Christina Cheddar Berk
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ccheddarberk.cnbc.com
Christina Cheddar Berk
@ccheddarberk.cnbc.com
Editor, CNBC Pro, markets and investing trends
The pandemic pulled forward a lot of store closures, but trends are catching up and more locations are being shuttered. www.cnbc.com/2025/01/23/s...
Store closures hit highest level since pandemic — see who is shutting down the most locations
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.
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January 24, 2025 at 1:31 PM
MicroStrategy has been added to Nasdaq 100, a move that is sure to add more fuel to the stock's stellar run this year. www.cnbc.com/2024/12/13/b...
Bitcoin proxy MicroStrategy to join the Nasdaq 100 and heavily traded 'QQQ' ETF
MicroStrategy, the high beta play on the price of bitcoin, will join the Nasdaq 100 index.
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December 14, 2024 at 1:14 AM
BofA's Savita Subramanian told CNBC: “A lot of clients are worried about buying the S&P today, given how lofty its valuation is, and our counter argument is, well, if you look at the average S&P 500 company, it’s trading at a massive discount ..." www.cnbc.com/2024/12/13/h...
Here's where the stock market is headed in 2025, according to Wall Street's top strategists
The smart money is broadly optimistic that stocks can still go higher, but it's also anticipating a turbulent market in the year ahead.
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December 13, 2024 at 3:38 PM
Today, CNBC Pro published its survey of market strategists and where they see stocks heading in 2025. Any good set of predictions also should have some reflection, and there we don't disappoint. www.cnbc.com/2024/12/13/h...
Who got it right and wrong on Wall Street in their 2024 stock market outlook
Original year-end forecasts for the S&P 500 ranged from 4,200 at JPMorgan Chase to 5,200 at Oppenheimer. All of them were wrong.
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December 13, 2024 at 3:35 PM
At 1 pm today, I'll be introducing a great line-up of guests for SABEW's webinar on the retail industry. Be sure to tune in and learn how retail reporters are navigating the holiday season and the expected tariff news in the year to come. sabew.org/event/from-t...
From tinsel to tariffs: How to cover the biggest issues facing the retail industry | SABEW
This holiday season may feel a bit busier on the retail beat. With holiday promotions shifting earlier on the calendar, it already looks like the competition for consumer dollars is fierce. Meanwhile,...
sabew.org
December 12, 2024 at 4:02 PM
Lilly's partnership with Ro shows pharma companies may be willing to distribute drugs via telehealth platforms, but this may be less profitable for these websites than the compounded weight loss drugs they were selling. Hims & Hers shares are down more than 5%. www.cnbc.com/2024/12/11/r...
Ro to offer lower-price vials of weight loss drug Zepbound by teaming up with Eli Lilly
It is made possible through a first-of-a-kind integration with Eli Lilly's direct-to-consumer website, and aims to streamline access to the popular treatment.
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December 11, 2024 at 2:46 PM
Hims & Hers shares fell more than 3% after Eli Lilly announced it would sell vials of its weight loss drug Zepbound via rival telehealth platform Ro. The move offers patients without insurance coverage an option for treatment - though still fairly costly for most.
www.cnbc.com/2024/12/11/r...
Ro to offer lower-price vials of weight loss drug Zepbound by teaming up with Eli Lilly
It is made possible through a first-of-a-kind integration with Eli Lilly's direct-to-consumer website, and aims to streamline access to the popular treatment.
www.cnbc.com
December 11, 2024 at 2:43 PM
In 2002, I trekked out to Dauphin County Orphans Court to cover an attempt to block the sale of Hershey. The effort succeeded. Other offers have been made since, with a similar fate, but Hershey shares are rising as Mondelez considers it again. www.cnbc.com/2024/12/09/h...
Hershey stock soars on report of another Mondelez takeover attempt
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December 9, 2024 at 4:48 PM
The S&P 500 is on a 3-week winning streak, but BTIG's Jonathan Krinsky sees a technical move that may not be so optimistic. www.cnbc.com/2024/12/09/s...
