Month: October 2024
Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million
Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty Images Private equity billionaire Tom Gores has agreed to pay $750 million to buy 27% of the National Football League’s Los Angeles Chargers at […]
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Watch out. Analysts have been cutting earnings estimates on these stocks reporting next week
Investors should keep an eye on companies that could disappoint on earnings and see their share price fall. Wall Street has been lowering its third-quarter growth estimates for months now. According to a recent FactSet note, companies in the S & P 500 are projected to see a 4.2% increase in earnings compared with the […]
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Stocks making the biggest moves midday: United Airlines, Morgan Stanley, ASML, Prologis and more
Check out the companies making headlines in midday trading: Novavax — Shares plunged more than 17% after the biotech company said the U.S. Food and Drug Administration put a clinical hold on its application for a Covid and influenza combination shot as well as a stand-alone flu vaccine. United Airlines — The stock soared 11% […]
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TNT Sports to air new women’s basketball league Unrivaled
Napheesa Collier, #24 of the Minnesota Lynx, scores the game-winning basket during the game against the New York Liberty in Game 1 of the 2024 WNBA Finals at Barclays Center in Brooklyn, New York, on Oct. 10, 2024. Nathaniel S. Butler | National Basketball Association | Getty Images Warner Bros. Discovery is ensuring pro basketball […]
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U.S. crude oil falls below $71 per barrel, continuing sell-off
U.S. crude futures edged lower Wednesday to trade below $71 per barrel, after selling off steeply in the previous session on reports that Israel will not attack Iran’s oil facilities. The U.S. benchmark tumbled more than 4% on Tuesday after Israel told the U.S. that it will limit its retaliatory strikes to military targets in […]
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Forget tech and utilities. There’s about to be a new best sector for 2024
Bank stocks are making a late push to be the best buy of the year for equity investors. The financial sector has outperformed in recent weeks and is now firmly one of the best-performing groups. The Financial Select Sector SPDR Fund (XLF) rose again on Wednesday and is now up 26% year to date. That […]
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Bitcoin hits highest level since July, boosting other coins and crypto-related stocks
Avishek Das | Lightrocket | Getty Images The price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector. Bitcoin is up more than 9% over the last week and ether is up about 7%. Other popular coins have also rallied, with solana up close […]
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Airbnb CEO Brian Chesky: ‘New phase’ of growth will see company launching new businesses each year
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Chesky, Airbnb co-founder and CEO, joins CNBC’s Money Movers’ to discuss the company’s new guest and host features, his growth outlook as the company broadens, and more. 04:49 Wed, Oct 16 202412:23 PM EDT Source
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Embattled Abbott Labs comes through with a strong quarter, buyback announcement
Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose more than 1%, shaking off an initially subdued reaction. Revenue in the three months ended Sept. 30 rose 4.9% to $10.64 billion, topping estimates of $10.55 billion, according to data provider LSEG. […]
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GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
General Motors Chair and CEO Mary Barra is shown on screen via livestream as she introduces her digitally delivered keynote address at CES 2022 at The Venetian Las Vegas on January 5, 2022 in Las Vegas, Nevada. Ethan Miller | Getty Images DETROIT — General Motors has agreed to establish a joint venture with Lithium […]
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