Shares of Truth Social owner Trump Media tumble after ex-president found guilty in NYC
Shares of Trump Media & Technology Group, which owns the social networking site Truth Social, plummeted on Thursday following former President Donald Trump’s guilty verdict in a hush money trial. A New York jury found Trump guilty of paying hush money to a porn actor who claimed the two had sex and falsifying business records […]
Kohl’s shares tumble after retailer reports sales slump, lowers forecast
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. Kohl’s shares plunged as much as 25 percent on Thursday after the retail giant reported an unexpected first-quarter loss and lowered its full-year earnings forecast. The department store chain reported a 5.3% drop in net […]
Boeing shares tumble after warning it will burn through cash in 2024
Boeing will burn rather than generate cash in 2024 and second-quarter deliveries will not increase, its chief financial officer said Thursday, as the company faces a full-blown crisis that is squeezing production of its best-selling planes. Chief Financial Officer Brian West said at Wolf Research’s Global Transportation and Industry Conference that Boeing now expects free […]
JPMorgan warns S&P 500 could tumble 20% by the end of the year
Joyce Fleming and Greg Piazza discuss how rising costs are forcing people back to work. of US Stock Market The stock hit a record high last week, but analysts at JPMorgan say problems could still arise. Marko Kolanovic, J.P. Morgan’s chief market strategist, has one of the most pessimistic forecasts on Wall Street. He and […]
NFL legend Jerry Rice ‘hot’ over Brenden Rice’s draft tumble, but confident son will prove doubters wrong
Jerry Rice is widely considered one of the greatest wide receivers in NFL history. Rice’s son Brenden Rice followed in his father’s footsteps and recently became an NFL receiver. The younger Rice finished his college football career with 1,821 receiving yards. He declared for the NFL Draft earlier this year, but was taken in the […]
Tyson Foods’ shares tumble 9% as inflation crimps meat demand
Meat processing giant Tyson’s stock price plunged more than 9% after the company said persistent inflation reduced consumer appetite for beef, pork and chicken purchases, weighing on second-quarter profits. It was the worst day for stocks since August. Melanie Bouldin, head of Tyson’s prepared foods business, said lingering inflation, which has kept interest rates at […]
Stocks tumble as inflation jumps, JPMorgan CEO Dimon’s warning and Masters fever
Claman Countdown panelists Stephen ‘Sarge’ Guilfoyle and Gerald Cassidy discuss ‘big finance’, local bank performance and military defense stocks. -Inflation heats up and the Federal Reserve stalls – Stocks fall broadly due to inflation and Fed concerns -JP Morgan CEO Jamie Dimon warns of two major economic risks -The truth about former President Donald Trump: […]
Wall Street sinks on rate worries as health care stocks and Tesla tumble
U.S. stocks are lower on Tuesday as concerns about interest rates remaining high continue to grip Wall Street. The S&P 500 fell 0.9% in afternoon trading, falling for the second time after hitting a new high at the close of last week. The Dow Jones Industrial Average also shrunk its all-time high, dropping 481 points […]
Isaiah Hartenstein blames Nets for NBA Draft tumble: ‘They red-flagged me’
Isaiah Hartenstein could be stripped of millions of dollars in guaranteed money after the Brooklyn Nets raised a “red flag” on him with a fake knee injury, pushing him to the mid-second round in 2017. He said it interfered with his draft status. “They raised a red flag about my knee. I’ve never had knee […]
Aramco pays nearly $100bn in dividends as profits tumble | Aramco
Saudi Arabia’s state-owned oil company Aramco paid out nearly $100bn (£77bn) in dividends, even though the company’s annual profits fell from the record profits it collected the previous year. The group, which is 82% owned by the Saudi government, said in its annual results that dividends to shareholders rose 30% to $97.8 billion in 2023. […]