Business

Traffic jam on Delhi-Meerut Expressway, on July 29, 2021 in Ghaziabad, India. Sakib Ali | Hindustan Times | Getty Images India’s chief economic advisor Krishnamurthy Subramanian hit back at the International Monetary Fund for downgrading the country’s growth projection, saying it’s “significantly off the mark.” The IMF last week cut India’s growth outlook to 9.5%

In this article DIS Dwayne Johnson and Emily Blunt star in Disney’s “Jungle Cruise.” Disney Walt Disney’s “Jungle Cruise” sailed to a better-than-expected opening of $34.2 million at the domestic box office, despite growing concerns that a surge in coronavirus cases could keep families at home. With an additional $27.6 million in ticket sales internationally,

In this article AMZN MSFT FB AAPL If you are an Apple shareholder who wondered after last week’s stellar earnings report why the value of your stock holding was going down rather than up, the reason given — that chip shortages will weigh on the short-term outlook — may not seem good enough. For a

In this article DOLE The New York Stock Exchange welcomes executives and guests of Dole (NYSE: DOLE), on July 30, 2021, in celebration of its Initial Public Offering. To honor the occasion, Johan Linden, Chief Operating Officer, Seamus Mulvenna, CEO Total Produce North America and Shane Power, Corporate Finance Director, joined by Chris Taylor, Vice

In this article SAVE Spirit Airlines CEO Ted Christie told CNBC on Friday that he’s urging all passengers and employees to get Covid shots, even though the low-cost carrier has no plans to implement vaccine requirements. “Rising case counts with regard to the delta variant obviously is a concern for everybody,” Christie said on “Squawk Box.” The

Boston EMS medics work to resuscitate a patient on the way to the ambulance amid the coronavirus disease (COVID-19) outbreak in Boston, Massachusetts, April 27, 2020. Brian Snyder | Reuters About three-fourths of people infected in a Massachusetts Covid-19 outbreak were fully vaccinated against the coronavirus, according to new data published Friday by the Centers

In an aerial view, the Royal Caribbean Freedom of the Seas (L) prepares to set sail from Port Miami during the first U.S. trial cruise testing COVID-19 protocols on June 20, 2021 in Miami, Florida. Joe Raedle | Getty Images Royal Caribbean Cruises shares fell more than 4% Friday after six passengers on board its

In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images The Walt Disney Company said Friday it is requiring all salaried and non-union hourly employees in the U.S. to be

In this article MA Mastercard Inc. credit cards. Benoit Tessier | Reuters Mastercard CFO Sachin Mehra told CNBC that consumer spending in America is on pace to exceed pre-pandemic levels, based on data from the company’s second-quarter earnings report. The payments giant reported Thursday that gross dollar volume, a metric that reflects purchase activity, increased

In this article CMCSA US journalist Amanda Knox addresses a panel discussion titled “Trial by Media” during the Criminal Justice Festival at the Law University of Modena, northern Italy on June 15, 2019. VINCENZO PINTO | AFP | Getty Images Amanda Knox is speaking out against the new Matt Damon film “Stillwater.” The journalist, who

In this article HOOD Robinhood CEO Vlad Tenev on Thursday brushed off the first-day performance of the trading app’s stock, which ended the day lower despite making its public debut with much fanfare. Shares of Robinhood, a company that was the subject of both public and congressional scrutiny amid the meme stock frenzy earlier this

Varda co-founders Delian Asparouhov, left, and Will Bruey. Varda Space Industries Varda Space Industries, a start-up founded less than a year ago by a pair with experience at Elon Musk’s SpaceX and Peter Thiel’s Founders Fund, has now raised more than $50 million as it works toward its first mission in the first quarter of

Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Volkswagen posted record first-half earnings on Thursday while also raising its target for profit margin. The results are a marked improvement from the same period last year when demand was ravaged

In this article WING Wingstop has laid out plans to expand its presence in Manhattan with dozens of new locations set to open in the market, CEO Charlie Morrison told CNBC on Wednesday. Many of those locations will come in the form of ghost kitchens where the company will lean on digital orders and delivery

Speaker Nancy Pelosi, D-Calif., is seen after her weekly news conference in the Capitol Visitor Center on Thursday, February 11, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images House Speaker Nancy Pelosi slammed Republican Minority Leader Kevin McCarthy on Wednesday for criticizing new mask guidance issued by the Centers for Disease Control and

In this article ADBE WMT Shoppers walk in front of a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Just as Amazon Web Services is the profit center that powers much of Amazon’s other businesses, Walmart CEO Doug McMillon has been increasingly interested

CNBC’s Jim Cramer on Tuesday advised investors to stick to their trading strategies and ignore the often-changing prism of the market after stocks snapped a five-day winning streak. “Please, don’t take your cue from the day-to-day action because that just tells you you’re using the filter that we’re all using, instead of doing your own

Simone Biles performs her floor routine during the 2019 U.S. Gymnastics Championships. Denny Medley | Reuters Russian gymnasts upset the U.S. Olympic team in Tokyo on Tuesday night after American superstar Simone Biles withdrew from the competition. Biles, the reigning all-around Olympic gold medalist and one of the faces of the American contingent at the

The floods in China and Europe are yet “another body blow” for global supply chains, the CEO of a shipping firm told CNBC on Monday.  “Rarely does a week go past without something new,” says Tim Huxley, CEO of Mandarin Shipping.  Shipping has already seen massive disruptions this year. As parts of the world rebounded from

In this article SBUX FB CNBC’s Jim Cramer on Monday recommended three restaurant stocks investors can play as Covid-19 transmission rates in the U.S. swing upward. Cramer said he’s bullish on the stocks of Starbucks, McDonald’s and Yum Brands — the parent of KFC, Pizza Hut, Taco Bell and other chains — if consumers begin