Fred Imbert,
Fred Imbert is a Pro editor for CNBC.com. He previously served as a markets reporter from August 2016 to January 2021. Imbert was also a news editor from January 2021 to October 2021. Imbert reports on financial markets and business news, providing timely and accurate information to his readers. His primary topics include stock market movements, company earnings reports, and economic indicators. He has covered significant events such as the GameStop trading frenzy and the impact of COVID-19 on various industries. In addition to his reporting duties, Imbert has served in editorial roles at CNBC, including as a news editor. There are no indications of personal financial interests or relationships that would influence his reporting.
91%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
98%
Examples:
- Fred Imbert has a history of reporting on financial markets and business news with minimal personal opinions or political leanings.
Conflicts of Interest
100%
Examples:
- Fred Imbert previously served as a markets reporter and later a news editor at CNBC. There are no indications of personal financial interests or relationships that would influence his reporting.
Contradictions
86%
Examples:
- GameStop shares have experienced volatile trading over the past month as Gill reemerged across social media.
- GameStop shares were halted multiple times during the livestream.
- Shares of GameStop dropped significantly, resulting in a loss of nearly 40% on the day for investors.
Deceptions
75%
Examples:
- The company on Friday posted net sales of $881.8 million for the period, down 29% from $1.237 billion a year prior.
- The sales decline was steeper than the two Wall Street analysts who cover the stock expected.
Recent Articles
Roaring Kitty's Return Ignites GameStop Stock Volatility: A Look at the Impact and Controversy
Broke On: Friday, 07 June 2024GameStop stock saw volatile price movements on June 7, 2024, during a livestream by social media influencer Keith Gill, also known as Roaring Kitty. Gill reiterated his belief in GameStop's potential under CEO Ryan Cohen and emphasized his personal investment. The company had recently turned a profit and generated fresh capital but faced challenges from declining sales and potential stock manipulation concerns. GameStop Reports Q1 Loss, Announces Additional Share Sale Amidst Volatility and Unexpected Earnings Release
Broke On: Friday, 07 June 2024GameStop reported a net loss of $32.3 million and sales of $881.8 million for Q1 2024, marking a significant decrease from the previous year's figures. The company plans to sell an additional 75 million shares, following Roaring Kitty's bullish analysis on Reddit that drove stock volatility. GameStop unexpectedly released its earnings report, causing shares to plunge by 28% in morning trading.