Month: June 2022
This stock stands to benefit from the retail glut that Target warned about
After Target (TGT) lowered its margin guidance for the second quarter, here’s where the CNBC Investing Club would look in the retail sector. Source
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Trump and his kids, Don Jr. and Ivanka, set to testify in New York attorney general investigation starting July 15
Republican presidential candidate Donald Trump (C) gives two thumbs up as Donald Trump Jr. (L) and Ivanka Trump (R) stand and cheer for Eric Trump as he delivers his speech during the third day of the Republican National Convention on July 20, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Joe Raedle | Getty […]
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Falling investor interest, lackluster user adoption threaten bitcoin outlook, Citi says
The collapse of the Terra network’s algorithmic stablecoin and sister currency luna added pressure to an already downbeat cryptocurrency market. Now investor activity and interest seem to be waning, according to Citi. The firm said that trading volumes and active wallet addresses have reverted back to normal levels after spiking around the time of Terra’s […]
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Bausch Health shares drop as results from its recent eyecare IPO fail to inspire
While we don’t directly own Bausch + Lomb stock, we do hold shares of Bausch Health, which owns about 90% of its former eyecare unit. Source
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Twitter plans shareholder vote by August on sale to Musk
The Twitter logo is displayed on the facade of the company’s headquarters in San Francisco. David Paul Morris | Bloomberg | Getty Images Twitter plans to hold a shareholder vote by early August on its $44 billion sale to Elon Musk, as it continues to work “constructively” to complete the deal with the world’s richest […]
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Watch live: U.S. AG Garland appoints DOJ team to review police response to Uvalde school shooting
[The stream is slated to start at 12:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] Attorney General Merrick Garland is set to announce a team of officials and experts reviewing the local and state law enforcement response to last month’s mass shooting at an elementary […]
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Cruise stocks lose steam
CNBC’s Seema Moody joins ‘The Exchange’ to report on the headwinds faced by cruise lines compared to other travel stocks. Source
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U.S. to ban sale of single-use plastic on public lands, national parks by 2032
Trash in the saw grass at the Big Cypress National Preserve Park. Jeff Greenberg | Universal Images Group | Getty Images The U.S. Interior Department said on Wednesday it will phase out the sale of single-use plastic products in national parks and other public lands by 2032, in an attempt to mitigate a major contributor to […]
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U.S. SEC chief Gary Gensler unveils plan to overhaul Wall Street stock trading
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021. Evelyn Hockstein | Pool | Reuters The top U.S. securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail […]
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Amazon consumer chief Dave Clark to join Flexport as its new CEO
Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Supply chain software start-up Flexport has tapped Dave Clark, Amazon’s worldwide consumer chief, to serve as its new CEO. Clark will take the helm at Flexport on Sept. 1, Flexport announced Wednesday. Flexport founder and CEO Ryan Petersen will transition into the […]
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