Month: April 2022
As the dollar jumps to two-year highs, the ‘Fast Money’ traders deliver winners and losers
Wall Street may be underestimating the dollar’s jump to two year highs. “With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market in general,” “Fast Money” trader Guy Adami said on Tuesday. “A stronger dollar, as counterintuitive as it may be, is not good for […]
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Shares in Asia-Pacific edge higher as investors monitor Covid in China, yen moves
SINGAPORE — Shares in Asia-Pacific edged higher in Thursday morning trade as investors continue to watch China’s Covid situation along with moves in the Japanese yen. The Nikkei 225 in Japan gained 0.39% while the Topix index advanced 0.23%. South Korea’s Kospi climbed 0.31%. Over in Australia, the S&P/ASX 200 nudged fractionally higher. MSCI’s broadest […]
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Cramer explains why seasoned technical analyst Larry Williams expects inflation to peak and the market to rally into June
CNBC’s Jim Cramer on Wednesday said inflation could peak and the market could recover soon, leaning on chart analysis from legendary market technician Larry Williams. “The charts and the history, as interpreted by Larry Williams, suggest one crazy thing, which is that inflation could soon peak, and then the second crazy thing, which is the […]
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Cramer’s lightning round: AstraZeneca is a pass
Intuitive Surgical Inc: “ISRG is one of those stocks – you must not look at it on a day-to-day basis. You look at it on a year-to-year basis, that’s how good their machines are.” Banco Santander SA: “I looked at it multiple times to own it for the Charitable Trust. I just can’t summon myself […]
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Buy the dip on ‘best-of-breed stock’ Halliburton, Jim Cramer says
CNBC’s Jim Cramer on Wednesday advised investors to buy Halliburton stock while it’s down after a less-than-ideal quarter from industry peer Baker Hughes. Cramer said that though Halliburton posted “fantastic” results, the stock got hit after rival Baker Hughes posted a bad quarter. “I think you’ve got to use this rare opportunity to buy a […]
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Elon Musk says he thinks inflation is worse than reported and likely to continue through 2022
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters On Tesla’s first-quarter earnings call Wednesday, CEO Elon Musk said he thinks that inflation is worse than reported and is likely to last all year in 2022. U.S. inflation rose 8.5% annually in March to […]
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Apple union organizers in Georgia say they were inspired by Amazon warehouse workers
Employees leading a unionization drive at an Apple retail store in Georgia were inspired by Amazon employees who tried to unionize a warehouse in Bessemer, Alabama, during the Covid pandemic. The remarks, which members of the Apple union organizing committee made in an interview with CNBC, show that the high-profile union drive at an Amazon […]
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Bill Ackman sells Netflix stake after post-earnings plunge
Ackman on Jan. 26 announced he purchased more than 3.1 million shares of Netflix, making him a top-20 shareholder. Source
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Lululemon will debut monthly memberships for clothes, events and classes in a bid for loyal customers
Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon is launching a membership program — and it’s about more than workout clothes. The athletic apparel retailer will debut two tiers of memberships, one free and one paid, in a bid to build a stronger base of loyal customers. The […]
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Trump asks judge not to hold him in contempt, says he complied with subpoena from NY attorney general
New York State Attorney General Letitia James in New York City, November 19, 2019. Lucas Jackson | Reuters Former President Donald Trump asked a judge to reject New York Attorney General Letitia James’ bid to hold him in contempt for allegedly failing to comply with a subpoena as part of a civil investigation into his […]
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