Month: June 2022
The ‘Halftime Report’ investment committee weigh in on cruise stocks
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s ‘Halftime Report’ investment committee, Liz Young, Joe Terranova, Steve Weiss and Pete Najarian discuss Carnival and cruise line stocks. Source
Read More
LVMH buys California wine giant Joseph Phelps as high-end drinks market soars
LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The deal delivers Moet one of the best-known California wine makers, famous for its red table wines and premium Insignia label, and deepens its foothold in the U.S., […]
Read More
Powell vows to prevent inflation from taking hold in the U.S. for the long run
U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022. Mary F. Calvert | Reuters Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term. “The risk is that because […]
Read More
Stocks making the biggest moves midday: Bed Bath & Beyond, Carnival, Upstart and more
A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the retailer plummeted about 21% after the company missed revenue estimates and posted a […]
Read More
Pelosi receives Communion in Vatican amid abortion debate
ROME — House Speaker Nancy Pelosi met with Pope Francis on Wednesday and received Communion during a papal Mass in St. Peter’s Basilica, witnesses said, despite her position in support of abortion rights. Pelosi attended the morning Mass marking the feasts of St. Peter and St. Paul, during which Francis bestowed the woolen pallium stole on […]
Read More
Summer temperatures — and inflation — are running hot. Here’s how to save money on cooling bills as prices rise
A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Tips for efficient energy use Most cooling systems use electricity, so making sure your home is running as efficiently as possible can […]
Read More
DOJ says the U.S. and allies have frozen $30 billion of Russian elites’ assets, $300 billion of Moscow bank funds
The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey. Anadolu Agency | Getty Images The Department of Justice said Wednesday that […]
Read More
Bed Bath & Beyond says it’s still open to selling its Buybuy Baby division
A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes up its leadership suite and ousts its CEO, the retailer said Wednesday it remains open to another big change: A potential sale of its baby […]
Read More
We’re trimming a stock we like that’s rallying to replenish some cash for future market downturns
Our sale of some shares is not a call on the health insurer stock in question or our investment thesis. Source
Read More
Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off
Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. A deal […]
Read More