Month: August 2022
BTIG downgrades Snowflake, says growth could slow at cloud data company
Snowflake ‘s growth could be losing steam, according to BTIG. Analyst Gray Powell downgraded Snowflake to neutral from buy and lowered estimates, citing softening sentiment around the cloud computing company after speaking with its clients. “”In our recent fieldwork, we heard concerns on the potential for growth to slow in a weakening environment, and we […]
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Uber reports another big loss but beats on revenue, shares pop 10%
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in San Francisco, on Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty Images Uber reported a second-quarter loss on Tuesday but beat analyst estimates for revenue. Shares of Uber popped 10% in premarket trading. Here are the key numbers: […]
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Constellation Brands could jump nearly 20% on resilient consumer demand for beer, BMO says
Shares of Constellation Brands will get a boost as demand for beer remains strong, according to BMO. Analyst Andrew Strelzik initiated coverage of Constellation Brands with an outperform rating, saying that the parent company behind imported Mexican beer brands Modelo and Corona in the U.S. will continue to see strong demand for its products. “We […]
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White House struggles to insulate Biden’s China policy from Pelosi’s Taiwan trip
WASHINGTON — As House Speaker Nancy Pelosi reportedly prepares to land in Taiwan on Tuesday evening for a long-rumored official visit, her trip has exposed a rare schism between the Biden White House and the most powerful Democrat in Congress. Officially, the Biden administration has been careful to avoid directly answering questions about whether it […]
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U.S. fears Russia is using a ‘nuclear shield’ in Ukraine; Zelenskyy calls grain shipment a ‘positive signal’
BP’s Gelsenkirchen plant no longer uses Russian crude Shares of BP are up over 20% year-to-date. Sopa Images | Lightrocket | Getty Images Amid its second-quarter earnings update Tuesday, BP CEO Bernard Looney said that the firm’s refinery in Gelsenkirchen, Germany, no longer uses Russian crude, down from 50%. Oil majors have been one of […]
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California declares a state of emergency over monkeypox outbreak
California Gov. Gavin Newsom (D) talks with reporters after a meeting with Speaker of the House Nancy Pelosi, D-Calif., in the U.S. Capitol, on Friday, July 15, 2022. Tom Williams | CQ-Roll Call, Inc via Getty Images California has declared a state of emergency over the rapidly spreading monkeypox outbreak, the third U.S. state to […]
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Cramer’s lightning round: I like Costco over Big Lots
“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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Watch live: Biden addresses the nation after U.S. strike in Afghanistan kills top al-Qaeda leader
[The feed will begin at 7:30 p.m. ET] WASHINGTON — President Joe Biden will announce Monday that a CIA counterterrorism strike in Afghanistan killed al-Qaeda leader Ayman al-Zawahiri, two sources familiar with the matter told NBC News. The Associated Press first reported that al-Zawahiri was killed in the operation. The strike “was successful and there […]
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AGCO CEO says he expects grain shortage to last into next year
Global grain shortages will likely last through the end of this year and into next year, AGCO Corp CEO Eric Hansotia told CNBC’s Jim Cramer on Monday. “There’s just not enough grain in the world, and there won’t be for the rest of this year and probably even into next year. We have to have […]
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Cramer’s week ahead: Jobs report on Friday will make or break July’s rally
CNBC’s Jim Cramer on Monday said the most important data this week is the Bureau of Labor Statistics release of the July nonfarm payrolls report on Friday morning. “If it shows some job growth with no wage inflation, then the fabulous July rally can stand. But if it shows booming hiring with exceptionally large wage […]
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