Day: August 4, 2022
Cramer’s lightning round: I like E.L.F Beauty over Coty
Ammo Inc: “I know it’s a little bit of a far field in terms of where you are versus what it is, but Dick’s is my favorite in that group.” Inmode Ltd: “It’s a good company, but the people hate the medical device companies. … I think they’re overly hated. That’s why I like [Johnson […]
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Warner Bros. Discovery CEO David Zaslav embraces the past as he plans his company’s future
David Zaslav, President and CEO of Warner Bros. Discovery talks to the media as he arrives at the Sun Valley Resort for the Allen & Company Sun Valley Conference on July 05, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images The biggest decision for any big media chief executive officer is how much […]
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XPO Logistics’ Brad Jacobs discusses stepping down as CEO with Mario Harik to succeed him
XPO Logistics announced Thursday that Mario Harik will be taking over the role of chief executive from Brad Jacobs after the company’s spin-off of its high-tech truck brokerage business in the fiscal fourth quarter. Harik was also named president of XPO’s less-than-truckload business. He had served as acting president since last October. Jacobs will remain […]
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What this ‘play the recovery’ strategy says about the hot bond market’s future
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yields contributed to the deceleration of fund outflows in May. Andrew McOrmond of WallachBeth Capital, an institutional execution service provider, believes the inflows can […]
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Jim Cramer says to consider buying these 8 stocks now that commodity prices are down
CNBC’s Jim Cramer on Thursday advised investors to take advantage of falling commodity prices by adding to their portfolios. “Oil’s down big, gasoline’s down big and you can now buy all sorts of stocks that benefit from cheaper fuel, especially the travel and leisure plays,” he said. The “Mad Money” host earlier this week criticized […]
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Virgin Galactic again delays space tourism flights, to second quarter 2023
Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Space tourism company Virgin Galactic on Thursday postponed the beginning of its commercial flights by another three months, citing delays in work refurbishing its carrier aircraft. Virgin Galactic announced that commercial service is […]
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AMC plans to issue 517 million shares of preferred stock, under the ticker symbol ‘APE’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment appears to have found a creative solution to boost its share count and raise funds after investors balked at a proposal to issue more shares last year. AMC […]
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Biden will keep aircraft carrier group in the South China Sea but postpone missile test
The USS Ronald Reagan (CVN-76) aircraft carrier is seen during a port visit in Hong Kong on October 2, 2017. Anthony Wallace | AFP | Getty Images WASHINGTON — President Joe Biden will keep an American naval aircraft carrier strike group in the South China Sea longer than originally planned in response to Chinese missile […]
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Astra pausing rocket launches until at least 2023, as quarterly losses and a failure investigation continue
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Small rocket-builder Astra said Thursday it would not have any additional flights this year after the company reported another quarterly loss. “Whether we’ll be able to commence commercial launches in 2023 will depend on the success […]
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Former Vice President Dick Cheney rips ‘coward’ Trump in election ad for daughter Liz
Former Vice President Dick Cheney looks on as his daughter Rep. Liz Cheney, R-Wyo., takes the oath of office on the House floor on Tuesday, Jan. 3, 2017. Bill Clark | CQ-Roll Call, Inc. | Getty Images Former Vice President Dick Cheney assailed ex-President Donald Trump as a “coward” and a prime threat to the […]
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