business news
Jim Cramer expects the June market lows to hold and mark the bottom
CNBC’s Jim Cramer said Wednesday he believes the bear market bottom is in, suggesting Wall Street’s June lows will prove to be durable floor for stocks. The S&P 500’s closing low this year came on June 16 at 3,666.77, at which point the broad U.S. stock index was down roughly 24% from its all-time highs. […]
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More than two years after his rape conviction, Harvey Weinstein is granted an appeal
Harvey Weinstein walks away from the court room with his lawyer Benjamin Brafman at the New York State Supreme Court on October 11, 2018 in New York City. Stephanie Keith | Getty Images Once powerful Hollywood mogul Harvey Weinstein was granted an appeal Wednesday, more than two years after he was convicted of third-degree rape […]
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Amazon is shutting down its telehealth service, Amazon Care
Amazon is shutting down its telehealth service, Amazon Care, marking a major retreat by the retail behemoth in its efforts to break into the health care space. Amazon will shutter the service after December 31, Amazon Health Services lead Neil Lindsay announced Wednesday in a company email. The company decided to end Amazon Care after […]
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Nvidia claims gaming market conditions are ‘challenging,’ Q3 forecast misses
Jen-Hsun Huang, president and main government officer of Nvidia Corp., speaks for the duration of the company’s occasion at Cell Planet Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Visuals Nvidia documented second quarter earnings that missed Wall Street anticipations for earnings and earnings for each share. […]
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Federal ‘ghost gun’ regulations go into effect after judges reject challenges
AR-15 style rifles are displayed for sale at Firearms Unknown, a gun store in Oceanside, California, U.S., April 12, 2021. Bing Guan | Reuters New Biden administration rules that put homemade firearm kits used to build “ghost guns” in the same legal category as traditional firearms went into effect on Wednesday, after federal judges declined […]
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Snowflake shares soar next income defeat
Frank Slootman, CEO of Snowflake, on the working day of its 2020 IPO, Sept. 16th, 2020. CNBC Shares of the cloud information system company Snowflake popped much more than 17% in prolonged trading on Wednesday after the company launched next-quarter earnings that conquer analysts’ earnings anticipations. Here’s how the company did: EPS: Reduction of 70 […]
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Salesforce trims complete-year expectations for earnings and revenue
Marc Benioff, co-founder and co-CEO of Salesforce, speaks at the TIME100 Gala on June 8, 2022, in New York. Kevin Mazur | Getty Photos Salesforce claimed earnings and income that topped analysts’ estimates but gave a disappointing forecast for fiscal 2023. The inventory slid in extended trading on Wednesday. The corporation stated its board permitted […]
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Stocks making the biggest moves after hours: Snowflake, Nvidia, Salesforce and more
In this photo illustration the stock trading graph of Nvidia Corporation seen on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Nvidia – Nvidia slipped 2.5% after quarterly earnings missed Wall Street expectations on the top and bottom line. Nvidia […]
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Trump Interior secretary and Montana House seat contender Ryan Zinke lied to department watchdog in casino probe, report finds
Ryan Zinke, the Republican nominee for Montana’s new House seat, lied to the Interior Department’s internal watchdog during a probe of an tribal casino application while he led the department under then-President Donald Trump, according to an official report released Wednesday. Zinke and his chief of staff “made statements to [Interior’s Office of the Inspector […]
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Pending home sales slip 1% in July, but Realtors say market may be ‘at or close to the bottom’
Pending home sales, a measure of signed contracts on existing homes, slipped 1% from June to July, according to the National Association of Realtors. Compared with a year ago, sales were down 19.9%. The figure, a future indicator of closed sales, has fallen for eight of the past nine months as rising mortgage rates made […]
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