Day: June 8, 2022
Ethereum just completed a successful dress rehearsal for its most important upgrade ever
INA FASSBENDER | AFP | Getty Images Ethereum just completed its first big dress rehearsal for a long-awaited makeover that will be its most significant overhaul since the digital currency was launched nearly a decade ago. Cryptocurrencies such as ethereum and bitcoin are often criticized for the process of mining to generate new coins. Both […]
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Cramer’s lightning round: NRG Energy is a buy
“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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House passes sweeping gun bill to raise assault rifle purchase age to 21; plan faces long odds in the Senate
Speaker of the House Nancy Pelosi (D-CA) speaks at a rally with gun violence prevention organizations, gun violence survivors and hundreds of gun safety supporters demanding gun legislation, ouside the United States Capitol in Washington, June 8, 2022. Evelyn Hockstein | Reuters The House on Wednesday passed a sweeping gun bill that would raise the […]
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Cramer warns investors not to bank on digitization stocks
CNBC’s Jim Cramer on Wednesday advised investors to think twice before investing in digitization stocks while the possibility of a recession looms over the market. “You can’t justify owning these unless you believe the [Federal Reserve] will quickly beat inflation without needing to do much more to damage the economy. I think that’s a real […]
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The market is worried that oil’s continued rise may cause a recession, Cramer says
CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels. “As long as oil prices keep climbing, it’s hard to make the case for a soft landing. Oil’s a nightmare for the Fed. It […]
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Stock futures are flat on Wednesday evening
Traders work on the floor of the New York Stock Exchange during morning trading on June 08, 2022 in New York City. Michael M. Santiago | Getty Images Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose. Futures on the Dow Jones […]
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A wholly owned subsidiary of Apple will extend loans for its Pay Later product
Apple CEO Tim Cook poses for a portrait next to a line of new MacBook Airs as he enters the Steve Jobs Theater during the Apple Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California on June 6, 2022. Chris Tuite | AFP | Getty Images A wholly owned subsidiary of Apple […]
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Cathie Wood has been buying the dip in Tesla following the EV company’s 40% pullback
Ark Invest’s Cathie Wood has been adding shares of Tesla in her various funds after the electric vehicle maker’s 40% pullback from its record high. The closely followed innovation investor bought at least 50,000 shares of Tesla over the past two weeks for her flagship Ark Innovation ETF , Ark Autonomous Technology and Robotics ETF […]
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Volkswagen is ‘actively’ looking to build new electric vehicle and battery facilities in the U.S., exec says
Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018. David Paul Morris | Bloomberg | Getty Images CHATTANOOGA, Tenn. – Volkswagen is “actively” looking to establish new assembly and battery facilities in the U.S., Volkswagen of America CEO Scott Keogh told CNBC on Wednesday. Keogh declined to discuss potential locations for such operations. The […]
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This stock stands to benefit from the retail glut that Target warned about
After Target (TGT) lowered its margin guidance for the second quarter, here’s where the CNBC Investing Club would look in the retail sector. Source
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