Business

LinkedIn has verified more than 55 million of its users, for free, in order to combat the spread of misinformation fueled by the rise of artificial intelligence, the company told CNBC. The Microsoft-owned service said it has the most verified individual human identities of any major social network. In November, the company will begin showing

Scout Terra pickup truck and Scout Traveler SUV concepts Scout NASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models. Scout, a former American vehicle brand from 1961

An exterior view of the Kohl’s store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag. Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty Images Nike and Kohl’s may not be winning on Wall Street, but a wide set of consumers still consider them to

David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024. Adam Jeffery | CNBC Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital’s David Einhorn said shares of the company are significantly undervalued, CNBC has learned.  Einhorn made the pitch at the Robin Hood Investors Conference.

Stocks are experiencing some turbulence of late, but the longer-term outlook points to sharp gains ahead, according to Piper Sandler. Craig Johnson, the firm’s chief market technician, sees the S & P 500 soaring to 6,600 in 2025. That’s 12.8% above where the benchmark closed Tuesday. “The old Wall Street adage ‘Bull Markets Climb a

A McDonald’s located on Route 66 in Azusa, California, on April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has led to 10 hospitalizations and one

Here are Tuesday’s biggest calls on Wall Street: Loop initiates AppLovin as buy Loop said the software publisher is an “indispensable infrastructure for the mobile gaming industry.” “We are initiating coverage of AppLovin with a Buy rating and $181 PT.” Bernstein initiates Costco as outperform Bernstein said the company is the “highest quality” in the

Wall Street has continued to rattle off some new record highs in October, but the absence of one major index from the list is starting to become glaring, according to Raymond James. Quantitative and technical strategist Javed Mirza pointed out in a note to clients that the Nasdaq 100 has not set a record high

Here are Monday’s biggest calls on Wall Street: Loop reiterates Apple as buy Loop says its channel checks show that Apple ‘s iPhone shipments are tracking “stronger than anticipated.” “Reiterating our Buy and $300 PT after the work of Loop Supply Chain Analyst John Donovan suggests that Sep Q iPhone shipments are tracking stronger than

A view of damaged buildings following Israeli attacks on Laylaki and Haret Hireyk neighborhood of Dahieh region in Beirut, Lebanon on October 1, 2024.  Houssam Shbaro | Anadolu | Getty Images Israel struck what it said were Hezbollah arms facilities in southern Beirut on Saturday after the Lebanese armed group fired rockets into northern Israel

SpaceX logo is screened on a mobile phone for illustration photo.  Beata Zawrzel | Nurphoto | Getty Images Eutelsat, the world’s third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk’s SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon

People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Jason Redmond | AFP | Getty Images Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining  a deal that could

A Macy’s store is seen at Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several hard-to-predict factors will influence consumers’ spending, as they deck the halls and look for the

After a siding with the bulls in the run-up to Netflix‘s latest earnings report, CNBC’s Jim Cramer explained why the quarter made him more optimistic about the company’s future, saying he was impressed by management’s outlook and commentary about content. “If you were worried about Netflix not having enough levers to pull in order to

Check out the companies making headlines before the bell. Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share of $1.93

Amazon Web Services CEO, Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon‘s cloud boss on Thursday gave employees a frank message about the company’s recently announced five-day in-office mandate. Staffers who don’t agree with Amazon’s new policy can leave, Amazon Web Services CEO Matt Garman said during an all-hands meeting

Check out the companies making headlines before the bell. Elevance Health – Shares plummeted more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. In a statement , CEO Gail Boudreaux said the company remains “confident” amid “unprecedented challenges in the Medicaid business.” Health care stocks Molina Healthcare and Centene also fell nearly 9%

Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024.  Geoff Robins | Afp | Getty Images Kamala Harris on Wednesday distanced herself from President Joe Biden and bashed her Republican presidential rival Donald Trump in a heated interview with Fox

General Motors Chair and CEO Mary Barra is shown on screen via livestream as she introduces her digitally delivered keynote address at CES 2022 at The Venetian Las Vegas on January 5, 2022 in Las Vegas, Nevada. Ethan Miller | Getty Images DETROIT — General Motors has agreed to establish a joint venture with Lithium

A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong