Day: September 1, 2022
Amazon loses effort and hard work to overturn historic union election at Staten Island warehouse
Chris Smalls and Derrick Palmer at the short-term headquarters of the Amazon Labor Union in Staten Island, New York, on June 15, 2022. Katie Schoolov A historic union victory at Amazon’s Staten Island warehouse should really be upheld, a Nationwide Labor Relations Board formal recommended on Thursday. In April, extra than 2,600 workers at Amazon’s […]
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Cramer’s lightning round: I prefer Pioneer Natural Resources over Marathon Oil
Marathon Oil: “Marathon Oil is good, but why not own one of these with a giant dividend? How about Pioneer? Pioneer has the largest dividend in the S&P, and that’s my one. That’s the thing I would do. [CEO] Scott Sheffield know what he’s doing. He’s terrific.” Skyworks Solutions: “You know what, we own Qualcomm […]
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Inventory futures are flat in advance of critical August careers report due Friday
U.S. stock futures have been flat Thursday as traders await a key careers report for August thanks Friday that will give far more info about the point out of the economic system. Dow Jones Industrial Ordinary futures fell 9 details, or .03%. S&P 500 and Nasdaq 100 futures get rid of .02% and .01%, respectively. […]
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Longtime CEO of Motorola Solutions says demand has never been stronger for the company’s products
Motorola Solutions CEO Greg Brown told CNBC on Thursday that demand for the company’s public safety and enterprise security products has never been stronger. In an interview on “Mad Money,” Brown indicated Motorola’s business remains resilient despite concerns of a slowing global economy because a major upgrade cycle is underway. related investing news Intuit and […]
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Signet Jewelers CEO says tough economic times are an opportunity to capture more market share
Signet Jewelers can continue to expand its market share even as the U.S. economy slows and inflation weighs on consumers, CEO Gina Drosos told CNBC on Thursday. The comments in a “Mad Money” interview came after Signet reported second-quarter results earlier in the day. While earnings per share topped estimates and revenue met expectations, the […]
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‘Don’t be a hero’ — Cramer says unprofitable stocks may have even more room to fall
Investors should continue to shun money-losing companies, CNBC’s Jim Cramer said Thursday, contending the turbulence that dominated earlier this year has returned with vigor. “It’s an unforgiving time. We’re back to the dynamic that defined January through mid-June,” the “Mad Money” host said. “So don’t be a hero right now, because there’s no telling how […]
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Starbucks names Laxman Narasimhan as new CEO, starting in April
Starbucks on Thursday named Laxman Narasimhan as its next chief executive officer. Narasimhan most recently served as CEO of health and hygiene company Reckitt, which owns brands such as Lysol, Durex and Mucinex. He announced earlier Thursday he was stepping down from that role. He’ll join Starbucks in October, learning about the company and its […]
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CDC panel recommends new omicron Covid boosters with shots expected to begin next week
Justin Sullivan | Getty Images The Centers for Disease Control and Prevention’s independent committee on vaccines recommended reformulated booster shots that target the latest omicron subvariants. The panel voted 13 to 1 Thursday in favor of the shots after reviewing the available safety and effectiveness data in an almost seven-hour-long meeting. CDC Director Dr. Rochelle […]
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GameStop meme stock movie ‘Dumb Money’ in the works with Seth Rogen, Pete Davidson
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Last year’s GameStop meme stock phenomenon is making its way to the big screen, as “Saturday Night Live” alum Pete Davidson, “There Will Be Blood” actor Paul Dano, “Pineapple […]
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Why Arm’s lawsuit towards Qualcomm is a massive offer
Qualcomm Inc. President and CEO Cristiano Amon speaks during the company’s press celebration for CES 2022 at the Mandalay Bay Convention Middle on January 4, 2022 in Las Vegas, Nevada. CES, the world’s most significant once-a-year shopper technologies trade display, is remaining held in person from January 5-7, with some companies choosing to participate just […]
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