All articles tagged with #cnbc
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, 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.
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.
Comcast is planning to spin off its cable networks, including MSNBC and CNBC, into a separate entity. This move is part of a strategic restructuring to focus on its core broadband and streaming services.
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 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.
CNBC's ETF Edge, hosted by Bob Pisani, focuses on the rapidly growing trend of ETFs, with a panel of market experts providing educational and actionable advice every Monday to assist investors in building strong portfolios.
CNBC's Jim Cramer provided rapid-fire takes on 5 stocks in the news, offering his insights on their potential performance in the market.
CNBC's ETF Edge, hosted by Bob Pisani, focuses on the growing trend of ETFs in investing, with a particular emphasis on the remarkable flows in the semiconductor industry. The show features a panel of market experts providing educational and actionable advice to assist in building strong investment portfolios.
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, 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.
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.
CNBC explains that the recent market collapse on Wednesday was predicted months ago, as they had previously issued warnings about the potential downturn. The article highlights the importance of financial analysis and provides insights into the factors contributing to the market's decline.
CNBC's ETF Edge is a show dedicated to educating viewers about the growing trend of ETFs. Hosted by Bob Pisani, the show features a panel of market experts who provide actionable advice on building a strong investment portfolio. This episode focuses on the "perfect" emerging market.