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July 1, 2022

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Robinhood shares jump 12% and are halted on report FTX may be exploring a deal

CNBC
CNBC – For more and to sign up click here A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app.......

Health insurance premiums poised to jump next year for 13 million people unless Congress extends expanded subsidies for marketplace coverage

CNBC
CNBC – For more and to sign up click here The Good Brigade | Digitalvision | Getty Images If you get your health insurance through the government Health Insurance Marketplace, you may want to brace for higher premiums next year. Unless Congress takes action, enhanced premium subsidies — technically, tax......

Injury scare for Tajay Gayle in long jump

Reuters
Tokyo 2020 Olympics – Athletics – Men’s Long Jump – Final – Olympic Stadium, Tokyo, Japan – August 2, 2021. Tajay Gayle of Jamaica in action REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register KINGSTON, Jamaica, June 25 (Reuters) – Reigning world championship long jump gold medallist......

Olive Garden’s parent company Darden beats earnings estimates as sales jump

CNBC
CNBC – For more and to sign up click here An Olive Garden restaurant in Silverdale. Darden Restaurants, Inc. which owns Olive Garden and other restaurant chains is scheduled to report its fourth-quarter 2022 earnings on June 23. Toby Scott | Lightrocket | Getty Images Darden Restaurants‘ quarterly earnings and revenue beat......

Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years

CNBC
CNBC – For more and to sign up click here A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units.......

Mark Mobius shares tips on how investors can jump on India’s ‘incredible growth opportunity’

CNBC
CNBC – For more and to sign up click here India is now “emerging as something very exciting,” thanks in part to technology and government policies, according to Mark Mobius. “Right now, we’re focusing more and more on India,” Mobius, founding partner at Mobius Capital Partners, told CNBC’s “Squawk Box......

Wall Street bounces as growth, energy stocks jump

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register GS raises chances of U.S. recession to 30% over next year Kellogg jumps on decision to split into......

Shanghai kicks off new round of mass COVID testing, Beijing cases jump

Reuters
SHANGHAI, June 11 (Reuters) – China’s commercial hub of Shanghai began a round of mass COVID-19 testing for nearly all of its 25 million residents on Saturday as authorities seek to contain an outbreak tied to a popular beauty salon, while Beijing reported a spike in cases. Authorities have ordered......

Big landlords jump into the homebuilding business as demand for single-family rentals surges

CNBC Real Estate
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more......

Stocks slide, short-end yields jump on hot CPI print

Reuters
NEW YORK, June 10 (Reuters) – U.S. stock futures turned negative and European shares fell further on Friday after higher-than-expected U.S. consumer price data for May fueled inflation concerns and likely kept the Federal Reserve on track to aggressively hike interest rates. The consumer price index increased 1.0% last month......

Shares of Chinese EV maker BYD jump after exec says company is set to supply batteries to Tesla

CNBC
CNBC – For more and to sign up click here This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi’an plant. BYD is set to supply Tesla with batteries “very soon,” a senior company executive told a Chinese state......

Solar stocks jump after report that Biden administration will suspend tariffs

CNBC
CNBC – For more and to sign up click here SunPower equipment technicians install P-Series solar panel manufacturing technology at its manufacturing plant in Hillsboro, Oregon, November 7, 2018.  Steve Dipaola | Reuters Solar energy stocks soared in premarket trading Monday following a report that the Biden administration will suspend......

Salesforce shares jump on upbeat results in the face of tough economy

CNBC
CNBC – For more and to sign up click here Marc Benioff, CEO of Salesforce, at the WEF in Davos, Switzerland on May 25th, 2022.  Adam Galica | CNBC Salesforce shares jumped nearly 10% on Wednesday, after the cloud software vendor maker issued better-than-expected quarterly results and lifted its full-year......

Racist and Violent Ideas Jump From Web’s Fringes to Mainstream Sites

New York Times
On March 30, the young man accused of the mass shooting at a Tops grocery store in Buffalo surfed through a smorgasbord of racist and antisemitic websites online. On BitChute, a video sharing site known for hosting right-wing extremism, he listened to a lecture on the decline of the American......

Oil prices jump after EU leaders agree to ban most Russian crude imports

CNBC
CNBC – For more and to sign up click here EU leaders reached an agreement to ban 90% of Russian crude by the end of 2022. Joe Klamar | Afp | Getty Images Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude......

Home listings suddenly jump as sellers worry they may miss out on the red hot housing market

CNBC Real Estate
A For Sale sign is displayed in front of a house in Washington, DC. Stefani Reynolds | Afp | Getty Images Sharply higher mortgage rates have caused a sudden pull-back in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically. The supply......

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