Qualcomm Inc: “It was painful to do, but I had to cut it back [for the Charitable Trust.]”
Cisco Systems Inc: “I’m going to hold onto it for the Charitable Trust.”
Disclaimer: Cramer’s Charitable Trust owns shares of Qualcomm and Cisco.
Cramer’s lightning round: I’m sticking by Intuitive Surgical
Business
Family office deal-making slides with some bright spots in Europe
Key Points Private investment firms of the ultra-rich made 60% fewer direct investments in July compared to the same period last year, according to Fintrx. Rattled by tariff uncertainty, some family offices have been investing more overseas, especially in European startups. Infinitas Capital’s Robin Lauber told CNBC why the Swiss family office is optimistic despite […]
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Business
Flutter tops second-quarter earnings expectations, raises full-year guidance
Online sports betting giant Flutter reported second-quarter earnings that beat Wall Street expectations Thursday. The company reported adjusted earnings of $2.95 per share versus an estimated $2.08, according to a survey of analysts by LSEG. Revenue came in slightly higher than expectations at $4.19 billion against consensus expectations of $4.13 billion. Flutter owns the dominant […]
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Business
Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 6% in early trading. The connected […]
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