Month: August 2024
Stephen Curry signs $62.6 million, one-year contract extension with Warriors
Steph Curry Jonathan Bachman | Getty Images NBA superstar Stephen Curry has agreed to sign a one-year, $62.6 million extension with the Golden State Warriors, his agent confirmed to CNBC. The extension keeps Curry in a Warriors uniform through the 2026-2027 season, and will make him the first NBA player to make $60 million in […]
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Intel CEO Gelsinger says he respects ‘skepticism’ from investors as chipmaker’s struggles persist
Pat Gelsinger, chief executive officer of Intel Corp., holds a wafer as he speaks at the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel CEO Pat Gelsinger said on Thursday that it’s been a “difficult few weeks” since the chipmaker’s disastrous earnings report and the […]
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Affirm shares surge 34% and head for best day in three years after earnings beat
Drew Angerer / Getty Images Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the third-biggest rally for the […]
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Trump aide ‘pushed’ Arlington cemetery employee who tried to enforce rules, Army says
Republican presidential nominee, former U.S. President Donald Trump lays a wreath alongside Marine Cpl. Kelsee Lainhart (Ret.) and and U.S. Marine Corps. Sergeant Tyler Vargas-Andrews (Ret.) who were injured at the Abbey Gate Bombing, during a wreath-laying ceremony at the Tomb of the Unknown Soldier at Arlington National Cemetery on August 26, 2024 in Arlington, […]
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Spain will pay digital nomads and remote workers in tech up to $17,000 to move to a rural region: Here’s what to know
If you’re a digital nomad or remote worker in the tech industry looking for a change of scenery, maybe Spain is the place for you. This month, the local government of Extremadura, Spain, announced it was offering up to €15,000 or $16,703 to move to the area for at least two years. The autonomous community […]
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Stocks making the biggest moves midday: Dollar General, Affirm, Best Buy and more
Check out the companies making headlines in midday trading. Dollar General – The discount retailer’s shares tumbled nearly 30% after the company slashed its sales and profit guidance for the full year. Dollar General CEO Todd Vasos said the softer sales trends are partially attributable to a core customer who feels “financially constrained.” The retailer […]
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CNBC’s Inside India newsletter: A tale of tier 2 cities
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. Maremagnum | Corbis Documentary | Getty Images The big story India’s economic map is being redrawn. While […]
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The one thing concerning Wall Street about Nvidia amid their glowing post-earnings analysis
There’s one figure in Nvidia ‘s earnings report that has some analysts worried: gross margins. The chipmaker fell 3% on Thursday even after topping Wall Street’s fiscal second-quarter estimates and issuing stronger-than-expected current-quarter guidance. Many analysts attributed the post-print move to a subpar forecast that failed to please elevated investor expectations , and a decline […]
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GM folding its all-electric BrightDrop vans into Chevrolet brand
Brightdrop EV600 van Source: Brightdrop DETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles. The change is expected to expand the selling and service points from a handful of dealers to Chevrolet’s large network of North American […]
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Gap shares halted after apparent early earnings release
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty Images Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported […]
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