Author: News Room
Billionaire Jared Isaacman made history in space — again.On Thursday, Isaacman spent 10 minutes floating in the vacuum of space outside of a SpaceX capsule. Isaacman, the billionaire CEO and founder of payment processing company Shift4 Payments, is part of the first-ever all-civilian spacewalk — three years after he led a 2021 SpaceX mission as commander of the world’s first all-civilian mission to reach orbit.Both private space missions were funded for undisclosed sums by Isaacman, who boasts an estimated net worth of $1.9 billion, according to Forbes.”I decided I was going to go to space when I was 5 [years…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Comeback continues: The S & P 500 is rallying for the fifth session in a row, up nearly 4% this week and almost completely erasing all of last week’s brutal sell-off to start September. Tech stocks are the big winner, with semiconductor companies such as Nvidia , Broadcom and Advanced Micro Devices all posting double-digit percent gains this week. All three chipmakers are Club holdings. Jim Cramer said earlier Friday that…
It’s that time of year when many of those who have Part D prescription drug coverage experience sticker shock. Here is a sample of what’s happening with my clients. Can this be right? The $141 copay for my expensive eye drops just shot up to $520 and the costs for my other drugs dropped to between $0.75 and $4. Did I pick the wrong plan? After meeting the plan’s deductible, I have been paying $11 for one medication. This month, I got a bill for $201. Yes, unfortunately, these costs are likely correct and no, you probably didn’t pick the…
The Justice Department is expected to soon announce criminal charges against the Iranian government-backed hackers who carried out a hack-and-leak operation targeting former President Donald Trump’s campaign, four sources familiar with the matter told CNN. The criminal charges against the Iranian hackers could be unveiled as soon as next week, two of the sources said. The Iranian hackers stole internal Trump campaign documents and shared them with news organizations in an attempt to sow discord during the presidential election, according to US officials. The hackers breached the email account of longtime Trump ally Roger Stone to target campaign staff in…
US regulators have identified lapses in Wells Fargo’s anti-money laundering and financial crimes risk management practices, the latest compliance issue for the US bank. The Office of the Comptroller of the Currency, one of the main US banking regulators, said on Thursday that Wells, the fourth-largest US lender by assets, had agreed to take remedial steps. “We have been working to address a substantial portion of what’s required in the formal agreement, and we are committed to completing the work with the same sense of urgency as our other regulatory commitments,” Wells, said in a statement. Shres in the bank, which remains…
Farmer Bros. Co. (NASDAQ:FARM) Q4 2024 Earnings Conference Call September 12, 2024 5:00 PM ET Company Participants John Moore – President and CEOVance Fisher – CFO Conference Call Participants Gerard Sweeney – ROTH CapitalEric Des Lauriers – Craig-Hallum Capital Group Operator Good afternoon, and welcome to the Farmer Brothers Fiscal Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, this call is being recorded. Earlier today, the company filed its Form 10-K and issued its fourth quarter and full year earnings results press release, which is available…
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. But they adopt a slightly different parenting routine from your typical mom and dad: They play fetch with them and take them out for daily walks. These little ones are not their offspring, but “fur babies,” or “mao hai zi,” in Chinese, and the couple loves them so much they refer to them…
Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on fourth-quarter guidance that came up short.Here is how Adobe did for the quarter ending in August versus LSEG consensus estimates:Revenue: $5.41 billion vs. $5.37 billion expectedEarnings per share: $4.65 adjusted vs. $4.53 estimatedAdobe said it expected earnings per share between $4.63 and $4.68 on revenue of between $5.5 billion and $5.55 billion in the fourth quarter. Analysts polled by LSEG were expecting a forecast of $4.67 in earnings per share on $5.61 billion of sales.Adobe said…
Check out the companies making headlines in extended trading:Adobe — Shares plunged more than 10% after the software company issued soft guidance. Adobe issued a fiscal fourth-quarter revenue forecast in a range between $5.50 billion and $5.55 billion. Analysts polled by LSEG had estimated $5.61 billion in revenue. Guidance for adjusted earnings per share came in at $4.63 to $4.68 per share, while analysts had expected $4.67 in earnings per share. Meanwhile, third-quarter adjusted earnings and revenue beat estimates. Oracle — The cloud software company advanced nearly 6% after raising its revenue guidance. The company announced during its analyst day on…
Mortgage rates fell this week to the lowest levels in over a year and a half, but elevated rates and high home prices are still keeping would-be buyers and sellers out of the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.20%, down from the 6.35% reading of the past two weeks. The average rate on a 30-year loan was 7.18% a year ago. “Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since…
