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☆ Meta tumbles 12% on weak revenue forecast and Zuckerberg's comments on spending
▼ + stars: | 2024-04-25 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Meta shares tumbled 12% Thursday morning after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat. ET, wiping out roughly $161 billion in market cap from its $493.5 closing price before earnings on Wednesday. Meta expects second-quarter revenue of $36.5 billion to $39 billion. Barclays analysts maintained an overweight rating of Meta stock and lowered their price target to $520 from $550 in an investor note Wednesday. "If there is anything META has proven over the years, it's extremely good at executing during big platform shifts in tech, arguably the best," the Barclays analysts wrote.

Persons: Mark Zuckerberg, Bernstein, Zuckerberg, Michael Bloom Organizations: U.S . Capitol, Meta, JPMorgan, Barclays Locations: Washington , U.S

☆ Trump’s stock tumbles again after Truth Social announces it’s getting into streaming
▼ + stars: | 2024-04-16 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Investors in Trump Media & Technology Group’s stock are throwing in the towel. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business in which media behemoths like Disney have struggled to turn a profit. Although the company is still worth billions of dollars, it is struggling to make money and desperate for cash. A home for ‘suppressed’ contentThe streaming initiative didn’t give investors any reason to get enthused about the company. Truth Social said it spent the past six months testing its web, iPhone and iPad apps for live TV streaming, and it hopes to launch a content delivery network to stand up streaming apps for phones and tablets — and eventually smart TVs.

Persons: Donald Trump, “, ”, Devin Nunes, they’ll, Elon Musk’s, Musk, Trump Organizations: New, New York CNN — Investors, Trump Media & Technology, Disney, Trump Media, Truth, Republican Locations: New York, California

☆ ‘The Sympathizer’ review: Robert Downey Jr. heads down the rabbit hole of the Vietnam War
▼ + stars: | 2024-04-14 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —The fortuitous timing of having a series produced by and featuring newly minted Oscar-winner Robert Downey Jr. tumbles down a very strange rabbit hole in “The Sympathizer,” a darkly satirical look at the Vietnam War and its aftermath. Each episode begins with dated-looking credits that evoke the 1970s, a promising Quentin Tarantino-ish conceit that, given what follows, sets expectations too high. As constructed, it’s a rather heavy-handed approximation of the fate Vietnam experienced in the pull of the war, which doesn’t make the Captain’s increasingly surreal arc any more compelling. Strangelove,” assuming that was the intent, than a means of maximizing the star’s presence without really heightening its impact. “The Sympathizer” is hardly the first project to funnel the contradictions of the Vietnam War through an exaggerated lens (“Apocalypse Now” being a prime example), but except for a few bracing sequences the execution only clouds that vision.

Persons: Robert Downey Jr, Downey, can’t, Park Chan, ”, Don McKellar, Quentin Tarantino, Duy Nguyen, Fred Nguyen Khan, Peter Sellers, “ Dr, Strangelove, Sandra Oh, David Duchovny, “ Organizations: CNN, Viet Thanh, CIA, HBO, coy, Credit Downey, Warner Bros . Locations: Vietnam, Viet, Saigon, what’s, “

☆ Dow tumbles more than 300 points on fears of potential attack by Iran and inflation woes
▼ + stars: | 2024-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks slid Friday morning as Wall Street worried about escalating tension in the Middle East and sticky inflation. The US and Israel are on alert for a potential attack by Iran or its proxies after an Israeli strike in Damascus last week. The price of the most actively traded gold futures contract rose to roughly $2,432 a troy ounce. Elsewhere, fresh data showed that Americans’ attitudes toward the economy have dampened over the past few months as inflation stays stubborn. The University of Michigan’s latest consumer survey showed that sentiment largely held steady in April, according to a preliminary reading released Friday.

Persons: Dow, JPMorgan Chase, Jamie Dimon, ” Dimon Organizations: New, New York CNN, Nasdaq, Texas, Energy, Federal Reserve, JPMorgan, JPMorgan Chase, University of Michigan’s Locations: New York, Israel, Iran, Damascus, Gaza, Ukraine

☆ Morgan Stanley tumbles, GE Healthcare climbs — what's driving Thursday's major portfolio stock moves
▼ + stars: | 2024-04-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

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. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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. 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.

