Author: Press Room
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets rally: The gains on Wall Street picked up steam midafternoon Monday, putting the S & P 500 on track for another record close. The tech-heavy Nasdaq is on pace for its sixth all-time high in a row. Strong advances in technology stocks like Club holdings Nvidia , Apple and Broadcom were the dominant theme in last week’s trading. The latter two extended their recent gains Monday session while Nvidia was…
GameStop shares dropped to session lows Monday after the company’s highly anticipated annual meeting failed to offer any concrete updates on the video game retailer’s future plans.The meme stock was down about 12%, as the company’s rescheduled shareholder event wrapped up with no detailed remarks about its strategies. No shareholders got to ask their questions during the meeting, which lasted about 30 minutes. Shares were down as much as 17% at $23.79.Stock Chart IconStock chart iconGameStopIn brief introductory remarks, CEO Ryan Cohen reiterated the company’s plans to focus on cutting costs and boosting profits and intimated that more store closures…
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. Chinese state media Jiemian reported last week that local executives had been accused of embezzling “millions of euros” in an unsigned letter written by whistleblowers calling themselves employees of Adidas China. The letter was widely publicized online. Claudia Lange, head of media relations at the apparel giant, told CNN on Monday that it…
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Lately, there has been a lot of chatter around W. P. Carey Inc. (NYSE:NYSE:WPC), where many investors (and seemingly the market as well) have questioned the Management’s decision to cut the dividend and what kind of signal it sends about WPC’s commitment to distribute consistent dividends going forward. Moreover, the fact that a large chunk of WPC’s office segment has been spun off has lead to a notable decrease in the AFFO generation, which, in turn, has introduced negative rate of change dynamics in the most recent earnings reports. If we look at the TTM total return performance, we will…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shadow chancellor Rachel Reeves would seek to break down EU trade barriers and secure billions of pounds through an early international investment summit if Labour wins the general election.Reeves, in an interview with the Financial Times, signalled an ambitious push to revisit parts of Boris Johnson’s Brexit deal, including seeking closer alignment with EU rules in areas such as the chemicals sector and a better deal for workers in the City of London.“We would look to improve our trading relationship with Europe,…
On GPS: How AI can transform education Sal Khan, founder and CEO of Khan Academy, speaks to Fareed about how AI can revolutionize the education system, and why he doesn’t think it will put teachers out of a job: “Like all technology, it amplifies human intent.” Read the full article here
One of the most knowledgeable financial advisors I’ve ever observed had one of the worst communication tendencies one could have in such a role: He constantly interrupted when clients were talking. But it was worse than you think. Although I’m fairly sure it was subconscious, it was almost as though he was gamifying client communication—seeing how quickly he could diagnose the dilemma with the least amount of information, and then deliver a show-stopping recommendation. Before we revel too much in self-righteous indignation, we must acknowledge something: We do it, too. I do it. You do it. We all do it,…
Home remodels are gaining in popularity, particularly as prices for existing homes skyrocket. Nearly 63% of homeowners surveyed by Adobe said they’d rather remodel their homes rather than deal with the home-buying process. The survey included more than 1,000 homeowners across the country. The home-buying process can be intimidating, but it doesn’t scare away every buyer. One in three survey respondents would prefer to buy than remodel their current homes. The complexities of remodeling are too stressful for many homeowners.The price was cited in Adobe’s study as the No. 1 reason for not wanting a remodel. Homeowners fear it’s too…
