Economy

A worker moves clothing in the storage area at Rent the Runway’s “Dream Fulfillment Center” in Secaucus, New Jersey, U.S., September 11, 2019.Andrew Kelly | ReutersRent the Runway’s losses narrowed in its fiscal fourth-quarter earnings reported Wednesday as the digital retailer continues to streamline its costs and work toward profitability.Despite the improvements, the company’s fiscal… […]

A still from Warner Bros. Discovery Blade Runner 2049 trailer and from Tesla’s Live robotaxi event. Source: Warner Bros. Pictures | Tesla Elon Muskhis car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The […]

Republican presidential nominee and former U.S. President Donald Trump participates in a campaign town hall meeting in Lancaster, Pennsylvania, U.S. October 20, 2024. Brian Snyder | Reuters Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according […]

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters DETROIT — Investors misinterpreted a public offering on Wednesday by […]

The NBA logo is seen outside an NBA store in New York on July 8, 2024. Angela Weiss | AFP | Getty Images Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women’s National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant […]

Leopatrizi | E+ | Getty Images Most tax preparers don’t have credentials Despite the talent shortage, vetting is important because “pretty much anyone can call themselves a tax preparer,” Young said. The IRS receives more than 160 million federal tax returns every year and most come from paid preparersaccording to the National Taxpayer Advocate’s 2024 […]

Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning.Bloomberg | Bloomberg | Getty ImagesAlibaba shares dropped nearly 3% in after-hours trading after regulatory files revealed that SoftBank has sold a majority of its stake in the company.SoftBank has sold roughly $7.2… […]

Here’s our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries.This week’s question: Hi Jim, I love being a member of the… […]

Marissa Torres-Rabby didn’t want to spend her summer making copies in an office or slinging ice cream like her classmates — jumping from moving boats and sprinting off piers sounded a lot more exciting.The 19-year-old is a mail boat jumper in Lake Geneva, Wisconsin, the first and only town in the U.S. where jumpers, like… […]

In-space manufacturing may sound like science fiction but it’s happening already, albeit on a very small scale. It’s a fledgling market that analysts and several startups are projecting will take off. “If you look at pharma, semiconductors, beauty and health products and potentially food in the sense of like new crops, we estimated the market to… […]