Like media moguls before him, the world’s wealthiest person now owns a personal mouthpiece with Twitter. It may prove more potent at influencing public opinion than traditional news outlets. As long a...
Category: Finance
Live Finance News Updates.
Warner Bros. Discovery earnings miss across the board
Warner Bros. Discovery (WBD) reported third quarter earnings after the bell on Thursday, missing expectations across several areas. Here are Warner Bros. Discovery’s third quarter results compar...
How the CNBC Stock World Cup 2022 works
Zoom In IconArrows pointing outwards CNBC World Stock Cup 2022 CNBC Asia From Apple to Tencent, LVMH to BHP, Naspers to Netflix. As we head into the World Cup season, CNBC will be taking a look at som...
GameStop Stock Free Fall Is A Nonstop Disaster
If you’re trying to pick the worst meme stock, there’s plenty to choose from. But GameStop (GME) holds a special place among the biggest disasters — and it keeps getting worse. X Shares of...
Cramer’s lightning round: I’m sticking with Nvidia
Nvidia Corp: “I know it’s overvalued right now. … I think a year from now, the stock’s going to be higher, and I’m sticking with Nvidia.” GoPro Inc: “I said s...
PayPal shares tumble despite a solid Q3 and raised guidance
PayPal Holdings Inc (NASDAQ: PYPL) lost as much as 10% in extended trading on Thursday even though the payments company reported a better-than-expected Q3 and raised its earnings guidance for the full...
Elizabeth Warren, Bernie Sanders slammed the Fed’s hawkish stance — Powell responded with another 0.75% hike. Here are 3 ideas for shockproofing
‘Disregard for the livelihoods of millions’: Elizabeth Warren, Bernie Sanders slammed the Fed’s hawkish stance — Powell responded with another 0.75% hike. Here are 3 ideas for shockproofing It’s...
Jim Cramer says to parse the Dow for recession-resilient stocks
CNBC’s Jim Cramer on Thursday advised investors on where to look for stocks that can withstand a potential economic downturn. “The Dow Jones Industrial Average is filled with relatively ch...
Jeff Bezos Denies Ex-Housekeeper’s Allegations Of Racial Bias And Unsafe Working Conditions
Topline Billionaire Amazon founder Jeff Bezos has denied allegations that his ex-housekeeper faced racial discrimination and unsafe working conditions while employed at his Seattle mansion as outlined...
Virgin Galactic Q3 2022 earnings
Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Virgin Galactic on Thursday reported a wider third-quarter l...
Milwaukee Election Official Fired For Falsely Ordering Military Ballots To Test Whether Fraud Is Possible, Mayor Says
Topline Milwaukee Mayor Cavalier Johnson (D) said Thursday he fired a city election official accused of sending fraudulently obtained absentee military ballots to the home of a Republican lawmaker who...
In Brazil, A Lula Win Is Nothing Special For The U.S., Or Europe
Lula: President of Brazil again. (Photo by NELSON ALMEIDA / AFP) (Photo by NELSON ALMEIDA/AFP via … [+] Getty Images) AFP via Getty Images Brazil’s two time ex-president, and ex-convict, Luiz In...
Chinese Tycoon Spent 8 Years, $3 Billion on EV That Went Unbuilt
(Bloomberg) — The image arrived in Susan Swenson’s inbox on a Wednesday evening. Her corporate headshot had been crudely crossed out in digital red ink, and the word “Kill” was written in the bo...
Warner Bros Discovery (WBD) earnings Q3 2022
Warner Bros. Discovery reported its third-quarter earnings on Thursday, missing analyst expectations, as it felt the effects of a tough advertising environment and costs associated with its post-merge...
Foley’s Founder Shaun Clancy Seeks Home For Irish Baseball Hall Of Fame
Shaun Clancy, founder and president of the Irish Baseball Hall of Fame, presided over the annual … [+] inductions until Covid-19 forced its home, Foley’s Bar and Pub, to close down in 2020...
Consumer Confidence Report, An Economic Preview
| Getty Images Key Takeaways Consumers are shifting their spending due to inflation, forgoing holiday travel for purchases like food, shelter, and major household appliances. Surprisingly, more Americ...
World ‘plunging towards societal collapse’ as era of cheap money ends
rates rise recession The global economy is on the path to hyperinflation and risks societal collapse if soaring prices are not brought under control, one of the world’s biggest hedge funds has warned....
Carvana (CVNA) earnings Q3 2022
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana fell in extended trading Thursday after the online used car retailer missed Wall Street’s top- and bottom-line expectations for the...
Chicago White Sox Name Pedro Grifol Next Manager
New Chicago White Sox baseball team manager Pedro Grifol, left, is given a Chicago White Sox jersey … [+] by team general manager and senior vice president Rick Hahn, right, during news conferen...
Zombies run for shelter as Federal Reserve hawks look to a higher dot plot
As expected, Jerome Powell and the Federal Reserve raised interest rates by 75 bps for the fourth consecutive time this year, to the 3.75% – 4% corridor. This was in line with market expectation...
3 Seriously Undervalued Semiconductor Stocks to Buy Now
Semiconductor stocks make the world go ‘round. Many of today’s modern conveniences wouldn’t be possible without them. Yet, you wouldn’t be able to tell that by looking at the charts or valuations of s...
OpenSea Working Hard to Prevent Scammers from Flipping Stolen NFTs
OpenSea worried about NFT scams and aThefts. Since the last few months, crypto thefts and scams are constantly increasing, and several companies are working hard to overcome the risk of thefts and sc...
4 of our stocks are in the news. Here’s the Club’s take on each development
Four of our Club holdings — Costco Wholesale (COST), Amazon (AMZN), Humana (HUM) and Bausch Health (BHC) — were in the news Thursday. Here’s how we feel about the developments. Costco The news: ...
Block, PayPal, Carvana, Twilio and more
A Starbucks location in New York. Scott Mlyn | CNBC Check out the companies making headlines after hours. Block — The mobile payment stock jumped 12% after Block reported third-quarter results that be...
Should I buy Gilead Sciences shares in November 2022?
Gilead Sciences, Inc. (NASDAQ: GILD) shares have advanced from $61.45 to $80 since the beginning of October 2022, and the current price stands at $79.46. Gilead Sciences reported better-than-expected ...
The Fed just hiked interest rates by 0.75% for the 4th straight time — escalating fears of a global recession. But here’s why soon-to-be retirees shouldn’t panic
The Fed just hiked interest rates by 0.75% for the 4th straight time — escalating fears of a global recession. But here’s why soon-to-be retirees shouldn’t panic The Fed just announced its...
Inflation to dampen holiday spending, retail trade group forecasts
Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Getting shoppers to spend this holiday season won’t...
Shepard Smith, One Of Television’s Most Talented News Anchors, Was Never A Good Fit For CNBC
Shepard Smith on the set of his Fox News Channel newscast back in 2017 (Photo by Steven … [+] Ferdman/Getty Images) Getty Images When Shepard Smith announced in 2019 that he was leaving the Fox ...