Month: July 2022
The reason behind a mysterious trading surge in stocks like Berkshire Hathaway has been revealed
Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Berkshire Hathaway’s Class A shares are among the market’s most expensive stocks priced above $400,000 apiece and therefore it was often one of the least traded well-known companies. So a surge in volume that began over a […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Wednesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. What Netflix earnings mean for Disney 2. Halliburton has a cheap valuation 3. Bausch + Lomb chairman steps down 4. Quick mentions: AAPL, AMZN 1. What Netflix earnings mean […]
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Air travel complaints nearly tripled in May from same month in 2019, before the pandemic
Travelers at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, July 2, 2022. Angus Mordant | Bloomberg | Getty Images Staffing shortages. Delays. Lost luggage. Massive lines. High fares. Air travelers in 2022 have plenty to complain about. By many measures travel is worse than last year, but here’s how […]
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Latest photos of European heat wave show future ‘normal’ as London fire department has busiest day since WWII
An aerial view shows the rubble and destruction in a residential area following a large blaze the previous day, on July 20, 2022 in Wennington, Greater London. Leon Neal | Getty Images Europe is suffering under an unprecedented heat wave, leaving firefighters in London dealing with a huge surge in emergency calls. “Yesterday was the […]
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Ukrainian first lady urges Congress to send more weapons for fight against Russia
Ukrainian First Lady Olena Zelenska speaks to members of the US Congress about Russia’s invasion of Ukraine, in the US Capitol Visitors Center Auditorium on July 20, 2022, in Washington, DC. Saul Loeb | AFP | Getty Images WASHINGTON — Ukraine’s first lady, Olena Zelenska, on Wednesday urged bipartisan lawmakers to send more weapons to her […]
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For Netflix stock, it’s no longer subscribers or content. It’s all about the cash
A sign is posted in front of Netflix headquarters on April 20, 2022 in Los Gatos, California. Justin Sullivan | Getty Images A day after Netflix reported that its second-quarter slide in subscribers was much smaller than investors had feared, a different takeaway may sink in from the earnings report at the world’s largest streaming […]
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Canyon Partners’ Friedman says the markets can handle a recession and he’s building a shopping list
(Click here to subscribe to the Delivering Alpha newsletter.) Even if the economy faces two quarters of contraction — the traditional definition of a recession — Josh Friedman thinks it’s strong enough to withstand a more serious slowdown. Friedman is co-founder, co-chairman, and co-CEO of the $26 billion credit giant, Canyon Partners. He sat down with Leslie […]
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How to buy your first car without going broke
Buying your first car after graduation (or while you’re still in college) can be tricky — especially at a time like this when prices are soaring. The average price of a new car was $46,000 in June and the average price of a used car was $28,000, both up more than 20% since the start […]
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Secret Service gave just one text message thread to Jan. 6 probe in response to subpoena
A member of the US Secret Service speaks on a cellphone as US President-elect Donald Trump attends meetings at the US Capitol in Washington, DC, November 10, 2016. Saul Loeb | AFP | Getty Images The U.S. Secret Service handed over just one text message thread in response to a subpoena issued by the House […]
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Netflix’s earnings results mark pivot point for streaming giant, for better or worse
Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Netflix’s second-quarter earnings results can be interpreted in two very different ways. The company’s future depends on which reading turns out to be correct. […]
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