Even as Covid restrictions lift, RV-maker Thor Industries is seeing sustained demand for outdoor living — and a growing order backlog, CEO Bob Martin told CNBC Tuesday. Thor’s backlog was worth $14.32 billion as of late April, the company said in its fiscal third-quarter report out Tuesday. That’s up 32.5% […]
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Wall Street Bets targets Wendy’s with new stock buying strategy, Jim Cramer says
CNBC’s Jim Cramer on Tuesday said the Wall Street Bets investing crowd is flexing its muscle on analysts after the online investing group sparked an unsuspecting rally in Wendy’s shares. The stock surged to a record after catching an endorsement in the popular Reddit forum responsible for big moves in […]
Capitol rioter Ashli Babbitt’s family sues for records on officer who fatally shot her
Tear gas is released into a crowd of protesters during clashes with Capitol police at a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress, at the U.S. Capitol Building in Washington, January 6, 2021. Shannon Stapleton | Reuters The family of Capitol […]
The FBI likely exploited sloppy password storage to seize Colonial Pipeline bitcoin ransom
The seal of the F.B.I. hangs in the Flag Room at the bureau’s headquarters. Chip Somodevilla | Getty Images The FBI’s breach of a bitcoin wallet held by the cyber criminals who attacked Colonial Pipeline is all about sloppy storage, and not a reflection of a security vulnerability in the […]
Stock futures are flat as S&P 500 remains range-bound near record
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Tuesday after Wall Street appeared range-bound near its record levels. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures also held steady. […]
Biden seeks new coalition for infrastructure bill as talks with key GOP senators fall apart
U.S. President Joe Biden departs after speaking in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, June 2, 2021. Samuel Corum | Bloomberg | Getty Images WASHINGTON – Negotiations between the White House and a small group of Republican senators over a bipartisan infrastructure bill have collapsed in […]
S&P 500 ends day flat as benchmark continues to hover near its record
The S&P 500 finished Tuesday’s session near the flatline as the benchmark once again failed to refresh its all-time high from May. The broad equity benchmark rose less than 1 point to 4,227.26, sitting 0.3% below its record high of 4,238.04 reached on May 7. The Dow Jones Industrial Average […]
As Clover Health joins the ‘meme stock’ trend, here’s what investors need to watch out for
d3sign | Moment | Getty Images Individual investors glued to social media helped push the shares of one new company name — Clover Health — up more than 100% on Tuesday. Yet when it comes to the broader markets, the question on many people’s lips now is, “What’s the next […]
‘Nothing changed overnight’ to make Wendy’s a better bet, trader says as stock sees Reddit interest
Retail traders are taking a fresh look at Wendy’s. Shares of the fast-food chain surged about 26% to records on Tuesday after a post in Reddit’s popular WallStreetBets forum pitched Wendy’s as “the perfect stock” for the group on account of its signature products and “effective” social media presence. It’s […]
Chipotle hikes prices to cover the cost of raising wages
A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Chipotle Mexican Grill has hiked menu prices by roughly 4% to cover the cost of raising its workers’ wages. Across the restaurant industry, chains such as […]