Day: February 14, 2023
CNBC Daily Open: U.S. inflation rose more than expected. But stocks held steady
U.S. egg prices jumped by two to three times in January. Fatih Aktas | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? […]
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Barclays says purchase Tesla shares, sees 30% rally in the ‘clear leader’ of the electric transition
Barclays initiated protection of Tesla shares with an chubby score just after the bell on Tuesday, expressing shares of Elon Musk’s electrical automobile maker should rebound this year for the reason that of its relative monetary toughness and direct in software. “We imagine that Tesla’s distinct lead in both equally the world EV transition and […]
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David Tepper’s Appaloosa purchases stakes in Disney, Caesar’s Enjoyment
Billionaire hedge fund supervisor David Tepper constructed stakes in two big enjoyment corporations in the fourth quarter, according to securities filings . Tepper’s Appaloosa Management bought 300,000 shares of Disney and 425,000 shares of Caesar’s Entertainment throughout the fourth quarter. Those people stakes were well worth about $26.1 million and $17.7 million, respectively, at the […]
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Stocks making the big moves after hours: Airbnb, TripAdvisor, Devon Energy and more
The TripAdvisor homepage Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Airbnb — Shares of Airbnb jumped 10% after the company released fourth-quarter earnings that topped analysts’ expectations. The company reported earnings per share of 48 cents, greater than the estimated 25 cents, according to consensus estimates […]
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Airbnb beats on EPS and revenue, shares pop
CNBC’s Deidra Bosa joins ‘Closing Bell: Overtime’ to report on Airbnb’s earnings report. Virtus’ Joe Terranova reacts to the figures. Supply
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Airbnb beats on earnings and revenue, stock is up
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Shares of Airbnb rose about 9% in extended trading Tuesday soon after the corporation introduced fourth-quarter earnings that conquer analysts’ estimates on top rated and base strains. This is how the company did: EPS: 48 cents vs. 25 cents predicted by analysts, according to […]
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Baupost’s Seth Klarman hikes his Meta, Amazon stakes suitable in advance of the huge rebound
Baupost’s Seth Klarman drastically amplified his stake in some of the most important technological innovation organizations in the fourth quarter, just in advance of the team staged a big comeback, according a new regulatory submitting. The hedge fund manager more than doubled his holding in Google father or mother Alphabet , creating it his seventh most important […]
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Household budgets are shredded: These stocks will benefit as consumers trade down to store brands
Shoppers are largely creatures of habit, but after two years of rising prices, a broader shift to private label brands is underway. Inflation doesn’t appear to be going down anytime soon, although price increases have been subsiding since the June 2022 peak. The consumer price index, which measures a basket of common goods and services, […]
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The IRS has issued nearly 8 million tax refunds. Here’s the average payment
Bill Oxford | E+ | Getty Images The tax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the agency reported. The average refund amount was $1,963, down from last year’s payment of $2,201 at the same point in the filing season. Of course, […]
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