Why some of Reddit's meme stock traders refuse to buy Robinhood stock: CNBC After Hours

CNBC.com's Pippa Stevens brings you the day's top business news headlines. On today's show, CNBC's Kate Rooney explains why some meme stock traders are avoiding Robinhood's IPO. Plus, Nikola founder Trevor Milton is indicted on fraud charges. Robinhood falls in its public market debut, closes more than 8% lower at $34.82 per share Shares of Robinhood closed… Continue reading Why some of Reddit's meme stock traders refuse to buy Robinhood stock: CNBC After Hours

Bezos offers to cover $2 billion in NASA costs in exchange for astronaut lunar lander contract

Blue Origin founder Jeff Bezos offered to cover up to $2 billion of NASA costs in exchange for a contract to build a lunar lander to use to land astronauts on the Moon. NASA in April awarded Elon Musk's SpaceX with a sole $2.89 billion contract to build the next crewed lunar lander under its… Continue reading Bezos offers to cover $2 billion in NASA costs in exchange for astronaut lunar lander contract

Amazon Prime Day starts soon. These are the top deals so far

Amazon Prime Day will start on June 21. Here are some of the best deals so far, and they're not all from the online retail giant. It's typically one of the biggest sales of the year. And in 2021, Amazon Prime Day could be even bigger. The annual two-day shopping event is set to kick… Continue reading Amazon Prime Day starts soon. These are the top deals so far

What to watch today: Dow set to drop after fall from previous record

U.S. stock futures fell modestly Wednesday, one day after the Dow and S&P 500 fell from record high closes as the recent rally driven by signs of a strong economic rebound from the depths of the Covid pandemic took a pause. The Nasdaq also broke a multiday win streak with a small loss, though the… Continue reading What to watch today: Dow set to drop after fall from previous record

Amazon faces class-action lawsuit over eBook pricing

(Reuters) – Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers. The lawsuit alleges that Amazon and the five largest U.S. publishers, collectively called the ‘Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased… Continue reading Amazon faces class-action lawsuit over eBook pricing

Why Jeff Bezos sets aside time to 'putter' every day

One would imagine that Jeff Bezos — as the world's richest person and CEO of Amazon, a trillion-dollar company — doesn't have a lot of free time. But Bezos actually sets aside time every day to putter. According to the recently published book, "Invent & Wander: The Collected Writings of Jeff Bezos," Bezos says it's… Continue reading Why Jeff Bezos sets aside time to 'putter' every day

Jim Cramer recommends buying newly public JFrog at lower levels: 'It's sizzling'

"JFrog's another terrific company with a stock that's simply too hot to handle right now," CNBC's Jim Cramer said after the software company's debut on public markets. "We get sell-offs, and when we do maybe you can get this stock at a much less exorbitant price," the "Mad Money" host said. "JFrog's business has a… Continue reading Jim Cramer recommends buying newly public JFrog at lower levels: 'It's sizzling'

Toxic Hand Sanitizers Are Sold Freely in Mexico After U.S. Ban

Deadly hand sanitizers that were banned in the U.S. are still circulating widely in Mexico, raising concerns among health experts that scores of people slathering the gel on may be slowly poisoning themselves. Four people died in the U.S. and three people partially lost their eyesight this year after drinking the sanitizers, prompting a testing… Continue reading Toxic Hand Sanitizers Are Sold Freely in Mexico After U.S. Ban

The Next Big Thing in Luxury Cruising Is a Much Smaller Ship

One of the biggest trends in high-end cruising is extremely small. It’s the opposite, in some ways, of everything you’d expect, even from a luxury cruise brand. It’s all about tiny, independently owned ships, boats, and barges—floating boutique hotels, if you will. Unlike conventional small ships, which can carry as many as 1,000 guests, these… Continue reading The Next Big Thing in Luxury Cruising Is a Much Smaller Ship

UK's Labour vows action on 'tax and wage cheat' multinationals

Britain's opposition Labour Party will hold a rally outside an Amazon depot on Saturday as it highlights its promise to target multinational firms it accuses of dodging taxes and cheating workers. Labour said its "Fair Tax Programme" would ensure the City of London financial district, big businesses and those who dodged tax paid their share.… Continue reading UK's Labour vows action on 'tax and wage cheat' multinationals

Stocks making the biggest moves midday: Boston Beer, Chewy, Overstock.com & more

Check out the companies making headlines midday Monday: Boston Beer — Shares of Boston Beer rose 2% after Guggenheim raised its price target to $462 from $449 per share, citing strong growth from spiked seltzer brand Truly. While privately-owned hard seltzer brand White Claw is still the category leader, Truly is beating Guggenheim's growth estimates… Continue reading Stocks making the biggest moves midday: Boston Beer, Chewy, Overstock.com & more

Stocks making the biggest moves after hours: Facebook, Amazon, Snap, Chipotle, iRobot and more

Check out the companies making headlines after the bell: Shares of technology companies Facebook, Alphabet and Amazon all fell more than 1% after the U.S. Department of Justice said it is opening a broad antitrust review of big tech companies. Apple's stock also ticked down following the report. The review is the biggest move yet by… Continue reading Stocks making the biggest moves after hours: Facebook, Amazon, Snap, Chipotle, iRobot and more

Kohl’s Shares Drop After Forecast Cut, Big Quarterly Miss

In this article Kohl’s Corp. slumped in early U.S. trading after lowering its annual outlook and reporting first-quarter same-store sales that were way below analysts’ estimates. The surprising setback signals that the retailer needs to do more than rely on its partnership with Amazon.com Inc. to draw in more customers. Comparable store sales, a closely… Continue reading Kohl’s Shares Drop After Forecast Cut, Big Quarterly Miss