The Latest Scoop on CNBC Business News: Top Headlines of the Day
Business news is crucial for investors, market participants, and traders alike as it can have a profound impact on their lives and decisions. And CNBC is one of the most reputable and reliable sources of business news today. This article highlights some of the top headlines of the day from CNBC that entrepreneurs, investors, and business leaders should know.
Market Overview
The stock market always dominates the business news cycle, and today is no exception. The Dow and S&P 500 opened marginally higher, gaining 0.1% and 0.2%, respectively. Meanwhile, the tech-heavy Nasdaq gained 0.4%. The market sentiment is positive as investors are hoping to see more stimulus measures from the government.
Amazon Offers $3,000 Sign-On Bonuses to New Hires
Amazon, the world’s largest online retailer, announced yesterday it’s offering $3,000 sign-on bonuses to new hires and increasing wages by an average of 2.5%. This move comes as online sales continue to surge due to the COVID-19 pandemic. Amazon has been criticized for its working conditions in the past, so this announcement is a welcome change for some.
Facebook Buys REI’s New Campus for $369 Million
Facebook has purchased REI’s new Bellevue, Washington headquarters for $369 million, according to a report by the Seattle Times. The 400,000 square-foot campus was intended to be REI’s new headquarters, but they decided to sell it after the pandemic forced them to re-evaluate their space requirements. Facebook already has a significant presence in the area, and this acquisition will further solidify its position.
Oil Prices Rise on Hopes of Stimulus Measures
Oil prices rose today as investors anticipate more stimulus measures from the government to boost economic growth. Brent crude futures were up 0.9%, trading at $50.53 per barrel. Meanwhile, West Texas Intermediate (WTI) was up 1.2%, trading at $47.40 per barrel. The OPEC+ agreement to limit production continues to support oil prices.
Conclusion
In summary, these are some of the top headlines of the day from CNBC. While the stock market opened marginally higher, investors are hoping for more stimulus measures from the government to support economic growth. Amazon’s sign-on bonuses and wage increases are a welcome change for some, while Facebook’s acquisition of REI’s new headquarters reinforces its position in the area. Finally, oil prices rose on hopes of more stimulus measures from the government and continued support from OPEC+.
