Markets
Bitcoin tumbles below $27,000 for first time since December 2020 as crypto sell-off intensifies
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged […]
Read More
Uber, Lyft and more: Goldman says buy these stocks to cash in on a $25 trillion opportunity
Goldman Sachs has picked a slew of buy-rated stocks that it says are currently “underappreciated” by the market, predicting that they will benefit from new business models that could be worth $25 trillion by 2050. Goldman’s picks include ride-hailing services Uber and Lyft , as well as sportswear firms Nike and Adidas and several waste […]
Read More
Disney did not give us everything this quarter, but parks and streaming really delivered
It wasn’t a perfect quarter, but we’re pleased to see theme park operating income and Disney+ subscriber additions beat expectations. Source
Read More
Asia-Pacific markets slip after data shows U.S. inflation near 40-year highs in April
Stock picks and investing trends from CNBC Pro: The U.S. consumer price index surged 8.3% in April as compared with a year ago — near the highest level in more than 40 years, official data showed Wednesday, . The April reading, which represented a slight ease from March’s peak, was also above the Dow Jones […]
Read More
Stock market’s dismal performance is ‘part of the fight against inflation,’ Jim Cramer says
CNBC’s Jim Cramer said Wednesday that while the hot consumer price index suggests the Federal Reserve is losing in its struggle against inflation, the dismal performance of stocks, particularly in the Russell 1000, offers a different view. “When I talk about the Fed winning or losing the fight against inflation, I mean the fight to […]
Read More
Cramer’s lightning round: I like Blackstone over KKR
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
Read More
Unity CEO says ‘we expect to be profitable’ in Q4 after rough quarter
Unity Software expects slower growth in the second and fourth quarters while rebuilding its data but expects to be profitable at the end of the year, chief executive John Riccitiello told CNBC’s Jim Cramer on Wednesday. “We brought our guidance down, and what that’s about is [a] self-inflicted wound. We did some things on the […]
Read More
Roblox CEO says April bookings are starting to turn around after a difficult March
Roblox CEO David Baszucki told CNBC on Wednesday that the company is seeing its bookings recover in April after the company said earlier this week that they declined 3% in the March quarter. Bookings are how the company describes sales of its virtual currency, Robux, which players use to buy digital items such as avatars […]
Read More
Stock futures are little changed following hot inflation report
Stock futures were slightly higher Wednesday evening after the latest CPI data showed inflation is still running hot. Futures tied to the Dow Jones Industrial Average added 17 points, or 0.05. S&P 500 futures inched higher by 0.03%. Nasdaq 100 futures were down by 0.01%. Disney shares fell about 2% after hours despite strong earnings […]
Read More
Beyond Meat shares tumble after jerky launch leads to wider-than-expected loss
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily on margins. Shares of […]
Read More