DIRS.INFO The most relevant business & tech news

☆ Jim Cramer breaks down Tuesday's earnings deluge: Coca-Cola, 3M, GM, and GE
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer breaks down Tuesday's earnings deluge: Coca-Cola, 3M, GM, and GECNBC's Carl Quintanilla, David Faber, and Jim Cramer discuss the news of the day affecting markets.

Persons: Jim Cramer, Carl Quintanilla, David Faber Organizations: GM, GE

☆ Paramount's Shari Redstone is open for business, but business may not be open for her
▼ + stars: | 2023-10-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +11 min

Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.

Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S

☆ Starboard CEO makes case for spinning off real estate assets from WSJ owner News Corp
▼ + stars: | 2023-10-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

– in particular to see its real estate business separated from the rest of the company. Smith said News Corp. should split out its real estate assets, including an interest in REA Group of Australia. On Tuesday, Smith called out the valuation discrepancies between the news and real estate businesses. Meanwhile, News Corp.'s real estate assets trade at eight-times, he said. "It's a great business, a great asset, it's just too cheap," Smith said of News Corp.'s stock price.

Persons: Jeffrey Smith, CNBC's David Faber, Smith, Murdoch, It's, it's Organizations: News Corp, –, REA Group of Australia . News Corp, Dow Jones, Wall Street, New, CNBC, Reuters, Street, Fox Corp, New York Times Locations: New York

☆ How Keith Meister of Corvex sees lines blurring between private equity and activist investors
▼ + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A change in the way activist and private equity investors are viewed is underway, Corvex Management founder Keith Meister said Tuesday. Corporate raider is a term used to refer to aggressive activist investors. "The reason it hasn't happened more quickly is because the amazing large private equity funds have been victims of their own successes," Meister said. Activist investors, which include Trian's Nelson Peltz, can agitate for a wide variety of changes including selling off underperforming or undervalued businesses or replacing management teams. Private equity investors, meanwhile, usually build a controlling stake in a company, with the aim of taking it private and making it more valuable before selling it for a profit.

Persons: Keith Meister, Meister, it's, CNBC's David Faber, Trian's Nelson Peltz Organizations: Corvex Management, CNBC Pro, 13D, Investor, Corporate, Private, Blackstone, KKR, MGM, MGM Resorts

☆ CNBC Pro Exclusive: Keith Meister's take on the future of activist investing
▼ + stars: | 2023-10-17 | by ( Alison Conklin | Brian Evans | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Exclusive: Keith Meister sees lines blurring between private equity and activist investorsCNBC's David Faber sits down for an exclusive interview with Keith Meister, Founder and Chief Investment Officer of Corvex Management, at the 13D Monitor Active-Passive Investing Summit.

Persons: Keith Meister, CNBC's David Faber Organizations: Corvex Management, 13D

TORONTO (AP) — Auston Matthews registered his second hat trick in two games to open the season, and the Toronto Maple Leafs beat the Minnesota Wild 7-4 on Saturday night. Coming off his eighth career hat trick in the opener, Matthews made it 2-1 at 12:35 on a 4-on-3 power play. Matthews' shot from a sharp angle went in off a Minnesota stick for his fifth goal in four periods. Reaves, who played 61 games with the Wild last season, also fought Montreal defenseman Arber Xhekaj on Wednesday. FAMILIAR FACESLeafs rookie Matthew Knies faced Wild counterpart and University of Minnesota teammate Brock Faber for the first time in the NHL.

Persons: — Auston Matthews, William Nylander, Ilya Samsonov, Calle Jarnkrok, Tyler Bertuzzi, Mitch Marner, Morgan Rielly, Matthews, Alex Ovechkin, Cy Denneny, Joe Malone, Reg Noble, Matt Boldy, Ryan Hartman, Marco Rossi, Brandon Duhaime, Filip Gustavsson, Hartman, Samsonov, Nylander, Gustavsson, Bertuzzi, Boldy, Rossi, Jarnkrok, Ryan Reaves, Marcus Foligno, Frederick Gaudreau, Reaves, Arber Xhekaj, Matthew Knies, Brock Faber, ” Knies, “, ___ Organizations: TORONTO, Toronto Maple Leafs, Minnesota, Toronto, Montreal, NHL, Florida, Leafs, BELL Toronto, University of Minnesota, “, Chicago Blackhawks, Montreal Canadiens Locations: Toronto, Minnesota, Rielly

The firm plans to push for multiple seats on the board this time, including one for Peltz, the people said. Peltz's activist firm, Trian Fund Management, has increased its stake in Disney to about 30 million shares, valued at roughly $2.5 billion, according to people familiar with the matter. A proxy battle between Nelson Peltz and Disney is brewing for the second time this year. It's been nearly a year since Bob Iger returned as Disney's CEO. Iger returned to Disney following a fallout with Bob Chapek, has handpicked successor.

