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Stocks making the biggest moves premarket: eBay, Norwegian Cruise Line, Coinbase & more
Check out the companies making the biggest moves premarket: eBay — Shares of the online marketplace jumped nearly 9% after GameStop made an unsolicited, non-binding offer Sunday to buy eBay for roughly $55.5 billion. GameStop CEO Ryan Cohen said the merger would be a way to create a strong competitor to Amazon . GameStop fell […]
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Watch CNBC’s full interview with GameStop CEO Ryan Cohen
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email GameStop CEO Ryan Cohen joins ‘Squawk Box’ to discuss details of the company’s offer to buy eBay for $56 billion, the rationale behind the offer, how the combined company would rival Amazon, and more. Source
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The nuclear option: Atomic energy could offer Europe hope, say analysts — but it won’t be easy
Hefty upfront costs, issues disposing of radiation and waste, and memories of terrible accidents have all contributed to Europe’s reluctance to embrace nuclear energy in recent decades. But the effective closure of the Strait of Hormuz amid the U.S.-Iran war has exposed the continent’s vulnerability to disrupted energy imports – and nuclear may offer Europe […]
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Meme stock GameStop makes $56 billion bid for eBay in bid to rival Amazon
A sign is posted in front of the eBay headquarters in San Jose, California. Justin Sullivan | Getty Images U.S. video game retailer GameStop announced Sunday it has made an unsolicited, non-binding offer to acquire eBay for $125 per share in a cash-and-stock deal, valuing the e-commerce platform at roughly $55.5 billion. The offer, split […]
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Big Tech earnings show how big, smart spending can be rewarded by the market
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was […]
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The S&P 500 and Nasdaq kept their record rallies going. Here are 3 key takeaways
Yet another record week for stocks. Strong first-quarter earnings and a war-driven spike in oil made for another historic week on Wall Street. Investors also made sense of a spate of economic data and the Federal Reserve’s latest interest rate decision. The S & P 500 and Nasdaq Composite gained 0.9% and 1.1%, respectively, over […]
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The market isn’t grading all Big Tech earnings the same — here’s why
In this Club Check-in, CNBC Investing Club’s Paulina Likos and Zev Fima break down what really matters for investors after a flurry of earnings reports that highlighted both strong demand for artificial intelligence infrastructure and a continued surge in spending. The AI trade faced a major test this week as several of the key hyperscalers […]
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Roku is one of the big earnings winners of the day. Two major analysts see more to go
Roku rallied as much as 9% Friday following its first-quarter earnings report on Thursday, and the provider of streamed entertainment still has more room to run, according to leading analysts on Wall Street. Roku continues to strengthen its businesses and is benefiting from broader industry tailwinds, they said. Morgan Stanley reiterated its overweight rating on […]
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Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast
American multinational skin care and beauty products brand Estée Lauder’s logo is seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Estee Lauder on Friday raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broad restructuring plan, sending its shares up […]
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Apple earnings, DHS shutdown, ‘Ozempic breath’ and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. My colleagues and I will be covering Berkshire Hathaway‘s annual meeting tomorrow — its first without Warren Buffett as CEO. You can follow along with our special coverage on TV and online. S&P 500 futures are little changed this morning […]
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