Day: July 25, 2022
Sisters Kylie Jenner and Kim Kardashian urge Instagram to stop copying TikTok
Kylie Jenner on May 03, 2019 in New York City. Pierre Suu | GC images | Getty Images Celebrity sisters Kylie Jenner and Kim Kardashian criticized Instagram on Monday, urging the app to stop mimicking rival TikTok. To their hundreds of millions of Instagram followers, Jenner and Kardashian posted a message that read, “Make Instagram […]
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Cramer’s lightning round: BHP Group is not a buy
Prudential Financial Inc: “The best insurer’s Chubb, and that stock keeps going down. So as far as I’m concerned, we’ve got to stay away from the insurers.” Arbor Realty Trust Inc: “I tend to be against these companies. … Real estate finance is just a dicey business.” BHP Group Ltd: “We do not buy a […]
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NYSE president says the appeal of the public market has ‘never been more alive and well’
Companies are eager to go public but are holding back due to the uncertainty in the market, NYSE President Lynn Martin told CNBC’s Jim Cramer on Monday. “It’s on pause. The reason it’s on pause is because of all the volatility that you see in the market. But you know, the companies that I talk […]
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Federal prosecutors, SEC probing ex-WWE CEO Vince McMahon’s hush payments, report says
WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES in Las Vegas. Getty Images The Securities and Exchange Commission and federal prosecutors have launched probes into payments made by World Wrestling Entertainment CEO Vince McMahon to settle allegations of sexual misconduct, according to a new […]
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Jim Cramer’s week ahead: Fed’s actions could lead to market rally with big earnings on deck
CNBC’s Jim Cramer on Monday told investors that the Federal Reserve’s actions this week could lead to a bull market. “If [Fed Chair] Jerome Powell says, ‘we’re getting a 75 basis point rate hike and then we’ll see what happens’ … then you might get a rip-snorting rally,” the “Mad Money” host said. “On the […]
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Walmart’s profit warning shows inflation is still a big problem. Here’s our take
One would have thought that a Walmart guidance cut was already priced into the stock. But clearly, it was not. Source
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Senate postpones key vote on bill to fund U.S.-made computer chips due to thunderstorms
A technologist inspects a computer chip. Sefa Ozel | Getty Images Severe weather will delay the Senate’s push to quickly pass funding to bolster domestic semiconductor manufacturing and boost U.S. competitiveness with China, Senate Majority Leader Chuck Schumer, D-N.Y., said Monday. The bill was expected to clear a key procedural hurdle in the Senate on […]
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Stock futures fall after Walmart cuts forecast, says inflation hit consumer spending
Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. stock futures fell on Monday night after Walmart cut its profit forecast, sending retail stocks tumbling after hours. Dow Jones Industrial Average futures fell by 133 points, or 0.4%. S&P 500 and Nasdaq 100 futures declined 0.3% and 0.4%, […]
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Amazon sinks after Walmart lowers profit outlook on inflation concerns
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday that it now expects adjusted […]
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Stocks making the biggest moves after hours: Walmart, Target, Whirlpool and more
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas. Rick Wilking | Reuters Check out the companies making headlines after hours. Walmart — Shares dropped more than 8% in extended trading Monday after the retailer lowered its quarterly and full-year profit forecast, citing sharply rising food inflation that is hurting consumer spending on general […]
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