Month: August 2024
Bronfman’s Paramount bid could keep Shari Redstone involved at the company
Edgar Bronfman, Jr. Cameron Costa | CNBC Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium’s […]
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Markets are now wondering whether the Fed might cut by half a point in September
With Federal Reserve Chair Jerome Powell all but confirming that an interest rate cut is imminent, the market’s attention Friday quickly turned to when and by how much. Traders continued to price in a greater likelihood that the Fed will kick off what is expected to be a protracted easing campaign in September with a […]
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Workday stock gains as software provider widens 2027 margin target
Carl Eschenbach, Co-CEO Workday, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Workday shares soared as much as 14% on Friday, one day after the finance and human resources software maker issued fiscal second-quarter results that exceeded analyst estimates and announced […]
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As the Fed gears up for rate cuts, here’s what income investors need to do
With Federal Reserve rate cuts expected to begin in September, income investors may want to make sure their portfolio is in check. On Friday at the Fed’s annual retreat in Jackson Hole, Wyoming, Chair Jerome Powell said, “The time has come for policy to adjust.” However, he didn’t specify the exact timing and the magnitude […]
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The big mistake that can leave you ‘highly disappointed’ with your vacation, says travel agent for billionaires
Jaclyn Sienna India knows how the mega-rich like to vacation — she’s the founder of a Sienna Charles, a members-only travel agency that caters to wealthy clients who take million-dollar trips around the world. India’s clients include Wall Street titans, tech VIPs and Hollywood tycoons with high standards and endless resources. But even billionaires make a […]
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National Cheap Flight Day: Follow these 3 tips to find affordable airfare
With the peak summer travel season winding down, it’s time for National Cheap Flight Day. But don’t let the misleading name fool you into rushing to book your next trip. “There’s no specific day where flights are going to be at their cheapest,” Katy Nastro, a travel expert at Going, tells CNBC Make. “That’s just not […]
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Stocks making the biggest moves midday: Cava, Intuit, Ross Stores, Workday and more
Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of […]
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Microsoft plans September cybersecurity event to discuss changes after CrowdStrike outage
A Delta technician works on a set of screens displaying a blue page and reading “Recovery” in Terminal 2, Delta Airlines, at Los Angeles airport, on July 19, 2024. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major computer systems outage linked to an update on an antivirus program. […]
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U.S. will again offer free at-home Covid tests starting in late September
Images By Tang Ming Tung | DigitalVision | Getty Images The Biden administration on Friday said it will resume offering free at-home Covid-19 tests to American households in late September as the virus has gained a stronger foothold in the U.S. this summer. Americans will soon be able to use COVIDtests.gov to request four free […]
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Bank of England’s Bailey: ‘More restrictive policy’ could still be needed due to labor market shocks
Andrew Bailey, governor of the Bank of England, waits to deliver a lecture at the London School of Economics in London, UK, on Tuesday, May 21, 2024. Bloomberg | Bloomberg | Getty Images Bank of England Governor Andrew Bailey will hail the progress made in dampening inflation in the U.K. in a Friday speech, but […]
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