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Christina Cheddar Berk

@ccheddarberk.cnbc.com
1K followers 616 following 18 posts

Editor, CNBC Pro, markets and investing trends

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Christina Cheddar Berk @ccheddarberk.cnbc.com · 24/01/2025
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 14/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 13/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 13/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 12/12/2024
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...
sabew.org
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,...
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Christina Cheddar Berk @ccheddarberk.cnbc.com · 11/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 11/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 09/12/2024
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...
cnbc.com
Hershey stock soars on report of another Mondelez takeover attempt
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Christina Cheddar Berk @ccheddarberk.cnbc.com · 09/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 06/12/2024
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...
cnbc.com
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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Reposted by Christina Cheddar Berk
CNBC @cnbc.com · 05/12/2024
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.
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 05/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 05/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 05/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 05/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 05/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 05/12/2024
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...
cnbc.com
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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Christina Cheddar Berk @ccheddarberk.cnbc.com · 05/12/2024
Bitcoin is up more than 4% at the moment after crossing $100,000 for the first time. www.cnbc.com/2024/12/05/b...
cnbc.com
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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