Month: June 2022
These stocks are winning the inflation battle and expanding margins
The highest inflation reading since 1981 left the stock market rattled on Friday and investors scrambling once again to find places where they can hide from these persistent price pressures. There are a few stocks that could fit the bill. CNBC Pro sought to find companies winning the inflation battle. These names expanded profit margins […]
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Biden administration to drop Covid testing requirements for international air travel
A man checks in at a Covid-19 testing site in the international arrivals area of Los Angeles International Airport in Los Angeles, California on December 22, 2021. Frederic J. Brown | AFP | Getty Images The Biden administration is dropping Covid-19 testing requirements for inbound air travelers from abroad, the White House said Friday. Airlines […]
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Fired Fox News editor Chris Stirewalt says he will testify before Jan. 6 riot committee
Former U.S President Donald Trump is seen on video during the hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington, U.S., June 9, 2022. Jonathan Ernst | Reuters A former Fox News political editor who was fired by the cable network […]
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2-year Treasury yield surges above 2.9% on hotter-than-expected inflation report
Short-term U.S. Treasury yields popped Friday, after the release of hotter-than-expected inflation data raised concern over a possible recession. The 2-year rate jumped more than 8 basis points to trade above 2.9%. The benchmark 10-year Treasury yield briefly rose before giving up those gains, last trading at about 3.04%. Short-term rates moved more due to […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street turns decisively lower after another hot inflation report Traders work on the floor of the New York Stock Exchange NYSE U.S. stock futures turned sharply lower after Friday’s before-the-bell inflation report showed a bigger-than-expected increase. […]
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Job cuts hit cybersecurity industry despite surging growth from ransomware attacks
A construction crew assembles a display for the RSA Conference at Moscone Center in San Francisco, Calif. Paul Chinn | San Francisco Chronicle via Getty Images Nothing has lowered Cybereason’s expectations for growth. Rather, the continuing rise in ransomware attacks has forced its clients to bolster spending on security systems, putting the security software company […]
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Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could cut into its business. Vail Resorts (MTN) – Vail […]
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This CEO learned a valuable lesson as a young jeweler’s assistant – and he credits it for his success
Arcelik CEO Hakan Bulgurlu shares his career-defining lightbulb moment with CNBC’s “My Biggest Lessons.” Hakan Bulgurlu has learned a lot of lessons over his career, but he says the most important one is trust. Bulgurlu told CNBC “Make It” that earning the trust of his customers and employees has been an essential part of being […]
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DocuSign gets 3 downgrades as analysts grow worried about e-signature company’s business
Some analysts are losing faith in DocuSign after the e-signature company posted disappointing quarterly results that showed signs of a slowdown in its business. Shares of DocuSign benefitted during the pandemic as more consumers shifted to online transactions but have fallen nearly 43% since the start of the year. Evercore ISI’s Kirk Materne downgraded the […]
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Russia cuts key interest rate back to prewar level
National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters The Central Bank of Russia on Friday cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began. Although acknowledging that the external environment […]
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