After a difficult 2022 for investors, there may be rays of light peeking through at the start of the new year. Take heart from JPMorgan Chase CEO Jamie Dimon. He clarified Tuesday that maybe he should...
Tag: Markets
Fed Chair Powell Silent As Bond Markets See Recession, Rate Cuts
Often, it’s what isn’t said that deserves the most attention. Federal Reserve Chairman Jerome Powell’s decision to sidestep the issue of inflation and rate hikes during a central b...
Bed Bath & Beyond jumps 50% to lead ‘nonsense’ rally in meme stocks; AMC gains 15%
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images A group of highly speculative stocks r...
Several Top Rivian Executives Depart After Production Miss
Rivian Automotive the startup maker of electric trucks, has parted ways with several of its top executives after production targets were missed over the past year. Those who left include Randy Frank, ...
Bitcoin inches higher, GBTC discount narrows as share price perks up
Crypto prices remain in the green while related stocks were mixed in pre-market trading. GBTC’s continuing its positive start to the year. Bitcoin was trading at $17,400 at 8:45 a.m. EST, ...
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though a majority of insti...
Fed’s No-Rate-Cut Mantra Rejected by Markets Seeing Recession
(Bloomberg) — Federal Reserve officials are making a full-court-press effort to convince investors they won’t be slashing their benchmark interest rate before year’s end. Most Read from Bloomber...
Crypto Twitter Celebrates CFTC Charging Mango Markets Hacker
Crypto Twitter praises CFTC for protecting crypto traders from Mango Markets fraud. CFTC accused Avraham Eisenberg of manipulating the Mango Markets exchange and stealing funds. Also, CFTC is seeking ...
Novogratz believes crypto markets are neutral right now
During a recent interview with CNBC, Mike Novogratz, CEO of Galaxy Digital, said that the outlook for cryptocurrencies is neither good nor bad at the moment. He explained that the forecast falls somew...
Stocks, US Futures Steady With Inflation in Focus: Markets Wrap
(Bloomberg) — European stocks and Wall Street equity futures were steady with traders preparing for a key reading of US consumer prices as they assess the outlook for central bank policy. Most R...
Energy Transfer is a very good stock
Nvidia Corp: “Nvidia is a terrific company but it sells at a very high price-to-earnings multiple. … We have pulled back a little bit [for the Charitable Trust].” Blackstone Minerals...
The Disappearance Of Good Rock Worries Oil Markets
Oil companies drilling in Texas’ Permian Basin are having to adapt to falling output as acreage with … [+] the “top rock” runs out. (Photo by Spencer Platt/Getty Images) Getty ...
Charts are ‘screaming’ that it’s not too late to buy homebuilder stocks, Jim Cramer says
CNBC’s Jim Cramer on Tuesday said that investors still have a chance to buy homebuilder stocks before a possible run-up. “The charts, as interpreted by Dan Fitzpatrick, suggest that weR...
How High Can Boeing Stock Go From Here? Check the Chart.
One of traders’ favorite opportunities comes from a premarket gap-down after an analyst downgrade. In the case of Boeing (BA) – Get Free Report, we had just that on Tuesday. Shares of Boeing op...
Jim Cramer’s 5 rules for earnings season
CNBC’s Jim Cramer on Tuesday went over a list of do’s and don’ts for investors ahead of a busy period of earnings. The upcoming earnings season, which kicks off this week, features q...
Virgin Orbit stock plummets after UK launch failure
Cosmic Girl, a Virgin Boeing 747-400 aircraft sits on the tarmac with Virgin Orbit’s LauncherOne rocket attached to the wing, ahead of the first UK launch tonight, at Spaceport Cornwall at Newqu...
Amazon’s Buy with Prime is a positive step, but the stock is still expensive
Amazon ‘s (AMZN) soon-to-be widely available Buy with Prime service, which allows Prime members to use their Amazon accounts to shop with other online merchants, could be a profitable revenue ch...
Powell reiterates Fed is not going to become a ‘climate policymaker’
Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell participates in a panel during a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, January 10, 2023. Claudi...
ConsenSys to lay off 100 or more employees: Coindesk
ConsenSys will let go of as many as 100 or more employee, CoinDesk reported, citing a person familiar with the matter. The exact number of employees that could be laid off is not clear, as the ...
Capella Space raises $60 million from billionaire Thomas Tull’s fund
A satellite image taken at night on Nov. 14, 2022 of NASA’s Artemis I mission before launch from Cape Canaveral in Florida. Capella Space San Francisco-based satellite imagery specialist Capella...
MicroStrategy sells 13.5% stake to trading firm Group One
Trading firm Group One bought a 13.5% stake in MicroStrategy. The firm scooped up 1,261,744 shares of Class A common stock, according to a document filed with the U.S. Securities and Exchange Co...
I like WESCO very much
ADMA Biologics Inc: “It’s a great spec, but it is losing money hand over fist. I think it’s very binary. I can not like binary situations.” AT&T Inc: “T-Mobile is the...
Jim Cramer warns not to ‘gamble’ on tech stocks despite recent gains
CNBC’s Jim Cramer told investors to continue staying away from tech stocks, even after their gains on Monday. “Just remember, if you were buying tech here off some weaker macroeconomic num...
Ondo Finance launches three tokenized U.S. Treasuries and bonds
Ondo Finance, a DeFi firm offering decentralized investment opportunities, has launched tokenized versions of U.S. treasuries and bonds. These tokenized products let stablecoin holders invest i...
The Earth’s ozone layer is slowly recovering, UN report finds
In this NASA false-color image, the blue and purple shows the hole in Earth’s protective ozone layer over Antarctica on Oct. 5, 2022. Earth’s protective ozone layer is slowly but noticeabl...
Bed Bath & Beyond, Coinbase, Virgin Orbit and more
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Check out the companies making the biggest moves midday: Virgin Orbit — The satellite launch service...
Coinbase pops 7% after job cuts; Needham says buy
Coinbase jumped 7% after saying it would cut staff, with Needham calling it “necessary” and holding onto its buy rating. The exchange is cutting 950 employees, which should reduce o...
Biden declares emergency in California as more winter storms advance
U.S. President Joe Biden speaks during a cabinet meeting in the Cabinet Room of the White House January 5, 2023 in Washington, DC. Drew Angerer | Getty Images President Joe Biden on Monday declared an...
Bitcoin steady around $17,250 as altcoins dip, Coinbase jumps on job cuts
Bitcoin and ether held onto gains as altcoins traded lower, while traditional markets rose modestly. Coinbase popped following its latest layoff announcement. Bitcoin was trading around $17,270...
Jim Cramer’s Investing Club meeting Monday: Consumer prices, tech
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Look for consumer price rep...