Month: July 2024
IBM shares jump on earnings and revenue beat
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images IBM shares rose 5% in extended trading on Wednesday, after the company reported second-quarter results that surpassed analysts’ predictions. Here are the key […]
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NBA says Amazon will be its new media partner, rebuffing Warner Bros. Discovery attempt to match deal
Luka Doncic #77 of the Dallas Mavericks shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston. Nathaniel S. Butler | National Basketball Association | Getty Images The National Basketball Association has told Warner Bros. Discovery it doesn’t intend to […]
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Kamala Harris’ tech allies on track to raise over $100 million as they work to win over Silicon Valley skeptics
Vice President Kamala Harris’ allies in the tech community have launched a behind-the-scenes lobbying campaign to convince wealthy donors to back her campaign for president, according to people familiar with the matter. Longtime investors Reid Hoffman and Ron Conway have been among Harris’ allies in Silicon Valley privately calling on those in their networks to […]
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Chipotle shares pop more than 10% as earnings and revenue top estimates, restaurant traffic rises again
A Chipotle restaurant in New York on July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose more than 10% in extended trading. Here’s […]
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Fox News invites Harris and Trump to debate in September
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. Brendan Mcdermid | Elizabeth Frantz | Reuters Fox News has invited Vice President Kamala Harris and former President Donald Trump to debate each other in Pennsylvania on Sept. 17, according to copies of the letters obtained by CNBC. The invitation comes […]
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$1 million hypothetical portfolios: How kids from wealthy families at an elite Swiss school learn about money
Institut auf dem Rosenberg, a private boarding school in St. Gallen, Switzerland. Courtesy: Institut auf dem Rosenberg With a sticker price of more than $160,000 a year, Institut auf dem Rosenberg in St. Gallen, Switzerland, may be one of the most expensive boarding schools in the world. So, it’s only fitting that students learn about […]
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Job seekers are sour on the cooling labor market
Key Points Job seekers are feeling less confident about their ability to land a new gig. The labor market has cooled from a red-hot pace in 2021 and 2022. The unemployment rate has increased and businesses aren’t hiring as readily. While data suggest the labor market remains strong, further cooling could be troublesome, economists said. […]
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2024 is shaping up to be another tough year for IPOs. What it’s going to take to turn it around
This week will mark the biggest week for initial public offerings all year. Unfortunately, it may not be enough to get the IPO market out of its funk. Financial services firm OneStream priced its IPO on Tuesday night at $20, above the price talk of $17 to $19. Its shares opened Wednesday at $26. That’s […]
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This energy giant could soon see a breakout to fresh all-time highs, according to the charts
Like many energy names, Exxon Mobil (XOM) hasn’t done much since April, but the stock has been fighting back in recent weeks and it could be getting ready to make new highs. First, let’s recognize how significant Exxon Mobil is — despite the S & P 500 being dominated by huge growth names. XOM has a […]
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AMC warns of second-quarter earnings ‘weakness,’ with revenue and profit down
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%. The company blamed last year’s actors and writers […]
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