Lucid, Booking Holdings, MGM, eBay and more

A worker assembles the Lucid Air prototype electric vehicle, manufactured by Lucid Motors Inc., at the company’s headquarters in Newark, California, on Monday, Aug. 3, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Lucid Group — Shares of the EV maker tumbled about 12% after … Read more

Amazon, FedEx, Snowflake, Tesla, Micron

Here are Tuesday’s biggest calls on Wall Street: Goldman Sachs downgrades Boston Beer to sell from neutral Goldman said in its downgrade of the beer and beverage company that the outlook for hard seltzer is “deteriorating.” The firm also upgraded Molson Coors to neutral from sell and said it sees a better risk / reward. … Read more

The fight against stolen products on Amazon and Facebook Marketplace

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional shoplifting. Rather, what they’re seeing is theft organized by criminal networks. And there’s a reason … Read more

Stitch Fix, DocuSign, Netflix and more

Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp / bauer-griffin | Gc Images | Getty Images Here are the stocks making headlines on Friday, … Read more

These tech stocks could be ‘ports in the storm’ during bear market, Deutsche Bank says

This year’s tech wreck has sent the Nasdaq Composite spiraling down into a bear market, with the benchmark down more than 25% from its November record. However, there are some internet companies that could do over the next year thanks to their share repurchases, according to Deutsche Bank. The firm looked at 28 companies in … Read more

‘Cheap’ stocks to buy to beat rising prices, slowing growth: Strategists

The global economy is occupied with rising inflation and slowing growth. Here, CNBC Pro sifts through recent research notes to identify strategists’ top stocks in this tricky environment. The US Federal Reserve hiked rates in March for the first time in more than three years, and announced a further 50-basis-point hike earlier this month. It’s … Read more

EBay enters NFT business, with assist from hockey icon Wayne Gretzky

The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs – with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his … Read more

Funko sells 25% stake to group including Bob Iger, Rich Paul, eBay

A consortium including former Disney CEO Bob Iger, sports agent Rich Paul, eBay and the Chernin Group is buying a 25% stake in toy maker Funko. The investment, which is worth $ 263 million, or $ 21 per share, means Chernin will add two directors to Funko’s board. Chernin Group CEO Peter Chernin and Iger … Read more