Month: May 2024
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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Supreme Court Justice Alito rejects calls to recuse from Trump, Jan. 6 cases
Supreme Court Justice Samuel Alito on Wednesday rejected Democratic lawmakers’ requests that he recuse himself from key cases related to former President Donald Trump and the Jan. 6, 2021, Capitol riot following reports that flags linked to Trump’s supporters were flown at his properties. Alito said in two letters to the lawmakers that he had […]
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Wells Fargo CEO talks up reasons to love the stock — plus, what’s behind the market drop
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market pressure : The major stock benchmarks were moving lower Wednesday, with the Dow getting the worst of it again. Adding pressure on equities, bond yields […]
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DOJ fees Chinese nationwide with functioning ‘world’s largest botnet’ that stole $5.9 billion in Covid aid money
The seal of the US Office of Justice in Washington, DC on March 21, 2024. Mandel Ngan | Afp | Getty Visuals A world-wide malware community responsible for the theft of $5.9 billion in Covid aid funds and tied to other crimes like baby exploitation and bomb threats has been shut down, Office of Justice […]
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