Month: May 2022
In a faceoff with Elon Musk, the SEC blinked
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement he made about Tesla […]
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‘That is not capitalism, that is abusing the market:’ Sen. Ted Cruz blasts BlackRock’s Larry Fink’s ‘woke’ ESG policies
Sen. Ted Cruz (R-TX) speaks during a news conference at the U.S. Capitol October 6, 2021 in Washington, DC. Alex Wong | Getty Images Sen. Ted Cruz blasted BlackRock CEO Larry Fink on Tuesday for so-called “woke” investment decisions — and suggested money managers like Fink be barred from voting on behalf of other investors […]
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Stocks making the biggest moves midday: Snap, Abercrombie & Fitch, Roblox and more
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after […]
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Palantir CEO weighs in on the Ukraine war: ‘The lesson for every big country is holy s—‘
Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir CEO Alex Karp believes that the war between Russia and Ukraine is making big countries re-consider their […]
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The profit picture for these rare stocks is brightening while the market is mired in recession fears
As many companies deal with rising costs, slowing demand and ongoing recession fears, a CNBC Pro screen surfaced some bright spots that are actually gaining earnings momentum. Investors have been contending with a steep market sell-off for the past two months as inflation worsened by the Russia-Ukraine conflict increasingly weighs on businesses. This week, traders […]
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Trump’s picks in Tuesday’s GOP primaries spent over $400,000 at Mar-a-Lago
Former U.S. President Donald Trump’s Mar-a-Lago resort is seen in Palm Beach, Florida, February 8, 2021. Marco Bello | Reuters The campaigns of seven Republican candidates endorsed by former President Donald Trump spent over $400,000, combined, at his private club Mar-a-Lago in the buildup to Tuesday’s primary clashes, according to federal and state campaign finance […]
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Former White House press secretary Jen Psaki will join MSNBC this fall
U.S. White House press secretary Jen Psaki speaks during a press briefing at the White House in Washington, December 20, 2021. Kevin Lamarque | Reuters Jen Psaki, who left her role as President Joe Biden’s press secretary earlier this month, will join cable news network MSNBC this fall. Psaki will appear across all MSNBC programs […]
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Sales of newly built homes tumbled over 16% in April while prices soared
Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census. The annualized rate came in at 591,000 units, seasonally adjusted. Analysts had been expecting 750,000. March’s read was also revised lower. That is the slowest sales pace since […]
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Still missing your tax refund? You’ll soon receive 5% interest — but it’s taxable
Bill Oxford | E+ | Getty Images If you’re still waiting for a tax refund, there’s a silver lining: it may be accruing interest, and the rate jumps to 5% from 4% on July 1, according to the agency’s latest quarterly adjustment. Typically, the IRS has 45 days after the filing deadline to process returns […]
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Snap falls 40% on pace for worst day ever, dragging other stocks with it
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plunged 40% on Tuesday, putting the company on pace for its worst day ever and dragging down other social […]
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