Manhattan real estate posted its best year ever in 2021, rebounding from the pandemic with $30 billion in sales, according to real estate reports. The 16,000-plus signed contracts were also a record, ...
Tag: business news
Verdict in case of Theranos founder Elizabeth Holmes has lessons for investors
Sometimes an investment is too good to be true. Take Elizabeth Holmes’ health-care start-up, for example. On Monday, the founder and former CEO of Theranos was found guilty of four charges in he...
Cramer’s 2022 picks for the best-performing Nasdaq 100 stocks in 2021
CNBC’s Jim Cramer on Tuesday broke down some of the best-performing stocks in the Nasdaq 100 in 2021, offering his thoughts on how investors should approach them in the new year. “Many of ...
Jim Cramer’s 2022 outlook for the worst-performing Nasdaq 100 stocks in 2021
CNBC’s Jim Cramer on Tuesday examined the worst-performing stocks in the Nasdaq 100 in 2021, reaching a mixed conclusion on their possible trading trajectories this year. “There are a lot ...
Oppenheimer Holdings is cheap and should rally with the financials
Teladoc Health: “Too much competition in that business. Don’t want to own it.” Qualtrics International: “This company had a major upside surprise. It’s doing incredibly w...
Okta versus Deere is the best way to understand the market
CNBC’s Jim Cramer on Tuesday stressed to investors that Wall Street is going through a sector rotation, turning away from formerly high-flying growth stocks in anticipation of tighter monetary p...
CDC adds testing guidance to shortened Covid isolation recommendation after facing criticism
People wait in line for COVID-19 testing at Kedren Community Health Center on Wednesday, Dec. 29, 2021 in Los Angeles, CA. Gary Coronado | Los Angeles Times | Getty Images The U.S. Centers for Disease...
Stock futures are flat after the Dow notches a record close
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Jan. 3, 2022. Michael Nagle | Bloomberg | Getty Images Stock futures were flat in overnight trading Tuesday af...
KFC to launch plant-based fried chicken made with Beyond Meat nationwide
KFC’s new Beyond Fried Chicken KFC KFC restaurants nationwide will add Beyond Meat’s plant-based chicken to its menus, starting Monday for a limited time. The national launch comes after y...
Omicron makes up 95% of sequenced Covid cases in U.S. as infections hit pandemic record
At the Covid testing site on Broadway in Santa Monica, the wait was at least 45 minutes long even with an appointment on Monday, Jan. 3, 2021. Carolyn Cole | Los Angeles Times | Getty Images The omicr...
Macy’s cuts store hours at all of its stores as Covid cases spike
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s is shortening store hours for the rest of the month as coronavirus cases spike in the United Sta...
Foot Locker, Under Armour and more
Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – The athletic footwear and apparel retailer dropped 3.9% in the premarket after J.P. Morgan Securities downgraded it to &#...
Toyota dethrones GM to become America’s top-selling automaker in 2021
Toyota vehicles are offered for sale at a dealership on November 04, 2021 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Toyota Motor has dethroned General Motors as America’s top-se...
Airlines cancel another 1,300 flights as omicron, severe weather continue to snarl travel
Travelers wait in line to check-in for flights at Newark Liberty International Airport (EWR) in Newark, New Jersey, U.S., on Monday, Jan. 3, 2022. Christopher Occhicone | Bloomberg | Getty Images Airl...
Warren Buffett makes over $120 billion on Apple’s rise to $3 trillion, among his best bets ever
Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, speaks on a mobile phone during an interview in New York, U.S., on Wednesday, June 25, 2008. Bloomberg | Getty Images Warren Buffet...
Biden doubles U.S. order of Pfizer Covid treatment pills, speeds delivery as omicron rages
A Pfizer employee checks the boxes containing Paxlovid, COVID-19 treatment pills, at a distribution facility in Memphis, Tennessee, in this undated handout picture. Pfizer | Reuters President Joe Bide...
Ford, Bank of America and more
A general view of the Halewood Ford transmission assembly plant after Ford announced a 230 GBP investment on October 18, 2021 in Halewood, England. Christopher Furlong | Getty Images Check out the com...
Cramer says ‘sky is the limit’ for Ford in 2022 after last year’s 136% surge
Ford still has more room to run in 2022 after a stellar performance last year, CNBC’s Jim Cramer said Tuesday. Shares of Ford surged another roughly 10% to more than $24 on the second trading da...
Sen. Tim Kaine among hundreds trapped in Virginia snowstorm traffic jam
This image provided by the Virginia department of Transportation shows a closed section of Interstate 95 near Fredericksburg, Va. Monday Jan. 3, 2022. Virginia Department of Transportation | AP Virgin...
Auto insurance climbing 5% in 2022. Where it’s most, least expensive
Prostock-Studio | iStock | Getty Images Like many things right now, the cost of auto insurance is rising. For 2022, the average national cost to insure a car is expected to jump 5% to $1,707 annually,...
Record 4.5 million workers quit their jobs
Workers quit their jobs in record numbers in November while the total employment openings pulled back a bit, the Labor Department reported Tuesday. The so-called quits level surged to 4.53 million for...
CDC shortens waiting period for Pfizer Covid boosters to 5 months
UNITED STATES – OCTOBER 4: Hattie Pierce, 75, receives a Pfizer covid-19 vaccine booster shot from Dr. Tiffany Taliaferro at the Safeway on Capitol Hill in Washington, D.C., on Monday, October 4...
Ford plans to nearly double production of its new all-electric F-150 Lightning pickup
Ford has started initial pre-production of its electric F-150 Lightning pickup truck at a new plant in Dearborn, Mich. Michael Wayland | CNBC DETROIT – Ford Motor on Tuesday said it plans to nearly do...
U.S. counts over 1 million new daily Covid cases in global record
US Army Critical Care Nurse, Captain Edward Rauch Jr. (L), turns a Covid-19 patient on a ventilator at Beaumont Hospital in Dearborn, Michigan on December, 17, 2021. Jeff Kowalsky | AFP | Getty Images...
Omicron variant in Maharashtra and Delhi
A health worker administers a dose of the Bharat Biotech Ltd. Covaxin vaccine at a Covid-19 vaccination center set up at the Delhi Municipal Corp. Public Health Center in the Daryagunj area of New Del...
China Evergrande says contracted sales dropped 38.7% in 2021
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande’s contracted sales plunged last year as...
Fanatics acquires Topps trading cards
Topps’ baseball cards from the 2016 season on display during an event in New York City. Kris Connor | Getty Images Michael Rubin’s e-commerce company Fanatics has acquired Topps trading ca...
Bank of America is an ‘incredibly cheap stock’
Lion Electric: “They’ve beaten that thing up. I mean, stocks do stop at zero. Wow. Don’t sell it.” New Fortress Energy: “If I’m going to construct energy infrastruc...
Jim Cramer’s 2022 outlook for the S&P 500’s 10 biggest losers in 2021
CNBC’s Jim Cramer on Monday offered his 2022 outlook for the 10 worst-performing stocks in the S&P 500 last year, when the broad equity index advanced nearly 27%. The “Mad Money”...
Don’t rule out a strong 2022 stock rally after 2021’s gains
CNBC’s Jim Cramer on Monday urged investors to keep an open mind heading into 2022, contending that the stock market’s sizable advance in 2021 does not automatically rule out the possibili...
Jim Cramer’s 2022 outlook for the S&P 500’s 10 biggest winners last year
CNBC’s Jim Cramer on Monday shared his thoughts on how the S&P 500’s 10 biggest winners in 2021 will perform in 2022. “The biggest takeaway should be the remarkable resurgence of...