Hormel Foods CEO Jim Snee told CNBC’s Jim Cramer on Thursday that his company is set up to do well as weight-loss drugs gain popularity, citing a varied “protein portfolio.” “No matter how you think about our portfolio, you’re going to encounter protein, which is a really important part of any diet program and especially … Read more
CNBC’s Jim Cramer reflected on the earnings season so far, saying investors shouldn’t judge stocks based purely on figures from a financial report. Instead, he said it’s wise to read beyond “negative headlines” to better predict a company’s performance. “You know what the biggest takeaway is?” he said, referring to earnings season. “It’s the way … Read more
A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the emergence of OpenAI’s text-to-video tool Sora. Speaking exclusively to CNBC … Read more
Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance‘s media merger will give back highly valuable cricket streaming rights to the U.S. firm in a country absolutely … Read more
Chinese automaker Geely unveils first model of its new Lynk & Co brand in Berlin. Ullstein Bild Dtl. | Ullstein Bild | Getty Images BEIJING — Companies from Nvidia to Huawei are chasing the market for in-vehicle tech as the electric car industry booms, with Ecarx emerging as a new contender. Since 2017, Chinese car … Read more
The Webull logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage will combine with SK Growth … Read more
Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country’s beleaguered property sector. … Read more
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters BEIJING — China is beefing up national security measures by … Read more
CNBC’s Jim Cramer on Tuesday told investors he’d like to see more transparency about Google-parent Alphabet‘s various ventures, saying a more streamlined approach to businesses would help the stock. “It’s time for Google, Alphabet — whatever, I don’t even care — to stop running as a skunkworks for all sorts of ideas that may or … Read more
In the wake of Nvidia‘s rapid ascension, CNBC’s Jim Cramer on Monday picked companies he thinks could have a chance at breaking $1 trillion in market capitalization. “There is no next Nvidia â it’s what we call at law school sui generis â and you might not see another story this strong for a generation,” … Read more
