Month: July 2024
WNBA hopes to cash in on rising popularity with media rights reevaluation after 2028 season
Connecticut Sun forward Brionna Jones (left) and Los Angeles Sparks forward Cameron Brink (22) fight for ball possession during a WNBA game between the Sparks and the Sun on June 18, 2024, at Mohegan Sun Arena in Uncasville, CT. Anthony Nesmith | Icon Sportswire | Getty Images The WNBA’s new media rights deal includes a […]
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Nvidia could be on the verge of a massive technical sell-off, chart analyst warns
Nvidia ‘s slump is hitting some technical milestones that suggest the stock could continue to slide, according to Raymond James. Shares of the dominant maker of chips used in artificial intelligence are down about 8% in July. Raymond James chart analyst Javed Mirza said in a July 25 note to clients that Nvidia has triggered […]
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FAA approves SpaceX to resume Falcon 9 rocket launches after two-week hiatus
A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California. SpaceX The Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk’s company planning to launch its next mission carrying satellites as soon as […]
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Dexcom shares plunge more than 40%, head for worst day on record
Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out about $18 billion in market cap. Prior to Friday, the biggest drop […]
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Stocks making the biggest moves midday: 3M, Dexcom, Sweetgreen, Texas Roadhouse and more
Check out the companies making headlines in midday trading: 3M — The stock skyrocketed more than 18% to hit a 52-week high after the maker of office supplies and adhesives reported stronger-than-expected quarterly results. 3M posted second-quarter adjusted earnings of $1.93 per share, exceeding an LSEG estimate of $1.68 per share. Its revenue also came […]
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Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC Warner Bros. Discovery sued the National Basketball Association on Friday as it tries to maintain broadcast rights for a package of live games. “Given the NBA’s unjustified rejection of our matching of a third-party […]
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UK Finance Minister Rachel Reeves pledges most ‘pro-growth, pro-business’ government the country has seen
Chancellor Rachel Reeves gives a speech at the Treasury on July 8, 2024 in London, England. Pool | Getty Images News | Getty Images LONDON — U.K. Finance Minister Rachel Reeves said Friday that the new Labour government would be the most pro-growth and pro-business the country has seen. Reeves told CNBC that it was […]
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‘Deadpool & Wolverine’ snares $38.5 million in Thursday previews, on pace for record opening
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney Disney and Marvel’s “Deadpool & Wolverine” has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an R-rated film. The latest entrant in the Marvel Cinematic Universe is […]
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Cryptocurrencies rebound with risk assets, but ether still lower for the week
Crypto prices rose on Friday following two down days in which investors rotated out of risk assets. Bitcoin was last higher by 4.5% at $67,720.83, according to Coin Metrics, and ether advanced 4% to $3,248.25. In equities, the tech-heavy Nasdaq Composite and the broad-market S&P 500 — which suffered their worst single trading day since […]
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An ugly earnings report from a competitor is good news for Abbott Labs
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Stocks jumped Friday as Wall Street tried to end a turbulent week on a jubilant note. The Dow Jones Industrial Average added more more than 600 points, or 1.6%. The […]
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