CNBC’s Jim Cramer said Wednesday that while the hot consumer price index suggests the Federal Reserve is losing in its struggle against inflation, the dismal performance of stocks, particularly in the Russell 1000, offers a different view. “When I talk about the Fed winning or losing the fight against inflation, I mean the fight to […]
In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm’s balance sheet at the end of its first quarter. Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after […]
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzmann | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares tumbled 12% after the equipment maker disclosed it’s piling up excess inventory and burning […]