Month: June 2022
Spirit delays shareholder vote on merger hours before meeting to continue deal talks with Frontier, JetBlue
A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines on Wednesday delayed shareholder vote on its proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for Thursday so it can further discuss […]
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Cramer’s lightning round: I prefer Deere over Nutrien right here
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Charts suggest the recent boom in commodities ‘is not long for the world,’ Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that while the commodities market could see a short-term upside, it will ultimately come down in the long term. “The charts, as interpreted by Carley Garner, suggest that the recent commodities boom is not long for the world. She says we could still see some short-term upside … but […]
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Palantir CEO Alex Karp on the difference between fighting with Peter Thiel and progressives
As U.S. companies and executives balance publicly addressing hot-button political topics, Palantir CEO Alex Karp said many still struggle with figuring out when they must speak out and when they shouldn’t. “Companies have a problem that it’s very hard for them to tether what they’re producing to a higher mission, and therefore they cannot exactly […]
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Pinterest improving user experience to help people ‘take more action’ on boards, new CEO Bill Ready says
Pinterest is working on helping users take tangible actions on their mood boards and pins, new CEO Bill Ready told CNBC’s Jim Cramer on Wednesday. “There’s a lot we can do to help them take more action on that intent, whether that action is making, or doing, or in some cases buying. There’s a variety […]
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Judge lifts Trump’s contempt order in New York civil probe
Former U.S. President Donald Trump arrives at Trump Tower in Manhattan on August 15, 2021 in New York City. James Devaney | GC Images | Getty Images A New York judge on Wednesday lifted a contempt-of-court order against former President Donald Trump that was imposed after he failed to comply with a subpoena as part […]
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Putin needs to be stopped in the battlefield — not with sanctions, says ex-president of Lithuania
It’s important to beat Russian President Vladimir Putin on the battlefield in Ukraine, as international sanctions alone won’t work, former president of Lithuania Dalia Grybauskaite told CNBC. “From the very beginning of the war, I [have] said that [Putin] only understands the language of strength, and he can be stopped [only] on the battlefield — […]
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The economy still isn’t ready for the significant rate hikes ahead, Wells Fargo CEO says
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflation, and that the economy is not as prepared as it should be. “I wouldn’t bet on a number, but I would bet […]
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Stock futures are flat as S&P 500 tracks for worst first half of the year since 1970
U.S. stock index futures were flat during overnight trading Wednesday, as the S&P 500 prepares to wrap its worst first half in decades. Futures contracts tied to the Dow Jones Industrial Average added 0.1%. S&P 500 futures gained 0.07%, while Nasdaq 100 futures were flat. During regular trading the Dow advanced 82 points, or 0.27%, […]
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R. Kelly sentenced to 30 years in prison in sex trafficking case
R. Kelly, the disgraced R&B superstar, was sentenced Wednesday to 30 years in prison, months after he was convicted on all nine counts against him in a high-profile sex trafficking case. U.S. District Court Judge Ann Donnelly handed down the sentence in a Brooklyn courtroom after several of Kelly’s victims angrily addressed the convicted sex offender […]
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