Day: December 12, 2024
Want to cash in on the emerging market boom? HSBC gives 2 of its top picks over 50% upside
A pick-up in consumer demand, improving economic growth and attractive stock market valuations have contributed to the popularity of emerging markets (EM) this year. HSBC is sticking to its “cautiously constructive” stance on them in 2025, as U.S. President-elect Donald Trump prepares to return to office in January. “There is no sugar coating that tariffs […]
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Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds
Flushing Bank in New York City. Google Earth Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned. The bank’s CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including […]
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Broadcom beats on profit, says AI revenue more than tripled this year
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker’s stock ticked higher in extended trading. Here’s how Broadcom did versus LSEG consensus estimates for the quarter ending Nov. 3: Earnings per share: $1.42, adjusted vs. $1.38 […]
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New Jersey drones don’t appear to pose national security or public safety threat, FBI says
Unidentified drone in New Jersey. Source: MSNBC The FBI and Department of Homeland Security said Thursday that they had seen “no evidence” that mysterious drone sightings over New Jersey and adjacent areas in recent weeks “pose a national security or public safety threat.” The agencies also said they had no evidence of a “foreign nexus” […]
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Costco beats on earnings as membership fee hike boosts revenue
A Costco Wholesale store in Connecticut. Lindsey Nicholsonp | Getty Images Costco on Thursday beat Wall Street’s quarterly earnings and sales estimates, as it got a boost in part from higher membership fees. Here is how the warehouse club did for the fiscal first quarter compared to what Wall Street expected, according to a survey […]
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U.S. charges 14 North Koreans in $88 million identity theft and extortion case
DPRK IT workers FBI wanted poster. Source: FBI The Department of Justice accused 14 North Korean nationals of conspiring to use false identities to get IT jobs with U.S. companies and siphon money back to their home country, in violation of U.S. sanctions. The indictment, filed Wednesday in Missouri federal court, alleged that the conspiracy […]
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Sports super agent Scott Boras says Juan Soto’s Mets contract wasn’t just about the money
Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life. On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It’s the largest deal in professional sports history. Soto will be the first player in the MLB to earn more than $50 […]
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Inflation reckoning coming in 2025? Investors continue to ignore recent stubborn readings
While stocks fell slightly on Thursday, investors are mostly ignoring recent reports showing inflation is still a very real problem. But Bank of America thinks they may be forced to in the new year as inflation gets even worse. “The potential policy changes on the horizon — higher tariffs, deficit-financed tax cuts, and tighter immigration […]
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Trump reaffirms crypto commitment at New York Stock Exchange visit: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Dennis Porter […]
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We want to boost our ownership of a portfolio stock that just boosted its dividend
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Thursday markets: Stocks are taking a breather after Wednesday’s big surge, especially in the Nasdaq Composite and the more narrow “Magnificent Seven” cohort. The yield on […]
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