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Stocks

“Gap stock slides 18% after cutting sales guidance; CEO of Old Navy division to leave”

“Gap Inc. shares tumbled 18% in premarket trading Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it called “execution challenges” its Old Navy business, and announced the CEO of that division, Nancy… Continue Reading…

Business, Stocks

“Elon Musk decides not to join Twitter board, says CEO Parag Agrawal”

“Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced publicly Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his… Continue Reading…

Stocks

“CEOs And Corporate Insiders Have Sold A Record $69 Billion In Stock In 2021”

“EDITOR’S NOTE: If you are looking to spot trends in the stock market, following what “CEOs and corporate insiders” do is a good place to start. In 2021, these finance mavens are having a fire sale and taking as much… Continue Reading…

Business, Stocks

“Twitter CEO Jack Dorsey is expected to step down, sources say”

“Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock was up more than 5% on the news. Dorsey currently serves as both the CEO of Twitter and Square, his digital payments… Continue Reading…

Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…

Economy

“Former Cisco CEO says he is ‘not investing in China'”

“Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win… Continue Reading…

Banking, Economy

“Bank of America CEO Brian Moynihan says consumer spending is 20% higher this year than 2019”

“Transaction volumes on customers’ credit and debit cards and over the Zelle payment network has grown by 20% so far this year compared to this point in 2019, Moynihan told CNBC’s Becky Quick Monday on CNBC’s “Squawk Box.” The comparison… Continue Reading…

Business, Economy

“Lamborghini reports record profits in 2020, CEO teases electric future”

“Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging bull” of the… Continue Reading…

Business, Predictions, Opinions, & Comments

“Robinhood co-CEO says young traders see market downturns as buying opportunities for the long term”

“The young customers of Robinhood are actually smart, long-term oriented investors who recognized that the market sell-off in March was a buying opportunity, according to the zero commission pioneer’s co-founder. “What we’ve seen is they typically see volatility and market… Continue Reading…

Stocks

“Cancer Drug Bet Pays Off for Biotech CEO With 3,600% Stock Surge”

“When Jan Skvarka joined biotechnology firm Trillium Therapeutics Inc. as chief executive officer, he made a big bet to reshape the company and went all-in on a cancer treatment platform. Now, he’s reaping the rewards. It was the gamble of… Continue Reading…