Markets

IAC slips as business slows at Angi and ad sales soften

IAC slips as business slows at Angi and ad sales soften

IAC said its second-quarter financial results put pressure on several key parts of its business. Leung Photography/Dreamtime Text size IAC: Shares bucked a broader market rally on Wednesday after the Internet and media holding company reported second-quarter financial results that showed pressure on several key parts of its business. In particular, IAC: provided a cautious …

IAC slips as business slows at Angi and ad sales soften Read More »

3 takeaways from the Investing Club “Morning Gathering” on Wednesday

3 takeaways from the Investing Club “Morning Gathering” on Wednesday

Each day of the week CNBC Investing Club with Jim Cramer holds a live stream “Morning Meeting” at 10:20 am ET. Here’s a recap of Wednesday’s key moments. Financials Win From Cooling Inflation Short Quotes: LIN, CRM, WYNN Disney Needs To Talk More Than Stream 1. Financials Are The Big Winners Today Stocks rose Wednesday …

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We expected more from AMD’s earnings, but nothing changes our investment thesis

We expected more from AMD’s earnings, but nothing changes our investment thesis

Advanced Micro Devices (AMD) reported better-than-expected second-quarter results Tuesday after the closing bell. Revenue increased 70% year-over-year to $ 6.55 billion, beating estimates by about $ 6.53 billion, according to FactSet. Adjusted gross margins increased 640 basis points year-over-year to 54%, exceeding expectations by approximately 53.5%. And adjusted earnings per share rose 67% yoy to …

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The way Wall Street courted Senator Kyrsten Sinema and preserved his multibillion dollar led to a cut in interest taxes

The way Wall Street courted Senator Kyrsten Sinema and preserved his multibillion dollar led to a cut in interest taxes

United States Senator Kyrsten Sinema (D-AZ) waits for an elevator to reach the Senate chamber at the United States Capitol in Washington, United States on August 2, 2022. Jonathan Ernst | Reuters Long before Senator Kyrsten Sinema, D-Ariz., Presented a massive spending bill that promised to create jobs, invest in clean energy and tax the …

The way Wall Street courted Senator Kyrsten Sinema and preserved his multibillion dollar led to a cut in interest taxes Read More »

Airfare prices cool as the summer travel season winds down.  What now?

Airfare prices cool as the summer travel season winds down. What now?

Passengers are seen at the Delta Air Lines check-in counter at Hartsfield-Jackson Atlanta International Airport on July 1, 2022, before the Fourth of July holiday in Atlanta, Georgia, July 1, 2022. Elijah Newgezh | Reuters Flights, believe it or not, are getting cheaper. Air fares fell a seasonally adjusted 1.8% from May to June, according …

Airfare prices cool as the summer travel season winds down. What now? Read More »

3 takeaways from the Investing Club “Morning Gathering” on Friday

3 takeaways from the Investing Club “Morning Gathering” on Friday

Each day of the week CNBC Investing Club with Jim Cramer holds a live stream “Morning Meeting” at 10:20 am ET. Here’s a recap of Friday’s key moments. Banks Could Benefit From Larger Rate Hike Eli Lilly’s Quarter Has Been Shortages, New Medicines Quick Mentions: STZ, AMZN, MRVL 1. Banks Could Benefit From Larger Rate …

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AMC Entertainment Planet ‘APE’ Preferred Stock Dividend.  Stocks slide after earnings.

AMC Entertainment Planet ‘APE’ Preferred Stock Dividend. Stocks slide after earnings.

Text size Investors will receive one preferred share for each share of common stock they own. Jeenah Moon/Bloomberg AMC Entertainment finally giving the “monkeys” what they want. The movie theater company tied its second-quarter earnings report with news that it is giving shareholders a special dividend of AMC Preferred Equity Units. AMC’s preferred stock will …

AMC Entertainment Planet ‘APE’ Preferred Stock Dividend. Stocks slide after earnings. Read More »