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Monthly Archives: February 2023

Disney has more upside thanks to Bob Iger’s turnaround plan

CNBC’s Jim Cramer on Thursday said that he’s bullish on Disney after the company announced a robust restructuring and cost-cutting plan.  “Disney finally feels like it’s back on track. While the stock’s already had a monster move since the beginning of the year, I’m betting it can have a lot …

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The Costco customer is younger and richer than ever—here’s why

Costco CFO Richard Galanti loves talking about that hot dog.  And it makes sense: $1.50 for a hot dog and a 20oz soda is a great deal and an even better sound bite. CNBC Make It has covered it many, many times. However, the headlines don’t totally reflect a demographic …

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Donald Trump’s Facebook, Instagram accounts reinstated

Former U.S. President Donald Trump speaks at the New Hampshire Republican State Committee’s Annual Meeting on January 28, 2023 in Salem, New Hampshire. Scott Eisen | Getty Images Former President Donald Trump now has access to his Facebook and Instagram accounts once again, parent company Meta confirmed to CNBC on …

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Jim Cramer says price stability is right around the corner

CNBC’s Jim Cramer on Thursday said the Federal Reserve is closer to winning its battle against inflation than Wall Street might believe. “Price stability … is right around the corner,” he said, adding that the Fed “just needs to be aware there’s really only one area of strength left in …

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FBI investigates Chinese spy balloon

FBI Special Agents assigned to the Evidence Response Team process material recovered from the High Altitude Balloon recovered off the coast of South Carolina. The material was processed and transported to the FBI Laboratory in Quantico, VA.  Courtesy: FBI The FBI is analyzing the remains of a Chinese spy balloon …

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General Motors, GlobalFoundries strike semiconductor deal

The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images General Motors has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced …

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SpaceX test fires Starship booster

SpaceX test fires engines in the towering rocket booster of its Starship prototype on February 9, 2023. Source: SpaceX SpaceX on Thursday test fired 31 of the 33 engines in the towering rocket booster of its Starship prototype, as the company prepares to launch the rocket to orbit for the …

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SEC commissioner breaks with SEC, Gensler on crypto regulation

Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty Images Hester Peirce of the Securities and Exchange Commission publicly rebuked her agency’s apparent crypto regulation by enforcement, asking if a “hostile” regulator …

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Bernie Sanders, White House pressure railroads on paid sick leave

A CSX freight train is seen in Orlando. Paul Hennessy | Lightrocket | Getty Images Railroad carriers were able to avoid the issue of paid sick leave in the deal Congress struck to avert a nationwide rail strike late last year, but the pressure is back on in Washington, D.C. …

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Jeep Wrangler SUV at $115,000 is most expensive ever

Rubicon 20th Anniversary Level II by American Expedition Vehicles (AEV) upfit for 2023 Jeep Wrangler Rubicon 392 Jeep CHICAGO – Jeep on Thursday revealed its most expensive Wrangler SUV ever, topping more than $115,000. The limited-edition vehicle is the 2023 Wrangler Rubicon 392 20th Anniversary with heavy-duty off-road parts customization …

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