Persons: Jim Cramer, Stocks, Banks, JPMorgan Chase, Jamie Dimon, Morgan Stanley, Bausch, Jim, Jim Cramer's Organizations: CNBC, Club, Citigroup, JPMorgan, Securities and Exchange Commission, U.S, Appeals, Federal Circuit, Health, Jefferies, Xifaxan, Bausch Health, Costco, GE Healthcare, Mizuho, Broadcom, Apple, Nvidia, Jim Cramer's Charitable Locations: Wells Fargo, BlackRock

☆ Welcome to the 'tepid twenties,' a decade of sluggish growth and rising debt, IMF chief says
▼ + stars: | 2024-04-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

A decade of low growth and high debt is coming, IMF chief Kristalina Georgieva said in a Thursday speech. Medium-term global growth will reach just above 3% as productivity tumbles, the IMF estimates. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe world could soon sink into an era of depressed growth and spiraling debt, IMF managing director Kristalina Georgieva said in a speech delivered at an Atlantic Council event. "Without a course correction, we are indeed heading for 'the Tepid Twenties' — a sluggish and disappointing decade," she said Thursday.

Persons: Kristalina Georgieva, — Organizations: IMF, Service, Atlantic, Business

☆ It’s jobs week. Here’s what to watch for
▼ + stars: | 2024-04-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Welcome to jobs week. Fed Chair Jerome Powell said last week that a weakening labor market would be a reason to reduce interest rates. It’s hard to imagine that this jobs report will substantially move the needle on Fed policy, said Michael Brown, a senior research strategist at Pepperstone. The Conference Board’s February Consumer Confidence survey found that “Consumers’ appraisal of the labor market was more positive in March” than in previous months. The week ahead: While the main event this week is Friday’s jobs report, there’s plenty of other jobs data this week for traders to grab on to.

Persons: Jerome Powell, I’ll, nonfarm, ”, Dave Sekera, “, ‘, we’re, Goldman Sachs, Michael Brown, Powell, Brown, It’s, Donald Trump, Matt Egan, Trump, That’s, Natasha Chen Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Goldman, Labor, Stanford, Social, Trump Media & Technology Group, Trump Media Locations: New York, ”, California

☆ Deepwater's Gene Munster shares his bull case for Tesla
▼ + stars: | 2024-04-02 | 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 EmailDeepwater's Gene Munster shares his bull case for TeslaGene Munster, Deepwater Asset Management, joins 'Fast Money' to explain his bull case for Tesla as the stock tumbles on disappointing Q1 deliveries.

Persons: Deepwater's Gene Munster, Tesla Gene Munster, Tesla Organizations: Deepwater's, Deepwater Asset Management

☆ PVH's stock tumbles on weak revenue guidance
▼ + stars: | 2024-04-01 | 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 EmailPVH's stock tumbles on weak revenue guidanceZachary Warring, CFRA Equity Research Analyst, joins 'Closing Bell Overtime' to talk PVH earnings after the stock dropped significantly on results.

Persons: Zachary Warring Organizations: CFRA Equity Research

☆ CNBC Daily Open: Baltimore port shutdown a major disruption
▼ + stars: | 2024-03-27 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. India is one of the biggest markets for gold, which plays a key role in its culture. Scramble over port shutdownLogistics firms are left scrambling after the closure of the Port of Baltimore, one of the busiest ports in the U.S. Cocoa prices soarCocoa prices are surging and this could impact consumers as the world struggles with a supply deficit.

Persons: Yen tumbles, Dow, BlackRock's Larry Fink, Francis Scott Key, Richard Meade, Paul, Vahan Janjigian Organizations: CNBC, Nikkei, CSI, Nasdaq, Rabobank, Greenwich Wealth Management Locations: Seng, Blackrock, India, Port of Baltimore, U.S, Baltimore

☆ 17 crucial upgrades helped SpaceX finally get Starship to space without exploding
▼ + stars: | 2024-03-15 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

SpaceX's third test launch of its Starship mega-rocket went off without a hitch. SpaceX has made a series of upgrades to the rocket system that helped it finally reach space. As for Starship, SpaceX added three new angled liquid oxygen vents to the underside of the engine skirt that likely helped with attitude control. AdvertisementWhile this was the most successful Starship test launch to date, it didn't achieve all mission objectives. AdvertisementSpaceX officials said the company plans to complete at least six more Starship test flights this year, subject to regulatory approval, Reuters reported.

