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Ex-TD Ameritrade CEO Joe Moglia warns meme inventory merchants about leverage
Joe Moglia, former CEO of online trading platform TD Ameritrade, issued a stern warning Thursday against using leverage to try to outperform meme stocks. “My biggest concern is what’s going on with the individual investor who is using borrowed money to trade more than they did,” Moglia told CNBC’s “Squawk Box” when AMC Entertainment stocks…
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Watch SpaceX livestream of CRS-22 launch with NASA cargo
[The livestream has ended. A replay is available above.] SpaceX sent the latest cargo mission for NASA to the space station on Thursday, with Elon Musk’s company completing its 17th launch this year. The company’s Falcon 9 rocket took off at 1:29 p.m. EDT from Kennedy Space Center in Florida. The mission, called CRS-22, has…
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Power large Orsted to get better, reuse or recycle turbine blades
Alan Graf | Cultura | Getty Images Denmark’s Orsted said Thursday it would “reuse, recycle, or recover” all turbine blades in its worldwide portfolio of wind farms once they’re decommissioned. The world’s largest offshore wind farm developer said it had “a clear responsibility to help find solutions to the challenge of recycling blades.” The issue…
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AMC strikes to promote 11 million shares – shares make huge income immediately
AMC Entertainment announced Thursday that it plans to sell more than 11 million shares amid the trading frenzy in its stock. “Subject to the terms of the distribution agreement, we may from time to time offer and sell through our sales agents up to a total of 11,550,000 shares of our Class A common stock,”…
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Mattress Bathtub & Past’s inventory rose 60% as turnaround plans advance
Bed Bath & Beyond shares rose more than 60% on Wednesday as a number of so-called meme stocks rose. The stock was in positive territory after the retailer announced it would launch three own brands this quarter, which was a key element of its turnaround strategy ahead of schedule. However, the stock continued to gain…
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Investing in AMC, meme shares can really feel like a recreation. Methods to not lose
Mario Tama | Getty Images AMC Entertainment’s stock continued its wild ride Wednesday, with the price per share rising more than 100% and prompting a halt in its trading several times. AMC is one of several so-called meme stocks that have seen a surge in interest from individual investors this year, along with names like…
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Kentucky Derby winner Medina Spirit fails second drug check
The second test of blood from Kentucky Derby winner Medina Spirit confirmed the presence of the banned steroid betamethasone, a lawyer for the horse’s owner told CNBC on Wednesday. The second positive test sharply increases the chance that Medina Spirit’s victory on May 1 will be overturned by Kentucky racing officials and that Mandaloun, which…
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Tesla is underneath stress as EV competitors intensifies, ex-Ford CEO says
Elon Musk brought electric vehicles into the mainstream with Tesla. Now the electric car company is grappling with the aftermath of its own innovation, former Ford Motor CEO Mark Fields told CNBC on Wednesday. “One of the many things he’s done is get the industry to take EV seriously,” Fields said of Musk, Tesla CEO.…
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Bob Baffert suspended by Churchill Downs after Medina Spirit’s second optimistic drug check
Churchill Downs Racetrack suspended horse trainer Bob Baffert for two years just hours after attorneys revealed Wednesday that his Kentucky Derby winner Medina Spirit had failed a second drug test for the banned steroid betamethasone. The suspension means that no horse trained by Baffert or by Bob Baffert Racing Stables can race at any track…
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3.7 million lose unemployment advantages prematurely if the states withdraw
Maryland Governor Larry Hogan Chip Somodevilla | Getty Images News | Getty Images According to a CNBC analysis of the Department of Labor data, around 3.7 million Americans will be affected by the state’s early withdrawal from federal unemployment programs. Last month, 25 states announced plans to end the pandemic-era benefits before they formally expire…