Day: August 2, 2022
Cramer’s lightning round: AST SpaceMobile is not a buy
“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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Cramer says Fed officials’ aggressive inflation statements on Tuesday are dragging down market
CNBC’s Jim Cramer on Tuesday said that inflation is coming down at a good pace as he called out Federal Reserve leaders for hawkish comments that are dragging down the market. “While we hear Fed officials and hedge fund managers and strategists opine about how the Federal Reserve will have to double the federal funds […]
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Airbnb stock slumps despite record-breaking bookings
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Airbnb beat Wall Street estimates for earnings and posted revenue that was in line with estimates for the second quarter. The company also announced a $2 billion share buyback program. Shares were down about 9% after hours, despite what appeared to be a strong report, […]
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Nikola shareholders approve measure to issue new stock over ex-CEO Trevor Milton’s objection
Nikola Motor Company Source: Nikola Motor Company Electric truck maker Nikola has finally won shareholder approval to issue new stock, the company said on Tuesday. Nikola has been trying for two months to win enough votes to overcome the objection of its since-departed founder, who previously voted his 20% interest in Nikola against the proposal. […]
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Match shares plunge more than 20% after online dating company misses on revenue and forecast
The Covid-19 pandemic resulted in an increase in people looking for love on dating platforms such as Match Group’s Tinder app. Beata Zawrzel | NurPhoto | Getty Images Match Group shares tumbled 22% in extended trading on Tuesday after the dating site reported second-quarter revenue that missed analyst expectations and issued weaker-than-expected guidance. Here’s how […]
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Jan. 6 texts of Trump Defense officials wiped clean by Pentagon, court filing shows
Aerial view of the United States military headquarters, the Pentagon. Jason Reed | Reuters Text messages received and sent by top Pentagon officials who were part of the Trump administration on Jan. 6, 2021, have been wiped from their government-issued phones, according to a federal court filing that cites statements by the Defense Department and […]
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Stocks making the biggest moves after hours: PayPal, Airbnb, Match Group, Caesars and more
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines in extended trading. Match Group — Shares of the dating app operator tumbled as much as 23% after the company reported revenue of $795 million for the second quarter, compared with […]
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PayPal jumps as Elliott Management says it has a $2 billion holding in the financial-services company
Dan Schulman, president and chief executive officer of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Patrick T. […]
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AMD beats on earnings and revenue, but third-quarter forecast comes in light
Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD), speaks during a launch event in San Francisco, California, U.S., on Wednesday, Aug. 7, 2019. David Paul Morris | Bloomberg | Getty Images AMD reported results for the quarter ending in June that beat estimates for profit and revenue, but the chipmaker […]
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Starbucks beats earnings and revenue estimates, despite lockdowns in China
An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China weighing on its performance. Shares of the company rose more […]
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