Month: May 2022
Online grocery delivery platform Instacart confidentially files for IPO in the U.S.
A shopper prepares fill his cart at a Giant supermarket in Washington, DC, April 6, 2020. Evelyn Hockstein/The Washington Post via Getty Images) Grocery delivery platform Instacart said late Wednesday it has filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC), paving the way for the firm to list its shares. […]
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China may chalk up more debt as lockdowns hit the economy
Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. […]
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Retail investors are continuing to buy the dip in tech despite recent turmoil, says TD Ameritrade
Retail investors have continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. “Our indicators, TD Ameritrade [Investor Movement Index], just came out this morning indicating indeed that the retail traders are continuing to buy the dip,” Kahling, head of international […]
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North Korea officially reports first Covid-19 outbreak
North Korea officially confirmed its first Covid-19 outbreak on Thursday, with state media reporting a sub-variant of the highly transmissible omicron virus, known as BA.2, had been detected in Pyongyang. Kim Won Jin | Afp | Getty Images North Korea officially confirmed its first Covid-19 outbreak on Thursday, with state media reporting a sub-variant of […]
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Uber, Lyft and more: Goldman says buy these stocks to cash in on a $25 trillion opportunity
Goldman Sachs has picked a slew of buy-rated stocks that it says are currently “underappreciated” by the market, predicting that they will benefit from new business models that could be worth $25 trillion by 2050. Goldman’s picks include ride-hailing services Uber and Lyft , as well as sportswear firms Nike and Adidas and several waste […]
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Disney did not give us everything this quarter, but parks and streaming really delivered
It wasn’t a perfect quarter, but we’re pleased to see theme park operating income and Disney+ subscriber additions beat expectations. Source
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Asia-Pacific markets slip after data shows U.S. inflation near 40-year highs in April
Stock picks and investing trends from CNBC Pro: The U.S. consumer price index surged 8.3% in April as compared with a year ago — near the highest level in more than 40 years, official data showed Wednesday, . The April reading, which represented a slight ease from March’s peak, was also above the Dow Jones […]
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Stock market’s dismal performance is ‘part of the fight against inflation,’ Jim Cramer says
CNBC’s Jim Cramer said Wednesday that while the hot consumer price index suggests the Federal Reserve is losing in its struggle against inflation, the dismal performance of stocks, particularly in the Russell 1000, offers a different view. “When I talk about the Fed winning or losing the fight against inflation, I mean the fight to […]
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Cramer’s lightning round: I like Blackstone over KKR
“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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Unity CEO says ‘we expect to be profitable’ in Q4 after rough quarter
Unity Software expects slower growth in the second and fourth quarters while rebuilding its data but expects to be profitable at the end of the year, chief executive John Riccitiello told CNBC’s Jim Cramer on Wednesday. “We brought our guidance down, and what that’s about is [a] self-inflicted wound. We did some things on the […]
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