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June 13, 2021

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Airport security company CLEAR files to go public as post-pandemic travel picks up

CNBC
CNBC – For more and to sign up click here Clear principals Ken Cornick and Caryn Seidman-Becker. Clear CLEAR, the company best known for helping travelers zip through airport security lines, filed its IPO prospectus on Monday, and indicated that business is picking up as vaccinations increase. Revenue at the......

Cybersecurity company SentinelOne files to go public with 108% revenue growth year-over-year

CNBC
CNBC – For more and to sign up click here SentinelOne co-founder and CEO Tomer Weingarten. SentinelOne Cybersecurity company SentinelOne filed its IPO prospectus with the Securities and Exchange Commission on Thursday, and plans to list on the New York Stock Exchange under the ticker symbol S. In the three months ending......

Alibaba rival JD raises more than $10 billion through stock offerings in a single year

CNBC
CNBC – For more and to sign up click here Workers load packages into delivery carts at a JD.com distribution center in Beijing on July 16, 2020. GREG BAKER | AFP | Getty Images BEIJING — In less than a year, Chinese e-commerce giant JD.com has raised more than $10......

Watch live: The nation’s top bank CEOs testify before Congress

CNBC
CNBC – For more and to sign up click here [The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] The chief executives of the nation’s biggest banks kick off two days of congressional testimony......

Stock futures rebound cautiously amid economic optimism, bitcoin comeback

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher after the market stalled Tuesday, with major indexes ending the regular......

Bank of America ‘willing to pay what it takes’ to hire best talent, CEO says

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CNBC – For more and to sign up click here Bank of America wants to attract and retain the best talent, and the bank is willing to pay extra for it, CEO Brian Moynihan said Thursday. “We want that kind of talent in our company and we’re willing to pay......

Space tourist guides and leisure time planners: These are the jobs of the future

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CNBC – For more and to sign up click here WEF data showed that nearly two-thirds of children now starting school will work in jobs that have not even been invented yet. Klaus Vedfelt | DigitalVision | Getty Images More than 100 million workers in 8 countries alone might need......

Copper is ‘the new oil’ and low inventories could push it to $20,000 per ton, analysts say

CNBC
CNBC – For more and to sign up click here A worker labels copper products at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam August 11, 2017. Kham | Reuters The world risks “running out of copper” amid widening supply and demand deficits, according to Bank......

Berkshire Hathaway’s operating earnings jump, Buffett continues to buy back stock

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CNBC – For more and to sign up click here Warren Buffett. Gerald Miller | CNBC Berkshire Hathaway‘s operating earnings rebounded as the conglomerate’s businesses recovered from the pandemic hit. Chairman Warren Buffett kept buying back Berkshire shares aggressively in the first quarter, but at a slightly slower pace. Berkshire......

Cramer bemoans lack of earnings momentum in stocks: ‘It’s starting to bother me’

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Wednesday gave his prognosis on the market as many stocks failed to gain trading traction after positive quarterly reports. “Most stocks simply aren’t getting much pin action now for what they do, in part because, well,......

Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner’

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CNBC – For more and to sign up click here Citigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns. One of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring......

The new U.S. plan to rival China and end cornering of market in rare earth metals

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CNBC – For more and to sign up click here A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, January 30, 2020. Steve Marcus | Reuters The United States has made previous attempts to reemerge as a dominant player......

Concerns over inflationary pressure on earnings will test stocks in the week ahead

CNBC
CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in......

Morgan Stanley is set to report first-quarter earnings – here’s what the Street expects

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CNBC – For more and to sign up click here James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report first-quarter earnings before......

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

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CNBC – For more and to sign up click here Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer,......

Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves

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CNBC – For more and to sign up click here Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported on Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan loss reserves as fewer......

Banks’ biggest concern could also be an investor opportunity: Miller Tabak

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CNBC – For more and to sign up click here Big bank earnings are underway. Wells Fargo, Goldman Sachs and JPMorgan all beat earnings estimates Wednesday morning. This comes ahead of reports from Citi and Bank of America before the bell Thursday. Matt Maley, chief market strategist at Miller Tabak,......

Earnings season should boost hot financial stocks, RBC’s top bank analyst predicts

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CNBC – For more and to sign up click here One of the year’s hottest trades may get a boost from earnings season. RBC Capital Markets’ Gerard Cassidy expects financials to exceed Wall Street expectations when they start reporting this week. “The big beats are likely to come from the......

Earning season is about to get underway and that could be a positive catalyst for stocks

CNBC
CNBC – For more and to sign up click here A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected......

AmEx’s purchase of online lender Kabbage left desperate PPP borrowers in the cold

CNBC
CNBC – For more and to sign up click here Close-up of logo for finance company Kabbage on paper on a light wooden surface, June 13, 2019. Smith Collection/Gado | Archive Photos | Getty Images When the pandemic shut down Dawn Lindsay’s family carpet cleaning business last year, the U.S.......

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