Author: Press Room
We are selling 50 shares of Procter & Gamble at roughly $169.86. Following the trade, Jim Cramer’s Charitable Trust will own 400 shares of PG, decreasing its weighting in the portfolio to 2.15% from 2.4%. In all the recent volatility, we’ve talked a lot lately about circling the wagons around high-quality companies that reported strong earnings this earnings season. Our thinking is that those stocks are the ones that have the best chance at rallying again when the market finds its footing. Historically, we would put Procter & Gamble in this camp, but the company did not report a good quarter…
A Pakistani national with ties to Iran was charged in a foiled plot to assassinate U.S. government officials on American soil, the Department of Justice said Tuesday.Former President Donald Trump was one of the potential targets of the plot by Asif Merchant, who was arrested on July 12 in Texas before any attacks could be carried out, a senior law enforcement source told NBC News.Trump was nearly killed at a presidential campaign rally one day after Merchant’s arrest, when a would-be assassin on a nearby rooftop fired at the Republican nominee while he was speaking onstage.Law enforcement officials do not…
Elon Musk’s X has accused a group of major advertisers of antitrust violations in a new lawsuit claiming the group conspired to “boycott” advertising on the platform. The lawsuit claims an influential ad industry group organized “to collectively withhold billions of dollars in advertising from Twitter” because the group was concerned that the platform had deviated from brand safety standards after Musk’s acquisition in late 2022. The group is the Global Alliance for Responsible Media, also known as GARM, a voluntary ad-industry initiative run by the World Federation of Advertisers that aims to help brands avoid having their advertisements appear…
Chegg, Inc. (NYSE:CHGG) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Tracey Ford – VP, IR and ESGNathan Schultz – President and CEODavid Longo – CFO Conference Call Participants Bryan Smilek – JPMorganEric Sheridan – Goldman SachsJosh Baer – Morgan StanleyRyan MacDonald – Needham & CompanyDevin Au – KeyBanc Capital Markets Operator Greetings, and welcome to Chegg, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lucid Motors has received another $1.5bn in funding from its largest shareholder, Saudi Arabia’s Public Investment Fund, giving the Californian electric vehicle start-up vital new cash to navigate a global slowdown in demand and launch a mass-market SUV.The PIF, which owns about 60 per cent of Lucid, would buy $750mn in convertible preferred stock and provide a delayed draw loan facility of $750mn through an affiliate investment company called Ayar, according to a statement on Monday. The funding comes on top of…
A Virginia man has been charged with making death threats against Vice President Kamala Harris and appeared in federal court on Monday. According to court records, Frank Lucio Carillo made several threats against Harris, President Joe Biden, FBI Director Christopher Wray, several Arizona officials, and others on the right-wing social media platform Gettr. In response to a subpoena, the FBI found 4,359 posts from Carillo “targeting various public officials,” including Harris. In several posts, Carillo allegedly threatened to cut out Harris’ eyes and described various ways he wanted to kill the vice president, court records say. “I will cut your eyes out,” Carillo allegedly wrote in one expletive-laden rant where he called Harris a “b*tch”…
Did you know more people turn 65 each day in America than are born? And by 2030, there will be more people over 60 than those under 18? This generation of “elders” in the developed world is “the longest lived, wealthiest, healthiest, most highly educated, and largest percentage of elder population in history,” says John Izzo, life coach and author of The Five Secrets You Must Discover Before You Die. For about 10 years, I have been interviewing thought leaders about life and work wisdom. I am also particularly concerned with what the “largest percentage of elder population” will leave…
Many first-time homebuyers approach buying a home with enthusiasm but lack the hands-on experience to know what they may face when buying a home for the first time. Nearly 41% of first-time buyers are less aware of the costs associated with owning a home, compared to 31% of buyers who have owned multiple homes, an Angi study found. First-time buyers often underestimate home maintenance and improvement costs. Plus, many don’t consider the financial burden of unexpected home emergencies.The cost of home improvements was the most surprising for study respondents, with 43% of younger homeowners ages 18 to 24 reporting being…
We are buying 70 shares of DuPont at roughly $78.14 and 85 shares of Wells Fargo at roughly $52.12. Following the trades, Jim Cramer’s Charitable Trust will own 1,385 shares of DD, increasing its weighting to 3.5% from 3.3%, and 2,365 shares of WFC, increasing its weighting to 4.00% from 3.85%. We’re nibbling on stocks again Monday afternoon to take advantage of the fear and volatility in the markets. It’s probably too soon to count on the S & P 500 Short Range Oscillator — our trusted indicator of how to act during big upswings or huge downdrafts in the…
Kristen Faulkner ended a 40-year-drought for the U.S. in the Paris Olympics — in a sport she picked up for fun six years ago.On Sunday, the 31-year-old became the first American rider to win gold in the women’s road race since Connie Carpenter did so in the 1984 Los Angeles games. Faulkner grew up hiking and rowing in Homer, Alaska, a small city on the Kenai Peninsula, and joined the women’s crew team at Harvard University, where she graduated in 2016. She didn’t start competitive cycling until 2017 when she moved to New York to work as a venture capitalist. “I still needed…
