Business
Cramer’s lightning round: Don’t sell Marvell Technology
OptimizeRx Corp: “There’s not enough there at that company. … Can’t go there.” SoFi Technologies Inc: “Here’s the problem. This thing was built as a way to be able to help on student loans, and when you get rid of your major product … it’s very hard to recommend the stock.” Marvell Technology Inc: “That […]
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Old Navy CEO to exit as parent company Gap cuts sales guidance
An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. announced Thursday that the CEO of its Old Navy division, Nancy Green, is leaving her post this week. Gap Chief Executive Sonia Syngal will work closely with the […]
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These 12 manufacturers can help investors capitalize on the U.S. ‘industrial renaissance,’ Cramer says
CNBC’s Jim Cramer on Thursday named 12 American manufacturers investors should keep an eye on to take advantage of what he calls the country’s “industrial renaissance.” “The United States has been reclaiming its industrial preeminence in sector after sector after sector. It just was obscured by Wall Street’s now-defunct love affair with high-growth tech stocks. […]
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Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked
A view of the Walt Disney World theme park entrance on July 11, 2020 in Lake Buena Vista, Florida. Octavio Jones | Getty Images A repeal of Disney’s self-government status in Florida could leave local taxpayers with more than $1 billion in bond debt, according to tax officials and legislators. The Florida House of Representatives on […]
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Carl Icahn calls out Wall Street ‘hypocrisy’ over ESG investing in letter to McDonald’s shareholders
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn released his letter to McDonald’s shareholders on Thursday, calling out compensation among the company’s top ranks and Wall Street firms for their ESG investing policies. It’s the latest development in Icahn’s animal-welfare battle with the […]
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Starbucks’ union battle is getting aggressive and expensive, and Wall Street is backing away
Members react during Starbucks union vote in Buffalo, New York, U.S., December 9, 2021. Lindsay DeDario | Reuters When Starbucks announced Howard Schultz would return to the company as interim CEO, investors cheered. His first tenure as chief executive turned the company into a global brand and his second, years later, revived both the business […]
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Florida Republicans vote to dissolve Disney’s special district, eliminating privileges and setting up a legal battle
Florida Gov. Ron DeSantis has his guns pointed at Disney World. On Thursday, the Florida state legislature passed a bill seeking to dissolve a special district that allows the Walt Disney Company to act as its own government within the outer limits of Orange and Osceola counties. The bill passed the state Senate Wednesday with […]
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It’s time to buy these e-commerce stocks after the sell-off, Morgan Stanley says
The e-commerce industry has strong growth prospects, according to Morgan Stanley. Source
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Lululemon is shooting for the moon, but Wall Street isn’t convinced it can get there
A woman jogs past a Lululemon retail store. Bloomberg | Getty Images Lululemon is setting lofty goals for growth in the next five years and laying out for analysts exactly how it plans to get there. But not everyone on Wall Street is sold. Lululemon shares shed 4.8% on Wednesday after the leggings maker announced […]
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Stocks making the biggest moves midday: United Airlines, AT&T, Tesla and more
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading Thursday. United Airlines – Shares of the airline surged 10.5% after […]
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