Business
Cramer’s lightning round: I’m sticking with Nvidia
Nvidia Corp: “I know it’s overvalued right now. … I think a year from now, the stock’s going to be higher, and I’m sticking with Nvidia.” GoPro Inc: “I said sell that stock. … $95, never looked back.” Home Depot Inc: “I think that the Fed is directly targeting renovation and building of homes. … […]
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Jeff Bezos is interested in bidding for the NFL’s Washington Commanders, reports say
Amazon founder Jeff Bezos and commissioner Roger Goodell on the sidelines before the start of an NFL football game between the Los Angeles Chargers and Kansas City Chiefs, Thursday, Sep.15, 2022, in Kansas City, Mo. Logan Bowles | AP Jeff Bezos is interested in bidding for the NFL’s Washington Commanders, multiple news outlets reported Thursday. […]
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Jim Cramer says to parse the Dow for recession-resilient stocks
CNBC’s Jim Cramer on Thursday advised investors on where to look for stocks that can withstand a potential economic downturn. “The Dow Jones Industrial Average is filled with relatively cheap stocks because traders assume these 30 old-line companies are the most vulnerable to a recession. But that’s not true: That’s wrong. The Dow components all […]
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Virgin Galactic CEO outlines remaining steps before commercial spaceflight service begins next year
Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Virgin Galactic on Thursday reported a wider third-quarter loss from a year ago, with CEO Michael Colglazier outlining the remaining steps before the space tourism company aims to launch its long-delayed service next year. “As we […]
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Carvana tumbles after posting declines in nearly every aspect of the car reseller’s business
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana fell in extended trading Thursday after the online used car retailer missed Wall Street’s top- and bottom-line expectations for the third quarter and reported declines in revenue, profit and sales compared with a year earlier. The stock fell by more than 7% during after-hours […]
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Trump Media deal partner DWAC adjourns shareholder meeting for sixth time as it seeks votes to delay merger
The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Digital World Acquisition Corp., the shell company set to take Trump Media and Technology Group and its Truth Social platform public, adjourned a shareholder vote on the planned merger […]
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Starbucks earnings beat expectations as consumers spend more in its U.S. stores
The ornate art decor of the Starbucks coffee chain in Xujiahui district attracts customers’ attention in Shanghai, China, May 12, 2021. Costfoto | Barcroft Media | Getty Images Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by U.S. customers spending more on their orders. Shares rose 2.3% in after-hours trading […]
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Toho plans to release a new Japanese Godzilla film next year as the monster’s audience grows
A real-scale head of Godzilla is displayed at the balcony of the commercial complex as a new Tokyo landmark during its unveiling at Kabukicho shopping and amusement district in Tokyo April 9, 2015. Issei Kato | Reuters The King of the Monsters still reigns in Japan — and most other places. Godzilla’s grasp on fans […]
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Jeep-maker Stellantis expects raw material inflation to ease next year
Engines undergo a final inspection at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Automaker Stellantis expects inflation costs on raw materials to subside next year following significant increases during the coronavirus pandemic, CFO Richard Palmer told investors Thursday. The spiking costs of critical raw materials […]
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Inflation to dampen holiday spending, retail trade group forecasts
Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Getting shoppers to spend this holiday season won’t be easy. The National Retail Federation said Thursday that it expects holiday sales during November and December to rise between 6% and 8% from […]
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