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☆ 3 takeaways from our daily meeting: Dow climbs, Meta miss, Club stocks reporting
▼ + stars: | 2022-10-27 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Dow climbs Earnings recap: META, HON, F, LIN Club names reporting after the bell 1. Dow stocks go higher Stocks rose Thursday, with the Dow Jones Industrial Average climbing more than 1% on news the U.S. economy grew by a 2.6% annual rate in the third quarter, beating the Dow Jones estimate of 2.3% growth. Earnings recap: META, HON, F, LIN One such company that has failed to properly manage its costs is Meta Platforms (META), which on Wednesday reported a third-quarter earnings miss and weak guidance, sending shares tumbling. Club names reporting after the bell Three Club holdings report results for last quarter on Thursday after the market closes.

☆ What Cramer is watching Thursday — Meta meltdown, Honeywell solid, Ford cash strong
▼ + stars: | 2022-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Horrifying free cash flow of less than $1 billion at the Club holding. Raised full-year adjusted free cash flow goal to $9.5 billion to $10 billion, a $3.44 billion increase. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ 3 takeaways from our daily meeting: Halliburton earnings beat, Club stocks in the news, TJX is best-of-breed
▼ + stars: | 2022-10-25 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. HAL earnings beat Club stocks making news: STZ, LIN TJX is a best-of-breed stock 1. HAL earnings beat Halliburton (HAL) beat earnings and revenue expectations in its third-quarter results, reported before the bell on Tuesday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ EU proposes matching UK move to boost 'dark' share trading, documents show
▼ + stars: | 2022-10-21 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

REUTERS/Alex GrimmLONDON, Oct 21 (Reuters) - A curb on "dark" or off-exchange trading of shares in the European Union should be completely removed to compete better with Britain, EU documents seen by Reuters showed on Friday. The documents set out the latest compromises among EU states on reforming the bloc's "MiFID" securities law to catch up with advances in trading technology and practices in markets. Dark trading currently is subject to two types of caps on volumes, and the European Commission has proposed removing one of them. The Czech Presidency of the EU is proposing the complete removal of the double volume cap, EU documents for meetings next week show. "This will allow for a dynamic and nimble approach, allowing price formation, sufficient transparency and leeway to react to situations within the EU (or in the UK)," the documents said.

Of course we had a gut feeling - the feedback we got from investors was very positive," Blume said, speaking next to a Porsche Taycan parked outside the Frankfurt stock exchange. Register now for FREE unlimited access to Reuters.com RegisterPorsche AG's solid market debut came despite broadly weaker stock markets following red-hot German inflation data. In an interview with Reuters, Blume brushed aside concerns about his dual CEO role, saying it was not unusual to lead a brand and a company simultaneously. Looking forward, the sports car brand was focused on solving the last remaining software issues created by delays in the collaboration with Volkswagen's Cariad unit, setting out distinct strategies for Eastern and Western markets, Blume said. "I would not rule out that we would have technology that first arrives in the Chinese market and is then rolled out in other markets," he added.

Volkswagen priced Porsche AG shares at the top end of the indicated range and raised 19.5 billion euros from the flotation to fund the group's electrification drive. Porsche AG stock was trading up 3% from the issue price of 82.50 euros at 1035 GMT. That lifted Porsche AG's valuation to 77.4 billion euros, close to the market capitalisation of Volkswagen as a whole, which is worth around 80.1 billion euros, and puts it ahead of rivals like Ferrari (RACE.MI). Shares in Volkswagen and holding firm Porsche SE (PSHG_p.DE), which owns a blocking minority in Porsche AG, were down 4.6% and 8%, respectively, as investors switched across. Up to 113,875,000 preferred Porsche AG shares, carrying no voting rights, were sold in the initial public offering.

Volkswagen priced Porsche AG shares at the top end of the indicated range and raised 19.5 billion euros from the flotation to fund the group's electrification drive. Porsche AG stock was trading up 2.5% from the issue price of 82.50 euros at 0854 GMT. Register now for FREE unlimited access to Reuters.com RegisterPorsche AG's solid start came despite broadly weaker stock markets as they braced for expected red-hot German inflation data. Shares in Volkswagen and holding firm Porsche SE (PSHG_p.DE), which owns a blocking minority in Porsche AG, were down 4.3% and 6.7%, respectively. Up to 113,875,000 preferred Porsche AG shares, carrying no voting rights, were sold in the initial public offering.

