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Shares of Trump Media & Technology Group have taken a nosedive, wiping out all gains since the company’s public debut. The stock’s value dropped by an additional 11% on Monday, leaving investors and market analysts scratching their heads.
⏲ 0:57 👁 6.5M
Cramer advised viewers to consider purchasing stock in Palantir on Thursday’s episode of CNBC’s Lightning Round. The data analytics company has been a topic of discussion among investors seeking potential growth opportunities.
⏲ 0:59 👁 220K
Lindsey Bell, a prominent financial analyst, has cast doubt on Jamie Dimon‘s track record with interest rate forecasts, referencing past predictions.
⏲ 0:54 👁 345K
Nvidia stock has fallen over 10% from its late March highs, correcting lower after a strong runup. Bank of America analysts say the recent sell-off doesn't change their bullish narrative on Nvidia. The firm remains confident in Nvidia's ability to maintain and gain market share in the AI chip space. BofA maintains its $1,100 price target, implying a 26% upside from current levels. Inflation, competition, volatility, and earnings season trimming drove the decline. Google and Intel's new chips pose a limited threat to Nvidia's dominance, in their view.
⏲ 0:40 👁 685K
In October 2023, Taylor Swift accomplished a feat no other musician had before: she became a billionaire primarily off of earnings from her music and performances. Three months later, Forbes named television tycoon Dick Wolf a billionaire, too, thanks to his estimated $1.9 billion (pretax) career earnings from producing shows like Law & Order and FBI.<br/><br/>The two entertainers bring even more star power to the Forbes World’s Billionaires list, which has seen an explosion in celebrity billionaires in recent years. Ten of the 14 A-listers on the ranking have become billionaires in the past four years, spurred by entertainers capitalizing on their brand and fame.<br/><br/>Most on this list have made their billions from their own entrepreneurship and ventures outside of their claim to fame. Pop star Rihanna, for example, built her fortune mainly from her stake in two billion-dollar companies, makeup brand Fenty Beauty, a joint venture with luxury giant LVMH, and lingerie maker Savage X Fenty. Jay-Z became hip hop's first billionaire thanks to two alcohol companies, D’Usse Cognac and Armand de Brignac Champagne. He sold a 50% stake in the latter to LVMH, and he also has stakes in Uber and Block, among other investments. Michael Jordan earned less than $100 million from his basketball career, but pocketed big bucks from Nike. Jordan had his biggest score in August, when he sold his majority stake in the Charlotte Hornets at a sky-high $3 billion valuation.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-worlds-celebrity-billionaires-2024-taylor-swift-kim-kardashian-oprah/?sh=32680c87276b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 3:14 👁 10.2M
Investors are bracing for a sharp fall in sales as luxury brands reveal their Q1 results. The anticipated decline is linked to weak demand from China, and Reuters reported that compared with last year, when COVID-19 restrictions were lifted in mainland China, a sales surge was resulting.
⏲ 1:11 👁 415K
Ark's flagship ETF, ARKK, fully divested Nvidia shares in January 2023 ahead of their AI-induced strong surge.<br/><br/>Cumulatively, Ark's funds now hold 61,038 Nvidia shares, valued at $53.18 million.
⏲ 1:7 👁 360K
The accounting equation is a fundamental principle in accounting that represents the relationship between a company's assets, liabilities, and equity. It is expressed as:<br/><br/>Assets<br/>=<br/>Liabilities<br/>+<br/>Equity<br/>Assets=Liabilities+Equity<br/><br/>In other words:<br/><br/>Assets represent what a company owns or controls. These can include cash, inventory, equipment, property, and investments.<br/>Liabilities are what a company owes to external parties. These can include loans, accounts payable, and other debts.<br/>Equity represents the owner's claim on the company's assets after all liabilities have been deducted. It includes contributed capital (such as investments by shareholders) and retained earnings (profits that have been reinvested into the business).<br/>The accounting equation must always remain in balance, meaning that the total value of a company's assets must equal the sum of its liabilities and equity. This principle forms the foundation of double-entry accounting, where every transaction must impact the equation in a way that maintains its balance.
⏲ 3:37 👁 30K
CNBC’s “Mad Money” host Jim Cramer recommended investors to keep Alphabet stock in their portfolios on Monday, pointing to the sustained success of the company’s search business and YouTube.<br/><br/>What Happened: Cramer initially intended to offload some stock from the CNBC Investing Club’s Charitable Trust due to potential threats to Google’s search business from new artificial intelligence query systems. However, positive analyst reports on the tech behemoth assuaged his fears, reported CNBC.
⏲ 1:3 👁 365K
The Permanent Subcommittee on Investigations will hold a hearing next Wednesday to examine Boeing’s safety culture. This follows allegations that the 787 Dreamliner, one of Boeing’s flagship aircraft, may not be safe to fly, reported Politico.
⏲ 1:21 👁 900K
Cramer, on Wednesday, drew a comparison between investor sentiment towards Musk and industry titan Warren Buffett, as reported by CNBC. He pointed out that while Buffett continues to be admired by investors, Musk is facing a backlash due to Tesla’s sinking stock value.
⏲ 1:6 👁 12.5M
Norfolk Southern Offers , Settlement to Resolve Lawsuits , Related to 2023 Derailment.<br/>Train operator Norfolk Southern has agreed to pay $600 <br/>million as part of a settlement to a class-action lawsuit as <br/>part of a February 2023 derailment in East Palestine, Ohio.<br/>Train operator Norfolk Southern has agreed to pay $600 <br/>million as part of a settlement to a class-action lawsuit as <br/>part of a February 2023 derailment in East Palestine, Ohio.<br/>Associated Press reports that the agreement, which would <br/>resolve all class action lawsuits within a 20-mile radius <br/>from the derailment, is still pending court approval.<br/>Associated Press reports that the agreement, which would <br/>resolve all class action lawsuits within a 20-mile radius <br/>from the derailment, is still pending court approval.<br/>According to the agreement, the settlement would also <br/>resolve personal injury claims within a 10-mile radius of <br/>the accident site for residents choosing to participate.<br/>According to the agreement, the settlement would also <br/>resolve personal injury claims within a 10-mile radius of <br/>the accident site for residents choosing to participate.<br/>On April 9, Norfolk Southern said that <br/>the settlement does not constitute an <br/>admission of liability or fault for the fiery crash.<br/>The East Palestine derailment has already cost <br/>Norfolk Southern over $1.1 billion, including <br/>$104 million in aid for residents and the town. .<br/>The East Palestine derailment has already cost <br/>Norfolk Southern over $1.1 billion, including <br/>$104 million in aid for residents and the town. .<br/>AP reports that while the company has promised <br/>to create a fund to help pay for the community's <br/>long-term health needs, that fund has yet to be created. .<br/>AP reports that while the company has promised <br/>to create a fund to help pay for the community's <br/>long-term health needs, that fund has yet to be created. .<br/>Norfolk Southern CEO Alan Shaw said that the railroad operator is, “becoming a more productive and efficient railroad. .<br/>There is still more work <br/>to be done to achieve <br/>industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.<br/>There is still more work <br/>to be done to achieve <br/>industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.<br/>The operator reported preliminary Q1 earnings of <br/>23 cents per share, reflecting the impact of the settlement and cleanup costs for the derailment.
⏲ 1:31 👁 830K
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