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Stocks making the biggest moves in the premarket: Continental Resources, Oracle, National Vision and more
Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate the […]
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His first task as Nokia CEO was to revive the company. Here are 5 lessons he learned in the process
Inmarsat CEO Rajeev Suri shares his career-defining lightbulb moment with CNBC’s “My Biggest Lessons.” Rajeev Suri had been a long-time Nokia veteran before he was tapped to become the Finnish telecommunications company’s CEO in 2014. However, the company he took the helm of was no longer at the top of its game. Nokia had lost […]
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Nokia CEO says 6G will be here by 2030 — but you might not access it via your smartphone
Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he doesn’t think the smartphone will be the most “common interface” by then. Speaking on a panel […]
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Cramer’s lightning round: Chubb is ‘a great company’
“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
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Chip supply issues are still giving some of world’s biggest companies a major headache
Apple CEO Tim Cook Brooks Kraft/Apple Inc/Handout via Reuters An ongoing shortage of chips and other basic materials is forcing some of the world’s biggest tech and automotive companies to scale back their targets this year. Apple CEO Tim Cook warned Thursday that the company was “not immune” to supply chain challenges, noting that the […]
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Germany’s SAP joins western corporate exodus from Russia
Uwe Anspach | picture alliance | Getty Images Business software group SAP plans to exit Russia completely in response to Moscow’s invasion of Ukraine, although it said on Tuesday it might be possible for Russian users to run its software for years without support. SAP joined a long list of companies, including rival Oracle last month in […]
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Wall Street banks think these global stocks will benefit if stagflation takes hold
Bank of America and Jefferies name their top stocks to navigate the phenomenon of stagflation — when high inflation meets stagnant growth. Source
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