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03

Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China

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EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.

Don't bet against Zuckerberg: Meta's earnings-driven stock slide is an opportunity

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Shares of the Facebook and Instagram company were dropping due to short-term thinkers who can't see the forest for the trees.

Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy

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Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.

02

Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

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Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.

Cramer says the pull of the bond market is worrying, so keep some cash on hand

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CNBC's Jim Cramer told investors to keep some cash on hand.

01

Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes

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A little over a year ago, Chipotle announced the opening of its first Farmesa location.

Chipotle posts big earnings beat as diners shake off higher prices

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The burrito chain said traffic increased 5.4% in its first quarter.

Rubrik prices IPO at $32 per share, above the expected range

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Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.

Wednesday, Apr 24

00

Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates

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Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.

House Speaker Johnson drowned out by booing crowds at Columbia University speech on Gaza protests

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Speaker Johnson called on Columbia University's president to resign amid ongoing controversial student protests over the Gaza war.

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

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The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.

23

Ford tops first-quarter earnings estimates as commercial unit offsets EV losses

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Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.

Meta's Reality Labs posts $3.85 billion loss in first quarter

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Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

Senate launches investigation into high prices of Ozempic and Wegovy in the U.S.

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Before insurance, Novo Nordisk charges about $1,000 per month for Ozempic in the United States. In Germany, the company charges $59 per month for the same drug.

IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

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IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.

Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'

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Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.

Tesla surges after Elon Musk says new affordable EV models coming

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Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

22

Here’s a rapid-fire update on all 33 portfolio stocks including our tech giants reporting this week

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During the Investing Club's Monthly Meeting on Wednesday, Jim Cramer offered his updated thinking on the stocks in the portfolio.

Employee stock purchase plans offer 'free money' — but also carry complexity and risk, experts say

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If you work for a publicly traded company, you may have access to discounted company shares via an employee stock purchase plan, or ESPP. Here's what to know.

'Invest in these women': WNBA champion A'ja Wilson hopes Caitlin Clark's popularity helps the league grow

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The five-time All-Star and two-time WNBA champion hopes to see the excitement around Clark help grow the league.

21

Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to boost his productivity

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Jeff Bezos doesn't time block or stick to a strict schedule to be successful and productive. Instead, he allots however much time he needs for mind wandering.

U.S. oil pulls back below $83 as more crude shipments arrive after delays due to Red Sea disruption

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The market looks somewhat bearish at the moment with global oil inventories rising, according to Goldman Sachs.

U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses

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The U.S. Chamber of Commerce has long threatened to sue the FTC over the noncompete ban.

20

Biden just signed a bill that could ban TikTok: Here's what that means for you

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President Joe Biden signed a bill into law on Wednesday that will effectively ban TikTok if ByteDance does not sell the app within the year.

Big Tech has split into 3 camps: loved, hated and iffy. Here's where our 8 stocks fit

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The divided market, especially in tech, was a major theme in the Club's April Monthly Meeting.

Workers earning up to $58K a year could soon become eligible for overtime pay

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The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.

TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban

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A TikTok ban could take years due to potential legal challenges, but creators worry about how they'll make a living if it goes away.

19

The least affordable metro areas for America's middle class—5 of them are in California

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Creditnews Research found that the least affordable U.S. metro areas are almost entirely on the Pacific Coast.

18

Biden issues new rules for airlines to require automatic cash refunds, prohibit surprise fees

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President Joe Biden has also targeted junk fees for products like credit cards, cable and retirement savings accounts.