CNBC’s Jim Cramer said Monday he’s warmed up to Uber, suggesting the investment case for the ride-hailing and food-delivery company now contains more positives than negatives. “You&#...
Tag: business news
California proposes $6.1 billion on electric vehicle initiatives
California Governor Gavin Newsom holds a copy of the California State budget after ceremonially signing it during a rally in Los Angeles, Tuesday, July 13, 2021. Hans Gutknecht | MediaNews Group | Get...
Dot-com bubble dynamic may drive S&P 500 above 5,500: Julian Emanuel
Market bull Julian Emanuel sees a dot-com era dynamic that could shatter the S&P 500’s record highs. In his first TV interview since starting at Evercore ISI, Emanuel told CNBC’s ̶...
Not recommending Nio or any Chinese stocks
Veru: “Veru is in [Phase 3] for a very important breast cancer indication. They just got fast-track designation by the FDA this morning. It’s at $5. It made no sense that the stock didn...
Rivian shares decline on 2021 production and executive departure
Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New York. Ann-Sophie Fjello-Jensen | AP Shares of Rivian Automotive fell 5% in afterhours trading Monday af...
Jim Cramer’s charitable trust bought stocks during Monday’s weakness
CNBC’s Jim Cramer said his charitable trust felt compelled to make purchases during Monday’s session after it began so negatively, especially in large-cap technology stocks. While the Nasd...
Stock futures are flat after Nasdaq’s Monday comeback
A trader works on the trading floor on the last day of trading before Christmas at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 23, 2021. Andrew Kelly | Reuters U.S. ...
Pfizer CEO says two Covid vaccine doses aren’t ‘enough for omicron’
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Bel...
Abercrombie & Fitch trims holiday-quarter sales outlook
Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Abercrombie & Fitch said Monday that it saw strong demand from consumers ...
Stocks making the biggest moves after hours: Intel, Micron and more
Signage at the entrance to the Intel headquarters in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in ...
Zynga, Lululemon, Apria and more
Take a look at some of the biggest movers in the premarket: Zynga (ZYNG) – The online game maker’s shares soared 48.2% in the premarket after it agreed to be acquired by video game maker Take-Tw...
Covid vaccine could be cleared in multiple countries soon
The Novavax coronavirus vaccine could be cleared by regulators for use in multiple countries, including the U.S., in the coming months, the vaccine maker’s CEO said Monday. The company has filed...
Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year
Jamie Dimon said the U.S. is headed for the best economic growth in decades. “We’re going to have the best growth we’ve ever had this year, I think since maybe sometime after the Gre...
Moderna, Zynga, Lululemon, Tilray and more
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. ...
2021 ranks as fifth hottest year as carbon, methane emissions rise
A Cal Fire firefighter from the Lassen-Modoc Unit watches as an air tanker makes a fire retardant drop on the Dixie Fire as trees burn on a hillside on August 18, 2021 near Janesville, California. Pat...
5 things to know before the stock market opens Monday, Jan. 10
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq, S&P 500 both set to drop for 5 straight sessions The Nasdaq logo is displayed at th...
Johnson & Johnson splitting itself up could come with some risks
Johnson & Johnson announced in November that it plans to spin off its consumer business into a new publicly traded company by November 2023. The news didn’t surprise Wall Street. “The ...
Goldman predicts the Fed will hike rates four times this year, more than previously expected
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response...
Universal flu vaccine may be next big Moderna, Pfizer mRNA development
Employees in special suits test the procedures for the manufacturing of the messenger RNA (mRNA) for the Covid-19 vaccine in German company BioNTech, in Marburg, Germany on March 29, 2021. Abdulhamid ...
Moderna CEO says fall booster shots will likely target omicron
Moderna is working on a booster shot that will target the omicron variant of Covid for this fall as nations around the world prepare to distribute annual vaccinations against the virus. “We are ...
Pfizer CEO says omicron vaccine will be ready in March
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Bel...
Crocs sees fourth-quarter sales up 42%, capping an ‘exceptional year’
Footwear is offered for sale at a Crocs retail store on July 22, 2021 in Chicago, Illinois. Scott Olson | Getty Images Crocs said Monday it sees sales in 2021 climbing about 67% from 2020, more than i...
Lululemon says sees fourth-quarter earnings, sales hurt due to omicron
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon shares fell in premarke...
‘Deltacron’ variant prompts doubts among experts as possible lab error
Covid lab technicians in India on Friday Jan. 7, 2022. Bloomberg | Bloomberg | Getty Images Global health experts are casting doubts over reports of a new possible Covid-19 mutation that appeared to b...
Australian judge overturns tennis star Novak Djokovic’s visa cancellation
Novak Djokovic of Serbia celebrates winning against Marin Cilic of Croatia in match 2 of the Davis Cup Semi Final at Madrid Arena on December 3, 2021. Sanjin Strukic | Pixsell | MB Media | Getty Image...
Stock futures dip after S&P 500 posts 4-day losing streak
Traders work on the floor of the New York Stock Exchange (NYSE) on January 07, 2022 in New York City. Spencer Platt | Getty Images Stock futures were slightly lower in overnight trading Sunday after a...
Cyprus reportedly discovers a Covid variant that combines omicron and delta
Staff at CSL are working in the lab on November 08, 2020 in Melbourne, Australia, where they will begin manufacturing AstraZeneca-Oxford University COVID-19 vaccine. Darrian Traynor | Getty Images A r...
New and used car prices keep climbing. Don’t expect relief soon
When it comes to car shopping these days, sticker price may mean sticker shock. New and used car prices continue to spurt higher amid strong demand and tight inventory. While a manufacturing slowdown ...
Here’s where the jobs landed last month — in one chart
The leisure and hospitality sector led hiring in December as restaurant and bar managers added wait staff, cooks and bartenders to payrolls ahead of the holidays. That sector saw net job growth of 53,...