☆ The long, winding road to Volkswagen's Porsche IPO
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +5 min

October - Porsche SE says it holds stock and options that give it control of 74% of Volkswagen's votes and announces plans for a "domination" agreement. 2012July - Volkswagen agrees to buy the remaining 50.1% stake in Porsche AG from Porsche SE for about 4.5 billion euros. Porsche AG, the carmaker, is now fully owned by Volkswagen AG, while Porsche SE, which is controlled by the Porsche and Piech families, is Volkswagen's largest shareholder and holds a majority of voting rights. 2022February - Volkswagen and Porsche SE say they are examining a possible initial public offering of Porsche AG, under a proposed structure that would give Porsche SE a blocking minority in the eponymous carmaker. On Sept. 29, shares in Porsche AG start trading on the Frankfurt stock exchange at 84 euros apiece, above the issue price of 82.5 euros.

☆ Indicated demand for shares in Porsche AG exceeds full deal size - bookrunners
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. Indicated demand exceeded the full deal size, the bookrunners said, with one describing demand as "incredibly robust." Volkswagen (VOWG_p.DE) said this month it would price preferred shares in the flotation of Porsche AG scheduled for this Thursday at 76.50 - 82.50 euros per share, translating into a valuation of 70-75 billion euros. That would leave the luxury carmaker's market capitalisation below some investors' estimates of up to 85 billion euros, but far outstripping the 49-billion-euro price tag for rival BMW (BMWG.DE) and Mercedes-Benz's (MBGn.DE) 61 billion euros. ($1 = 1.0353 euros)Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray, Reporting by Lucy Raitano, Editing by Victoria WalderseeOur Standards: The Thomson Reuters Trust Principles.

☆ Demand for Porsche AG listing strong as retail investor subscription period begins
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA Porsche Taycan is displayed at a car show in Oslo, Norway, November 10, 2021. Indicated demand for the listing, due to take place on Sept. 29 at the Frankfurt Stock Exchange, exceeds the full deal size, the bookrunning said. It was too early for visibility on retail demand, they added. Total proceeds from the sale will be 18.1-19.5 billion euros and could help Volkswagen fund its electrification drive. Register now for FREE unlimited access to Reuters.com RegisterReporting by Matt Scuffham, Lucy Raitano in London, Victoria Waldersee in Berlin; Editing by Miranda Murray and Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

☆ Robert Shiller: Fed risks 'disgrace' if it doesn't control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they'll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ Robert Shiller: Fed risks ‘disgrace’ if it doesn’t control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they’ll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ Porsche IPO: Volkswagen targets 75 billion euro valuation
▼ + stars: | 2022-09-18 | by ( ) edition.cnn.com time to read: +2 min

Volkswagen is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany’s second-largest initial public offering (IPO) in history. Volkswagen (VLKAF) will price preferred shares in the flotation of Porsche AG at 76.50 euros to 82.50 euros per share, the carmaker said, translating into a valuation of 70 billion to 75 billion euros. As part of the listing, 911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares. Total proceeds from the sale will be 18.1 billion to 19.5 billion euros. A stock exchange prospectus is expected to be published on Monday, after which institutional and private investors can subscribe to Porsche shares.

Employees of German car manufacturer Porsche install the windshield of a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. Volkswagen will price preferred shares in the flotation of Porsche AG at 76.50 euros to 82.50 euros per share, the carmaker said, translating into a valuation of 70 billion to 75 billion euros. Up to 113,875,000 preferred shares, carrying no voting rights, will be placed with investors over the course of the IPO. Total proceeds from the sale will be 18.1 billion to 19.5 billion euros. A stock exchange prospectus is expected to be published on Monday, after which institutional and private investors can subscribe to Porsche shares.

☆ I used alcohol to cope with running a multimillion-dollar startup at 21. After getting the drunkest I've ever been at a work event, I resolved to get sober.
▼ + stars: | 2021-11-11 | by ( Kiera Fields | ) www.businessinsider.com time to read: +6 min

Dom McGregor dropped out of university to cofound Social Chain, an agency now worth $650 million. He decided to get sober after getting so drunk at a work event that his cofounder had to intervene. So we got rid of the website and doubled down on growing social-media assets. I stayed at Social Chain as the COO for four years after this, working alongside Steve. (Editor's note: In 2019, Social Chain merged with Lumaland AG and listed on the Frankfurt Stock Exchange.

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