Persons: —, we've, Siva, Jonathan Newton, cowbell, Starship, it's, Kate Tice Organizations: SpaceX, Service, Federal Aviation Administration, Washington, Getty, FAA, Business, Super, NASA Spaceflight, SpaceX Quality Systems, Reuters Locations: Starbase, Boca Chica , Texas

☆ CNBC Daily Open: Another hot inflation gauge fuels worry
▼ + stars: | 2024-03-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Why Japan's wage talks matterJapan's "shunto" wage negotiations hit fever pitch this week as several corporate giants revealed salary increases. "I think the legislation should pass and I think it should be sold," Mnuchin told CNBC. [PRO] Look beyond NvidiaInvestment firm Fidelity International said investors should look beyond highfliers like Nvidia to ride the AI wave.

Persons: Dow, Steven Mnuchin, Mnuchin Organizations: CNBC, Nasdaq, Bank of, U.S, HSBC bullish, Nvidia Investment, Fidelity International, Nvidia Locations: U.S, China

☆ Will Starship explode again, or will it finally reach orbit? Watch the launch live and see for yourself.
▼ + stars: | 2024-03-13 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

SpaceX's Starship, the world's largest rocket, may launch toward orbit on Thursday. If Starship reaches orbit it will be a major spaceflight achievement. AdvertisementWatching a rocket launch is a thrilling experience. Watching SpaceX's Starship, the world's largest rocket ever, is even more exciting. Screenshot of SpaceX's Starship-Super Heavy rocket on launch pad.

Persons: —, SpaceX SpaceX's, Starship's Organizations: Service, SpaceX, Super, NASA Locations: Australia

Stocks retreated on Friday, closing out a turbulent week as Nvidia 's incredible run took a breather. The broad S&P 500 pulled back by 0.26% this week, while the blue-chip Dow and tech-heavy Nasdaq fell 0.93% and 1.17%, respectively. That decline marked the worst week for the 30-stock Dow since October. The artificial intelligence darling finished down more than 5% in its worst session since late May. Despite that breather, Nvidia shares still finished up more than 6% on the week.

Persons: Stocks, Sam Stovall, We've Organizations: Nvidia, Nasdaq, Dow Jones Industrial, Dow, CFRA Research

☆ New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion
▼ + stars: | 2024-03-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Reuters and the Wall Street Journal reported Wednesday that the bank was looking to outside investors for cash to shore up its balance sheet. fell more than 40% on Wednesday amid reports that the regional bank is seeking a cash infusion. A cash infusion would be the latest development in a turbulent start to the year for NYCB. The bank disclosed in late January that it was dramatically raising the allowance for potential loan losses on its balance sheet. The questions surrounding NYCB are reminiscent of those that swirled around Silicon Valley Bank, Signature Bank and First Republic before all three failed in the spring of 2023.

Persons: Alessandro DiNello, NYCB, DiNello Organizations: Reuters, Wall Street, CNBC, New York Community Bancorp, NYCB, Moody's, Silicon Valley Bank, Signature Bank, First Locations: Silicon, NYCB

☆ Dow tumbles more than 400 points as tech woes rattle Wall Street
▼ + stars: | 2024-03-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Stocks tumbled Tuesday with tech stocks leading the way, continuing to retreat from record highs set last week. The Dow fell 405 points, or 1%, after declining more than 500 points at its session lows. The S&P 500 slipped 1% and the Nasdaq Composite slid 1.7%. That comes after the Nasdaq Composite last week reached a new all-time high for the first time since 2021, while the S&P 500 also surged to a new record high. Other tech stocks fell.

