Day: June 21, 2022
Amazon loses two Black executives, including one on leadership team
Jeff Kowalsky/Bloomberg via Getty Images Amazon is losing two top executives who lead warehouses and transportation. Alicia Boler-Davis, senior vice president of global customer fulfillment and a member of the company’s leadership team, and David Bozeman, VP of Amazon Transportation Services, are departing the company, according to people familiar with the matter. Both were among […]
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Cramer’s lightning round: I like MP Materials
American Airlines Group Inc: “Long term, I don’t like the airline. Short term, this stock is too low, given the fact that people are traveling.” Marathon Oil Corp: “I like Marathon, because I like the oils. … Don’t get greedy. [Buy].” T Rowe Price Group Inc: “This company is radically undervalued because it happens to […]
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Beyonce’s ‘Break My Soul’ is a sign the Great Resignation ‘has seeped into the zeitgeist,’ says labor economist
Beyoncé released a new single, “Break My Soul,” on Monday. The song references quitting a job and employee stress, alluding to the recent Great Resignation trend. Larry Busacca | PW18 | Getty Images The Great Resignation is part of the zeitgeist. If you need proof, just ask Beyonce. The superstar singer’s new single, “Break My […]
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Why Jim Cramer thinks owning Sweetgreen stock is ‘a recipe for portfolio destruction’
CNBC’s Jim Cramer on Tuesday warned investors not to invest in Sweetgreen, saying the stock is unlikely to perform well in an inflationary environment. “This is a bear market, not a bull market. … In a bear market, you do not stick your neck out to pick at hated stocks,” he said. “Right now, Wall […]
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Fraud trial against Elizabeth Holmes’ partner at Theranos nears end
SAN JOSE, Calif. — In a harshly worded closing argument, prosecutors on Tuesday said former Theranos COO Ramesh “Sunny” Balwani “wasn’t a victim, he was the perpetrator of fraud” in the company’s downfall, while his attorney blasted the government’s case calling it inconsistent. The closing statements capped a three-month-long trial where the government alleged Balwani […]
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Inflation won’t come down anytime soon if Tuesday’s rally lasts, Jim Cramer warns
CNBC’s Jim Cramer said that Tuesday’s market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible. “Right now, the best outcome would be for the averages to come down quickly, so [Fed Chair Jay Powell] can get it over with,” he said. “Powell had better hope […]
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Stock futures are flat after markets claw back some losses from weeks of selling
U.S. stock index futures were flat overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were little changed. During regular trading Tuesday, the Dow surged 641 points, or 2.15%. […]
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SpaceX ramps up FCC battle over broadband usage the company says poses an existential threat to Starlink
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images WASHINGTON – Elon Musk’s SpaceX on Tuesday ramped up a battle over broadband regulations with Dish Network and an affiliate of […]
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Senators say agreement on gun violence compromise is at hand
Sen. Chris Murphy, D-Conn., conducts a news conference after the senate luncheons in the U.S. Capitol on Tuesday, June 14, 2022. Senate Majority Leader Charles Schumer, D-N.Y., appears at left. Tom Williams | Cq-roll Call, Inc. | Getty Images Senators have moved to the brink of an agreement on a bipartisan gun violence bill, Democrats’ […]
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DOJ settles lawsuit with Facebook over allegedly discriminatory housing advertising
Facebook CEO Mark Zuckerberg testifies before the U.S. House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington on Oct. 23, 2019. Xinhua News Agency | Getty Images The Department of Justice reached a settlement with Facebook owner Meta over […]
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