click here The Federal Reserve on Wednesday held benchmark interest rates near zero, but indicated rate hikes could be coming a bit sooner than expected while significantly cutting their economic outlook for this year. Along with those largely expected moves, officials on......

Why renters are struggling so much now

CNBC Real Estate
People protest for a moratorium on evictions on Aug. 4, 2021 in New York. Stephanie Keith | Getty Images Millions of renters are at risk of financial hardship as federal and state relief measures wind down. That’s a new warning from the Consumer Financial Protection Bureau, which found that the......

Google’s $2.1 billion office building deal is latest sign of Big Tech’s muscle in Manhattan market

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CNBC – For more and to sign up click here Google’s $2.1 billion deal to buy a Manhattan office building adds to the rapid growth of Silicon Alley, despite the growth of remote work and a decline in the New York office market. Google is buying the former St. John’s......

Six former Treasury secretaries urge Congress to ‘move swiftly’ on debt ceiling

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CNBC – For more and to sign up click here Raindrops are illuminated by a camera flash, as the Hurricane Ida passes over the region, at the U.S. Capitol in Washington, September 1, 2021. Tom Brenner | Reuters Six former Treasury secretaries on Wednesday urged Congress to take quick action......

Apple’s big iPhone update moved the Safari search bar, here’s how to change it back

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CNBC – For more and to sign up click here The Safari address bar is on the bottom of the screen in iOS 15. Todd Haselton | CNBC Apple released iOS 15 this week, which includes lots of new features. But one of the biggest changes is moves the Safari......

Toast surges 63% in NYSE debut after IPO valued restaurant-tech company at $20 billion

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CNBC – For more and to sign up click here Toast IPO at the New York Stock Exchange, September 22, 2021. Source: NYSE Toast shares soared 63% in their New York Stock Exchange debut on Wednesday after the provider of technology to restaurants priced its IPO above its expected range.......

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