Persons: Stocks, Dow Organizations: New, New York CNN, Nasdaq, Apple, Research, Bloomberg, Meta, Microsoft, Micron Technologies Locations: New York, China

☆ NYCB stock tumbles to lowest level since 1996
▼ + stars: | 2024-03-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of New York Community Bank (NYCB) fell 23% Monday, hitting their lowest level since 1996. The issues caused a $2.4 billion loss to shareholders last quarter, NYCB said. That caused the stock to plunge, bringing it to its lowest level since 1997. NYCB’s troubles are having a mixed effect on other regional bank stocks. Shares of Valley National Bank (VLY) closed 5.6% lower on Monday, while Zions Bancorporation (ZION) closed 1% higher.

Persons: NYCB, Alessandro DiNello, Zions Organizations: New, New York CNN, New York Community Bank, Fitch, Moody’s Investors Service, First Republic Bank, Silicon Valley Bank, Signature Bank, National Bank Locations: New York, Silicon, NYCB, ZION

☆ ‘Water for Elephants’ Brings the Circus to Broadway
▼ + stars: | 2024-02-25 | by ( Alexis Soloski | Peter Fisher | ) www.nytimes.com time to read: +1 min

At the sound of a gunshot, a performer, wreathed in white silks, tumbles from the ceiling. His body somersaults, over and over, faster and faster, until it hangs suspended, just above the stage floor. This scene, in the first act of “Water for Elephants,” a new musical that begins previews Feb. 24 at the Imperial Theater, portrays the death of an injured horse. And it captures the singular methods of the show — a synthesis of theater and circus, bedazzled for a Broadway audience. “In musicals, you talk until you have to sing and you sing until you have to dance,” Jessica Stone, the director of “Water for Elephants,” explained.

Persons: Jessica Stone, ”, Rick Elice, Sara Gruen’s, Jacob Jankowski, Grant Gustin, Gregg Edelman Organizations: Imperial, PigPen Theater

☆ Nvidia tumbles ahead of earnings report, providing an opening for new investors
▼ + stars: | 2024-02-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Nvidia shares were down sharply, one day before the leading artificial intelligence chipmaker's pivotal earnings report Wednesday evening. Tuesday's stock decline presents a great entry point for investors who don't own Nvidia, according to Jim Cramer. Investors who have been waiting for an opportunity to own Nvidia are getting one Tuesday, Jim said. Even for investors who have long owned the stock, Nvidia's decline Tuesday was welcome news. That is especially true if Nvidia's results and guidance don't surpass expectations at all.

Persons: Jim Cramer, Nvidia's, Jim, outperformance, it's, Jim Cramer's, Marlena Sloss Organizations: Nvidia, Investors, Nvidia's, Microsoft, Meta, CNBC, Bloomberg, Getty Locations: Santa Clara , California

☆ SolarEdge tumbles on weak first quarter guidance
▼ + stars: | 2024-02-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

SolarEdge 's stock tumbled Tuesday after the company gave weak guidance for the first quarter. Revenues: $316 million, vs. $354 million expected. SolarEdge reported a net loss of $162 million for the fourth quarter, or $2.85 per share, compared to a net profit of $20.8 million in the year-ago period. Excluding certain items, the company reported a loss of 92 cents per share for the quarter, beating the $1.17 loss per share expected by Wall Street. SolarEdge's posted revenues of $316 million for the quarter, down 65% from the $890.7 million in sales the company reported in same period in 2022.

Persons: SolarEdge, SolarEdge's, Zvi Lando, Lando Organizations: LSEG, Wall

☆ Hindenburg's latest short target Temenos rejects allegations as share price tumbles
▼ + stars: | 2024-02-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in Swiss software company Temenos were down over 6% on Friday afternoon, extending Thursday's losses when they closed over 28% lower. Temenos on Thursday released a statement saying its board of directors "fundamentally refutes" a report by short-seller Hindenburg Research. Temenos shares were down 6.1% at 1:17 p.m. London time, trading around 59.66 Swiss francs ($67.67). In its statement, Temenos said Hindenburg's report "contains factual inaccuracies and analytical errors, together with false and misleading allegations ... Its Adani report, published in early 2023, accused the company of "brazen stock manipulation and accounting fraud scheme over the course of decades."

