ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBrian Chesky, Airbnb co-founder and CEO, joins ‘Squawk Box’ to discuss the rollout of new product updates, AI-powered customer service, integrating AI, state of travel, and more. Source link
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The Argentine peso reached fresh lows on Wednesday as political uncertainty failed to offset the impact of an an “unprecedented” billion-dollar support package from U.S. The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then. The purchases are part of an effort from the U.S. to stabilize the Latin American country’s depreciating currency ahead of Oct. 26 midterm elections faced by Argentina’s President Javier Milei — an ally of U.S. president Donald Trump. ARS= 1M line U.S. dollar/Argentine peso spot rate The two countries also signed a $20 billion currency…
Cfoto | Future Publishing | Getty ImagesBeyond Meat rallied for a third straight day Wednesday as meme traders jump on the stock.The food company known for its plant-based burgers and sausages surged 111% at one point in the premarket Wednesday. It last traded above $6.43 per share in extended trading, up 77%, after closing Tuesday at $3.62.It’s the latest in an extraordinary week for the stock. On Monday, the stock rallied more than 127% after Roundhill Investments, which develops thematic ETFs, added the name to its Roundhill Meme Stock ETF (MEME).That decision appeared to have the added effect of driving…
Deutsche Bank believes that AppLovin could extend its reign of dominance going forward. Analyst Benjamin Black initiated the mobile advertising stock at a buy rating and price target of $705, which implies an upside of 28% ahead for the stock. Shares of AppLovin have surged 71% this year and rose 1.4% in premarket trading Wednesday. APP YTD mountain APP YTD chart As a catalyst, Black pointed to AppLovin’s position as the dominant player within the mobile games’ user acquisition advertising space, adding that its moat has grown increasingly deep. He noted that the company currently has about 80% market share…
CNBC’s Steve Liesman joins ‘Fast Money’ to break down the latest results from CNBC’s All-America Economic Survey. Source link
Check out the companies making headlines before the stock market’s opening bell. Beyond Meat — The plant-based meat alternative company surged 90%, continuing its meme-fueled craze . The stock soared more than 140% on Tuesday, its largest ever one-day gain, after Beyond Meat signed a deal with Walmart to expand distribution. Earlier in the week, Roundhill Investments added BYND to its Meme Stock ETF (MEME) . Krispy Kreme — The donut chain soared 37% in premarket trading as meme stock trading activity continued to ramp up. Krispy Kreme shares jumped 14% Tuesday along with other speculative names, including Beyond Meat.…
Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBCThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. To be, or not to beBuzzy artificial intelligence startup Anthropic has found itself at odds with the White House over regulatory policy for the AI industry. CEO Dario Amodei jumped into the discourse yesterday to push back on claims that the company is “woke.”Here’s what to know:Anthropic has largely struck a…
A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany.Sean Gallup | Getty Images News | Getty ImagesGerman auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia.A spokesperson for Volkswagen told CNBC by email that while Nexperia is not a direct supplier of the company, some Nexperia parts are used in its vehicle components, which are supplied by Volkswagen’s direct suppliers.”We are in close contact with all relevant stakeholders in light of the current situation to identify potential…
Netflix third-quarter earnings missed expectations , and Wall Street analysts are split on the streamer’s path going forward. Shares of Netflix shed 6% in Wednesday’s premarket trading hours after the company reported earnings per share of $5.87, missing the $6.97 analysts polled by LSEG had forecast. The streamer blamed the weaker-than-expected result on an unexpected Brazilian tax dispute. Netflix’s third-quarter revenue rose 17% to $11.51 billion, and was in line with expectations. The company expects revenue to rise another 17% year-over-year in its fourth quarter on the back of pricing adjustments and continued membership and ad revenue growth. For its…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHarvey Kaye, executive chairman of U.S. Critical Materials, joins CNBC’s Fast Money to discuss how domestic rare-earth materials companies are navigating recent volatility and more.05:31Fri, Oct 17 20256:02 PM EDT Source link
