Stock markets
Stocks making the biggest moves midday: Cisco, Kohl’s, CSX and more
Cisco logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. NurPhoto | Getty Images Check out the companies making headlines in midday trading Thursday. Harley-Davidson – Shares of the motorcycle maker fell more than 8% after the company said it’s suspending most vehicle assembly and shipment for two weeks due to a […]
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Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high
A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $4, or $5, and […]
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Stocks making the biggest moves premarket: Kohl’s, BJ’s Wholesale, Spirit and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s reported adjusted quarterly earnings of 11 cents per share, well short of the 70-cent consensus estimate. Revenue was better than expected, but the retailer noted a tough sales environment as well as higher costs. Kohl’s shares fell 3.3% in premarket trading. BJ’s […]
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Tesla whale calls for $15 billion stock buyback after share price craters
Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. James Glover II | Reuters Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company’s share price continues […]
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Wingstop is seeing ‘meaningful deflation’ in chicken wings, CEO says
Chicken wings prices have come down in price since soaring last year, Wingstop chief executive Michael Skipworth told CNBC’s Jim Cramer on Wednesday. “Other brands are … going to have to look at pricing in order to manage their margins, and Wingstop is in a very different position in that we’ve seen meaningful deflation in […]
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Cramer’s lightning round: Vertex Energy is going higher
“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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Stock futures dip slightly after Dow’s worst day since 2020
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images Stock futures dipped in overnight trading Wednesday after the Dow Jones Industrial Average experienced its biggest one-day drop since 2020. Futures on the Dow Jones Industrial Average shed about 30 […]
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Jim Cramer says investors should eye these two lithium stocks
CNBC’s Jim Cramer on Wednesday offered investors two lithium stocks he believes should be on their shopping lists. “Lithium is everywhere, people – it just takes at least eighteen months to get production going, and that’s about how long it’s been since prices started soaring. We’ve already got these smaller players getting ready to come […]
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Melvin Capital says it’s winding down funds and returning money to investors during market turmoil
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as […]
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Fed’s Powell must ‘slay these seven dragons’ for market to recover, Cramer says
CNBC’s Jim Cramer on Wednesday went through a list of economic problems that Federal Reserve Chair Jay Powell needs to address to tamp down inflation and in turn help the stock market rebound. “Right now, Powell’s losing on too many fronts, which means he has to get more aggressive about raising interest rates to cool […]
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