Day: June 10, 2022
Jim Cramer says to avoid ‘bogus’ tech companies that should’ve never gone public
CNBC’s Jim Cramer said Friday that several tech firms that went public in recent years are beginning to realize their missteps, and he warned investors to take their dollars elsewhere. “The companies out here in San Francisco have only just begun to realize that they overexpanded and, in many cases, some of these companies should […]
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Cramer’s lightning round: Zuora is not a buy
23andMe Holding Co: “At $2, I’m willing to buy the lottery ticket. But make no mistake about it, it is a lottery ticket.” NIO Inc: “I don’t like to buy any of these Chinese stocks. … Let’s move on.” Mirati Therapeutics Inc: “Understand that you can lose all that you put in. But as a […]
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Union announces daytime work stoppage at congested Port of Oakland
In an aerial view, a container ship sits docked at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images A crucial port workers union is shifting a planned work stoppage to daytime hours June 20 at the already-congested Port of Oakland in California, just days before the expiration […]
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Tesla files for 3-for-1 stock split
Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Tesla just filed its annual proxy statement with the SEC and revealed it plans a three-for-one stock split, and that board member Larry Ellison does not plan to stand for re-election. In the filing, the company […]
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The Fed will raise rates in the week ahead but what Fed chief Powell says may matter most
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images The week ahead may all come down to […]
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Jan. 6 probe’s first hearing accused Trump of fueling election conspiracy. Here’s what’s coming next
The House Select Committee to Investigate the January 6th hearing listen to a video of President Donald Trump in the Cannon House Office Building on Thursday, June 9, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images In its first public hearing, the House select committee investigating the Jan. 6 Capitol […]
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Apple CEO Tim Cook pushes for privacy legislation ‘as soon as possible’ after visit to Congress
Tim Cook speaks onstage at the TIME100 Summit 2022 at Jazz at Lincoln Center. Jemal Countess | Getty Images Entertainment | Getty Images U.S. lawmakers should advance privacy legislation currently being debated “as soon as possible,” Apple CEO Tim Cook said in a letter to Congress on Friday. Cook sent the letter a day after […]
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Some monkeypox patients also have sexually transmitted diseases, CDC says
Some people recently diagnosed with sexually transmitted diseases may also have monkeypox, the Centers for Disease Control and Prevention said, warning physicians that they need to watch and test for both since monkeypox can look a lot like an STD. CDC Director Rochelle Walensky said some patients with monkeypox also had syphilis, herpes, gonorrhea or […]
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Some economists predict the Fed will hike rates by as much as 0.75% next week
An unexpectedly hot inflation reading prompted a duo of economists from major Wall Street firms to call for a monster rate hike at the Federal Reserve’s policy meeting next week. Barclays economist Jonathan Millar said the Fed now has good reason to surprise markets by hiking more aggressively than expected in June due to Friday’s consumer […]
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Trump’s Air Force One paint scheme scrapped by Biden
A model of the proposed paint scheme of the next generation of Air Force One is on display during a meeting between U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau in the Oval Office of the White House June 20, 2019 in Washington, DC. Alex Wong | Getty Images The Biden administration will […]
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