Business
Cramer’s lightning round: I’m sticking with Bausch Health
Tredegar Corp: “I remember when they became public. I was involved in the deal. I thought it was terrific then, I think it’s terrific now.” Bausch Health Companies Inc: “Joe Papa’s going to split into three companies, and I happen to like all three companies. I think it’s going to work. … I’m sticking with […]
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Buy ’gift horse’ Danaher while it’s down but leave room for other stocks, Cramer says
CNBC’s Jim Cramer on Friday advised investors to buy shares of medical diagnostics and health technology company Danaher while it’s down, warning that it won’t stay that way for long. “Danaher’s a great American company with a stock that was trading at $280 before it reported that fantastic quarter yesterday morning. Even though the quarter was […]
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Cramer’s week ahead: Tech giants report earnings, be ready to act on market bounces
CNBC’s Jim Cramer urged investors to take advantage of down days like Friday to prepare portfolios for the Federal Reserve’s upcoming interest rate hikes — but only if they have the means to do so. “After today’s disaster, we’re actually probably good for another beat-down or two before we settle into what I think will […]
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Jack Dorsey’s new title: Block Head
Jack Dorsey, CEO, Twitter testifies at Congressional hearing, March 25, 2021. CNBC Jack Dorsey is no longer the CEO of Block. He no longer has the title, at least. In a filing with the SEC on Friday, the company formerly known as Square said Dorsey has changed his title to Block Head. Block updated its […]
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Netflix and Facebook have given up most of the last few years’ gains since tech’s November peak
Zoom In IconArrows pointing outwards Meta and Netflix five-year performance CNBC Two members of the FAANG group have been defanged. In the five months since the Nasdaq’s peak late last year, Netflix and Facebook (now Meta) have gotten crushed, giving up most of the gains they’d accumulated over the prior half-decade. Netflix is down nearly […]
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Covid was the third leading cause of death in the U.S. last year, with only heart disease and cancer killing more
Covid-19 was the third leading cause of death in the U.S. last year, with only heart disease and cancer killing more people, according to data released Friday by the Centers for Disease Control and Prevention. Covid killed more than 415,000 people in 2021 and contributed to the deaths of 45,000 more people, about 20% more […]
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Florida Gov. DeSantis signs bill revoking Disney’s special district status
View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. Getty Images Florida Gov. Ron DeSantis on Friday signed into law a bill revoking the Walt Disney Company’s special district status in the state, just days after the legislation […]
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Morgan Stanley theorizes how Elon Musk’s tunnel company will one day work together with Tesla
“The ‘Muskonomy’ is starting to bloom,” analysts wrote. Source
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Stocks making the biggest moves midday: HCA Healthcare, Kimberly-Clark, Gap and more
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. American Express — Shares of the payment firm dipped 1.1% despite American Express topping earnings expectations for the first quarter. American Express reported a profit of $2.73 per share, versus […]
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Carlos Ghosn says he would face fair trial in France, suggests timing of arrest warrant ‘suspicious’
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive. […]
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