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Investment strategy

Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO

by Adrian Jhonsan
Ackman selling stake in Pershing Square at .5 billion valuation, aiming for IPO

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Billionaire investor Bill Ackman is …

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Categories World

WTI monthly loss ahead of OPEC+ meeting

by Milton Acorn
WTI monthly loss ahead of OPEC+ meeting

An offshore oil platform is seen at sunset near Huntington Beach, California, on Feb. 9, 2024. David Mcnew | Getty Images U.S. crude oil was on pace Friday for its …

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Categories Science

CEO explains how Best Buy is preparing to sell AI-enabled computers

by Adrian Jhonsan
CEO explains how Best Buy is preparing to sell AI-enabled computers

Best Buy CEO Corie Barry told CNBC’s Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers. “We are, as you can …

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Categories World

Costco (COST) shares dip despite earnings beat. We see no cause for concern

by Adrian Jhonsan
Costco (COST) shares dip despite earnings beat. We see no cause for concern

Costco Wholesale ‘s third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter, …

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Categories World

Jim Cramer identifies 5 stocks that are buys right here, right now

by Adesola Mojo
Jim Cramer identifies 5 stocks that are buys right here, right now

Let’s say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here. Ideally, what I would like members …

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Categories Automobile

Consumers, businesses have turned cautious

by Adrian Jhonsan
Consumers, businesses have turned cautious

Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in …

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Categories World

Foot Locker leaves our penalty box as CEO Mary Dillon’s revamp takes hold

by Adrian Jhonsan
Foot Locker leaves our penalty box as CEO Mary Dillon’s revamp takes hold

Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon’s turnaround plan is starting to pay off. The sneaker retailer isn’t out of the woods …

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Categories World

Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago

by Milton Acorn
Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago

An Exxon gas station sign is seen in the Brooklyn borough of New York City, on Oct. 6, 2023. Michael M. Santiago | Getty Images Four years ago, Exxon Mobil’s …

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Categories Science

U.S. crude oil falls 3.2% in May, on pace for worst month of the year

by Milton Acorn
U.S. crude oil falls 3.2% in May, on pace for worst month of the year

An oil pumpjack is pictured in the Permian Basin in the Loco Hills regions, New Mexico, on April 6, 2023. Liz Hampton | Reuters U.S. crude oil was little changed …

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Categories Science

Wells Fargo CEO talks up reasons to love the stock — plus, why the market drop

by Milton Acorn
Wells Fargo CEO talks up reasons to love the stock — plus, why the market drop

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. Market …

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Categories Science
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