Month: September 2024
Stocks making the biggest moves midday: Cleanspark, Vaxcyte, Unity Software and more
Check out the companies making headlines in midday trading. Cleanspark – The crypto miner’s stock plunged more than 13%. Cleanspark released its mining update for August, which showed that it mined 478 bitcoins last month. That marks a drop from 494 in July and 659 in August last year . Vaxcyte – Shares were recently […]
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European markets close lower as sentiment turns wary; Stoxx 600 down 1%
Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — European stocks closed lower Tuesday, continuing a lackluster start to September trading. The pan-European Stoxx 600 index provisionally ended down 1%, with all major bourses and the majority […]
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Former VW chief goes on trial nine years after dieselgate
Former Volkswagen Chairman Martin Winterkorn appears for a trial on suspicion of fraud, making false statements and market manipulation, in Braunschweig, Germany September 3, 2024. Fabian Bimmer | Reuters Former Volkswagen Chief Executive Martin Winterkorn appeared in court on Tuesday on fraud charges over the so-called dieselgate scandal, nine years after the German carmaker was […]
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We’re taking a nearly 300% profit on a hot drug stock — adhering to an investing rule to live by
Shortly after the opening bell, we’ll be selling 10 shares of Eli Lilly at roughly $958 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 100 shares of LLY, decreasing its weighting to 2.85% from about 3.13%. Now that we are no longer restricted, we are selling some Eli Lilly shares. We downgraded Lilly […]
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Stocks making the biggest moves premarket: United States Steel, Unity Software, Boeing and more
Check out the companies making headlines before the bell. United States Steel — The industrial stock plunged 6% after Vice President Kamala Harris opposed the planned sale of United States Steel to Japan’s Nippon Steel. She made these statements during a Labor Day rally in front of union members in Pittsburgh, Pennsylvania, where she said […]
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Soaring sports team values create new pressure for owners on taxes, succession
A detail view of a NFL shield logo paint of the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium on August 24, 2024 in Houston, Texas. Ric Tapia | Getty Images Sport | Getty Images Sports team owners benefiting from soaring team values are also facing […]
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Volkswagen braces for showdown with unions after warning of possible German plant closures
The white and blue VW logo stands on the roof of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German automotive giant Volkswagen is bracing for a showdown with trade unions shortly after it said it cannot rule out shutting factories in its […]
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Mongolia was meant to arrest Russia’s President Putin last night. It didn’t, and now it’s in trouble
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin and Mongolia’s President Ukhnaagiin Khurelsukh walk past honour guards during an official welcoming ceremony in Ulaanbaatar on September 3, 2024. Sofia Sandurskaya | Afp | Getty Images There’s nothing remarkable about Russian President Vladimir Putin’s visit to Mongolia on Tuesday […]
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Tesla Cybertruck is in a category of its own for better or worse
A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit. Michael Wayland / CNBC DETROIT – Spaceship. Dream car. UFO. Dumpster. Cool. Stupid. Phenomenal. Abomination. Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of the vehicle in metropolitan Detroit. They were expressed by strangers, […]
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Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
Zilch CEO Phil Belamant. Zilch British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering. In a trading update, Zilch, which competes with the likes of Klarna and Block in the buy now, pay later space, […]
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