Business

With Stitch Fix shares down more than 8 percent following its first earnings report as a public company, CEO Katrina Lake said investors are still learning about its business. “We’re really not worried about the day-to-day fluctuations in the stock price,” Lake told CNBC’s “Squawk Alley” Wednesday. She said some “education” is required in order
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Verisign’s analysis comes from its database of more than 300 million globally registered domain names. Paul Nicks, vice president of GoDaddy’s domain name aftermarket, affirmed Verisign’s findings. Nicks told CNBC that GoDaddy has seen interest in coin-related domains “increase and decrease as the price and news cycle around the currency fluctuates.” So far in 2017,
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United Parcel Service just became Tesla‘s biggest Semi-truck customer to date. The delivery service and logistics provider announced Tuesday morning its plans to preorder 125 of Tesla’s new electric Semi tractors. Previously, beverage and snacks behemoth PepsiCo had reserved 100 of the trucks, the largest-known order as of last week. Companies including Walmart, fleet operator
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Offshore-focused McDermott International said it would buy onshore-based Chicago Bridge and Iron to create an integrated construction and engineering services provider amid a stabilizing global oil market. McDermott’s shares were down 9 percent, while CB&I rose 8 percent in after-market trading on Monday. “Customers worldwide increasingly seek a single company that can offer end-to-end solutions,
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Lockers aren’t just for school-aged kids to stow their books anymore. Increasingly across the U.S. companies such as Sacramento, California-based Luxer One are setting up locker systems in luxury apartment complexes, office buildings and retail operations, where packages can safely be kept (typically for a small fee), hopefully preventing so-called porch pirates or other delivery
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A South Korean-born Sydney man was charged Sunday with acting as an economic agent for North Korea in Australia by allegedly attempting to broker sales worth tens of millions of dollars for Pyongyang that included components used in ballistic missiles. The Australian Federal Police said 59-year-old naturalized Australian Chan Han Choi used encrypted communication to
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Lisa Rapaport | Bloomberg | Getty Images Barry Sherman poses with a bottle of clopidogrel tablets, August 14, 2006 at company headquarters in Weston, Ontario, Canada. “I am beyond words right now,” Hoskins wrote in his tweet. “Incredible philanthropists, great leaders in health care. A very, very sad day.” Barry Sherman was the chairman of
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Quarles is President Donald Trump’s choice to oversee the national banking system, and the first-ever vice chair for supervision. He has been vocal about rolling back regulations put in place following the 2007 recession. Quarles declared owning more than $1 million in Wells Fargo stock in June. He sold his holdings following his confirmation, according
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Dimas Ardian | Bloomberg | Getty Images Go-Jek and other motorcycle riders on a street in Jakarta, Indonesia on Monday, March 21, 2016. Ride-hailing start-up Go-Jek has acquired three financial technology (fintech) start-ups as it looks to dominate Indonesia’s digital payments space. Go-Jek said Friday it had bought offline payments service Kartuku, payment gateway Midtrans
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President Donald Trump talked to Rupert Murdoch to congratulate the 21st Century Fox executive chairman on the company’s deal to sell major assets to the Walt Disney Co. “I know that the president spoke with Rupert Murdoch earlier today, congratulated him on the deal,” press secretary Sarah Sanders said at Thursday’s White House press briefing.
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“We’re certainly surprised by (the number of seniors vaping nicotine), and it speaks to how popular these devices have become and how this represents a new concern for public health officials, parents and others that take care of or care about teens,” said Wilson Compton, deputy director of the National Institute on Drug Abuse, part
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