Persons: Nelson Peltz, Peltz, It's, Bob Iger, Iger, CNBC's David Faber, Trian, Disney's, Bob Chapek Organizations: Alpha, Disney, Trian Fund Management, ESPN, Fox Locations: New York, Disney, Peltz

☆ Here's how the Club's energy stocks are responding to oil's move higher on geopolitical risk
▼ + stars: | 2023-10-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

To be sure, even with Monday's advance, oil prices remain well off their late September peaks. In addition to receiving a lift from crude's gain, Coterra is benefiting from the continued strength in natural gas. On Monday, natural gas futures rose another 1%, to around $3.37 per million British thermal units. Last week, natural gas surged 14% to reach its highest price since late January. The stock's massive outperformance Friday means that any financial benefit Pioneer would receive from Monday's higher oil prices was already captured in the session prior.

Persons: Morgan Stanley, Israel, Brent, WTI, John Kilduff, Jim Cramer, Jim, Pioneer's, CNBC's David Faber, Exxon's, Jim Cramer's, Richard Eden Organizations: Hamas, Natural Resources, Coterra Energy, West Texas, Brent, Gaza, CNBC, Energy, State Street Global Advisors, P Oil & Gas Exploration, Production, Exxon Mobil, Journal, Club, Exxon, Denbury Inc, Silhouette, Getty Locations: Palestinian, Israel, U.S, Palestinian Territories, Houston, Midland , Texas

☆ ‘Squawk on the Street’ crew react to September jobs report
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email‘Squawk on the Street’ crew react to September jobs reportCNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the September jobs report, which came in stronger than expected for the month.

Persons: CNBC’s Carl Quintanilla, Jim Cramer, David Faber

☆ David Faber: 30 Years at CNBC
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavid Faber: 30 Years at CNBCCNBC's 'Squawk on the Street' crew celebrates David Faber's 30 years with the network.

Persons: David Faber, David Faber's Organizations: CNBC

Members of the Writers Guild of America (WGA) and the Screen Actors Guild walk the picket line outside of Fox Studios in Los Angeles, California, on August 9, 2023. Film and TV production ground to a halt 100 days ago when writers downed their pens, only to be joined on the picket lines in mid-July by actors. Writers and producers are near an agreement to end the Writers Guild of America strike after meeting face to face on Wednesday, people close to the negotiations told CNBC. While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year. This appears to be the closest the two sides have come to a resolution since the more than 11,000 film and TV writers went on strike beginning May 2.

Persons: Television Producers, — Organizations: Writers Guild of America, Screen, Fox Studios, CNBC, WGA, Alliance, Television, Hollywood Locations: Los Angeles , California

☆ Stocks making the biggest moves premarket: FedEx, KB Home, Klaviyo and more
▼ + stars: | 2023-09-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

FedEx — Shares gained more than 5% after fiscal first-quarter earnings results that topped expectations. FedEx reported adjusted earnings of $4.55 per share, greater than the $3.71 forecast by analysts polled by LSEG, formerly known as Refinitiv. Its revenue of $21.7 billion was slightly below expectations of $21.74 billion. KB Home — The homebuilder stock fell more than 3% despite KB Home beating expectations in its third-quarter report. Klaviyo — The marketing automation company stock slid more than 1% after it made its public debut.

Persons: Klaviyo, Exane, CNBC's David Faber, Disney, LSEG, — CNBC's Brian Evans, Jesse Pound, Alex Harring Organizations: FedEx —, FedEx, LSEG, KB, New York Stock Exchange, BNP, Solutions, Starbucks, Netflix, Disney —, Writers Guild of America, Darden Locations: China

☆ Stocks making the biggest moves midday: Splunk, Cisco, Broadcom, Fox and more
▼ + stars: | 2023-09-21 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Cisco Systems , Splunk — Shares of Cisco fell 3.9% Thursday after the company said it is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion. KB Home posted its fiscal third-quarter report Wednesday evening, reporting earnings of $1.80 per share on revenue of $1.59 billion. Analysts polled by LSEG, formerly known as Refinitiv, called for earnings of $1.43 per share and revenue of $1.48 billion. Broadcom — Shares of Broadcom moved lower by almost 2.7%. Klaviyo — The marketing automation company stock closed Thursday roughly 2.9% higher.

