We're locking in a big profit on our favorite retail stock after softer sales figures – CNBC

We're locking in a big profit on our favorite retail stock after softer sales figures – CNBC

We’re locking in a big profit on our favorite retail stock after softer sales figures  CNBC Why Wall Street’s bullish on 3 Club stocks Wednesday — and our take, too  CNBC Recent weakness in the strong dollar is a welcome development for multinational Club stocks  CNBC Jim Cramer’s Investing Club meeting Tuesday: Stock picks, Disney pivot, Microsoft confidence  CNBC … Read more

Hibbett, Silvergate Capital, Chemours and more

Hibbett, Silvergate Capital, Chemours and more

Take a look at some of the biggest movers in the premarket: Hibbett (HIBB) – The sporting goods retailer’s stock slid 5.7% in the premarket after it missed top and bottom line estimates for its latest quarter. Hibbett was hit by higher expenses which cut into its profit margins, although the company reaffirmed its full-year … Read more

Disney’s Robert Iger May Find Second Time Isn’t Quite the Charm

Disney’s Robert Iger May Find Second Time Isn’t Quite the Charm

Robert Iger just got a $10.5 billion vote of confidence. He will need all of it.  That is how much Disney’s DIS 6.30% market value jumped by Monday’s closing bell on the surprise news that Mr. Iger is returning to the Magic Kingdom’s throne. In a statement Sunday night, the company’s board said he will … Read more

Carvana Faces Cash Crunch From High Debt, Rising Interest Rates

Carvana Faces Cash Crunch From High Debt, Rising Interest Rates

Carvana Co. CVNA -3.13% , the used-car dealer that was a pandemic winner, is rushing to conserve cash as once-plentiful financing options dry up and business deteriorates. On Friday, Carvana laid off about 1,500 people, its second round in six months. Its weakening finances mean raising funds would be difficult and costly, and it could … Read more

They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire

They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire

The emerging picture suggests FTX wasn’t simply felled by a rival, or undone by a bad trade or the relentless fall this year in the value of cryptocurrencies. Instead, it had long been a chaotic mess. From its earliest days, the firm was an unruly agglomeration of corporate entities, customer assets and Mr. Bankman-Fried himself, … Read more

Stock futures fall as investors weigh cross currents of latest earnings

Stock futures fall as investors weigh cross currents of latest earnings

Stock futures fell Thursday as investors responded to the latest batch of quarterly results and awaited a slew of Federal Reserve speakers. Futures tied to the Dow Jones Industrial Average dipped 260 points, or 0.8%. S&P 500 futures slipped 0.9%, while Nasdaq 100 futures also fell 0.9%. Retailer Bath & Body Works jumped more than … Read more

Opinion: This record number in Nvidia earnings is a scary sight

Opinion: This record number in Nvidia earnings is a scary sight

Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more

Lowe’s (LOW) earnings 3Q 2022

Lowe’s (LOW) earnings 3Q 2022

A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s reported third-quarter earnings on Wednesday that beat analysts’ expectations, with revenue up compared to the same period last year. The home improvement retailer also updated its guidance, lowering the top end of its … Read more

Picasso’s ‘Guitar on a Table,’ Long Held by MoMA, Sells for $37.1 Million at Sotheby’s

Picasso’s ‘Guitar on a Table,’ Long Held by MoMA, Sells for .1 Million at Sotheby’s

A foundation for CBS founder William Paley has started selling off a trove of masterpieces long lent to New York’s Museum of Modern Art to fund an expansion of the museum’s digital footprint—including a Pablo Picasso that sold Monday for $37.1 million. The sale at Sotheby’s landed a week after Christie’s made auction history selling … Read more

Hasbro, Oatly, Advanced Micro Devices and more

Hasbro, Oatly, Advanced Micro Devices and more

Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – The toy maker’s stock slid 5.2% in the premarket following a double-downgrade to “underperform” from “buy” at Bank of America. The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game … Read more