Day: May 6, 2022
Starbucks hit with sweeping labor complaint including over 200 alleged violations
Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buffalo, N.Y., issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National […]
Read More
Cramer’s lightning round: Chubb is ‘a great company’
“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
Read More
Jim Cramer warns that the Fed’s fight against inflation will beat down ‘formerly high-flying stocks’
CNBC’s Jim Cramer said Friday that the Federal Reserve’s attempts to crush inflation by raising interest rates will also inevitably bring down “formerly high-flying stocks” — even those that are “legitimate” companies. The stock market is “a major risk to containing inflation. It’s not just collateral damage, it’s one of [Fed Chair Jay Powell’s] targets. […]
Read More
David Tepper calls Fed’s tightening signal an ‘unforced error’ that’s brought ‘unhinged’ markets
David Tepper said the market turmoil this week was partly caused by the Federal Reserve’s messaging on its aggressive tightening schedule. Source
Read More
Italy freezes superyacht reportedly linked to Russian President Vladimir Putin
The Scheherazade 459-foot superyacht docked at the shipyard in Marina Di Carrara, Italy, on Wednesday, March 23, 2022. Francesco Mazzei | Getty Images WASHINGTON — The Italian government on Friday froze a yacht with reported links to Russian President Vladimir Putin, blocking the vessel from leaving its port. The Italian Finance Ministry said an investigation […]
Read More
Couples cut wedding expenses as inflation and demand make walking down the aisle pricier
Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, will hop on a plane from Florida to South America early next year for a destination wedding. The international trip wasn’t their original plan, but […]
Read More
All-out war on Ukraine? Putin could be gearing up for something big on May 9
Russian military vehicles rehearse ahead of Russia’s ‘Victory Day’ military parade marking the 77th anniversary of the victory over Nazi Germany in World War II, at Red Square in Moscow, Russia on May 4, 2022. Anadolu Agency | Anadolu Agency | Getty Images As Russia approaches one of the most significant days in its calendar, […]
Read More
Cramer’s week ahead: Own recession-proof names and have cash ready for when stocks ‘come roaring back’
CNBC’s Jim Cramer said Friday that enduring the current market is a waiting game for a rally — and investors need to be prepared for when that happens. “Your portfolio should be split among some cash and some stocks that can thrive in a recession. … You need to accept the fact that we’re simply […]
Read More
Trump lawsuit asking to lift Twitter ban is dismissed
Former President Donald Trump Tom Brenner | Reuters A judge on Friday dismissed a lawsuit by former President Donald Trump seeking to lift his ban from Twitter. But San Francisco federal district court Judge James Donato left the door open for Trump and other plaintiffs to file an amended complaint against Twitter that is consistent […]
Read More
‘Pass the damn bill’: Biden demands chips legislation to counter China tech rise
U.S. President Joe Biden arrives to deliver remarks during a visit at United Performance Metals in Hamilton, Ohio, May 6, 2022. Elizabeth Frantz | Reuters President Joe Biden on Friday demanded Congress swiftly pass the Bipartisan Innovation Act, a multibillion dollar investment in the U.S. semiconductor industry that Republicans and Democrats say will help insulate […]
Read More