There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.Customers of fintech firms that used Synapse to link up with banks had $265 million in balances. But the banks themselves…

The Clorox Company (NYSE:CLX) dbAccess Global Consumer Conference June 5, 2024 3:15 AM ET Company Participants Linda Rendle – CEOKevin Jacobsen – CFO Conference Call Participants Stephen Powers – Deutsche Bank Stephen Powers All right. Good morning, everybody. Welcome back. I’m Steve Powers. I’m the Head of Deutsche Bank’s US…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Taking a breather: The major averages are bouncing around the flat line in afternoon trading as investors look ahead to Friday’s…

While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some time, according to Joel Anderson, CEO of discount retailer Five Below. The executive sees underperformance particularly in the lower-income demographic.”The lower-end customer is really being stretched,” Anderson said on an…

A man eating a chocolate bar. As an analyst, there is nothing more exciting than covering businesses that I view to be of the utmost quality. As far as I’m concerned, that’s the name of the game as a dividend growth investor. When considering prospective investments, there are a few…

We are buying 75 shares of Dover at roughly $180. Following the trade. Jim Cramer’s Charitable Trust will own 250 shares of Dover, increasing its weighting in the portfolio to about 1.4% from about 1%. Dover shares hit a rough patch this week, falling alongside many other industrials on concerns…

Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity company popped 9% after posting a strong outlook and a first-quarter results beat. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which came in over the earnings of 89 cents per…

Investment Case Over the past few years, shareholders of Equity Commonwealth (EQC) have patiently waited for management to deploy their large cash reserves. For years, management has been on the lookout for an M&A deal to transform the company from an Office REIT to an Industrial REIT. The company got…

Check out the companies making headlines in midday trading: Bath & Body Works — Shares of Bath & Body Works sank 14% and headed for their worst day since 2021. The retailer beat first-quarter earnings and revenue estimates but offered disappointing second-quarter guidance. Bath & Body Works expects earnings to…

Indian Prime Minister Narendra Modi declared victory in the country’s election late on Tuesday, despite his party looking set to lose its outright majority, leaving him reliant on smaller regional parties.Ongoing vote counts suggest that Modi’s Bharatiya Janata Party (BJP) is likely to win just 239 seats — down from…