CNBC’s Jim Cramer on Tuesday gave investors his expectations for the October CPI report. “Maybe this time will be different, and it could be. … But right now when it comes to the CPI, I th...
Tag: Markets
Jim Cramer says these 10 ‘old guard’ stocks are making a comeback
CNBC’s Jim Cramer on Tuesday offered investors a list of 10 companies that he believes are rising to the top as tech stocks collapse. “It’s the revenge of the old guard right now, ri...
Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’ – Markets and Prices Bitcoin News
Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal...
Crypto markets plummet after Binance, FTX deal frightens investors
Crypto prices plummeted following Binance’s deal to acquire FTX.com after a brief bump higher. FTX’s FTT token dropped 70% since popping immediately following the news around 11:15 a...
Incoming Kraken CEO Predicts Bitcoin (BTC) Will Become Benchmark Asset in Traditional Currency Markets – Here’s Why
Incoming Kraken CEO David Ripley predicts Bitcoin (BTC) will become an important financial benchmark as use cases increase along with adoption. In a new interview with SALT’s managing director John Da...
Sweetgreen (SG) Q3 2022 earnings miss estimates, stock tumbles
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen fell 10% in afte...
Space company announces layoffs amid rocket delay
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay...
Crypto markets initially buoyed by Binance’s deal to buy FTX
Crypto prices popped following the announcement of Binance’s blockbuster deal to acquire rival FTX.com. FTX’s FTT token jumped 38% to almost $20 at 11:12 a.m. The price of the nativ...
Improving Chinese import data good for Estee Lauder, Wells Fargo says
Wells Fargo (WFC) on Tuesday raised its price target on Club holding Estee Lauder (EL) to $225 from $215 on the back of an improvement in cosmetics- and duty-free imports to China, a crucial market fo...
Sanctions on Russia Opened Domestic Markets for Foreign Crypto Issuers: Report
Cryptocurrencies remained among the burning topics during the Russia–Ukraine war. It had played a role from both the sides where war affected Ukraine received funds and aid from all over the world in ...
Climate change threatens ‘things Americans value most’: gov’t report
The Jade Isle Mobile Home Park is flooded in this aerial view from a drone in St. Cloud. Residents of the community were issued a voluntary evacuation order due to rising water levels in the aftermath...
$854,000,000 in Liquidations Rock Bitcoin and Crypto Markets As FTX Token (FTT) Collapses 86%
Extreme volatility is rocking Bitcoin and the overall crypto markets after the leading digital asset exchange Binance announced its intentions to acquire the embattled exchange FTX. Early on Tuesday, ...
Lyft, Tripadvisor, Take-Two Interactive and more
Check out the companies making headlines in midday trading. Lyft — Shares of Lyft plummeted 21% after the company’s earnings report showed mixed results in the last quarter. The rideshare compan...
Markets Stunned on FTX and Binance – Trustnodes
A fast jump in bitcoin was followed by most of the gains being erased. Likewise, a spike in FTT has FTX’s token down to the same levels as prior to the astonishing announcement that Binance had signed...
Bitcoin and Crypto Markets Pop As Binance Announces Plan to Acquire FTX
Bitcoin and the overall crypto markets are in the middle of an abrupt reversal as two of the world’s largest crypto exchanges announce a deal that’s sending shockwaves through the industry. Following ...
Oil, Club news, Disney earnings
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 Tuesday’s key moments. Oil in focus Quick mention...
Markets turn red as FTT dumps amid rumors of liquidity issues
In the last 24 hours, the cryptocurrency market cap saw net outflows of $48.79 billion to $971.29 from $1,028.2 billion as of press time — down 4.79%. Bitcoin’s market cap fell 5.03% to $378.86 billio...
Boeing’s aircraft deliveries slipped in October on 737 fuselage flaw
A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mcknight | Reuters Boeing‘s aircraft deliveries in October fe...
Nvidia Stock Jumps On Report New Chip Designed for China Market
Updated at 10:08 am EST Nvidia Corp. (NVDA) shares moved firmly higher Tuesday following a report suggesting the chipmaker had developed a new semiconductor it could sell to customers in China witho...
We’re increasing price targets on 3 of our stocks, including 2 crushing the boarder market
Following our price target changes on eight Club holdings last month, we’re updating three more Tuesday to reflect their recent quarterly earnings reports and outlooks. Eli Lilly (LLY): Club pri...
Take-Two Interactive, Lyft, TripAdvisor and more
Take a look at some of the biggest movers in the premarket: Take-Two Interactive (TTWO) – Take-Two tanked 17.4% in the premarket after the videogame publisher cut its bookings outlook for the year. Ta...
Analyst Who Nailed 2018 Bitcoin Bottom Issues Ethereum Update, Says Altcoin Markets Primed for Volatility
The crypto strategist who accurately called Bitcoin’s (BTC) 2018 bottom is telling Ethereum (ETH) holders that the leading smart contract platform is set up for a significant correction. Pseudonymous ...
China’s Covid controls are hurting more of the economy
Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the count...
Crypto Markets Lost $70B Amid Binance-FTX Drama (Market Watch)
After several days of trading above the coveted $20,000 line, bitcoin took a turn for the worse and dropped below that level. Most altcoins are also well in the red, led by FTT’s massive double-digit ...
Alibaba’s international arm invests millions into South Korea expansion
Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nur...
Charts suggest it’s not time to buy the dip in mega-cap tech stocks just yet, Cramer says
Investors who want to capitalize on the struggles of large-cap technology stocks should remain patient, CNBC’s Jim Cramer said Monday, citing technical analysis from Carolyn Boroden. “The ...
I think Tesla is a decent situation
Ring Energy: “This is a small cap. It’s not a dice roll because it’s a legitimate company. I do prefer something that gives you that dividend because you know in the Investing Club, ...
Strong GOP showing in midterm elections likely good for energy
CNBC’s Jim Cramer said he anticipates a near-term rally in energy stocks if Republican candidates perform well in Tuesday’s midterm elections and win a majority in at least one chamber of ...
$25 million raise, revised outlook
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the com...
Wells Fargo’s downgrade of Costco underappreciates value
Wells Fargo downgraded Club holding Costco (COST) in a rare move Monday, citing “brewing headwinds” to the wholesale retailer’s growth momentum. We think this call is a mistake and s...