CNBC’s Jim Cramer on Tuesday suggested that sellers have been conspicuously absent on Wall Street, even as the market faces economic trends may have brought them out in years past. “Last year, we would’ve had sellers coming out of the woodwork,” he said. “Now, though, I think the short-sellers have […]
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After Chipotle’s solid earnings beat, CEO says the chain can double the number of locations
Chipotle CEO Brian Niccol told CNBC’s Jim Cramer that the company plans to double its current number of locations. “We really do believe we can double the restaurant count to 7,000,” Niccol said. “We view it as a conservative number, and we view it as something that’s very feasible in […]
No criminal charges expected in Biden classified documents probe: NBC
U.S. President Joe Biden takes questions from reporters on classified documents as he delivers remarks on the economy and inflation in the Eisenhower Executive Office Building in Washington, D.C., on Jan. 12, 2023. Kevin Dietsch | Getty Images News | Getty Images Neither President Joe Biden nor anyone else is […]
Silver set for a ‘terrific year’ and could outperform gold to hit a 10-year high
Bars of 100-ounce silver are stacked inside The Safe House, a vault operated by Silver Bullion Pte, in Singapore. Nicky Loh | Bloomberg | Getty Images This could be a banner year for silver, with prices potentially hitting a decade-high. Global silver demand is forecast to reach 1.2 billion ounces […]
Ford is reassessing its EV plans, including vertical battery integration
A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022. Michael Nagle | Bloomberg | Getty Images DETROIT — Ford Motor is rethinking its electric vehicle strategies, including “reassessing” the need for vertical integration of batteries, […]
Chipotle earnings crush estimates as restaurant traffic grows 7.4%
People visit a Chipotle restaurant in Miami on Feb. 9, 2022. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday posted quarterly earnings and revenue that beat analysts’ expectations as more customers visited its restaurants. Shares of the company rose more than 2% in extended trading. Here’s what the […]
ESPN, Fox and Warner Bros. Discovery to launch joint sports streaming platform this year
The Disney+ website on a laptop in Brooklyn, New York, on July 18, 2022. Gabby Jones | Bloomberg | Getty Images Walt Disney‘s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, giving consumers a new way to access marquee live sports for […]
Senate probe zeroes in on Harlan Crow tax deductions for superyacht used for Clarence Thomas vacations
Clarence Thomas, associate justice of the U.S. Supreme Court, listens during a ceremony on the South Lawn of the White House in Washington, D.C., U.S., on Monday, Oct. 26, 2020. Al Drago | Bloomberg | Getty Images WASHINGTON — Billionaire real estate executive Harlan Crow’s super yacht was registered with […]
Snap plunges 30% on revenue miss and light guidance, as company says Middle East war creates ‘headwind’
Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022. Benoit Tessier | Reuters Snap on Tuesday reported revenue that trailed analysts’ estimates and issued a forecast that came in […]
Sonos shares rise 12% on earnings and revenue beat
Patrick Spence, president and CEO of Sonos, speaks during a Bloomberg Technology Television interview in San Francisco on Feb. 11, 2019. David Paul Morris | Bloomberg | Getty Images Sonos shares rose over 12% in extended trading Tuesday after the speaker company reported fiscal 2024 first-quarter sales and earnings that […]