Cnbc - 17/05/2024 22:04

GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped

GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.

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Cnbc - World

Biden calls Trump response to guilty verdict 'reckless,' 'dangerous' at White House...

01/06/2024

GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales. President Joe Biden, who is set to face Donald Trump in November's presidential election, spoke after Trump's press conference on the verdict in New York. [Read more]

Philippine president says killing of a Filipino in South China Sea clash would be ‘very close' to act of war...

01/06/2024

Marcos was asked if a "red line" would be crossed if Chinese Coast Guard water cannons killed a Filipino sailor. [Read more]

Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day...

01/06/2024

Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public. [Read more]

The Fed's preferred inflation measure rose 0.2% in April, as expected...

01/06/2024

The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months. [Read more]

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Cnbc - Finance

Aston Martin gets a boost from Formula 1 and new high-performance models ...

01/06/2024

Aston Martin has overhauled manufacturing, shored up its financials and is now launching a fleet of new products defined by high performance. [Read more]

Pfizer's drug for advanced lung cancer shows promising long-term trial results...

01/06/2024

The company's medicine helped patients live longer without seeing their cancer progress, as most of them experienced that benefit for over five years. [Read more]

FDA approves Moderna's RSV vaccine for seniors, the company's second-ever product...

01/06/2024

The decision is a win for Moderna, which needs another revenue source amid plunging demand for its Covid vaccine, its only commercially available product. [Read more]

Retailers like Gap and Foot Locker had a strong week. That doesn't spell a consumer comeback...

01/06/2024

Gap profits were 9 times higher and Foot Locker beat estimates — unlikely winners in Q1 retail earnings. But, this says more about the companies than consumers. [Read more]

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