One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric ca...
Tag: Stock markets
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Cramer says investors can buy stock of this software company as a speculative pick
CNBC’s Jim Cramer on Monday said that investors have his permission to buy shares of software company Mitek Systems as a speculative play. “Mitek’s genuinely cheap on an earnings bas...
Matterport is not a buy
Rivian Automotive Inc: “I think Ford stock’s very cheap. They’ve got to sell the rest of [its shares of] Rivian.” Freeport-McMoRan Inc: “Not the time to buy it. I think t...
Stick to ‘boring’ stocks to ride out the cratering market
CNBC’s Jim Cramer on Monday said investors should be in stable, boring stocks to keep their portfolios strong as concerns over inflation roil the market. “If you took your cue from me and ...
Stock futures rise after the S&P 500 closes in an official bear market
U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Averag...
Charles Schwab will pay $187 million to settle SEC robo-advisor claims
The U.S. Securities and Exchange Commission headquarters in Washington on Feb. 23, 2022. Al Drago/Bloomberg via Getty Images Charles Schwab agreed to pay $187 million to settle an SEC investigation in...
Astra Space, Amazon, Revlon, Prologis & more
Amazon is “definitely a stock to own,” according to Sid Choraria, a senior portfolio manager who previously attracted the attention of Warren Buffett. Klaus-Dietmar Gabbert | Picture Allia...
Binance pauses bitcoin withdrawals as crypto sell-off deepens
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty...
Buffett’s son donates $2.7 million to Ukraine after Zelenskyy meeting
Warren Buffett, left, and his eldest son, Howard G. Buffett Peter Kramer | NBC | Getty Images Howard Buffett, son of billionaire investor Warren Buffett, is donating millions of dollars from his found...
Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market,...
Stock futures fall after Wall Street’s worst week since January
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures fell Sunday night as Wall Street tries to recover from one...
There’s nothing stopping former ‘market darlings’ from going lower, Jim Cramer warns
CNBC’s Jim Cramer on Friday warned investors that stock of some newer companies that saw smashing success during the pandemic are continuing to come down, and this may just be the beginning. ...
Avoid ‘bogus’ tech companies that should’ve never gone public
CNBC’s Jim Cramer said Friday that several tech firms that went public in recent years are beginning to realize their missteps, and he warned investors to take their dollars elsewhere. “Th...
Zuora is not a buy
23andMe Holding Co: “At $2, I’m willing to buy the lottery ticket. But make no mistake about it, it is a lottery ticket.” NIO Inc: “I don’t like to buy any of these Chine...
Beijing, Shanghai reimpose some bans
People wait in line for nucleic acid tests to detect COVID-19 at a testing site on June 9, 2022, in Beijing, China. China says it has generally controlled recent outbreaks in Beijing after hundreds of...
Tech CEOs tell me they’re sick of spoiled Silicon Valley employees
CNBC’s Jim Cramer on Thursday said that he expects a “tech exodus” from California in the future, with one of the drivers being tech leaders’ dissatisfaction with their employe...
Brokers look to replace payment for order flow amid SEC crackdown
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing fi...
DocuSign, Vail Resorts, Stitch Fix and others
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and reve...
Six Flags is not a buy
Portillos Inc: “We’re going to have to save that one for later and lower.” Berkshire Hathaway Inc: “I’ve been recommending that stock ever since the week that [Mad Money]...
Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping
Several categories of e-commerce are seeing price decreases and support the expectation that digital shopping among consumers will hold strong, Adobe chief executive Shantanu Narayen told CNBC’s...
Buffett disciple Mohnish Pabrai names his favorite investing books
Looking to invest in stocks with long-term value? Veteran investor Mohnish Pabrai has two books to recommend. Speaking to CNBC Pro Talks, Pabrai — a value investor and disciple of billionaire Warren B...
This SPAC is merging with an already-public company as sponsors get creative before time runs out
Traders on the floor of the NYSE, June 8, 2022. Source: NYSE SPACs are known to be a roundabout investment vehicle to take private companies public. Not this one. Bull Horn Holdings is merging with bi...
Why remaining private is a competitive advantage for PE firm Bain Capital with $160 billion
(Click here to subscribe to the Delivering Alpha newsletter.) Bain Capital, with $160 billion in assets, is one of the largest private, private equity firms. Despite many of its peers going public, li...
Cramer warns investors not to bank on digitization stocks
CNBC’s Jim Cramer on Wednesday advised investors to think twice before investing in digitization stocks while the possibility of a recession looms over the market. “You can’t justify...
The market is worried that oil’s rise may cause a recession
CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels. “...
Stock futures are lower after Wall Street snaps two-day win streak
Stock futures were lower in early morning trading Thursday after the major averages ended the Wednesday regular session lower and U.S. Treasury yields rose. Futures on the Dow Jones Industrial Average...