Tag Archives: business

[ad_1] New York CNN  —  Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published reports and a bearish analyst’s call that slashes its share-price target to $1. In mid-afternoon trading, Carvana, best known for its auto vending machine concept, stands at about …

[ad_1] A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. Photographer: Mark Abramson/Bloomberg via Getty Images Mark Abramson | Bloomberg | Getty Images Hasbro is defending its strategy for its …

[ad_1] Washington owner Daniel Snyder on the sidelines before a game against the Chicago Bears at FedEx Field in 2019. Jonathan Newton | The Washington Post | Getty Images The NFL and the Washington Commanders misled the public about an investigation into decades-long misconduct in the team’s workplace, according to …

[ad_1] As investors deliberate over whether the Federal Reserve can navigate a soft landing, CNBC Pro identified stocks that are cheap even in a recession. Investors are concerned that a raft of growing recessionary signals could mean there is little the Fed can do to avoid a recession next year …

[ad_1] CNN  —  A growing number of reported threats to power infrastructure are under investigation following attacks on substations in the South and on the West Coast as electricity becomes a more critical need in winter. Even before the gun assaults Saturday in Moore County, North Carolina, wiped out power …

[ad_1] This image, taken in March 2021, shows the site where the new facility would be developed. Christopher Furlong | Getty Images News | Getty Images LONDON — Plans for a deep coal mine in the northwest of England were given the green light by the U.K. government, a decision …

[ad_1] Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of …

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 7, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks in a funk Wednesday was mixed for stocks. The …

[ad_1] Paramount Global: “Too cheap to believe. … I don’t know where it bottoms, but it sure isn’t close to the top.” Hasbro Inc: “I don’t like the earnings, and I think that Mattel‘s actually cheaper.” Citigroup Inc: “The book value is so different from where the common stock is, …

[ad_1] CNBC’s Jim Cramer on Wednesday told investors that they should take gloomy economic commentary from bank executives with a grain of salt.  “Don’t panic the next time you hear one of these bank CEOs say something terrifying — they don’t know the impact of their words,” he said, adding, …