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☆ Stocks making the biggest moves premarket: Designer Brands, Lands' End, Salesforce and more
▼ + stars: | 2022-12-01 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Dollar General (DG) – Dollar General slumped 6.1% in premarket trading after the discount retailer cut its annual forecast due to higher costs. Lands' End (LE) – The apparel retailer reported an unexpected quarterly loss. Salesforce (CRM) – Salesforce fell 7.4% in the premarket after the business software company announced that co-CEO Bret Taylor would be stepping down January 31, leaving Chairman Marc Benioff as the sole CEO. Five Below (FIVE) – Five Below rallied 9.3% in premarket trading in the wake of better than expected quarterly results. Splunk (SPLK) – Splunk staged an 8.1% premarket rally after the data management software company reported upbeat quarterly results and boosted its full-year forecast.

☆ Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more
▼ + stars: | 2022-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however. Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. The cloud data platform provider reported earnings that beat expectations but provided light revenue guidance, which sent the stock lower after-hours Wednesday. The company reported 29 cents of earnings per share on $645 million of revenue. The lingerie company reported earnings of 29 cents per share on revenue of $1.32 billion.

☆ More Cases, Policy Changes Are on the Horizon, DOJ’s New Fraud Section Chief Says
▼ + stars: | 2022-11-30 | by ( Dylan Tokar | ) www.wsj.com time to read: +4 min

The fraud section has at least two bribery-related settlements with corporations that it plans to finalize in the coming weeks, Mr. Leon said. Justice Department settlements typically require companies to undertake compliance reforms over a set period of time. A company’s chief executive and chief compliance officer will be required to sign at the end of that period the certification document, stating that the company’s compliance program is “reasonably designed to prevent and detect” future violations. A veteran of the fraud section, Mr. Leon previously served as a supervisor in its securities fraud unit beginning in 2011 and then briefly as its deputy chief before departing in early 2014. More policy changes are on the horizon, Mr. Leon said, including an update to the fraud section’s FCPA corporate enforcement policy.

☆ We've gained share in computing and networking, and are set up to perform in storage, says HPE CEO
▼ + stars: | 2022-11-30 | 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 EmailWe've gained share in computing and networking, and are set up to perform in storage, says HPE CEOAntonio Neri, Hewlett Packard Enterprise CEO, joins 'TechCheck' to discuss if the macroeconomy is less of a concern for him right now, how the company will look to position itself going forward and how he's working around getting stuck with inventory that's hard to move.

☆ Stocks making the biggest moves premarket: Hormel, Petco, CrowdStrike and more
▼ + stars: | 2022-11-30 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Earnings beat estimates, but sales came up short of Wall Street forecasts. Petco (WOOF) – Petco's adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. CrowdStrike (CRWD) – CrowdStrike plunged 17.6% in the premarket after the cybersecurity company's subscription numbers came in below analyst forecasts. NetApp (NTAP) – NetApp tumbled 10.9% in the premarket on a weaker than expected forecast from the cloud computing company, which reported better than expected quarterly earnings. Hewlett Packard Enterprise (HPE) – Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company reported record quarterly sales and issued strong revenue guidance.

☆ Stocks making the biggest moves midday: CrowdStrike, Horizon Therapeutics, Petco and more
▼ + stars: | 2022-11-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Otherwise, CrowdStrike beat estimates on the top and bottom lines in its most recent quarterly results. Petco — Shares of Petco jumped 12% after reporting third-quarter revenue that was slightly above Wall Street estimates. Workday — Shares of Workday jumped 12% after the company posted earnings results Tuesday that beat Wall Street expectations. Though earnings beat Wall Street estimates, revenue came up short. Biogen — Shares rose more than 3% after a new study on Biogen and Eisai's experimental Alzheimer's drug showed promising results.

REUTERS/Aly Song/File PhotoLONDON, Nov 29 - A look at the day ahead in U.S. and global markets from Mike Dolan. They also cheered a relaxation of regulations on developer fundraising that eases the smouldering property sector bust. A crackdown on demonstrations happened simultaneously, with Chinese authorities making inquiries into some protesters as police flooded the city's streets. Strikingly, hawkish Dutch central banker Klaus Knot also said forecasts of recession may be overdone and fears of "overtightening" policy were a "joke". His boss European Central Bank President Christine Lagarde said euro zone inflation, which is expected to ease this month but remain above 10%, has not yet peaked, encouraging speculation of another swingeing 75 basis point interest rate rise next month.

☆ Here’s how China’s COVID lockdown protests are sparking unrest across markets and rattling the global investing landscape.
▼ + stars: | 2022-11-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today we're going over what the ongoing protests in China mean for markets and investors. While the protests in China have been largely peaceful, some protesters have been met with violence from the authorities. Anti-government protests have erupted from Shanghai to Beijing as citizens rise up in opposition of China's zero-COVID policies. "Markets don't like bad news, and protests are bad news," Laffer told me on a phone call yesterday. China protests over lockdown measures could mean inflation gets stuck at 4%, according to Mohamed El-Erian.

