Disney CEO Bob Iger is taking steps that should please investors

Disney CEO Bob Iger is taking steps that should please investors

Bob Iger began executing his new vision for Disney this week with a series of changes that should improve the entertainment giant’s fundamentals — and hopefully its stock price. When Iger returned as CEO of Disney in November 2022, he vowed to implement cost-cutting measures and clean up the House of Mouse. This week he … Read more

Petstocks are a hit after Covid lockdowns, says Jim Cramer

A Covid hangover is upon us, which means we’re just not doing the things we did during the lockdown, CNBC’s Jim Cramer said Friday. We’re buying fewer PCs and spending less on our homes – prioritizing travel and leisure instead. Pets can be subtle victims of the current “long on money, little time” spending mode, … Read more

The Best and Worst Stocks This Quarter in the Nasdaq-100, S&P 500, and Dow

A tumultuous first quarter came to a close Friday, with markets rocked by banking chaos and more rate hikes from the Federal Reserve. Still, the three-month trajectory has been particularly good for tech stocks, including chipmaker Nvidia . Indeed, the Nasdaq-100 — which includes the top 100 stocks of the Nasdaq Composite — outperformed all … Read more

DWAC, BBBY, NKLA and more

An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Kena Betancur | Corbis News | Getty Images Check out the companies making headlines during midday trading. Bed Bath & Beyond — Stocks continued to fall during Friday’s session, falling 22.8%. On Thursday, the company again warned … Read more

Micron stock tumbles after China says it will review chip sales in key market

Shares of Micron Technology plummeted Friday after Chinese regulators said they were launching a review of Micron products sold in the country, threatening a key market for the chipmaker. Cyberspace Administration of China, one of the country’s top technology regulators, said Friday it is conducting a cybersecurity review of products sold by Micron in China. … Read more

Virgin Orbit, Micron, Tesla, Nikola, BlackBerry and more stock movers

Virgin Orbit Holdings (ticker: VORB) fell 42.6% to about 20 cents after its aerospace launch said it would cut 85% of its workforce. The job cuts occurred “in light of the company’s inability to raise meaningful funding,” according to a filing. Virgin Orbit has been trying to raise additional funding since mid-March and has suspended … Read more

Stocks make the biggest moves premarket: BBBY, NKLA,VORB

An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Kena Betancur | Corbis News | Getty Images Check out the companies making headlines before the bell rings. Bed Bath & Beyond – Bed Bath & Beyond shares fell 2% before the bell, continuing to lose more … Read more

Bank of America’s Andy Sieg joins Citi as head of Global Wealth

Previously, Andy Sieg was president of Merrill Lynch Wealth Management, a position he held for six years. In his new role, he will be the head of Citi Global Wealth, reporting to Jane Fraser, Citi’s CEO. Sieg will begin his new role in September. Merrill Lynch veteran Andy Sieg is leaving Bank of America to … Read more

A recession may be on the way, but for now the signs are invisible

CNBC’s Jim Cramer said Thursday he’s still looking for the first sign of a recession, but that’s all everyone seems to be talking about. Unless you were fired from a technology company, or you work at Party City or Bed Bath & Beyond, “you’re probably doing pretty damn well right now,” Cramer said. CNBC’s Jim … Read more

Bitcoin traders pay attention to economic data to keep the crypto rally going

Bitcoin price is up less than 1% in the past 24 hours to $28,600, with the largest digital asset in recent trading briefly breaking above $29,100 — the highest level since last June, when the crypto crash accelerated to a relentless bear market. After around $16,500 at the start of the year, Bitcoin’s rally has … Read more