Day: August 10, 2022
Software company acquisitions are a bullish sign for the sector’s stocks, Cramer says
CNBC’s Jim Cramer on Wednesday said that software company acquisitions that have gotten rolling in recent weeks suggest that stocks in the sector could be close to bottoming. “The long software nightmare may finally be over, although I still urge you to be selective with these things and stick with the ones that actually make […]
Read More
Cramer’s lightning round: Trinseo 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
Read More
What ‘crypto winter?’ Schwab launches ETF giving investors significant cryptocurrency exposure
Investors have a new way to buy cryptocurrencies. Schwab Asset Management released its Schwab Crypto Thematic ETF (STCE) this month to answer investor demand. David Botset, who was directly involved in the launch, told CNBC’s “ETF Edge” the new product is unique because investors get an indirect way to significantly play cryptocurrencies. “It is a […]
Read More
U.S. rethinks steps on China tariffs in wake of Taiwan response, sources say
US President Joe Biden gestures as he meets with China’s President Xi Jinping during a virtual summit from the Roosevelt Room of the White House in Washington, DC, November 15, 2021. Mandel Ngan | AFP | Getty Images China’s war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to […]
Read More
Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market … totally saw peak inflation coming. I think you had to be deliberately obtuse to miss this because commodity prices have been collapsing a while ago, but now it’s […]
Read More
Stocks making the biggest moves after hours: Disney, Bumble, Sonos & more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines after the bell Wednesday: Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 […]
Read More
Disney lowers 2024 forecast for Disney+ subscribers by 15 million
An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022. Yousef Saba | Reuter Disney on Wednesday lowered its 2024 forecast for Disney+ to 215 million to 245 million subscribers, down […]
Read More
Hackers have stolen $1.4 billion this year using crypto bridges. Here’s why it’s happening
Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos […]
Read More
Disney raises prices for Disney+, Hulu and ESPN+ as streaming services post big operating loss
Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable. Starting Dec. 8 in the U.S., Disney+ with commercials will be $7.99 per month — currently the price of Disney+ without ads. The price of ad-free Disney+ will rise 38% to $10.99 — […]
Read More
Disney subscriber growth blows past estimates, as company beats on top and bottom line
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images If Disney+’s subscriber growth is any indication, the rumors that the global streaming market is nearing saturation have been proven untrue. On Wednesday, the […]
Read More