Month: May 2022
Goldman names the Chinese tech stocks it says will weather the supply chain crisis
Investors worried about the supply chain shocks from China’s Covid lockdowns can look to these tech stocks, according to Goldman Sachs. Goldman analysts said in a note on May 3 that the share price slump in the sector has likely “priced in the lockdown impact.” On top of the supply chain disruptions from Beijing’s strict […]
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Forget Nvidia? Fund manager says another chip firm is ‘the world’s best business’
Investor favorites Nvidia and Advanced Micro Devices have taken a beating this year amid a broader tech sell-off and now look ripe for investors to buy the dip. But fund manager Jordan Cvetanovski is putting his money into other chip stocks — including one he says is “the world’s best business.” The iShares Semiconductor ETF, […]
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Cramer’s lightning round: I’m going to pass on Harley-Davidson
Harley-Davidson Inc: “We’re going to have to take a pass on it. … Even though it’s cheap, it’s not what we want.” Talos Energy Inc: “It’s a little small for me, but it’ll do the job. … I think you’ll do fine in that one.” AT&T Inc: “AT&T is making a comeback. … You can […]
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Salesforce tells employees worried about abortion access that it will help them relocate
CEO of Salesforce Marc Benioff attends a meeting with U.S. President Joe Biden and private sector CEOs in the State Dining Room of the White House on January 26, 2022 in Washington, DC. Drew Angerer | Getty Images Salesforce told employees in a Slack message on Thursday that the company will help them relocate if […]
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Asia-Pacific stocks set for lower start as Fed’s Powell warns he can’t guarantee ‘soft landing’
SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Friday, as investors continue to remain cautious over inflation and the global economic outlook. The Nikkei futures contract in Osaka sat at 25,700, as compared against the Nikkei 225’s last close at 25,748.72. Australian stocks also appeared poised for a lower start, with […]
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Enterprise and desktop PCs still ‘a healthy market’ as personal PCs see slowdown, says Micron CEO
Micron chief executive Sanjay Mehrotra told CNBC’s Jim Cramer on Thursday that the market for enterprise and desktop PCs remains healthy despite the personal PCs market experiencing a slowdown. “It’s not like anything is falling off the cliff,” Mehrotra said in an interview on “Mad Money.” “Yes, while consumer PCs lately are not experiencing the […]
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Jim Cramer says investors shouldn’t allow a tumultuous market prevent them from finding ‘better opportunities’
CNBC’s Jim Cramer on Thursday said that while investors should tread carefully as the stock market continues to be stormy, they also shouldn’t be afraid to make moves to strengthen their portfolios. “We want to be very careful to buy stocks with stories that can handle a slowdown. … A good portfolio manager never sells […]
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Want to travel to space? In 2024, balloons might take you part of the way there
Nearly half of Americans want to travel to space. But that means the other half doesn’t, according to a 2021 survey by ValuePenguin, one of LendingTree’s financial research websites. Nearly 40% said space travel was too dangerous, while others worried about environmental impact and costs. Soon there will be an option that addresses those worries, […]
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Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake
Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission. Shares of the investing company jumped 36% at one point in extended trading before pulling back. They were last up about 25%. In regular trading Thursday the stock hit […]
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Jan. 6 probe subpoenas Republican House leader Kevin McCarthy, other lawmakers allied with Trump
House Republican leader Kevin McCarthy and four other GOP lawmakers allied with former President Donald Trump were subpoenaed by the select committee investigating the Jan. 6 Capitol riot, the panel said Thursday. The move marked the first time the bipartisan investigation has issued subpoenas to sitting members of Congress. The dramatic step came less than […]
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