Day: August 21, 2024
Former FTX exec Ryan Salame seeks to void guilty plea, says feds reneged on deal to end probe of his partner
Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, US, on Tuesday, May 28, 2024. Yuki Iwamura | Bloomberg | Getty Images Ryan Salame, a former top lieutenant at FTX under founder Sam Bankman-Fried, asked a judge to void the deal he reached with the government and his […]
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Fund manager says it’s time to invest in ‘defensive growth’ — and names 4 stocks
Investors should be positioned “more defensively” in their portfolios right now, partly because of how expensive markets are, said portfolio manager Brian Arcese. Shares are still expensive despite market volatility and stocks diving in the past few weeks, said Arcese, who works at Foord Asset Management. Arcese, who is also an equity analyst at the […]
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Strong Tesla Megapack sales will boost this renewable stock, BofA says — giving it over 50% upside
Grenergy , a Spain-listed renewable energy company, is a promising investment opportunity in the rapidly expanding energy storage sector, according to Bank of America. The Wall Street bank said it believes the company’s focus on utility-scale battery projects will see it benefit from the growing demand for grid-scale energy storage, a trend underscored by Tesla […]
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India walks a diplomatic tightrope, making friends with Ukraine while ally Russia watches on
Russian President Vladimir Putin speaking to Indian Prime Minister Narendra Modi during their meeting at Taj Exotic Hotel on October, 15, 2016 in Benaulim, Goa, India. Mikhail Svetlov | Getty Images News | Getty Images Indian Prime Minister Narendra Modi’s visit to Ukraine on Friday is likely to be closely watched by New Delhi’s long-standing […]
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Microsoft revamps reporting structure to give better visibility into cloud consumption revenue
Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the “Microsoft Build: AI Day” event in Bangkok, Thailand, May 1, 2024. Chalinee Thirasupa | Reuters Microsoft on Wednesday updated quarterly revenue guidance for its three business segments in a shift that stands to give investors better visibility into the software maker’s growing cloud […]
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Watch DNC Live: Tim Walz, Bill Clinton, Nancy Pelosi are Day 3 headliners
[The stream is slated to start at 6:30 p.m. E.T. Please refresh the page if you do not see a player above at that time.] Minnesota Gov. Tim Walz, Vice President Kamala Harris’ running mate, will take center stage at the Democratic National Convention on Wednesday evening to deliver his pitch to voters, some of […]
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RFK Jr. plans to end presidential campaign, will endorse Trump over Harris
Independent presidential candidate Robert F. Kennedy Jr., looks on during a campaign event to announce his pick for running mate at the Henry J. Kaiser Event Center on March 26, 2024 in Oakland, California. Justin Sullivan | Getty Images Robert F. Kennedy Jr. plans to drop out of the presidential race on Friday and endorse […]
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Stocks making the biggest moves after hours: Snowflake, Zoom Video, Urban Outfitters and more
Check out the companies making headlines in after-hours trading. Snowflake — Shares tumbled nearly 7% even after the software company beat quarterly expectations and slightly raised its full-year product revenue guidance. Snowflake reported fiscal second-quarter adjusted earnings of 18 cents per share, higher than the 16 cents per share expected by analysts surveyed by LSEG. […]
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Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a “pig butchering” scheme that appealed to his greed, federal prosecutors said. The massive embezzlement by […]
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Harris allies make a pitch to CEOs that she would be good for business
CHICAGO — Vice President Kamala Harris’ allies in the business community are privately making a pitch to CEOs about why they should back her over former President Donald Trump, according to people familiar with the matter. At private parties and meetings during the Democratic National Convention, corporate executives close to Harris told CNBC they are delivering […]
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