Business
FTX collapse an example of ‘greed and FOMO,’ says short-seller Carson Block
Carson Block, founder of short selling investment firm Muddy Waters, thinks the collapse of cryptocurrency exchange FTX under Sam Bankman-Fried is a “great example of greed and FOMO.” Block told CNBC’s “The Exchange” he had seen the business trajectory of the former billionaire and thought there was “obviously something wrong.” related investing news ‘Big Short’ […]
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Macy’s raises earnings forecast, says it has fresh inventory for the holidays
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Thursday raised its earnings forecast for the year after the department store operator said it has fresh merchandise and is ready for the holiday shopping season. The company stood by its revenue guidance as it faces a […]
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Stocks making the biggest moves premarket: Macy’s, BJ’s Wholesale, Kohl’s and others
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-store sales fell less than expected and the company also raised its earnings outlook. related investing news Nvidia’s results suggest its gaming business is close to a bottom, […]
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UK finance minister announces tax hikes and spending cuts, says country is in recession
U.K. Finance Minister Jeremy Hunt is set to announce a sweeping package of tax hikes and spending cuts in his Autumn Statement as he seeks to plug a gaping hole in the country’s public finances. Victoria Jones | Pa Images | Getty Images LONDON — The U.K. government on Thursday unveiled a sweeping £55 billion […]
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Starbucks union to strike at more than 100 locations on Red Cup Day, one of the chain’s busiest days of the year
Starbucks official reusable red cup, left, and red cup from Starbucks Workers United. Source: Starbucks; Starbucks Workers United Workers at more than 100 unionized Starbucks locations plan to strike on Thursday, one of the chain’s biggest sales days of the year. To celebrate the holiday season, Starbucks every year gives away reusable red cups bearing […]
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The energy transition will fail unless industry fixes wind power issues, Siemens Energy CEO says
Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022. Paul Ellis | AFP | Getty Images The CEO of Siemens Energy on Wednesday argued that the energy transition would fail unless his industry addressed a number of issues currently facing the wind power sector. In an interview with CNBC’s […]
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Trump Media merger partner loses board member days before pivotal shareholder meeting
The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters A South Florida real estate executive has quit the board of Digital World Acquisition Corp., the blank-check company that agreed to take former President Donald Trump’s media company public, […]
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Cramer’s lightning round: Uber is going to be the last man standing
Uber Technologies Inc: “Uber is a stock that you have to own for a while. … It’s going to be the last man standing, and that’s why I like Uber.” PayPal Holdings Inc: “I think that they can make it so that a lot of other companies go under their umbrella, and that would make […]
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Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy
CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look at what’s happening at individual companies – big ones, not small ones – so that they’ll be a little less ruthless going […]
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Shares generating the most important moves soon after hrs: Cisco, Bathtub & System Operates, Nvidia and a lot more
In this report NVDA SONO BBWI CSCO Abide by your favourite sharesDevelop Absolutely free ACCOUNT A runner jogs earlier Cisco Units headquarters in San Jose, California, U.S., on Monday, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Photographs Examine out the providers producing headlines in after-hour buying and selling. Cisco – Shares jumped […]
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