Month: May 2022
Citigroup downgrades U.S. equities, says get defensive because of ‘deflating bubble’
It’s time to get defensive on U.S. equities amid “significantly” rising recession risks, according to Citigroup. The global asset allocation team downgraded U.S. equities to neutral amid troubling signs — including disquieting signs in the stock market and hawkish guidance from the Federal Reserve chair — despite not technically holding a recession in its base […]
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Trump and GOP leaders to speak at NRA event in Houston after Texas school shooting
Former President Donald Trump will deliver a headline speech in support of gun rights at a National Rifle Association event in Houston on Friday, days after a shooting massacre at a Texas elementary school stoked a fervent push to strengthen firearm laws. An 18-year-old gunman — wielding an AR-15-style long rifle that he had purchased […]
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Twitter director Egon Durban won’t leave the board after shareholders voted to boot him
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter director Egon Durban won’t leave the board, even though he offered to resign […]
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Mansions in Boca Raton are commanding Miami Beach prices. Here’s a look inside
The $28.5 million mansion that recently hit the market in Boca Raton, FL located at 2633 Spanish River Rd. Danny Petroni Ultra-high-end real estate in Boca Raton, Florida, is on a stratospheric rise, breaking record sale prices every year for five consecutive years. And the price per square foot of the town’s top-end homes is now […]
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Why ‘Stranger Things’ star Caleb McLaughlin waited until after season 3 to make his first big purchase: ‘I never really cared about splurging’
“Stranger Things” star Caleb McLaughlin has been a household name ever since the show first premiered in 2016. But it wasn’t until recently that the 20-year-old made his first big purchase with his Netflix earnings. McLaughlin tells CNBC Make It that for the first few years after the show was released, he was careful about […]
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Russian stocks may be ‘essentially worthless,’ MSCI research suggests
Russian stocks may have “no value” compared to the prices listed on the Moscow Exchange, new research from MSCI has suggested. Moscow ceased trading after stocks capitulated on the back of Russia’s invasion of Ukraine, reopening a month later after the exchange’s longest shutdown since the fall of the Soviet Union. The Moscow Exchange also […]
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Domestic airfares hit five-year high amid Memorial Day travel surge
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau joins ‘Squawk Box’ ahead of the busy Memorial Day travel weekend to report how consumers are responding to higher fuel prices. Source
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Watch CNBC’s full interview with Priceline CEO Brett Keller
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Priceline CEO Brett Keller joins CNBC’s ‘Squawk Box’ to discuss how consumers are shifting their summer travel plans amid higher prices. “You’re going to see really busy airports, not just on Memorial Day but throughout the summer,” Keller tells CNBC. Source
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Priceline CEO Brett Keller: Airports will be busy with travelers throughout the summer
Priceline CEO Brett Keller joins CNBC’s ‘Squawk Box’ to discuss how consumers are shifting their summer travel plans amid higher prices. Source
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Stocks making the biggest moves premarket: Big Lots, Hibbett, Pinduoduo and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. The company also reported a larger-than-expected slump in comparable-store sales and issued cautious full-year guidance, saying inflationary pressures reduce discretionary spending. Hibbett (HIBB) […]
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