Month: June 2024
From dying mall brand to Wall Street winner: How Abercrombie & Fitch pulled off retail’s biggest comeback
Abercrombie & Fitch has transformed itself from a dying mall brand into a Wall Street darling after spending years revamping its product assortment, overhauling its supply chain and rebranding as an inclusive retailer. Shares of the apparel company have surged over the last year as it posted quarter after quarter of sales growth and profits […]
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Stocks making the biggest moves before the bell: Tesla, Broadcom, Dave & Buster’s and more
Check out the companies making headlines in premarket trading. Tesla — Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a resolution to move the company’s incorporation to Texas were both set to pass a shareholder vote. The former garnered criticism heading into the vote, with notable shareholders publicly sharing […]
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Britain’s Labour Party pledges ‘wealth creation’ as it targets landslide election victory
Labour Party leader Sir Keir Starmer speaks during the launch of Labour’s general election manifesto on June 13, 2024 in Manchester, United Kingdom. Labour is consistently leading the polls by over 20 points, according to the latest YouGov data. Anthony Devlin | Getty Images News | Getty Images LONDON — Britain’s left-leaning Labour Party, considered […]
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How Donald Trump’s criminal conviction boosted his campaign fundraising machine
Throughout his 2024 campaign, former President Donald Trump has managed to keep his political operation afloat by walking a delicate financial tightrope. The guilty verdict in a Manhattan hush money case added to a long list of legal challenges that have cost him more than $100 million in donor money to date. Campaign finance experts […]
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Tesla shareholder vote on Musk’s historic pay package won’t resolve ‘legal disputes’
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Tesla’s annual meeting on Thursday in Austin, Texas, will feature a final vote on a contentious proposal […]
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Tesla expects to increase Model 3 price ranges in Europe just after higher EU tariffs on China EVs
The new Tesla Product 3+ is on sale at a Tesla retail outlet in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty Illustrations or photos Tesla on Thursday said it will possible boost the Europe prices of its Model 3 vehicle from July 1 immediately after the European Union claimed it […]
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Here are 9 stocks that can benefit from Fed interest rate cuts
The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost. Connecting the […]
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Tesla pops 7% in premarket after Elon Musk says he is set for victory in $56 billion pay vote
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Shares of Tesla popped in premarket trading, after Elon Musk said shareholders are set to approve his controversial […]
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S&P 500 futures inch higher after index’s first-ever close above 5,400: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | Getty Images S&P 500 futures rose Thursday morning after the broad market index closed above 5,400 for the first time, following the Federal Reserve’s latest interest rate decision and a May consumer inflation […]
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Argentina’s Senate passes Milei’s economic reform bill as protesters clash with riot police
Aerial view of a fire during a protest outside the National Congress in Buenos Aires on June 12, 2024. Tomas Cuesta | Afp | Getty Images Argentina’s Senate narrowly passed President Javier Milei’s sweeping economic reform bill, delivering a tentative legislative victory to the right-wing leader even as protesters clashed with riot police. Lawmakers in […]
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