Persons: Rupert Murdoch, Eli Lilly —, Klaviyo, Horton —, PulteGroup, Horton, Zillow, CNBC's David Faber, —, Alex Harring, Tanaya Macheel, Samantha Subin Organizations: Broadcom, Cisco Systems, Cisco, KB, LSEG, Fox Corporation, News, News Corp, Broadcom —, Google, CNBC, Klaviyo, New York Stock Exchange, Zillow, FedEx —, FedEx, Paramount, Netflix, Disney, Writers Guild of America, Wednesday Locations: San Jose , California

LOS ANGELES (AP) — Hollywood studios and striking screenwriters are resuming negotiations for the second consecutive day Thursday. The talks could potentially put an end to the nearly five-month dispute that has brought many film and television productions to a halt. He also said his sources warned that should the deal not close, the strike is likely to continue until the end of the year. The WGA strike is nearing record length. Should it continue through Sept. 30, it will be the longest in the union’s history and the longest Hollywood strike since 1945.

Persons: they’d, Bob Iger, Discovery’s David Zaslav, Universal’s Donna Langley, Ted Sarandos, David Faber, AMPTP Organizations: ANGELES, Hollywood, Alliance, Television Producers, Writers Guild of America, Warner Bros, CNBC, ”, WGA, Disney, Netflix, Warner Bros . Locations: ”

☆ TikTok, memes and Musk: Argentina election goes viral
▼ + stars: | 2023-09-21 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsTikTok, memes and Musk: Argentina election goes viralPostedJavier Milei has shot to the top of the polls in Argentina's presidential election race with the help of social media, influencers, and maybe even Elon Musk. Rachel Faber produced this report.

Persons: Javier Milei, Elon Musk, Rachel Faber Locations: Argentina

☆ SoftBank's Masayoshi Son says AI-fueled technology can surpass human intelligence 'big time'
▼ + stars: | 2023-09-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Artificial intelligence is capable of helping solve some of the world's biggest problems and could potentially surpass the intelligence of humankind, according to SoftBank's Masayoshi Son. "Mankind was the smartest animal on the earth — AI is going to surpass, and surpass big time." The SoftBank founder and CEO called himself a "big believer" in AI, adding that Arm is a "core" beneficiary of the AI revolution. Arm's initial public offering Thursday may bring an end to a nearly two-year-long drought in large-scale technology initial public offerings. I'm optimistic that AI is going to solve the issues that mankind couldn't solve in the past."

Persons: Masayoshi, SoftBank's, CNBC's David Faber, Mankind, Son, he's, —, Scott Schnipper Organizations: Arm Holdings, Nasdaq, Federal Reserve, University of California, Forbes, Yahoo Locations: Tokyo, Berkeley

☆ Arm is trading at a premium to Nvidia after IPO pop even though it's a 'no-growth company'
▼ + stars: | 2023-09-14 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Arm's Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. The UK-based chip design company saw its stock jump 25% to $63.59 after its IPO, lifting the company's fully diluted market cap to almost $68 billion. For now, there's not a big open market for Arm's stock. Of the $4.9 billion worth of shares SoftBank sold, $735 million were purchased by a group of strategic investors including Apple , Google , Nvidia, Samsung and Intel .

Persons: Rene Haas, Jay Ritter, there's, SoftBank, Masayoshi Son, We've, CNBC's David Faber, Matt Oguz, it's, —, Oguz, Kif Leswing, SoftBank's Masayoshi, Arm's Rene Haas Organizations: Nasdaq, Wall, Nvidia, Semiconductor, U.S, University of Florida, Apple, Google, Samsung, Intel, Venture Science, AMD Locations: New York, U.S

☆ Cramer's Mad Dash: Amazon's Jassy is 'back' and he's in his prime
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Mad Dash: Amazon's Jassy is 'back' and he's in his primeCNBC's Jim Cramer and David Faber discuss Cramer's thoughts on Amazon after a recent Morgan Stanley note.

Persons: Jim Cramer, David Faber, Morgan Stanley

☆ Watch CNBC's full interview with Softbank CEO Masayoshi Son and Arm CEO Rene on Arm's IPO
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Softbank CEO Masayoshi Son and Arm CEO Rene on Arm's IPOArm CEO Rene Haas and Softbank CEO Masayoshi Son sit down with CNBC's David Faber exclusively ahead of the company's blockbuster IPO. Together they discussed expectations for the public markets, China, business outlook and competition.

