Month: August 2024
Pressure mounting on Warner Bros. Discovery CEO David Zaslav to deliver value for shareholders
David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. Mike Blake | Reuters Warner Bros. Discovery CEO David Zaslav needs a win. Soon. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is […]
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Trump holds Mar-a-Lago news conference as Harris campaigns in key swing states
Republican presidential nominee Donald Trump is holding a news conference at Mar-a-Lago, as he tries to slow the momentum of his Democratic campaign rival, Vice President Kamala Harris. The presser at Trump’s Florida resort and residence comes as his campaign heaps pressure on Harris and her running mate, Minnesota Gov. Tim Walz, to take questions […]
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This tech stock may hold the key to the market — and it’s not Nvidia
A stock that’s done nothing since early February could be the key to the stock market’s fate. That stock is Meta Platforms (META) . Way back on February 2nd, META gapped to new all-time highs post earnings and continued making new highs for two more months. It then gapped lower in April (again after earnings), pivoted, […]
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Stocks making the biggest moves midday: Eli Lilly, Under Armour, Warner Bros. Discovery and more
Eli Lilly — The drug maker’s stock surged 8% after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Under Armour — Shares popped 19% after the athletic […]
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European markets close mixed after U.S. jobs data boosts sentiment
Tourists visiting the city take boat trips on the canals in Amsterdam, Netherlands on May 25, 2024. Anadolu | Anadolu | Getty Images LONDON — European stocks nudged just above the flatline in late trade Thursday, helped along by a revival in confidence around the U.S. economy. The pan-European Stoxx 600 index closed 0.02% higher […]
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Cryptocurrencies resume their rebound, bitcoin retakes $59,000
Omer Taha Cetin | Anadolu | Getty Images Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000. The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising above the $55,000 floor that has supported it for much of this year. […]
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CNBC’s Inside India newsletter: Could India be a hedge for a U.S. recession?
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. The big story A surprise interest rate hike from the Bank of Japan and the Federal Reserve’s […]
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Musk-Trump alliance: Why the onetime enemies are teaming up to win the White House
Tesla and SpaceX CEO Elon Musk listens to President Donald Trump during a meeting with business leaders in the State Dining Room of the White House in Washington, Feb. 3, 2017. Evan Vucci | AP NASHVILLE, Tenn. — Former President Donald Trump’s highly anticipated keynote address at the biggest bitcoin gathering of the year late […]
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Barclays scraps EU bonus cap for senior bankers
16 September 2023, USA, New York: The Barclays Bank logo, taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images Barclays has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo seen by Reuters showed on Thursday. The lender’s senior bankers will now be able […]
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Palantir jumps on Microsoft partnership to sell AI to U.S. defense, intel agencies
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares climbed about 6% on Thursday morning after the company announced a partnership […]
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