Day: May 29, 2024
This global fund’s stock could rally by 35% if buyback limits are removed, fund manager says
Caledonia Investments could see its stock price soar by more than 35% if restrictions on share buybacks are lifted, according to fund manager Brian McCormick. Caledonia invests in privately run companies and funds and publicly listed companies such as Microsoft , Oracle , Moody’s , Philip Morris , and British American Tobacco . The company, […]
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Goldman Sachs names global ‘alpha’ stock ideas — and gives one nearly 60% upside
European markets have largely had a good run this year — with several market watchers looking keenly at the region and saying that it could have a ” greater tailwind than the U.S. ” Europe’s Stoxx 600 dipped in the last few days, but had been climbing since the start of the year. The benchmark […]
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Gen Zs are spending big to travel this summer — even if it means going into debt
Move over family travelers. Gen Zs are set to make the biggest splash this summer, with surveys showing they are upping their vacation plans and spending more than older travelers. No longer satisfied with road trips to their parents’ homes, Gens Z are planning international trips at higher rates than other generations, according to a […]
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Nelson Peltz sells entire Disney stake weeks after losing proxy battle
Bob Iger and Nelson Peltz. CNBC Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 […]
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Stocks making the biggest moves after hours: Salesforce, UiPath, Capri, Pure Storage and more
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019. Brendan Mcdermid | Reuters Check out the companies making headlines in extended trading: Salesforce — Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG. Adjusted earnings […]
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UiPath shares tank 30% right after corporation announces CEO shakeup
UiPath co-founder & CEO Daniel Dines Courtesy: UiPath UiPath shares plunged far more than 30% on Wednesday soon after the program firm reported CEO Rob Enslin is resigning successful June 1, and becoming replaced by co-founder Daniel Dines, who stepped down as co-CEO on Jan. 31. The shakeup arrives much less than five months after […]
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McDonald’s exec says average menu item costs 40% more than in 2019
A sign is posted in front of a McDonald’s restaurant in San Leandro, California, Feb. 6, 2024. Justin Sullivan | Getty Images A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an open letter Wednesday that the average price […]
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Salesforce shares plunge 16% on revenue miss, weak forecast
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares plummeted 16% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. Here’s how […]
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American Eagle profit soars, but stock sinks as sales grow slower than expected
An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. Stephanie Keith | Bloomberg | Getty Images American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak […]
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Bitcoin drops to $67,000 stage, and Gemini returns far more than $2 billion to customers: CNBC Crypto Earth
ShareShare Article by way of FbShare Article through TwitterShare Short article via LinkedInShare Post by way of Email CNBC Crypto World capabilities the latest information and day-to-day investing updates from the electronic currency markets and gives viewers with a glimpse at what’s forward with superior-profile interviews, explainers, and exclusive tales from the ever-modifying crypto marketplace. […]
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