Tag: business news
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Why America’s super rich have embraced the appeal of British soccer teams
American investors now control more than half the Premier League. CNBC examines why U.K. soccer clubs have become attractive long-term assets.
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Audi continues U.S. product push with three-row Q9 SUV
Audi sales have struggled in the U.S. over the last several quarters. The brand has been hit by tariffs and a market shift away from EVs. New product may help.
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SK Hynix second-quarter profit surges to a new high — but misses estimates
SK Hynix announced second quarter earnings on Wednesday, with profit reaching a record but still missing estimates. Revenue more than tripled year over year.
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Jim Cramer: How to avoid getting burned by parabolic stocks
CNBC’s Jim Cramer urged investors to take profits as stocks go parabolic, saying those explosive rallies often unravel just as quickly once momentum fades.
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Jim Cramer says it’s too soon to buy the dip in SpaceX. Here’s why he would wait
The “Mad Money” host said SpaceX’s looming lockup expiration makes him cautious on the hard-hit shares.
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Trump, DOJ ask Supreme Court to toss $83.3M defamation award to E. Jean Carroll
The Supreme Court recently rejected President Donald Trump’s bid to hear his appeal of another $5 million verdict in favor of Carroll.
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Microsoft short interest hits decade high ahead of Q2 earnings as AI spending raises new questions
There has been virtually no short covering ahead of Microsoft’s earnings report as bearish investors hold their positions.
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Elon Musk stocks take $1.5 trillion hit with fresh test in SpaceX lockup ahead
It’s been a rough month for Elon Musk, if there is such a thing for the world’s richest man.
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Kentucky Gov. Beshear calls on Mitch McConnell to prove he can serve or resign
McConnell’s prolonged absence could complicate the GOP’s narrow Senate majority and trigger an untested Kentucky vacancy process.
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44 states are aligned on one thing in their fight against prediction markets. It’s about sports wagering
The letter is part of the commission’s public comment period for the first draft of its proposed rule on regulating prediction markets.
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