Day: June 17, 2022
Cramer’s lightning round: Rapid7 is not a buy
Abbvie Inc: “I think the answer is that Abbvie, which we own big for our Charitable Trust, goes higher.” NVIDIA Corp: “You have to buy it gingerly. Why? Because the sellers just come out of the woodwork every time the stock goes up. But I’m with [CEO] Jensen Huang. … I’m going to say, buy.” […]
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Cramer’s week ahead: ‘Sell stocks into any rally’ as the Fed curbs any market bounce
CNBC’s Jim Cramer on Friday warned investors that any upcoming market rallies will be temporary as the Federal Reserve turns up the heat in its fight against inflation. “Until we see a pattern of higher unemployment, lower consumer spending and lower oil prices, just presume that you need to sell stocks into any rally because […]
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Ginni Thomas-tied Facebook group ‘FrontLiners for Liberty’ could be a new focus in Jan. 6 investigation
(L-R) Associate Supreme Court Justice Clarence Thomas and his wife and conservative activist Virginia Thomas arrive at the Heritage Foundation on October 21, 2021 in Washington, DC. Drew Angerer | Getty Images A Facebook group that appears to be run by Virginia “Ginni” Thomas, the wife of Supreme Court Justice Clarence Thomas, could become a […]
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Warner Bros. is under pressure to address ‘The Flash’ star Ezra Miller’s spiraling legal scandals
It’s time for Warner Bros. Discovery to talk about Ezra Miller, according to crisis management experts. The actor, who portrays superhero The Flash in the studio’s DC Extended Universe, including in an upcoming big-budget film, has come under scrutiny in recent months for a pattern of disturbing behavior and allegations of misconduct. Miller, 29, made […]
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Brex drops tens of thousands of small business customers as Silicon Valley adjusts to new reality
Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California. Steve Jennings | Getty Images Brex, the Silicon Valley lender to start-ups, is dropping tens of thousands of small business customers to focus on bigger venture-backed clients, according to […]
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Starbucks’ North American head to leave the company as chain shakes up leadership
A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks’ North American president Rossann Williams is leaving the company and will be replaced by the head of the coffee chain’s Asia Pacific division. The announcement Friday marks […]
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As SEC charges first brokerage to run afoul of new investor protection rule, here’s how to find a good financial advisor
Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwater getaway or faking their death in an airplane crash. Then there are the high-profile fraudsters such as Bernie Madoff, who masterminded the nation’s […]
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Ron Baron says this is a once-in-a-generation buying opportunity as stocks tumble into bear market
Longtime investor Ron Baron believes investors are being presented with a once-in-a-lifetime buying opportunity after stocks fell into a bear market on fears of a recession. “Hope you’re able to get someone or lots of someone to tell your viewers that this is HUGE once in generation BUYING opportunity,” Baron said in an email sent […]
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Bank of America economist says his ‘worst fears around the Fed have been confirmed’
The Federal Reserve waited too long to start fighting inflation and now runs the risk of dragging the economy into a recession, according to Bank of America’s top economist. On the heels of the central bank’s 75 basis point rate hike Wednesday, BofA global economist Ethan Harris said the Fed is being forced into such […]
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Some big investors called the Fed-led market mayhem. Here’s where they are hiding out
Some of Wall Street’s biggest investors saw it coming. It’s turning into a week of vindication for a handful of notable investors, from Stanley Druckenmiller to David Einhorn and Paul Tudor Jones, who have long been warning about the Federal Reserve’s inability to engineer a soft landing. The S & P 500 tumbled in the a […]
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