business news
Marqeta shares plunge more than 20% on CEO exit and ‘cautious’ expectations for coming months
Marqeta celebrates IPO at the Nasdaq on June 9th, 2021. Source: The Nasdaq Shares of payment processor Marqeta tumbled 24% on Thursday after founder Jason Gardner announced plans to step down as CEO, and the company said it’s being cautious given the challenges in the economy and fintech sector. Gardner started Marqeta in 2010 and […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Thursday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. July’s soft PPI is welcome news for growth stocks Disney just crushed it Quick mentions: QCOM, AAPL, DIS, AMZN We need to be nimble in oil 1. July’s soft PPI […]
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Gas prices are falling — Here’s why it’s happening and whether it can continue
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it’s too early to know if the move lower will hold. The national average for […]
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Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit
Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was […]
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Stocks making the biggest moves midday: Six Flags, Disney, Sonos and more
Customers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey. Kenneth Kiesnoski/CNBC Check out the companies making headlines in midday trading. Six Flags — Shares dropped more than 22% after the theme park company sharply missed second-quarter earnings expectations. Six Flags reported earnings […]
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BlackRock launches a private trust to give clients exposure to spot bitcoin
Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019. Alex Kraus | Bloomberg | Getty Images BlackRock has launched a private trust offering institutional clients in the U.S. direct exposure to bitcoin. The largest asset manager in the world revealed […]
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Charts suggest oil could bounce temporarily then head lower, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that oil could rally in the short term, but it’s unlikely to last. “The charts, as interpreted by Carley Garner, suggest that oil could be due for a short-term bounce, but over the next few months she ultimately sees it headed lower — possibly much lower. That’s exactly what […]
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GM reveals new GMC Canyon premium midsize pickup, starting at $40,000
DETROIT — General Motors on Thursday revealed its redesigned GMC Canyon as a more premium offering than the current midsize pickup, including a new off-road AT4X model that will expand the vehicle’s pricing range. The new AT4X model features off-road performance parts as well as unique interior and exterior styling. It will launch alongside a […]
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U.S. murder rates were still up in 2021 but recent data suggests that trend could be reversing
There were 6% more murders nationally in 2021 than in 2020. That’s a troubling statistic, but modest when compared to the prior year, when the U.S. murder rate climbed nearly 30%, a year-over-year record. That big increase “was a complex combination of factors related to or potentially exacerbated by the pandemic but not inherently the […]
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State, local relief not in cards for residents of high-tax states as House assesses Inflation Reduction Act
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images After fighting to repeal the $10,000 limit on the federal deduction for state and local taxes, known as SALT, a group of House […]
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