CNBC’s Jim Cramer on Tuesday implored investors to stay away from speculative assets such as cryptocurrencies, warning that they will continue to struggle during the ongoing Federal Reserve tigh...
Tag: business news
Li-Cycle Holdings is ‘too risky’ for this environment
Li-Cycle Holdings: “Too dangerous, too risky. Not the right thing for this environment. We’ve got to be more careful.” Epam Systems: “Very fast grower. Profitable. I like them....
Cramer’s 10 favorite ‘dividend aristocrats’ to own through year-end
CNBC’s Jim Cramer on Tuesday offered investors a list of his 10 favorite “dividend aristocrats” to own through year-end, saying their payouts offer protection against Federal Reserve...
HP Inc. CEO sees signs that commercial PC demand is starting to slow down
HP Inc. CEO Enrique Lores told CNBC on Tuesday he sees indications that commercial customers are spending more cautiously on PCs as macroeconomic uncertainty weighs on enterprises. Lores’ commen...
NASA Artemis 1 moon mission update: Saturday launch attempt
NASA’s next-generation moon rocket, the Space Launch System (SLS) rocket with its Orion crew capsule perched on top, as it stands on launch pad 39B in preparation for the unmanned Artemis 1 mission at...
Chewy, HP, CrowdStrike and more
Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters Check out the c...
Goldman Sachs to lift vaccination, Covid-19 requirements in most offices next month
Pavlo Gonchar | LightRocket | Getty Images Goldman Sachs will lift all its Covid-19 requirements in most offices beginning Sept. 6 in an effort to incentivize its employees to return to the office mor...
Fed’s Williams pushes back on expectations of a rate cut next year
John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters New York Federal Reserve President John Willia...
Royal Caribbean partners with SpaceX’s Starlink for onboard internet
Royal Caribbean International’s Anthem of the Seas cruise ship calls at Greenock port on July 22, 2021 in Greenock, Scotland. Jeff J Mitchell | Getty Images Royal Caribbean Cruises will begin of...
Mississippi governor declares emergency amid Jackson water crisis
An SUV rests in flood waters in this northeast Jackson, Miss., neighborhood, Monday, Aug. 29, 2022. Rogelio V. Solis | AP Residents of Jackson, Mississippi, the state’s capital and largest city,...
Education Dept. cancels $1.5 billion in loans for Westwood College borrowers
Tero Vesalainen | Istock | Getty Images The U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for former students of the now-defunct for-profit Westwo...
Big Lots, Best Buy, Nikola and Lucid
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots – Shares jumped 7.8% after the...
Texas reports what may be the first U.S. death from monkeypox
Monkeypox virus, illustration. Thom Leach | Science Photo Library | Getty Images Texas health officials said Tuesday that a person diagnosed with monkeypox died in what may be the nation’s first...
Best Buy (BBY) Q2 2023 earnings
Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the fiscal second quarter, as the retailer felt a pull...
UK inflation could top 22% as energy prices soar, Goldman Sachs warns
Goldman Sachs has said that the U.K. is likely to fall into recession in the fourth quarter 2023. Richard Baker | In Pictures | Getty Images LONDON — U.K. inflation could soar above 22% next year if e...
Home prices weaken but are still much higher than a year ago: S&P Case Shiller
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than during the same mon...
Companies hope to capitalize on growing market
Grainwave, a Belgian-Style white ale, THC infused, non-alcoholic cannabis beer at the Ceria Brewing Co. at the Keef Cola facility December 13, 2018. Andy Cross | Denver Post | Getty Images You can smo...
Lucid and Nikola file to raise additional cash
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle makers Lucid Group and N...
Chipotle Mexican Grill tests spicy chicken al pastor in two markets
Chipotle Mexican Grill is testing Chicken Al Pastor Source: Chipotle Mexican Grill Chipotle Mexican Grill is cranking up the heat on its grilled chicken. The restaurant chain said Tuesday it’s t...
5 issues investors want addressed
A pedestrian walks by a Bed Bath and Beyond store on November 04, 2021 in Larkspur, California. Justin Sullivan | Getty Images 1. A potential cash infusion A key part of the announcement will be clari...
UN says the global food crisis is about affordability, not availability
Food prices remain stubbornly high as Russia’s war in Ukraine drags on, exacerbating existing pressure from supply chain disruptions and climate change. The war has “put a lot of fuel on a...
Best Buy, First Solar, Twitter and more
Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy gained 2.6% in the premarket after the electronic retailer beat Street forecasts on the top and bottom lines for its...
We’re going to have one whopper of a recession in 2023
The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher...
Charts suggest the market could finish the year strong
Longtime technical analyst Larry Williams sees the potential for Wall Street to finish out the year on a relatively solid note, CNBC’s Jim Cramer said Monday. Williams put the Dow Jones Industri...
Uranium Energy is too hot for me right now
PepsiCo: “PepsiCo is in the [CNBC Investing Club bullpen]. We think a lot of it. I just wish the stock would come down. It doesn’t seem to want to come down at all, but it is well run and ...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
Avoid money-losing names after Powell’s tough inflation stance
CNBC’s Jim Cramer said Monday that investors whose portfolios include money-losing companies should steel themselves for more downside in light of Federal Reserve Chair Jerome Powell’s spe...
NASA postpones Artemis 1 rocket launch due to issues during countdown
CAPE CANAVERAL, Florida – NASA postponed its Artemis I launch Monday after issues emerged during countdown, delaying the debut of its towering rocket and its long-awaited mission to the moon. The agen...