Author: Press Room
In a challenging market, investors should look to “well-known, great American companies with beaten down stocks,” CNBC’s Jim Cramer said Wednesday.There are three companies that Cramer thinks have compelling stories and strength, even if their stock prices don’t necessarily reflect that: Johnson & Johnson, Eli Lilly, and Procter & Gamble.At Johnson & Johnson, a bruising yearslong battle with lawsuits linked to the company’s talc powder battered the stock, Cramer said.An attempted bankruptcy maneuver was struck down by an appeals court, Cramer continued, leaving his Charitable Trust’s play exposed. But J&J’s recently announced settlement with many of the claimants leaves the…
In the wake of the 2016 presidential election, as online platforms began facing greater scrutiny for their impacts on users, elections and society, many tech firms started investing in safeguards. Big Tech companies brought on employees focused on election safety, misinformation and online extremism. Some also formed ethical AI teams and invested in oversight groups. These teams helped guide new safety features and policies. But over the past few months, large tech companies have slashed tens of thousands of jobs, and some of those same teams are seeing staff reductions. Twitter eliminated teams focused on security, public policy and human…
Watch full video on YouTube
Bitcoin mining firm Sphere 3D is suing Gryphon Digital Mining, its business partner, for losing about $500,000 worth of Bitcoin due to a spoofing attack. The firm accused Gryphon CEO Rob Chang of sending 18 Bitcoin to a fraudster who pretended to be Sphere 3D’s CFO in January. A few days later, another eight Bitcoin were transferred using the same method, according to a Saturday press release.Furthermore, Sphere 3D alleged that Gryphon provided poor services to its partner and misrepresented the Bitcoin miner’s computing power in public disclosures.“Today we filed litigation against Gryphon, the custodial management services provider of our blockchain and…
Watch full video on YouTube
Some Credit Suisse shareholders had angry words for the board at its final annual general meeting. One investor held up walnut shells and said they were worth as much as a single share of the bank. Credit Suisse was acquired by rival UBS after the 167-year-old Swiss bank’s stock crashed last month. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Shareholders at Credit Suisse’s last-ever annual meeting vented their frustration, anger, and disappointment in remarks directed to the bank’s board.The 167-year-old Swiss bank saw…
A $500 million yacht believed to belong to Jeff Bezos has been delivered to the Amazon founder. The 417-foot vessel, the largest sailing yacht in the world, recently made its maiden voyage to Gibraltar, according to Boat International. It previously stirred controversy for nearly dismantling a historic bridge for it to pass. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A $500 million megayacht believed to be commissioned by Amazon founder Jeff Bezos has finally completed construction and made its maiden voyage.The vessel, called…
Introduction Caterpillar (NYSE:CAT) is one of the first stocks I bought for my dividend (growth) portfolio. The corporation possesses several distinguishing features, such as a robust machinery business with a wide competitive moat, impressive pricing power, substantial free cash flow that is consistently utilized to fuel dividend growth, and the benefit of secular tailwinds such as the current surge in demand for commodities driven by the electric vehicle industry and energy transition. In January, I wrote that Caterpillar is one of the best places to bet on net zero, as it will benefit tremendously from much-needed investments in mining equipment.…
Ndow Darboe was jubilant when Gambia’s opposition leader Adama Barrow ousted the country’s autocratic president Yahya Jammeh, sharing the widespread view that it would usher in an era of renewal after decades of dictatorship. But in the six years since Barrow took office, Darboe and many other Gambians have become disillusioned by their president’s failures to confront the west African nation’s deep economic and social challenges. “People are suffering,” said Darboe, a farmer from the coastal town of Serekunda.Barrow’s victory and the removal of Jammeh — who initially refused to step aside — was Gambia’s first constitutional transfer of power…
House Judiciary Chairman Jim Jordan is expanding his investigation into the Manhattan District Attorney’s office by seeking voluntary cooperation from the office’s senior counsel, Matthew Colangelo. The move is the latest sign of how Jordan continues to ramp up his investigation into the office, as key allies of former President Donald Trump attempt to frame his recent indictment as politically motivated. The letter to Colangelo seeking documents and testimony portrays him as key to ramping up the Manhattan DA’s investigation into Trump and cites Colangelo’s prior experience at the Department of Justice and the New York attorney general’s office to…
