Day: June 23, 2022
The market could reach an ‘investable’ bottom after analysts cut earnings estimates, Jim Cramer says
CNBC’s Jim Cramer on Thursday said that a possible upcoming slew of earnings estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying. “Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive estimate cuts while more companies […]
Read More
Republicans lawmakers sought Trump pardons on heels of Jan. 6 Capitol riot, committee told
Excerpts from an email by U.S. Rep. Mo Brooks (R-AL) to former White House Chief of Staff Mark Meadows asking for pardons for members of Congress are shown on a screen during the fifth public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol […]
Read More
Cramer’s lightning round: Nokia is ‘right to buy’
Nokia Corp: “I am hearing nothing but positives of late, for the last four weeks, about Nokia. … I think it’s right to buy.” Iron Mountain Inc: “I’ve been behind it because I like that dividend. … I think you’re okay in it.” Tattooed Chef Inc: “That’s a very hard call. Doesn’t make money, and […]
Read More
JPMorgan midyear outlook shocker sees S&P 500 roundtrip to new record
The stock market will likely erase its 2022 losses in the second half as inflation declines and the U.S. economy skirts a recession, according to a top strategist at JPMorgan. Marko Kolanovic, who has remained bullish on stocks in recent months despite sharp declines, said in a note to clients on Thursday that he and […]
Read More
Biden needs to work with big business to beat inflation and help the economy, Jim Cramer says
CNBC’s Jim Cramer on Thursday said President Joe Biden needs to team up with business leaders in order to bring inflation down and help the economy recover. “I’m always pointing out that the major problems come down to supply chain disruptions, a labor shortage, the war in Ukraine and the lockdowns in China. But I […]
Read More
Stocks making the biggest moves midday: WeWork, Snowflake, United Airlines, Rite Aid and more
General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars. (Photo by Jackal Pan/Visual China Group via Getty Images) VCG | Getty Images Check out the companies making headlines in midday trading […]
Read More
Amazon to invest $23 million to increase Seattle’s affordable housing
Grand Street Commons, a project in Seattle supported by the Amazon Housing Equity Fund Amazon Amazon said Thursday that it’s giving minority-led organizations $23 million to build and preserve more than 568 affordable homes in Seattle, a step to ease the local housing crisis. Amazon Housing Equity Fund, which emphasizes aiding households that earn 30% […]
Read More
McDonald’s simplifies franchising policies to attract more diverse candidates
The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s is making changes to how it awards franchises in the hopes of attracting more diverse candidates, the latest shakeup in how the burger chain’s management oversees its franchisees. Starting in 2023, the fast-food giant will […]
Read More
Fanatics is in talks to buy sports betting company Tipico, sources say
Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Fanatics, the sports merchandising company, is in talks to acquire sports betting company Tipico, according to two people familiar with the matter. A deal hasn’t yet been reached, and the two […]
Read More
CDC panel recommends Moderna two-dose Covid vaccine for kids ages 6 to 17
The Centers for Disease Control and Prevention is expected to clear Moderna’s two-dose Covid-19 vaccine for kindergartners through high schoolers for public distribution this week after the agency’s panel of independent vaccine experts unanimously voted Thursday to recommend the shots. The committee endorsed Moderna’s vaccine for kids ages 6 to 17 after examining its safety […]
Read More