Day: March 24, 2022
Agco CEO says Russia-Ukraine war’s potential consequences on global food supply is ‘a really big deal’
Diminished food supply resulting from Russia’s invasion of Ukraine has potential consequences beyond empty stomachs, Agco chief executive Eric Hansotia told CNBC’s Jim Cramer on Thursday. According to Hansotia, about “13% of the global calories came out of production” when Russian and Ukrainian borders shut down. “This is a really big deal, because when that […]
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Russia is considering selling its oil and gas for bitcoin as sanctions intensify from the West
Employees pass beneath pipes leading to oil storage tanks at the central processing plant for oil and gas at the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia. Andrey Rudakov | Bloomberg | Getty Images Faced with stiffening sanctions from Western countries over its invasion of Ukraine, Russia is considering […]
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Morgan Stanley says these Chinese stocks could rebound — Alibaba, Tencent aren’t on the list
Morgan Stanley analysts have picked some Chinese stocks they say are oversold and have a greater chance of rebounding after supportive comments from Beijing. Source
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Cramer’s lightning round: Stanley Black & Decker is a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Stock futures are little changed as S&P 500 looks for second straight positive week
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed on Thursday evening after a bounce-back session on Wall Street. Futures tied to the Dow Jones Industrial Average ticked up 11 points, or less than 0.1%. […]
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Hedge funds choosing ‘fresh’ stocks over obvious winners drove Thursday’s rally, Jim Cramer says
CNBC’s Jim Cramer said that Thursday’s rally was driven by hedge fund managers’ desire for fresh stocks over trusted winners and that investors should not overthink the currently seesawing market. “Traders wanted something new — not Archer-Daniels-Midland or Exxon, but AMD and Estee Lauder,” the “Mad Money” host said. “The hedge funds are in charge […]
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‘Risky but it’s a necessity’: Macron wants to push back France’s retirement age to 65
France’s Finance Minister Bruno Le Maire speaks to journalists. Horacio Villalobos | Getty Images News | Getty Images Emmanuel Macron’s finance minister has admitted that trying to push back France’s retirement age is a “risk” for the president as he seeks reelection, but one that is necessary to reinforce and protect the French social system. […]
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Stocks making the biggest moves after hours: The Honest Company, Tilray and more
: The Honest Company founder and chief creative officer Jessica Alba and The Honest Company CEO Nick Vlahos ring the Nasdaq Stock Market opening bell to mark the company’s IPO at NASDAQ MarketSite on May 05, 2021 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Honest Company ) Dimitrios Kambouris | Getty […]
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U.S. charges 4 Russian government officials over two prior hacking campaigns
U.S. Attorney General Merrick Garland speaks at the Department of Justice, in advance of the one year anniversary of the attack on the U.S. Capitol, in Washington, Wednesday, Jan. 5, 2022. Carolyn Kaster | Pool | Reuters The U.S. unveiled criminal charges against four Russian government officials on Thursday, saying that between 2012 and 2018 […]
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Supreme Court nominee Ketanji Brown Jackson’s confirmation hearings just ended — here’s what happens next
Supreme Court nominee Ketanji Brown Jackson’s confirmation hearings concluded Thursday, bringing her one big step closer to becoming the first Black woman to sit on the nation’s top court. Jackson, a 51-year-old federal judge and President Joe Biden’s first Supreme Court pick, will likely have to wait at least two weeks before the Senate votes […]
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