Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Check out some of the biggest pre-sales drivers: Ford (F), General Motors (GM) – Ford fell 2.8% in pre-sale trading, while GM fell 3.4% after Wells Fargo doubled the rating of both shares to “small” from overweight “. Wales Fargo said that 2022 could be the peak of profits for old car manufacturers, with a … Read more

The price of bitcoin (BTC) is falling below $ 27,000 as cryptocurrency sales intensify

The price of bitcoin (BTC) is falling below $ 27,000 as cryptocurrency sales intensify

Bitcoin has fallen even further below the $ 30,000 mark as investors have fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin fell below $ 27,000 on Thursday, for the first time in more than 16 months, as cryptocurrency markets increased losses amid fears of rising inflation and the collapse of a controversial stable … Read more

Roblock CEO David Baszucki says reservations are turning

Roblock CEO David Baszucki says reservations are turning

Roblock CEO David Baszucki told CNBC on Wednesday that the company sees its bookings recovering in April after the company said earlier this week that they had fallen 3% in the March quarter. Reservations are the way the company describes the sale of its virtual currency, Robuk, which players use to buy digital items such … Read more

Rivian (RIVN) earnings in the first quarter of 2022

Rivian (RIVN) earnings in the first quarter of 2022

Production of Rivian R1T electric pickups on April 11, 2022 at the company’s factory in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it is still on track to produce 25,000 vehicles this year as it reported a jump in bookings and a loss … Read more

Wendy’s, Crispy Cream, Perrigo and more

Wendy’s, Crispy Cream, Perrigo and more

See companies that write before the bell: Wendy’s (VEN) – Wendy reported an adjusted profit of 17 cents per share, 1 cent below the estimate, with revenue and sales in the same store also lacking analysts’ forecasts. The restaurant chain sees a negative impact due to higher inventory and labor costs, and its shares fell … Read more

Terra UST stablecoin falls below $ 1; Luna cryptocurrency fell by 80%

Terra UST stablecoin falls below $ 1;  Luna cryptocurrency fell by 80%

Bitcoin, the largest cryptocurrency in the world, has fallen by over 50% since setting a high of almost $ 69,000 in November. Dan Kitwood Getty Images The two main tokens from the Terra combat crypto project are now in free fall. The UST, the so-called stabilcoin that is supposed to maintain the $ 1 bond, … Read more

The Pfizer agreement will help expand the range of migraine pills

The Pfizer agreement will help expand the range of migraine pills

Pfizer’s acquisition of migraine drug maker Biohaven Pharmaceutical is committed to expanding the reach of its franchise of peptides linked to the calcitonin gene (CGRP), CEO Vlad Coric told CNBC’s Jim Cramer on Tuesday. “There are still over 300,000 doctors in the United States who write for older triptans, and have not yet written for … Read more

Consumer prices in China are rising while Covid encourages the creation of food stocks

Consumer prices in China are rising while Covid encourages the creation of food stocks

Prices of fresh vegetables rose 24% year-on-year in April as consumers stockpiled to prepare for potential orders at home. The picture shows the delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao Afp | Getty Images BEIJING – Consumer and producer prices in China rose more than expected in … Read more

Fed’s Waller promises to tackle inflation, says 70s mistakes will not be repeated

Fed’s Waller promises to tackle inflation, says 70s mistakes will not be repeated

Christopher Waller, US President Donald Trump’s candidate for governor of the Federal Reserve, speaks during the affirmative hearing of the Senate Banking Committee in Washington, DC, USA, on Thursday, February 13, 2020. Andrew Harrer Bloomberg | Getty Images Federal Reserve Governor Christopher Waller promised on Tuesday that the rate-setting group would not make the same … Read more

Ken Griffin wins $ 8 million spaceless flight auction by donating seats

Ken Griffin wins $ 8 million spaceless flight auction by donating seats

Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard Rocket Landing (R) Reuters Ken Griffin, billionaire founder and CEO of the hedge fund Citadel, made a winning bid of $ 8 million at an auction on Monday for a place in space flight with Jeff Bezos’ Blue Origin. Bezos’ company donated two … Read more