Cenovus Energy Inc: “I like Cenovus. … I wish it gave you a bigger yield, but it’s got great assets.”
Cramer’s lightning round: Palantir is a sell
Business
Gap raises guidance ahead of holidays after storms, warm weather slowed sales
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better than expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales […]
Read More
Business
Crypto investor pays $6 million for a banana — and plans to eat it
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Crypto investor Justin Sun paid $6.2 million for a banana duct-taped to a wall, highlighting the soaring values of crypto and viral art. […]
Read More
Business
SailGP signs Rolex as first title partner of global sailing competition
SailGP signs Rolex as first title partner of global sailing competition Courtesy: SailGP The self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition. SailGP, which kicks off the 2025 season in Dubai on Saturday, will now be known as the “Rolex SailGP Championship.” “Leading into […]
Read More