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The Latest Breaking News from CNBC

Here's How Amazon Looks To Cope Up With Booming Demand For Delivery

In late February, Amazon.com Inc (NASDAQ:AMZN) informed its U.S. gig workers who fetch delivery items would become its Whole Foods division's employees with more extended shifts, CNBC reports. Whole Foods' recent job post disclosed that the schedules would be made three weeks in advance and cover two-week periods. The job post contradicted Amazon…

Benzinga

CNBC's Final Trades: Kinder Morgan, PayPal Holdings, Meta Platforms And More

On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management said Grayscale Bitcoin Trust (OTC: GBTC) was trading at a 30% discount to Bitcoin.

Benzinga

Morning Brief: Top Stories Dominating Financial Media On Wednesday, March 9th

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Microsoft CFO Stressed On The Importance Of Windows: CNBC

Microsoft Corp (NASDAQ:MSFT) CFO highlighted the success of Windows, which held ~80% share of the market in 2021, compared to ~11% for Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Google-backed Chrome OS, and 8% for Apple Inc's (NASDAQ:AAPL) MacOS, CNBC reports. Amy Hood emphasized that Windows still earned Microsoft tens of billions of dollars per year in highly profitable…

Benzinga

High Possibility Of Recession If Oil Prices Continue To Surge: CNBC

Analysts have cautioned that the U.S.

Benzinga

Want To DJ Your Own Live Radio Show? Amazon Launched An App For It

Amazon.com Inc (NASDAQ:AMZN) showcased Amp, a new app that lets users DJ their radio shows. Users can access a music catalog including “tens of millions” of songs from Universal Music Group NV (OTC: UMGNF), Sony Group Corp’s (NYSE:SONY) Sony Music Entertainment, Warner Music Group Corp (NASDAQ:WMG), and independent labels. Amp allows users to launch their live show, where callers can…

Benzinga

CNBC's Final Trades: Cash, ChargePoint Holdings, CVS Health And More

On CNBC’s “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners chose cash, saying “not buying anything here.” The US dollar index (DXY) has gained more than 3% year to date.

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Why Best Buy Is Proving It's An Options Market Darling

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that Best Buy Co Inc (NYSE: BBY) witnessed “very extraordinary activity” on Monday.

Benzinga

After Nvidia, Hackers Attack Samsung

Samsung Electronics Co Ltd (OTC:SSNLF) admitted to an internal company data hack leading to access to some source codes of Galaxy-branded devices like smartphones, CNBC reports. “According to our initial analysis, the breach involves some source codes relating to the operation of Galaxy devices, but does not include the personal information of…

Benzinga

Amazon Confidentially Scooped Veeqo In November

Amazon.com Inc (NASDAQ:AMZN) had confidentially acquired Veeqo in November. The financial terms of the transaction remain undisclosed. Octopus Ventures, an investor in Veeqo, confirmed the deal. Veeqo makes tools to help online businesses sell products on and off Amazon. Amazon, which likely accounts for ~40% of the nation’s e-commerce sales, has long been pursuing…

Benzinga

5 Times Jim Cramer Was Wrong

Jim Cramer, host of CNBC’s "Mad Money" for an astonishing 18 seasons, has served as the receiving end of many jokes. His stock-picking record — despite the on-air shouts, blurts, and high-octane isms — has remained close enough to market averages to avoid being laughed out of town, and off his show.

Benzinga

Jim Cramer Shares His Thoughts On Canada Goose, Rio Tinto And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Canada Goose Holdings Inc. (NYSE: GOOS) still sells at a too high multiple. "We’re going to go elsewhere," he commented.

Benzinga

CNBC's Final Trades: SoFi Technologies, Foot Locker, FedEx And This Mining Stock

On CNBC’s “Halftime Report Final Trades,” Josh Brown of Ritholtz Wealth Management said that SoFi Technologies Inc’s (NASDAQ: SOFI) stock is likely to fall below $10.

Benzinga

Lawmakers Question Apple, FBI Over NSO Group Spyware

Two Republican lawmakers are pressing Apple Inc (NASDAQ:AAPL) and the FBI to provide information about spyware made by the Israeli company NSO Group, CNBC reports based on letters. The lawmakers sought details about Apple's ability to detect when the NSO Group tools targeted the iPhone, including the number of attacks detected and place and…

Benzinga

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Why Jim Cramer Recommends Buying Norwegian Cruise Line

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is "one of the worst performers in the market," which has one of the best CEOs. With everything starting to open globally, he recommends buying the stock.

Benzinga

Tesla, Elon Musk Face Trial Over CEO's 2018 Pay Package Worth $2.5B

Electric carmaker Tesla Inc (NASDAQ: TSLA) and CEO Elon Musk are facing a trial over the latter's 2018 pay package that was at the time worth $2.5 billion, CNBC

Benzinga

Apollo Looks To Merge Yahoo Sports With Betting Companies

Apollo Global Management Inc (NYSE:APO) is discussing with sports betting companies to merge their assets with Yahoo Sports, CNBC reports. Apollo acquired Yahoo from Verizon Communications Inc (NYSE:VZ) for $5 billion in 2021. Yahoo has spoken with is Australia-based Pointsbet Holdings Ltd (OTC:PBTHF), which has a market valuation of about $760 million. Apollo and Yahoo are considering merging…

Benzinga

CNBC's Final Trades: iShares Silver Trust, BHP Group, Grayscale Bitcoin Trust And This Coffee Chain

On CNBC’s “Halftime Report Final Trades,” Jon Najarian said he had seen “some strong activity” in iShares Silver Trust (NYSE: SLV).

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Uber Launches 'Explore' To Further Diversify Revenue Stream

Uber Technologies Inc's (NYSE:UBER) new "Explore" feature will allow users to book dinner reservations, concert tickets, and other events directly through the Uber app. This new feature, Uber Explore, will appear as a new tab in the app. Users can buy tickets with their Uber Wallet or a credit card. Previously, Uber heavily…

Benzinga

CNBC's Final Trades: Booking Holdings, NextEra Energy, Deere, Paramount And This Banking Major

On CNBC’s “Halftime Report Final Trades,” Brenda Vingiello of Sand Hill Global Advisors said Booking Holdings Inc (NASDAQ: BKNG) has been through a correction and now represent

Benzinga

JPMorgan's Latest Secret Fintech Business: All You Need To Know

JPMorgan Chase & Co (NYSE:JPM) has quietly hired programmers and created products for new fintech businesses, CNBC reports. The business is known internally as “Project Bloom” because of its goal of helping early-stage private firms grow. Michael Elanjian, head of digital innovation for JPMorgan’s corporate and investment bank, runs Project Bloom. The…

Benzinga

How To Invest Like Mark Cuban

Mark Cuban is an entrepreneur, NBA team owner, investor and panelist on CNBC's "Shark Tank." Cuban has done many interviews over the years. In those interviews are key takeaways that investors can follow to try to have success like the billionaire.

Benzinga

Inflation In These Sectors Could Slow Down The Recovery In Asian Economies

On CNBC, HSBC economist Frederic Neumann said increased prices in energy, commodities and agriculture products are a big headwind for Asia’s economies.

Benzinga

Why Jim Cramer Likes Linde And BHP Group

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Linde plc (NYSE: LIN) reported an unbelievable quarter, and its business is also incredibly strong. However, the stock is still down so much. He recommends buying the stock.

Benzinga

CNBC's Final Trades: Coinbase, Porsche, Live Nation And This Beverage Stock

On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management chose Coinbase Global (NASDAQ: COIN) as her pick.

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