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Cnbc

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Santelli’s On-Air Shock: Feb Jobs Report Undermines Trump’s Economic Narrative
politics1 month ago

Santelli’s On-Air Shock: Feb Jobs Report Undermines Trump’s Economic Narrative

A CNBC on-air moment turned sour as Rick Santelli reacted to the Bureau of Labor Statistics’ February jobs report showing a 92,000 jobs loss and unemployment ticking up to 4.4%, with revisions downgrading January and December figures. The labor-force participation rate also lagged expectations, highlighting a softer labor market and complicating President Trump’s economic messaging amid rising gas prices tied to Iran tensions.

Wall Street Icon Art Cashin Passes Away at 83
business1 year ago

Wall Street Icon Art Cashin Passes Away at 83

Art Cashin, a Wall Street veteran and UBS director of floor operations at the NYSE, has died at 83. Known for his market insights and regular appearances on CNBC, Cashin had a career spanning over 60 years, starting at Thomson McKinnon in 1959. He became a member of the NYSE at 23 and later joined PaineWebber, which was acquired by UBS. Cashin was also known for his daily newsletter, "Cashin’s Comments," and was a respected figure in the financial industry.

"Disney CEO Bob Iger Addresses Elon Musk Controversy and Defends Entertainment Mission"
business2 years ago

"Disney CEO Bob Iger Addresses Elon Musk Controversy and Defends Entertainment Mission"

Disney CEO Bob Iger tried to deflect questions about Elon Musk's support for Nelson Peltz joining Disney's board of directors, emphasizing that Musk's comments have no relevance to the company. Iger also discussed the company's focus on entertainment over messaging and the need to stay out of culture wars. The interview came after Peltz failed to secure enough votes during a shareholders' meeting, with Musk publicly endorsing Peltz's candidacy.

"Jim Cramer: Big Tech Megacaps' Valuation Deserved"
finance2 years ago

"Jim Cramer: Big Tech Megacaps' Valuation Deserved"

CNBC's Jim Cramer defends the high valuations of Big Tech megacap stocks, including Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla, stating that their trillion-dollar valuations are well-deserved due to their substantial revenue streams. He refutes comparisons to the dot-com bubble, arguing that these companies have nowhere to go but up and shouldn't be penalized for their dominance in the market. Cramer highlights the strong quarterly earnings of Apple, Meta, and Amazon as evidence of their justified valuations.