Business
Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says
Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO Paul Griffiths said. Karim Sahib | AFP | Getty Images Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO Paul Griffiths said. “We recorded […]
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Disney did not give us everything this quarter, but parks and streaming really delivered
It wasn’t a perfect quarter, but we’re pleased to see theme park operating income and Disney+ subscriber additions beat expectations. Source
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Stock market’s dismal performance is ‘part of the fight against inflation,’ Jim Cramer says
CNBC’s Jim Cramer said Wednesday that while the hot consumer price index suggests the Federal Reserve is losing in its struggle against inflation, the dismal performance of stocks, particularly in the Russell 1000, offers a different view. “When I talk about the Fed winning or losing the fight against inflation, I mean the fight to […]
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Cramer’s lightning round: I like Blackstone over KKR
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Unity CEO says ‘we expect to be profitable’ in Q4 after rough quarter
Unity Software expects slower growth in the second and fourth quarters while rebuilding its data but expects to be profitable at the end of the year, chief executive John Riccitiello told CNBC’s Jim Cramer on Wednesday. “We brought our guidance down, and what that’s about is [a] self-inflicted wound. We did some things on the […]
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Roblox CEO says April bookings are starting to turn around after a difficult March
Roblox CEO David Baszucki told CNBC on Wednesday that the company is seeing its bookings recover in April after the company said earlier this week that they declined 3% in the March quarter. Bookings are how the company describes sales of its virtual currency, Robux, which players use to buy digital items such as avatars […]
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Lordstown Motors closes $230 million deal to sell its Ohio factory to Foxconn, injecting needed cash days before deadline
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors said Wednesday it has closed a $230 million deal to sell its Ohio factory to Taiwanese contract manufacturer Hon […]
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Beyond Meat shares tumble after jerky launch leads to wider-than-expected loss
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily on margins. Shares of […]
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Wells Fargo double downgrades Ford and GM, says 2022 could be ‘peak profits’ for legacy automakers
Wells Fargo moved its rating to underweight for the two automakers, citing rising costs for electric vehicles. Source
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Cushman & Wakefield appeals subpoenas order in Trump Organization probe by New York attorney general
The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. Shannon Stapleton | Reuters Commercial real-estate services giant Cushman & Wakefield on Wednesday appealed a judge’s order that it comply with subpoenas issued by the New York attorney general’s office seeking documents related to […]
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