Author: Press Room
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks were mixed Friday after four straight days higher. The Dow was on track for its top weekly performance of 2024. The S & P 500 and Nasdaq were also poised for strong weekly gains. Jim Cramer described the run as “amazing,” citing the extra boost the market got from the Federal Reserve signaling Wednesday that it still expects three interest rate cuts this year. He cautioned, however, that investors should not speculate too…
Check out the companies making headlines in midday trading. Nike — The sneaker brand fell nearly 8% after the company gave a soft outlook for the full year and reported that sales in China have been slowing . In its latest quarter, Nike reported beats on the top and bottom lines. Lululemon — The athleisure company plummeted 16% after posting weaker-than-expected guidance as demand slows in North America. Separately, Lululemon beat earnings and revenue expectations for its fiscal fourth quarter. Reddit — Shares of the social media platform shed 2% a day after its initial public offering. On Thursday, Reddit…
Donald Trump is now more likely than ever to make a Wall Street comeback — and that has escalated the meme-trading frenzy surrounding the former president. Shareholders of Trump Media, the parent company of Trump’s social media platform, Truth Social, voted Friday to approve a merger with Digital World Acquisition Corp, a blank-check company whose purpose is to raise funds for private companies and take them public. In anticipation of its merger with Trump Media, shares of DWAC popped more than 100% this year. Trading has embodied the same kind of frenzy shown in Tupperware’s stock surge last July, or that of meme…
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Last updated: March 22, 2024 08:22 EDT | 1 min read CryptoPunks non-fungible token (NFT) on the Ethereum blockchain saw a record-breaking sale of one of its nine Alien Punks.On Wednesday, an anonymous collector purchased CryptoPunks #7804 for 4,850 ETH, or $16.38 million.This marks the second-largest CryptoPunks sale, both in terms of ETH and USD value, according to CryptoSlam data. The first most expensive CryptoPunks #5822 NFT sale took place in February 2022, valued at 8,000 ETH worth $23.7 million.Additionally, the recent sale surpassed Punk NFT #3100, which was sold early this month set at a value of 4,500 ETH…
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Nvidia is growing at the expense of other Big Tech companies, Jim Chanos and Larry McDonald said. Nvidia is raking in profits while its customers are racking up bills, they said. Microsoft and Meta are among the largest buyers of Nvidia’s microchips. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Nvidia is cannibalizing the growth of other “Magnificent Seven” companies, according to two veteran investors.The chip maker’s revenue surged 126% to almost $61 billion in the year to January 28, boosting its net income by nearly 600% to…
Sadot Group, Inc. (NASDAQ:SDOT) Q4 2023 Earnings Conference Call March 21, 2024 11:00 AM ET Company Participants Frank Pogubila – IRMichael Roper – CEOJennifer Black – CFOBenjamin Petel – Managing MemberKevin Mohan – Chairman Conference Call Participants Aaron Grey – Alliance Global PartnersTom Kerr – Zacks Operator Welcome to the Sadot Group, Inc. Q4 Fiscal Year 2023 Earnings Conference Call. Today’s call is being recorded and all participants will be in listen-only mode. After management’s prepared remarks, we will take questions. At this time, for opening remarks and introductions, I would like to turn the call over to Frank Pogubila,…
Simon Harris (r) watches as Leo Varadkar announces his resignation on March 20 © Nick Bradshaw/PA WireSimon Harris, Ireland’s higher education minister, appeared poised to succeed Taoiseach Leo Varadkar after securing the backing of much of the parliamentary party and as other frontrunners pulled out of the race.His two likeliest competitors — Heather Humphreys, social protection minister, and Paschal Donohoe, public expenditure minister and president of the Eurogroup of eurozone countries — both said they would not put their names forward to take the helm of the centre-right Fine Gael party.Helen McEntee, justice minister, and Simon Coveney, enterprise minister, who…
Fani Willis, the embattled Fulton County District Attorney, plans to press ahead with her goal of putting Donald Trump on trial before the November election, and intends to ask the judge presiding over the Georgia criminal case to schedule a trial date as soon as this summer, according to three people familiar with her thinking. It’s a bold move considering the hurdles Willis faces in getting the case back on track after a two-month detour revealed embarrassing details of her personal life, damaging her credibility in the eyes of Judge Scott McAfee and leaving her politically vulnerable ahead of her…
