Tom Hanks and more stars share their favorite Christmas movies

Tom Hanks and more stars share their favorite Christmas movies

Editor’s Note: “Tis the Season: The Holidays on Screen” celebrates the most beloved holiday films and television specials. The special airs Sunday, November 27 at 8 p.m. ET/PT on CNN. CNN  —  It’s that time of year to cozy up on the couch, grab a hot chocolate and watch one of the most cherished genres: … Read more

Amazon is looking to trim headcount through a voluntary buyout program

Amazon is looking to trim headcount through a voluntary buyout program

The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon is offering voluntary buyouts to some employees inside the … Read more

Amazon lays off some devices employees: Read the memo

Amazon lays off some devices employees: Read the memo

David Limp, senior vice president of devices and services at Amazon.com Inc., presents the Amazon Echo Dot smart speaker during an unveiling event at the company’s Spheres headquarters in Seattle, Washington, U.S., on Thursday, Sept. 20, 2018. Andrew Burton | Bloomberg | Getty Images Amazon is laying off some employees in its devices and services … Read more

5 things to know before the stock market opens Wednesday, November 16

5 things to know before the stock market opens Wednesday, November 16

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, November 15, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. We can trade it for you wholesale The producer price index, which gauges inflation in wholesale prices, … Read more

Jeff Bezos’ top tips for managing the economic downturn

Jeff Bezos’ top tips for managing the economic downturn

Washington CNN Business  —  Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession. The business leader offered his starkest advice yet on a faltering economy in an exclusive sit-down interview with CNN’s … Read more

Hasbro, Oatly, Advanced Micro Devices and more

Hasbro, Oatly, Advanced Micro Devices and more

Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – The toy maker’s stock slid 5.2% in the premarket following a double-downgrade to “underperform” from “buy” at Bank of America. The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game … Read more

Jeff Bezos for the first time says he will give most of his money to charity

Jeff Bezos for the first time says he will give most of his money to charity

Washington CNN Business  —  Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and … Read more

Retailers’ biggest holiday wish is to get rid of all that excess inventory

Retailers’ biggest holiday wish is to get rid of all that excess inventory

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will pay close attention to another number, too — inventory levels. Walmart, Target, Gap, Kohl’s … Read more

How Spotify stayed No. 1 in streaming music vs. Apple, YouTube, Amazon

How Spotify stayed No. 1 in streaming music vs. Apple, YouTube, Amazon

Onur Dogman | LightRocket | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Spotify, once a Swedish startup tasked with tackling music piracy issues, is now the most popular audio streaming subscription service in the world. First launched in 2008, the … Read more