Hertz announces 37.1 million share offering by stockholders
Hertz stockholders will offer 37.1 million shares, of which Hertz said it intends to buy between $250 million and $500 million of the shares from underwriters.
CNBC US News
Ford's new custom electric pickup truck is a blast from the past
The Ford F-100 Eluminator concept truck features the retro-styling of a 1978 F-100 pickup with electric motors and batteries from the Mustang Mach-E GT.
Companies add 571,000 jobs in October thanks to a big boost in hospitality hires, ADP says
Companies added 571,000 jobs for the month, beating the 395,000 Dow Jones estimate and just ahead of September's downwardly revised 523,000.
Mortgage rates fell slightly, but weekly refinance demand couldn't recover
A slight reprieve from rising mortgage rates did nothing to invigorate mortgage demand last week.
The Fed is about to set its post-crisis policy course — with a high level of uncertainty ahead
The Federal Reserve is likely to step away from a historic level of economic support and into a new regime.
Hertz says Tesla's already started delivering cars even though Musk says there's no signed deal yet
Hertz declined to discuss details of the agreement but said the company remains "on plan" with its announcement to offer 100,000 Teslas by the end of 2022.
Democrats reach a breakthrough deal on drug prices, as spending bill nears the finish line
The plan will grant the government power to regulate the prices of some of the most expensive drugs and limit out-of-pocket costs for seniors.
Zillow says it's closing homebuying business, cutting 25% of workforce; earnings miss estimates
Zillow said Tuesday that it's winding down its homebuying unit, which competes with Opendoor.
Freshworks sinks 13% after software maker forecasts lower annual revenue than expected in first quarterly report since IPO
Freshworks contends with enterprise-software heavyweights such as Oracle and Salesforce, and now the company is calling for revenue growth to slow.
Ghislaine Maxwell loses key rulings ahead of trial for Jeffrey Epstein sex crime case
Convicted sex criminal Jeffrey Epstein, a former friend of ex-Presidents Donald Trump and Bill Clinton, at one time dated Ghislaine Maxwell.
Lyft says drivers are coming back, shares jump 12%
Lyft reported 18.94 million active riders this quarter, compared to the expected 19.69 million, per StreetAccount.
Alvin and the Chipmunks owner is looking to sell for about $300 million, sources say
The owner of the Alvin and the Chipmunks franchise is considering a sale and looking for a price of around $300 million, sources tell CNBC.
Biden says he will announce Fed chair pick 'fairly quickly' with Powell term up in February
President Joe Biden didn't say if he planned to renominate current chair, Jerome Powell.
Trump ally Rudy Giuliani seeks to block feds from getting 3 items of thousands seized under search warrant
Investigators are known to be probing Giuliani's dealings in Ukraine, where he had worked to dig up politically damaging material on Joe Biden and Hunter Biden.
Outback Steakhouse parent's stock tumbles 10% after higher costs hit 2022 forecast
Shares of Bloomin' Brands tumbled 10% on Tuesday after the company said it's expecting an additional $170 million in costs next year due to inflation.
Treasury yields fall slightly ahead of Fed meeting
U.S. Treasury yields fell slightly on Tuesday ahead of the key Federal Reserve decision on Wednesday.
Justice Department files antitrust suit to block $2 billion merger of Penguin Random House, Simon & Schuster
The Biden administration on Tuesday sued Penguin Random House and Simon & Schuster to block the two companies from completing a $2.175 billion merger.
Netflix launches its first mobile games
Netflix games will first roll out to Android users and later will be available on Apple's iOS.
Investors expect a faster pace for Fed rate hikes, CNBC survey shows
The CNBC Fed Survey indicates the Fed will announce a decision to taper Wednesday and begin hiking interest rates sooner than previously forecast.
Microsoft launches Loop, an Office app for helping workers stay on top of projects
Microsoft's newest Office technology will give people a way to collaborate on documents in real time, from inside familiar programs such as Teams.
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