Month: May 2022
Survey of 30 market strategists reveals when they think the next U.S. recession will begin
CNBC International asked 30 high-profile market strategists when they see a recession for the world’s biggest, most capitalized economy. Source
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Rocket Lab helicopter catches but drops rocket booster in first reuse attempt
The Electron booster comes into view of the company’s helicopter for the catch. Rocket Lab Space company Rocket Lab briefly caught its Electron rocket using a helicopter after a launch for the first time on Monday, but released the booster and dropped it into the ocean before recovering it. “After the catch the helicopter pilot […]
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‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six months later. You […]
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Cramer’s lightning round: I like Magna over Tenneco
“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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Australian markets set to fall ahead of closely watched interest rate decision
SINGAPORE — Stocks in Australia were poised to fall Tuesday ahead of a rate decision by the country’s central bank. Futures pointed to a lower open for Australian stocks. The SPI futures contract was at 7,299, as compared to the S&P/ASX 200’s last close at 7,347. Economic data in the day ahead includes Australia’s interest […]
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India’s record-setting heat wave in pictures
People outside holding an umbrella during hot summer day in Kolkata, West Bengal, India on April 26. The temperature in Kolkata was around 40°c. Pacific Press | Lightrocket | Getty Images India has been suffering under record-breaking heat for the last couple months. Last month was the third-hottest April the country has seen over the […]
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Best Buy CEO says gaming engagement will continue across platforms even as people return to in-person activities
Best Buy CEO Corie Barry told CNBC’s Jim Cramer on Monday that she believes consumers will continue to seek out gaming and products related to it, even as in-person activities abound. “Gaming is much bigger than any cycle. It is social, it is [virtual reality], it is console, it is computing. It is for fun, […]
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Stock futures are lower after big market reversal to start May
U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 59 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively. Earlier in the day, the major averages posted a wild up-and-down session with the Nasdaq […]
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Atlassian co-CEO invests in Australian energy company to force it to go greener
Atlassian Co-CEO Mike Cannon-Brookes poses for a photo with Utah Jazz co-owners, Dwyane Wade and Ryan Smith during Round 1 Game 3 of the NBA Playoffs on April 21, 2022 at vivint.SmartHome Arena in Salt Lake City, Utah. Melissa Majchrzak | National Basketball Association | Getty Images Atlassian Co-CEO Mike Cannon-Brookes has taken an 11% […]
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Stocks making the biggest moves after hours: Chegg, Clorox, Devon Energy and more
Check out the companies making headlines after hours. Chegg — Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most recent quarter, Chegg reported earnings of 32 cents per share on revenues of $202 million. Analysts surveyed by Refinitiv were expecting earnings of 24 cents per […]
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