Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers. The price for a container of goods from China…
The hunt for oil storage space is on…
A truck drives past an oil storage facility next to the Phillip 66 oil refinery on April 21, 2020 in Houston, Texas.MARK FELIX | AFP | AFP via Getty ImagesAn unprecedented collapse in U.S. oil…
In crisis, some start-ups are surging — and…
Talkspace co-founders Roni and Oren FrankTalkspaceOren Frank's business is exploding. But he's not celebrating.Frank is the CEO of Talkspace, a company he co-founded eight years ago with his wife, Roni, to provide therapy over the…
Beijing city shuts down gyms again as fears…
Glow Wellness | Getty ImagesGyms in China's capital city of Beijing were forced to close again over the weekend, adding pressure to an industry that's already seen the collapse of thousands of fitness businesses nationwide.The coronavirus, which…
US Oil Fund drops 25% after changing structure…
The United States Oil Fund, a popular exchange-traded security known for its 'USO' ticker, plunged more than 30% on Tuesday as the fund's managers made repeated changes to the fund's structure in an effort to…
Big March selloff prompts mutual funds to lap…
Mumbai: Domestic mutual funds have been net buyers in the domestic equity market amid the brutal selloff, and heavily lapped up financial stocks all through March as valuations tumbled to historic lows thanks to the…
Coronavirus live updates: FDA greenlights first test with…
This is CNBC's live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More…
Netflix blows away new subscriber expectations
Netflix delivered a big jump in subscribers, but the stock bounced around in immediate reaction to the earnings release. It was initially up 10% before falling less than 1%.Here is what Netflix reported:Earnings per share…
Investor wealth drops Rs 3.30 lakh crore as…
New Delhi: Investor wealth on Tuesday fell by Rs 3,30,408.87 crore after equity markets came under heavy selling pressure following sell-off in global stocks as rout in crude oil hit investor sentiment. The Sensex tumbled…