Day: May 3, 2022
Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce
While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a fundamental change in economic and market risks. So, investors may want to resist going all in. “We are going to get an oversold bounce. Sentiment […]
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Australia stocks set for higher start as investors look ahead to Fed rate decision
SINGAPORE — Shares in Australia looked set for a higher start on Wednesday, with investors looking ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Futures pointed to a higher open for Australian stocks. The SPI futures contract was at 7,328, against the S&P/ASX 200’s last close at 7,316.20. Markets in Japan […]
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Cramer’s lightning round: I’ve ‘pulled in my horns’ on Lucid
“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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Democrats’ plan for a federal law to protect abortion rights faces huge hurdles in Congress
U.S. Senator Majority Leader Chuck Schumer (D-NY) addresses media after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, D.C., U.S., May 3, 2022. Michael Mccoy | Reuters WASHINGTON — […]
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Water is so low in the Colorado River, feds are holding some back so one dam can keep generating power
Water levels are at a historic low at Lake Powell on April 5, 2022 in Page, Arizona. Rj Sangosti| Medianews Group | The Denver Post via Getty Images The federal government on Tuesday announced it will delay the release of water from one of the Colorado River’s major reservoirs, an unprecedented action that will temporarily address […]
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Stock futures inch higher ahead of Fed’s big rate decision
Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by half a percentage point. Futures on the Dow Jones Industrial Average were flat. S&P 500 futures inched 0.17% higher, and Nasdaq 100 futures rose […]
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Jim Cramer defends Jay Powell’s inflation policy ahead of Fed rate decision – ‘He’s winning’
CNBC’s Jim Cramer on Tuesday defended Federal Reserve Chair Jay Powell and said that the beaten-down state of previously inflated stocks shows the Fed chief is on the right track to corralling inflation. “I am sick and tired of the critics who keep trying to belittle or humiliate Jay Powell, the Fed chief who … […]
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Lyft shares plunge on light guidance, continued driver incentives
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost more than a quarter […]
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Major companies keep largely silent as leaked Supreme Court abortion draft sparks outrage
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, U.S. May 3, 2022. Elizabeth Frantz | Reuters […]
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SpaceX is expanding the solar farm at its South Texas launch facility
SpaceX’s Starbase facility in Boca Chica, Texas. Michael Sheetz | CNBC SpaceX is expanding the solar farm at its Starbase in Boca Chica, Texas, according to documents obtained by CNBC from the U.S. Fish and Wildlife Service. The FWS documents, known as a draft biological conference and opinion (BCO), reveal that SpaceX is increasing the […]
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