Month: June 2022
Former advisor to Vice President Kamala Harris joins Heather Podesta’s lobbying and PR firm
Shari Yost Gold, Senior advisor at Invariant Source: Shari Yost Gold Shari Yost Gold, a former advisor to Vice President Kamala Harris, is joining the lobbying and communications firm led by veteran lobbyist Heather Podesta. Yost Gold will be working as a senior advisor in communications and public affairs at Podesta’s firm Invariant, the two […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 officially closed in bear market Traders on the floor of the NYSE, June 13, 2022. Source: NYSE U.S. stock futures bounced after Tuesday’s cooler inflation report and what could […]
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Here are Tuesday’s biggest analyst calls: Coinbase, Apple, Amazon, Best Buy, Netflix, Tesla & more
Here are Tuesday’s biggest calls on Wall Street: Benchmark downgrades Netflix to sell from hold Benchmark said in its downgrade of the stock that it’s “skeptical” of a sustained a Netflix recovery. “We have made mild estimate revisions off continued U.S. dollar strength, including vs. the yen and European currencies, that is likely not fully […]
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Spirit Airlines says it will decide on competing JetBlue, Frontier bids before the end of June
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 said Tuesday that its board will decide on competing offers from JetBlue Airways and Frontier Airlines before a shareholder meeting at the end of the month as […]
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Novogratz says crypto going through a ‘Long Term Capital Management moment’ but nearing a bottom
Michael Novogratz Anjali Sundaram | CNBC Crypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s. “We are going through what feels to me a little bit like a Long Term Capital Management moment in crypto,” Novogratz said on CNBC’s […]
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Coinbase lays off 18% of workforce as executives prepare for recession and ‘crypto winter’
Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according […]
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The UK’s plan to rip up Brexit trade rules slammed for being in ‘clear breach’ of international law
The U.K. government has pushed ahead with plans to unilaterally override parts of the Northern Ireland protocol it agreed with the EU in 2019. Liam Mcburney – Pa Images | Pa Images | Getty Images LONDON — The U.K. government has pushed ahead with controversial plans to unilaterally override post-Brexit trade rules, ratcheting up the […]
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Stocks making the biggest moves in the premarket: Continental Resources, Oracle, National Vision and more
Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate the […]
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Bank of America downgrades Best Buy, says sales could revert to pre-pandemic levels
The shift in consumer spending and slowing U.S. economy are ominous signs for Best Buy , according to Bank of America. Analyst Elizabeth Suzuki downgraded Best Buy to neutral from buy, saying in a note to clients that electronics spending could be in for a big correction. “Although the company expects a modest YoY decline […]
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Bitcoin’s plunge spells trouble for the dot-com era entrepreneur who went all in
Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part of an unorthodox treasury management strategy. Eva Marie Uzcategui | Bloomberg | Getty Images Having once lost $6 billion at the height of the dotcom bubble, […]
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