Business
Marvell CEO tells Jim Cramer: We’re doing much better than our stock price suggests
Marvell’s Matt Murphy suggests Wall Street has recently misjudged both the Club holding’s present performance and future prospects. Source
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Stocks making the biggest moves after hours: H.B. Fuller, KB Home, Lennar and more
Residential single family homes construction by KB Home Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Check out the companies making headlines after hours. KB Home — Shares dipped 21% in extended trading after the homebuilder […]
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GM to close reservations for electric Hummer pickup, SUV after topping 90,000
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors will close reservations for its electric […]
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Twitch announces ban on unlicensed gambling livestreams after backlash
Twitch logo displayed on a laptop screen and a gamepad are seen in this illustration photo taken in Krakow, Poland on August 23, 2022. Jakub Porzycki | Nurphoto | Getty Images Twitch said it is planning to ban the streaming of certain crypto gambling websites in an effort to protect users from potential harm. The […]
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GOP attorneys general call on credit card companies to drop plans for gun store code
Fire arms are seen at the Bobâs Little Sport Gun Shop in the town of Glassboro, New Jersey, United States on May 26, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Two dozen Republican attorneys general are urging Visa, MasterCard, and American Express to drop their plans to adopt a new merchant category code for gun retailers, […]
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Retailers have a serious inventory problem. Here are the stocks most at risk, according to UBS
UBS said the inventory problem at retailers is worse than investors are expecting and identified some stocks that will be hardest hit. “[We] analyzed industry inventory levels now that Softlines earnings season is essentially over,” analyst Jay Sole wrote in a note Wednesday, referring to retailers that specialize in soft goods, such as clothing, footwear […]
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‘Venom’ actor Tom Hardy is now a champion fighter after surprise entry at a UK Brazilian Jiu-Jitsu competition
Tom Hardy isn’t just an action star on the big screen: he can throw down in real life, too. The 45-year-old actor made a surprise appearance at the 2022 Brazilian Jiu-Jitsu Open Championship in Milton Keynes, England over the weekend and ultimately walked away with a the top prize, The Guardian reports. The “Venom” and […]
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Benchmark bond yields are ‘bad news’ for investors as the Fed hikes rates by 0.75%. What it means for your portfolio
Morsa Images | E+ | Getty Images As investors digest another 0.75 percentage point interest rate hike by the Federal Reserve, government bonds may be signaling distress in the markets. Ahead of news from the Fed, the policy-sensitive 2-year Treasury yield climbed to 4.006% on Wednesday, the highest level since October 2007, and the benchmark […]
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Elon Musk says ‘patents are for the weak’ as he talks Starship rocket, tours SpaceX Starbase with Jay Leno
The list of things that interest Elon Musk ranges from space travel to easing Los Angeles’ infamous traffic. One thing that doesn’t make the cut? Patents. The 51-year-old entrepreneur recently appeared on CNBC’s “Jay Leno’s Garage” to give the former “Tonight Show” host a tour around the SpaceX Starbase facility in Texas. During the tour, […]
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Patagonia’s bold move to donate the entire company to fight climate change only works if it stays competitive in business, CEO says
A Patagonia store signage is seen on Greene Street on September 14, 2022 in New York City. Yvon Chouinard, founder of Patagonia, his spouse and two adult children announced that they will be giving away the ownership of their company which is worth about $3 billion. The company’s privately held stock will be now be […]
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