Year: 2023
Disney board exposed itself to activist intervention, but Peltz may be overreaching
Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Midtown Manhattan on October 24, 2019 in New York City. Drew Angerer | Getty Images Activist investor Nelson Peltz spent about 30 minutes Thursday morning speaking with CNBC’s Jim Cramer and […]
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This is the inflation breakdown for December 2022 — in a single chart
Vital Points The inflation level fell yet again in December, to 6.5% on an yearly basis, according to the purchaser price index. That’s down from 7.1% in November and a 9.1% peak in June 2022. Buyers truly noticed general deflation throughout the thirty day period mainly owing to plummeting gasoline price ranges from November to […]
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Investing in Space: Digital orbital danger
An artist’s ilustration of satellite connections in orbit above the Earth. SpiderOak CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights. Sign up […]
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These below-the-radar financial institution stocks are amongst Wall Street’s favorites as earnings period commences
Various significant financial institutions will kick off earnings time for the sector on Friday, nonetheless it can be the smaller, underneath-the-radar names that are most loved by Wall Road. Alongside with the broader marketplace, financial institutions experienced a difficult 2022. The SPDR S & P Bank ETF lost far more than 17%, although it was […]
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People with diabetes struggle to find Ozempic as it soars in popularity as a weight loss aid
Tammie Rachell Largent-Phillips, 52, has Type 2 diabetes. For the past two years, she’s managed the condition using a drug called Ozempic, which helps people with diabetes keep blood sugar levels in check. But in November, she was forced to switch to another medication, insulin. The Ozempic she needed was no longer available at her […]
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Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition
Disney is facing a proxy fight as Nelson Peltz’s activist firm Trian Fund Management pushes for a seat on its board. Peltz spoke on CNBC’s “Squawk on the Street” on Thursday, making his case for the fight his firm has picked with Disney, raising issues with Disney’s $71 billion acquisition of Fox in 2019 and […]
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JPMorgan shutters web site it paid $175 million for, accuses founder of inventing thousands and thousands of accounts
Key Points JPMorgan Chase on Thursday shut down the site for a college fiscal aid platform it bought for $175 million just after alleging that the company’s founder made virtually 4 million phony client accounts. JPMorgan stated it realized the truth about Frank soon after sending out advertising and marketing e-mails to a batch of […]
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Hire the Runway to provide secondhand luxurious on Amazon as it chases profitability
Jennifer Hyman, Lease the Runway Scott Mlyn | CNBC Lease the Runway started advertising its secondhand luxurious dresses Thursday on Amazon as the subscription-primarily based startup proceeds to chase profitability. Hundreds of products from the company’s “pre-loved” collection, as well as new, in no way-worn parts from its “design collective,” can now be purchased right […]
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After ‘misery’ for tax filers in 2022, IRS to start 2023 tax season stronger, taxpayer advocate says
Mykhailo Polenok / Eyeem | Eyeem | Getty Images After another challenging year for the IRS in 2022, the agency may be primed for a better 2023 tax season — but improvements may take time. The National Taxpayer Advocate on Wednesday released its annual report to Congress covering last year’s biggest issues at the IRS, […]
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Op-ed: Did House Speaker Kevin McCarthy genuinely achieve any electric power?
Heidi Heitkamp is a Democrat who represented North Dakota in the U.S. Senate from 2013 to 2019. She’s also a contributor for CNBC. Past 7 days, after ceding manage to the extremely-right wing of his get together, Rep. Kevin McCarthy turned the 55th Speaker of the U.S. Home of Representatives. This occurred immediately after the dysfunction and division […]
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