Persons: Temenos, Hindenburg Research's, Hindenburg, Carl Icahn's Icahn, Adani Organizations: New York Stock Exchange, Hindenburg, CNBC Friday, Investment, Carl Icahn's Icahn Enterprises, Adani, Securities, Exchange Board Locations: London, Temenos, India

☆ Dow tumbles more than 400 points on hot inflation data
▼ + stars: | 2024-02-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat but stayed stubborn in January. That comes after the Dow Jones Industrial Average on Monday notched a record high close, while the S&P 500 retreated from its record high. The Dow slid 490 points, or 1.3%, Tuesday morning after falling more than 500 points at its session lows. The Consumer Price Index revealed that prices rose by 3.1% for the 12 months ended in January, according to Bureau of Labor Statistics data released Tuesday. Atlanta Fed President Raphael Bostic told CNN in an exclusive interview published Monday that he doesn’t see the Fed cutting rates until the summer.

Persons: Stocks, Dow, ”, Greg Wilensky, Janus Henderson, Chris Zaccarelli, Raphael Bostic, Carl Icahn Organizations: New, New York CNN, Dow Jones, Nasdaq, of Labor Statistics, Traders, Federal Reserve, Janus, Janus Henderson Investors, Fed, Independent, Alliance, Atlanta Fed, CNN, JetBlue, Hasbro Locations: New York

☆ How to fight dementia, according to neurologists
▼ + stars: | 2024-02-12 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +17 min

What about diabetes, cancer, thyroid disease, high blood pressure or heart disease? Some of the questions might seem unexpected to those who don’t write about brain health. However, my risk of developing vascular dementia, the second most common type after Alzheimer’s disease, is elevated. "Such spikes cause brain inflammation, disrupt brain metabolism and increase shrinkage of the thinking part of the brain," Isaacson said. The National Institute on Aging currently supports nearly 500 active clinical trials on Alzheimer’s disease and related dementias.

Persons: Louise Dittner, Krysta, Ryan LaMotte, It’s, ”, Natalia Rost, “, Rost, ” Rost, Richard Isaacson, ” Isaacson, mockingbird …, birthed, it’s, I’ve, Isaacson, Sandee LaMotte Organizations: CNN, Comprehensive, Massachusetts General Hospital, Harvard Medical School, American Academy of Neurology, Boca Raton, Weill Cornell Medicine, Presbyterian, Mayo Clinic, Volunteers, Alzheimer’s, National Institute on Aging, National Institutes of Health Locations: Massachusetts, Boston, neonatologists, Florida, United, New York, New York City, Nature

Tesla plungesElon Musk and Tesla shareholders are at a crossroads. Shares are down roughly 8 percent on Thursday in premarket trading after Wednesday’s lackluster year-end results. He asked investors to look beyond 2024, predicting a “major growth wave” fueled by a low-cost Tesla model that will be built partly in Austin, Texas, and Mexico. The latest stock fall comes after Tesla reported that fourth-quarter profit nearly doubled to $7.9 billion — largely thanks to a one-time tax break. The company also declined to give detailed full-year guidance, but said it expected sales growth to be “notably slower.”

Persons: Tesla, Elon Organizations: Tesla Locations: North America, Europe, China, Austin , Texas, Mexico

☆ Jacob Elordi dives headfirst into ‘Saturday Night Live’ hosting gig in new video
▼ + stars: | 2024-01-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Jacob Elordi is taking a step – and a bit of a tumble – toward preparing for his “Saturday Night Live” hosting debut in a new promo for the upcoming episode this weekend. After many hilariously feeble attempts, Elordi finally manages to take that step, but tumbles into a full face-plant right on the stage. Johnson and Hernandez are then seen fleeing the area, trying to pretend nothing happened. Splayed out on the floor, Elordi lifts his head just high enough to say, “I’m good!”The upcoming episode of “SNL” is the first show of 2024. Elordi will make his hosting debut alongside musical guest – and star of the new “Mean Girls” reboot – Reneé Rapp.

Persons: Jacob Elordi, he’s, Kim Kardashian, Zac Efron, Elordi, Punkie Johnson, Marcello Hernandez, Johnson, Hernandez, – Reneé Rapp, HBO’s, Booth, ”, Elvis Presely, Sofia Coppola, Priscilla ”, Emerald Fennell’s Organizations: CNN, SNL, NBC Locations: 8H

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