Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according to Dow Jones. That’s the fastest annual pace in 28 […]
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Stock futures open higher as investors await key inflation report
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening as investors eyed a key inflation report due out Thursday. Dow […]
Crowdstrike CEO on the evolution of ransomware: ‘It’s become big game hunting’
Crowdstrike CEO George Kurtz said Wednesday the cybersecurity firm has had to combat tougher challenges as adversarial hackers advance from simple online phishing scams to sophisticated ransomware attacks on large enterprises. “Now the adversaries are taking a page out of nation-state actors,” he told CNBC’s Jim Cramer. “It’s become big […]
Attorney General Garland vows billionaire tax leak to ProPublica will be ‘top of my list’ to investigate
US Attorney General Merrick Garland testifies before at a hearing of the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on the 2022 proposed budget for the Justice Department, on June 9, 2021, in Washington, DC. Susan Walsh | AFP | Getty Images Attorney General Merrick Garland told […]
Emma Coronel, wife of drug lord El Chapo, will plead guilty to helping him run Mexican Sinaloa cartel
Emma Coronel Aispuro, wife of Joaquin ‘El Chapo’ Guzman, arrives at the U.S. District Court for the Eastern District of New York, February 4, 2019 in the Brooklyn borough of New York City. Drew Angerer | Getty Images The wife of notorious drug lord Joaquin “El Chapo” Guzman has agreed […]
U.S. is in discussions with Moderna on buying Covid vaccine doses for other nations
A medical worker from Parrish Medical Center holds a vial of the Moderna COVID-19 vaccine at a drive through vaccination clinic for employees of Port Canaveral, workers at local hotels and restaurants, and residents of the Port Canaveral community. Paul Hennessy | LightRocket | Getty Images The U.S. government is […]
Clean Energy Fuels stock soars more than 30% as retail traders pick new targets
Clean Energy Source: Clean Energy A new day means new targets for the retail trading crowd. Shares of Clean Energy Fuels surged 31.5% to close at $13.02 on Wednesday, coinciding with mentions of the company jumping on internet chat boards. More than 129.3 million shares of Clean Energy Fuels changed […]
RH beats earnings, hikes outlook as retail rebound boosts high-end home goods; shares jump
Jason Kempin | Getty Images Entertainment | Getty Images Shares of the high-end furniture retailer RH surged in extended trading Wednesday after the company beat analysts’ profit and sales estimates for the fiscal first quarter. RH also hiked its full-year outlook, building on the momentum it’s seeing in the luxury […]
Virtu Financial CEO says meme stock frenzy not solely driven by ‘a band of retail traders’
The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities market […]
GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop said Wednesday that it has appointed former Amazon executive Matt Furlong as its new CEO. It has also picked another former Amazon executive, Mike Recupero, as […]