☆ Stock futures are flat after major averages slide on Covid unrest in China
▼ + stars: | 2022-11-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. U.S. stock futures were flat on Monday night after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week. Growing frustration in mainland China over the country's zero-Covid policy weighed on markets around the world. On Monday, West Texas Intermediate crude futures briefly fell to their lowest point since last December. Fed Chair Jerome Powell is scheduled to speak at the Hutchins Center on Fiscal and Monetary Policy at Brookings on Wednesday.

☆ Another tech bubble bursts: 2022 has been brutal for Silicon Valley workers
▼ + stars: | 2022-11-27 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +28 min

Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. 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. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

☆ Tech giant HP says it will cut up to 6,000 jobs by 2025 as PC demand slumps
▼ + stars: | 2022-11-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Tech giant HP plans to cut 4,000 to 6,000 jobs by fiscal 2025. It's the latest tech company announcing big job cuts, after a hiring spree during the pandemic. HP posted an 11% drop its fourth-quarter revenues, as demand slumped from a pandemic peak. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Restructuring costs will amount to $1 billion over the three years, but HP expects to save $1.4 billion a year by the end of fiscal 2025.

☆ Morning Bid: COVID blues
▼ + stars: | 2022-11-22 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Anshuman Daga:A nationwide spike in COVID-19 cases in China is again the main talking point for weary global markets on Tuesday as Beijing shut parks and museums and more cities resumed mass testing. Last week finance minister Jeremy Hunt announced tax hikes and spending cuts to fix the country's balance sheet and its economic policy reputation after former prime minister Liz Truss's controversial "mini-budget". Brent crude futures steadied at $87.85 a barrel after plunging by more than $5 a barrel to 10-month lows. Still, Brent crude is up 13% so far this year, marking one of the strongest performances in any asset class. Concerns about Genesis follow the collapse of FTX, one of the world's biggest crypto exchanges, which has shattered investor confidence.

☆ Here are Friday's biggest analyst calls: Coinbase, Apple, Amazon, GM, Conagra, Pfizer & more
▼ + stars: | 2022-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Credit Suisse downgrades Hewlett Packard to neutral from outperform Credit Suisse said it sees too many macro headwinds for the stock. Credit Suisse names Ross a top pick Credit Suisse says the offprice retailer has the most "torque" to accelerate market share gains. "Strong 3Q updates from ROST /TJX reinforces our bullish thesis that Offpricers are quickly repositioning for accelerating market share and powerful EPS tailwinds as margins revert to pre-COVID levels starting in '23." Credit Suisse initiates Pfizer as outperform Credit Suisse said in its initiation of Pfizer that it likes the company's pipeline advances. " Credit Suisse initiates Eli Lilly as outperform Credit Suisse said in its initiation of Eli Lilly that it sees "upward revisions" from obesity sales.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). My mother was a smart economizer — she knew her financial priorities and focused on them. Following her example, I have never deprived myself but also don't waste money on big-ticket items. My dad taught me how to invest for the long termMy dad, meanwhile, was not only a saver, but an investor. We figured out that no one has a "market on the market," so to speak.

☆ Cloud-Security Startup Lacework Taps New CFO as It Weighs IPO
▼ + stars: | 2022-11-17 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Cloud-security business Lacework Inc. on Thursday named a finance chief with public-company experience as the startup lays the groundwork for an eventual initial public offering. He has also held senior finance roles at technology companies ServiceNow Inc. and Hewlett Packard Enterprise Co. At Lacework, Mr. Casey succeeds Mike Staiger, who stepped down in June. Lacework has ample cash from last year’s fundraising round and likely won’t need more capital for at least a couple of years, Mr. Casey said. Additionally, Mr. Casey is helping Lacework adjust its pricing model, for instance by offering customers a wider range of functionalities and price points. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

☆ BigID: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

All companies are now digital enterprises, regardless of sector, but for many years, data wasn't being managed in the best way possible for the privacy era. BigID's data intelligence platform is used by clients to proactively discover, manage and protect regulated, sensitive and personal data across their data landscape. Using machine learning and data, BigID can address data privacy, security and governance challenges across all different types of data for clients ranging from financial services to healthcare. The company, which raised $100 million in its Series D funding round that valued it at $1.25 billion, has investors that include ServiceNow , Hewlett Packard Enterprise , Salesforce , SAP and Splunk . The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).

☆ The former assistant to Jack Ma reveals the 'secret sauce' behind Alibaba's meteoric rise in a new book
▼ + stars: | 2022-11-02 | by ( Jonathan A. Knee | ) www.businessinsider.com time to read: +5 min

Brian A. Wong is a long-time Alibaba executive and former special assistant to Jack Ma, the company's founder. to Jack Ma, the company's founder. In a new book, Wong details Alibaba's management ethos and how it can be applied by others to achieve similar success. Brian Wong joined Alibaba as its first American employee shortly after meeting CEO Jack Ma in 1999, the same year the trailblazing e-commerce behemoth was founded. Like Steve Jobs, Jack Ma was haunted by the decline of once great technology companies like Hewlett Packard after the departure of their founding team.