Something odd is happening during this latest portion of the stock rally
It's not all sunshine and rainbows when looking under the hood of this latest leg of the stock market rally.
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December 9, 2024 at 2:29 PM
Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%. Stock futures gain as the odds of a rate cut improve
www.cnbc.com/2024/12/06/j...
Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to increase 214,000 in November, according to the Dow Jones consensus forecast.
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December 6, 2024 at 1:37 PM
Reposted by Christina Cheddar Berk
Eli Lilly said on Thursday it will invest $3 billion to expand the manufacturing plant it bought in Pleasant Prairie, Wisconsin earlier this year, as it scrambles to meet soaring demand for its weight-loss and diabetes drugs.
Lilly invests $3 billion to expand Wisconsin plant as obesity drug demand soars
Zepbound and Lilly's diabetes drug Mounjaro, both known chemically as tirzepatide, were in shortage in the U.S. for much of this year.
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December 5, 2024 at 8:43 PM
A lot of bitcoin investors have been holding their positions for a very long time. $100,000 is a big, round number. For some, it's a signal to take a hard look at the portfolio. www.cnbc.com/2024/12/05/b...
Bitcoin hit $100,000. Here's what's next if you're holding the crypto in your portfolio
Tough decisions await investors who've hung on through bitcoin's roller-coaster ride to $100,000.
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December 5, 2024 at 8:53 PM
By Thursday afternoon, bitcoin had eased back below $100,000 after crossing the milestone late Wednesday. But where do prices go from here? David Keller took a look at what the charts suggest will be the cryptocurrency's next move. www.cnbc.com/2024/12/05/w...
What's next for bitcoin after topping $100,000, according to the charts
Bitcoin has finally reached the "the big round number."
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December 5, 2024 at 8:34 PM
Bitcoin's value is up more than 47% since Trump was elected in November, but the march to $100,000 began months before with the launch of bitcoin ETFs on Jan. 11. www.cnbc.com/2024/12/05/t...
The road to $100,000 — What's behind bitcoin's storied 2024 run
Bitcoin hit a key milestone on Wednesday night after a year of making inroads with the U.S. financial system and politicians.
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December 5, 2024 at 3:30 PM
With bitcoin hitting fresh highs, Bernstein's Gautam Chhugani makes the case for the benchmark cryptocurrency replacing gold, sees it reaching $200,000 late next year. www.cnbc.com/2024/12/05/b...
Bitcoin to replace gold over next decade, says Bernstein
Bitcoin could replace the role of gold in the economy, although it will likely be a long way ahead, per Bernstein.
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December 5, 2024 at 2:46 PM
Bitcoin's big move past $100,000 is accompanied by huge gains for a range of crypto stocks. $MSTR is up 8%, $HOOD rises 7%, $COIN gains 4%, while $MARA rises 4.7% and $RIOT adds 6.5%. www.cnbc.com/2024/12/05/m...
MicroStrategy leads crypto stocks higher after bitcoin tops $100,000 for the first time
Crypto-linked stocks jumped after bitcoin prices reached $100,000 for the first time ever.
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December 5, 2024 at 2:27 PM
Ahead of bitcoin's historic run to $100,000, Fed Chair Jerome Powell spoke at the Dealbook conference and said bitcoin isn't challenging traditional currencies. Instead, it is a speculative asset like gold. “It’s just like gold, only it’s virtual, it’s digital," he said. www.cnbc.com/2024/12/05/w...
What Fed chief Powell said about crypto that may have aided bitcoin's rally to $100,000
Powell said bitcoin is not a challenge for traditional currencies such as the U.S. dollar but rather for gold.
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December 5, 2024 at 1:59 PM
Bitcoin is up more than 4% at the moment after crossing $100,000 for the first time. www.cnbc.com/2024/12/05/b...
Bitcoin tops $100,000 as monster 2024 rally reaches new heights
Bitcoin had been widely expected to reach $100,000 since the U.S. presidential election but investors sent it to this mark much sooner than expected.
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December 5, 2024 at 1:56 PM