Day: May 18, 2022
Wingstop is seeing ‘meaningful deflation’ in chicken wings, CEO says
Chicken wings prices have come down in price since soaring last year, Wingstop chief executive Michael Skipworth told CNBC’s Jim Cramer on Wednesday. “Other brands are … going to have to look at pricing in order to manage their margins, and Wingstop is in a very different position in that we’ve seen meaningful deflation in […]
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Google’s Russian subsidiary to file for bankruptcy after bank account seized
The Google logo displayed on a smartphone screen. Kirill Kudryavtsev | AFP | Getty Images Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet […]
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Cramer’s lightning round: Vertex Energy is going higher
“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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Strategist says U.S. stocks are undervalued right now — and names his top picks to buy the dip
Morningstar’ s David Sekera thinks the market sell-off is looking overdone — and reveals the tech stocks he thinks are attractive right now, as well as his picks to ride the return of consumer spending. After years of beating the market, tech stocks have been slammed this year as expectations of aggressive tightening by the […]
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CDC now investigating 180 cases of kids with acute hepatitis of unknown cause
The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters The Centers for Disease Control and Prevention is now investigating 180 cases of children who suddenly developed severe hepatitis across 36 states and territories, an increase of 71 cases since the public health agency’s last update earlier this month. […]
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Stock futures dip slightly after Dow’s worst day since 2020
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images Stock futures dipped in overnight trading Wednesday after the Dow Jones Industrial Average experienced its biggest one-day drop since 2020. Futures on the Dow Jones Industrial Average shed about 30 […]
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Jim Cramer says investors should eye these two lithium stocks
CNBC’s Jim Cramer on Wednesday offered investors two lithium stocks he believes should be on their shopping lists. “Lithium is everywhere, people – it just takes at least eighteen months to get production going, and that’s about how long it’s been since prices started soaring. We’ve already got these smaller players getting ready to come […]
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Melvin Capital says it’s winding down funds and returning money to investors during market turmoil
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as […]
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U.S. Marshals providing ‘around-the-clock security’ at Supreme Court justices’ homes, DOJ says
Police stand outside the home of U.S. Associate Justice Brett Kavanaugh as abortion-rights advocates protest on May 11, 2022 in Chevy Chase, Maryland. Kevin Dietsch | Getty Images The U.S. Marshals Service has been providing “around-the-clock security” at the homes of all nine Supreme Court justices since last week, the Department of Justice said Wednesday. […]
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Fed’s Powell must ‘slay these seven dragons’ for market to recover, Cramer says
CNBC’s Jim Cramer on Wednesday went through a list of economic problems that Federal Reserve Chair Jay Powell needs to address to tamp down inflation and in turn help the stock market rebound. “Right now, Powell’s losing on too many fronts, which means he has to get more aggressive about raising interest rates to cool […]
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