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Cnbc

All articles tagged with #cnbc

Trump Faces Live Fact Check Over Poll Brag

Originally Published 5 months ago — by HuffPost

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Source: HuffPost

During a CNBC interview, President Trump claimed he has the best poll numbers ever, despite most Americans disapproving of his performance, with his current approval rating at 44%. He insisted his support is high among Republicans and dismissed unfavorable polls as 'fake,' even though evidence suggests his overall support is lower.

Virginia Loses Top Business Ranking Amid Federal Cuts and CNBC Reassessment

Originally Published 6 months ago — by Cardinal News

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Source: Cardinal News

Virginia, once CNBC's top state for business, dropped to fourth place due to factors like federal workforce cuts, tariffs, and changes in ranking criteria, highlighting the complex interplay of federal policies, economic shifts, and political implications for the state's future competitiveness.

Wall Street Icon Art Cashin Passes Away at 83

Originally Published 1 year ago — by New York Post

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Source: New York Post

Art Cashin, a Wall Street veteran and UBS director of floor operations at the NYSE, has died at 83. Known for his market insights and regular appearances on CNBC, Cashin had a career spanning over 60 years, starting at Thomson McKinnon in 1959. He became a member of the NYSE at 23 and later joined PaineWebber, which was acquired by UBS. Cashin was also known for his daily newsletter, "Cashin’s Comments," and was a respected figure in the financial industry.

"Disney CEO Bob Iger Addresses Elon Musk Controversy and Defends Entertainment Mission"

Originally Published 1 year ago — by Mediaite

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Source: Mediaite

Disney CEO Bob Iger tried to deflect questions about Elon Musk's support for Nelson Peltz joining Disney's board of directors, emphasizing that Musk's comments have no relevance to the company. Iger also discussed the company's focus on entertainment over messaging and the need to stay out of culture wars. The interview came after Peltz failed to secure enough votes during a shareholders' meeting, with Musk publicly endorsing Peltz's candidacy.

"Walmart's Online Advertising Success Sparks Speculation About Costco's Future"

Originally Published 1 year ago — by CNBC

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Source: CNBC

Walmart's strong earnings and foray into online advertising have raised questions about how Costco will fare in the retail landscape. CNBC's Investing Club, led by Jim Cramer, is now providing a written update called the Homestretch, offering actionable insights for the last hour of trading on Wall Street.

"Jim Cramer: Big Tech Megacaps' Valuation Deserved"

Originally Published 1 year ago — by CNBC

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Source: CNBC

CNBC's Jim Cramer defends the high valuations of Big Tech megacap stocks, including Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla, stating that their trillion-dollar valuations are well-deserved due to their substantial revenue streams. He refutes comparisons to the dot-com bubble, arguing that these companies have nowhere to go but up and shouldn't be penalized for their dominance in the market. Cramer highlights the strong quarterly earnings of Apple, Meta, and Amazon as evidence of their justified valuations.

"Byron Allen's $14 Billion Bid for Paramount Global: A History of Media Bids"

Originally Published 1 year ago — by CNBC

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Source: CNBC

Byron Allen, founder and CEO of Allen Media Group, has offered $14 billion for Paramount Global, expressing confidence in his ability to finance the deal despite past unsuccessful bids for major media assets. Allen's history of making offers on significant media properties includes failed attempts to acquire Black Entertainment Television, VH1, television stations from E.W. Scripps, ABC, Disney's linear TV assets, and the Washington Commanders. His bid for Paramount is the most ambitious yet, as he aims to acquire the company for its linear networks amidst a shifting media landscape towards streaming. Despite Paramount's increased subscriber count on its streaming platform, Paramount+ has yet to turn a profit, and Allen believes he can manage the company's linear networks effectively. Shares of Paramount rose as talks of a potential deal intensified.

"Market Expectations and Lessons from Fed Rate Cuts: A 2024 Outlook"

Originally Published 1 year ago — by CNBC

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Source: CNBC

CNBC guests' predictions of six Fed rate cuts being priced into the 2024 market are based on market expectations and economic indicators, rather than just personal opinions. These forecasts are derived from a combination of data, including bond yields, inflation expectations, and options pricing, rather than being a pitch to support a bearish investment strategy.