Business

Investors could do ‘a lot worse’ than FedEx here, Jim Cramer says

CNBC’s Jim Cramer on Monday told investors that while the market has yet to overcome the challenges threatening to create a recession, FedEx stock might be able to weather the turbulence. “You might think FedEx would be a helpless victim of high gas prices, potential e-commerce plateau, a [Federal Reserve]-mandated slowdown. That would be wrong. …

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Investors could do ‘a lot worse’ than FedEx here, Jim Cramer says

CNBC’s Jim Cramer on Monday told investors that while the market has yet to overcome the challenges threatening to create a recession, FedEx stock might be able to weather the turbulence. “You might think FedEx would be a helpless victim of high gas prices, potential e-commerce plateau, a [Federal Reserve]-mandated slowdown. That would be wrong. …

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US may lose silicon wafer factory if CHIPS Act isn’t funded

US Commerce Secretary Gina Raimondo told CNBC’s Jim Cramer on Monday that she believes GlobalWafers will follow through on its plan to build a silicon wafer factory in Texas — but only if Congress passes funding for the CHIPS for America Act by the time the August recess begins. “This investment that they’re making is …

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At least 800 more flights canceled Monday after a chaotic travel weekend

Delta (DAL) alone canceled at least 224 flights Monday, or 7% of its operations, while United (LAU) canceled 128 flights and American Airlines (AAL) nixed 67. CNN has reached out to the three airlines for comment on the flight cancellations. “Delta teams continue to safely manage through compounding factors affecting our operation this weekend, including …

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‘Top Gun: Maverick’ becomes the first $1 trillion Tom Cruise movie

New York CNN Business — “Top Gun: Maverick” has flown to new heights. The sequel to the 1986 blockbuster, in which Tom Cruise reprises the famed role of Pete “Maverick” Mitchell, has crossed the $1 billion mark at the worldwide box office, according to Paramount. “Maverick” is the first film in Cruise’s more than 40-year …

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‘Top Gun: Maverick’ becomes the first $1 trillion Tom Cruise movie

New York CNN Business — “Top Gun: Maverick” has flown to new heights. The sequel to the 1986 blockbuster, in which Tom Cruise reprises the famed role of Pete “Maverick” Mitchell, has crossed the $1 billion mark at the worldwide box office, according to Paramount. “Maverick” is the first film in Cruise’s more than 40-year …

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Cinnabon’s newest treat doesn’t have cinnamon

New York CNN Business — Cinnabon’s newest menu item is missing its cinn-onymous ingredient. For the first time ever in the United States, the sweet treat chain is selling a new food item that doesn’t contain cinnamon. Until September, the chain is selling Chocolate BonBites, which are bite-sized chocolate rolls that Cinnabon describes as a …

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NASA launches first rocket from Australian space center

CNN — NASA has successfully launched a rocket from Australia’s remote Northern Territory, making history as the agency’s first commercial spaceport launch outside the United States. The rocket blasted off at just past midnight local time Monday from the Arnhem Space Center on the Dhupuma Plateau, near the township of Nhulunbuy, according to Equatorial Launch …

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Kenzo channels preppy, Celine goes for razzmatazz in Paris

PARIS (AP) — Kenzo’s designer, Nigo, found his groove for his sophomore collection at the LVMH-owned house, drawing vibrant parallels with house founder Kenzo Takada. Nigo has made history as the first Japanese designer to front the house since Takada, who died in 2020. But beyond the fashion, Nigo — who has made high profile …

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Just keep your returns: Stores weigh paying you not to bring back unwanted items

In recent weeks, some of the biggest store chains, including Target (TGT), walmart, (WMT) gap (GPS), American Eagle Outfitters (AEO) and others have reported in their latest earnings calls that they have too much inventory of stuff ranging from workout clothes, spring-time jackets and hoodies to garden furniture and bulky kids’ toys. It’s costing them …

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