Persons: Masayoshi, Rene, Rene Haas, Masayoshi Son, CNBC's David Faber Locations: China

☆ Arm China 'doing well,' CEO says, even as SoftBank's Masa Son reduces China exposure
▼ + stars: | 2023-09-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

You can watch David Faber's interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son live on CNBC Pro. But SoftBank CEO Masayoshi Son, who made a fortune through Chinese juggernaut Alibaba , said SoftBank had reduced its "exposure in China" by a significant amount. Neither Arm nor SoftBank, which acquired Arm for $32 billion in 2016, directly control their China subsidiaries. Arm now only directly owns around 5% of Arm China, but the group still accounts for nearly a quarter of Arm's fiscal 2023 revenue, according to pre-offering filings. Son was focused on SoftBank's stake in Alibaba, which SoftBank has been reducing steadily over the last few years.

Persons: David Faber's, Rene Haas, Masayoshi, Masayoshi Son, Alibaba, SoftBank, Biden, Son, CNBC's David Faber, ByteDance Organizations: CNBC Pro, Arm, CNBC, Nasdaq, Intel, Nvidia, Vision, U.S Locations: China, Alibaba, SoftBank

☆ Cramer's Mad Dash: UBS initiates Ford as buy
▼ + stars: | 2023-09-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Mad Dash: UBS initiates Ford as buyCNBC's Jim Cramer and David Faber discuss the latest from the auto industry.

Persons: Dash, Jim Cramer, David Faber Organizations: UBS, Ford

☆ Watch CNBC's full interview with the 'Squawk on the Street' crew on Tuesday's market action
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with the 'Squawk on the Street' crew on Tuesday's market actionCNBC's Carl Quintanilla, Jim Cramer, and David Faber break down the latest news affecting markets.

Persons: Carl Quintanilla, Jim Cramer, David Faber

☆ Watch CNBC's full interview with Brookfield CEO Bruce Flatt
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Brookfield CEO Bruce FlattCNBC's David Faber sits down with Brookfield Asset Management CEO Bruce Flatt to talk about the company's business ahead of Investor Day and outlook for the economy.

Persons: Bruce Flatt CNBC's David Faber, Bruce Flatt Organizations: Brookfield, Brookfield Asset Management

Reuters GraphicsReuters spoke to four shareholders that have launched activist campaigns who said that some big consumer goods companies are ripe for executive changes after failing to impress. Reuters GraphicsMany large consumer goods companies generally hold low levels of debt and are cash generative, said André Medeiros, managing director and Alvarez & Marsal's EMEA consumer and retail leader. 'ADVOCATING FOR MANAGEMENT CHANGE'Gianluca Ferrari, founding partner of investor Clearway Capital, said his firm had some consumer companies on its radar but declined to name them. He did not identify specific executives nor disclose the nature of his work with consumer companies. In October, Reuters reported that Peltz had approached former CEOs of consumer goods companies as candidates for the Unilever top job.

Persons: Danone's, Emmanuel Faber, David Samra, Samra, Alvarez, Marsal, André Medeiros, Nelson Peltz, Artisan's Samra, We're, Peltz, Heinz, Gianluca Ferrari, Ferrari, Clearway, Glanbia, Faber, Bluebell, Nicolas Ceron, Ceron, underperformance, Kraft Heinz, KHC.O, Andrew Hayes, Russell Reynolds, John Long, Korn, Long, Alan Jope departure's, Unilever's, Graeme Pitkethly, Hein Schumacher, Heinz's, Bill Johnson, Nelson, Richa Naidu, Matt Scuffham, Daniel Flynn Organizations: Artisan Partners, Reuters, Danone, Evian, Unilever, Consumer Products, Reuters Graphics Reuters, Reuters Graphics, Marsal's EMEA, Billionaire, Artisan, Cadbury Schweppes, Heinz, Trian, Bluebell Capital, shareholders, Bluebell, Diageo, Russell Reynolds Associates, Thomson Locations: York, H.J, Frankfurt, Western Europe, North America

☆ A 'rolling recession' in the US could morph into a full-blown slump - and the Fed's unlikely to slash interest rates in 2024, top strategist says
▼ + stars: | 2023-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The US economy is in a "rolling recession" and a full-blown downturn looms, Liz Ann Sonders says. Charles Schwab's chief investment strategist doesn't expect a bunch of interest—rate cuts in 2024. "The leading indicators have absolutely imploded," Liz Ann Sonders, the chief investment strategist at Charles Schwab, said during a recent episode of "The Meb Faber Show." "We've never seen this kind of deterioration in leading indicators" outside of an ongoing recession, she added. Sonders was referring to The Conference Board's Leading Economic Indicators (LEI), which fell for a 16th straight month in July.

Persons: Liz Ann Sonders, Charles Schwab's, doesn't, Charles Schwab, Faber, We've, Sonders, that's, it's Organizations: Service, shouldn't, Conference, Federal Reserve, Avatar Associates Locations: Wall, Silicon

Search resuls for: "faber"

25 mentions found