People queuing outside Shake Shack in London. Latest Covid-19 lockdown slams UK business owners. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Shake Shack — The fast food chain’s stock jumped more than 6% after the Wall Street Journal reported that activist investor Engaged Capital is planning…
Atlanta Federal Reserve President Raphael Bostic said Monday that he doesn’t foresee rate cuts at least through 2023, even if there’s a recession. “For me, inflation is job No. 1. We’ve got to get back to our target,” he told CNBC’s Steve Liesman during a “Squawk Box” interview. “If there’s going to be some cost…
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund manager Paul Tudor Jones believes the Federal Reserve has finished raising interest rates in its fight against inflation, and the stock market could grind higher this year. “I definitely think they are done,” Jones…
Sopa Images | Lightrocket | Getty Images Check out the companies making the biggest moves in premarket trading: Shake Shack – The fast food chain saw its stock gain nearly 4% after the Wall Street Journal reported that activist investor Engaged Capital is planning a proxy fight for three board seats at the company. Engaged…
Vice Media offices display the Vice logo in Venice, California. Mario Tama | Getty Images Once a digital media darling, Vice Media Group on Monday filed for bankruptcy protection after years of financial troubles. A consortium of Vice’s lenders which includes Fortress Investment, Soros Fund Management and Monroe Capital is looking to acquire the company…
The investor who ran the country’s biggest natural gas ETF said he believes prices have hit bottom. John Love, who managed the United States Natural Gas Fund, cites global demand and production dynamics for his bull case. “They’re [producers] looking to the future,” the U.S. Commodity Funds CEO told CNBC’s “ETF Edge” this week. “This…
Market Movers rounded up the best reactions from investors and analysts on Tesla after Elon Musk announced Twitter’s new CEO. The experts, including Jim Cramer , discussed the electric vehicle maker’s stock which initially popped on the news. Shareholders have been concerned that Musk was too distracted with his purchase of Twitter, and possibly neglecting…
Connie Black makes adjustments to the manufacturing line for the series 6 solar panels seen during a tour of a First Solar plant in Walbridge, Ohio, October 6, 2021. Dane Rhys | Reuters Check out the companies making the biggest moves midday: First Solar — Shares soared 22% after the solar company announced it is…
Dr. Philip Nathan Jefferson, of North Carolina, nominated to be a Member of the Board of Governors of the Federal Reserve System, speaks during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters Federal Reserve Governor Philip Jefferson will be…
JD.com has become the latest Chinese tech giant to announced plans for a ChatGPT-style product, joining the hype around the chatbot technology. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. News Corporation — Shares gained 4% after the media company reported an earnings and revenue beat. News…