☆ U.S. firm Safanad to co-invest $200 million in MENA education
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Oct 26 (Reuters) - Safanad, a New York-based private investment firm, will co-invest with Global School Management (GSM) $200 million in the education sector in the Middle East and North Africa, they said on Wednesday. They committed "to invest significantly beyond this to acquire, manage and develop multiple charter, online, early learning, and K-12 private schools independently and in partnership with regional governments," the firms said in a statement. GSM, set up in 2014 with Safanad as a founding investor, has more than 50,000 students in 165 schools and academies, mainly in the United States, Europe and Africa, the statement said. "We also hope to serve as a strategic partner to regional governments by cooperating with them in public private partnership initiatives," GSM CEO Ron Packard said in the statement. The firm announced the investment commitment at Saudi Arabia's FII investment conference.

☆ Morgan Stanley's Mike Wilson flags a key risk to earnings — and names the stocks to avoid
▼ + stars: | 2022-10-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Morgan Stanley believes U.S companies are facing an inventory problem — and it's a key risk to earnings. "The problem with inventory is two-fold: supply chain bottlenecks are clearing while demand, especially demand for goods, is slowing," Morgan Stanley strategists led by Michelle Weaver and Mike Wilson wrote in an Oct. 10 note. Morgan Stanley believes the inventory problem has now become a risk to earnings, with oversupply and lagging demand likely to weigh on companies' margins. However, although a broad problem for the market and for goods producing industries in particular, not all industries are impacted to the same degree, according to Morgan Stanley. The bank found that tech hardware and consumer retail companies are among the most at risk from excess inventory.

☆ Marc Andreessen on the best investment advice he's ever received and 4 other money insights
▼ + stars: | 2022-10-16 | by ( David Rubenstein | ) www.businessinsider.com time to read: +4 min

Marc Andreessen: From Warren Buffett, probably: Put all your eggs in one basket and watch that basket. Marc Andreessen: People read about something in the paper, see it on TV, and take a flyer without deeply understanding it. Marc Andreessen: For most forms of investing, the mistakes are the investments you make where you lose money. David Rubenstein: If somebody wants to be a venture capital investor, what would you like them to know most about the art of` venture capital investing? Marc Andreessen: It's an alchemy of understanding people, understanding technology, understanding markets.

☆ A NYFW show that couldn't quite bridge the chasm between the 'insular, and male' world of web3 and fashion
▼ + stars: | 2022-09-20 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +7 min

At New York Fashion Week, veteran designer Vivienne Tam showcased a metaverse-themed collection featuring various NFT characters. Kerry Chrapliwy — CEO of a marketing agency representing Gemini, a cryptocurrency exchange platform that co-sponsored the show — said web3 world has a reputation for being geeky, insular, and male, which needs to change. A divide became clear, though, despite the overlap between the fashion world and the NFT world — like being environmentally disastrous and needing disposable income to participate — their communities do not easily merge, even in a space dedicated to facilitating just that. They didn't seem to know about the NFT element of Tam's collection, didn't care, or both. Their jobs involve a combination of working with the clothes, with models, and in the case of this collection, with people in the NFT world.

☆ Trump often candidly criticized women politicians for their looks, saying Nikki Haley has a 'complexion problem' and claiming Nancy Pelosi got 'plastic surgery': book
▼ + stars: | 2022-09-18 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +2 min

Trump openly criticized Nikki Haley and Nancy Pelosi for their appearances, according to an upcoming book. And he said Pelosi is "an example of why women should be careful about plastic surgery," per the book. And he said he "would not pick Nikki Haley, his United Nations ambassador, as a running mate because she had a 'complexion problem.'" In 2020, for example, Trump shared a series of messages aiming insulting and sexist jabs at Hillary Clinton and Georgia Democrat Stacey Abrams. We're not going to have a socialist president, especially a female socialist president, we're not gonna have it, we're not gonna put up with it," Trump said.

☆ Un scafandru a povestit cum s-a salvat după ce a fost înghițit de o balenă: "Mi-am zis, asta e, voi muri"
▼ + stars: | 2021-06-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Un bărbat de 56 de ani din Statele Unite a povestit pentru cum a fost înghițit de o balenă cu cocoașă. Pentru a se elibera, americanul a început să se zbată pentru a-i transmite mamiferului că ceva nu este în regulă. Asta e, voi muri”, rememorează Packard, după ce a fost externat din spitalul Cape Cod. Pentru a se elibera, a început să se zbată pentru a-i transmite mamiferului că ceva nu este în regulă. Incidentele în care balenele cu cocoaşă înghit oameni sunt rare, mai scrie sursa citată.

Persons: Michael Packard, Michael Organizations: BBC Locations: Statele Unite

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