If you are an Apple shareholder who wondered after last week’s stellar earnings report why the value of your stock holding was going down rather than up, the reason given — that chip shortages will weigh on the short-term outlook — may not seem good enough. For a trader looking at every short-term opportunity to…

The scorching used car market is showing signs of slowing down, according to an executive at one of the top auto retailers in the U.S. “New car inventories are going to get better progressively over the next few months as we get to the end of the year,” Jeff Dyke, president of Sonic Automotive, said…

MicroStrategy CEO Michael Saylor on Friday defended his enterprise software company’s debt-financed purchases of bitcoin, telling CNBC he sees buying the cryptocurrency right now as comparable to investing in Facebook in the social network’s early days. “We’ve got $2.2 billion of debt and we pay about 1.5% interest, and we have a very long time…

Commuters, most of whom wear face masks, will loop on the L-Train system in Chicago, Illinois on July 27, 2021. Scott Olson | Getty Images Johnny Reynolds has been spending part of his paycheck at Lululemon lately. Not for the gym, but as preparation for his return to the office. The 27-year-old public relations professional…

Washington Nationals second baseman Starlin Castro (13) during the Major League baseball game between the Philadelphia Phillies and the Washington Nationals on June 22, 2021 at Citizens Bank Park in Philadelphis, PA. Rich Grassle | Icon Sportswire | Getty Images The Washington Nationals said Friday they will release infielder Starlin Castro after he completes a…

Spirit Airlines CEO Ted Christie told CNBC on Friday that he’s urging all passengers and employees to get Covid shots, even though the low-cost carrier has no plans to implement vaccine requirements. “Rising case counts with regard to the delta variant obviously is a concern for everybody,” Christie said on “Squawk Box.” The answer to that, we…

People wearing protective masks shop at a Walmart store in Hallandale Beach, Florida on May 18, 2021. Joe Raedle | Getty Images Walmart said Friday it will begin requiring masks for store workers in high-risk countries in the US regardless of vaccine status and effective immediately, as set in the latest CDC rankings. Buyers are…

Doug McMillon, president and CEO of Walmart. Adam Jeffery | CNBC Walmart Chief Executive Doug McMillon said Friday the retailer’s corporate staff as well as its management-level employees must be vaccinated against Covid-19 by Oct. 4, according to a memo obtained by CNBC. The mandate applies to all home office associates, in addition to market,…

In this photo illustration, an Amazon logo is displayed on a smartphone with stock market percentages in the background. SOPA pictures | LightRakete | Getty Images Check out the companies that are making the headlines in midday trading. Amazon – Amazon stocks fell 7.6% after the tech giant’s second-quarter report missed Wall Street’s sales estimates…

Alexander Spatari | Moment | Getty Images You will likely have to use cryptocurrency to cash out the ransomware hacker who frozen your laptop, but where else could you put all of your bitcoins, ethereum and other digital coins in for actual use? Tesla may still be unsure whether Bitcoin will be accepted again for…