Month: June 2022
With recession fears surging, UBS dips into the history books to predict what could happen to stock markets
Is a recession in the cards? Market watchers are split on if, and when, a recession will strike the U.S. The major U.S. averages clocked their 10th losing week in 11 last week on fears that an aggressive rate hike cycle by the Fed to rein in soaring inflation will risk causing an economic downturn. […]
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Man pleads not guilty to trying to kill Justice Kavanaugh
A Montgomery County Police officer stands guard as protesters march past Supreme Court Justice Brett Kavanaugh’s home on June 8, 2022 in Chevy Chase, Maryland. Nathan Howard | Getty Images A man who was arrested near Supreme Court Justice Brett Kavanaugh’s home in Maryland earlier this month pleaded not guilty Wednesday to trying to kill […]
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Charts suggest bitcoin could rally over the next few months but likely won’t reach old highs, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said bitcoin could experience a rally over the next few months, though it could be years before it reaches its old highs. “The charts, as interpreted by Tom DeMark, suggest that bitcoin could have a nice relief rally over the next few months, even if he doesn’t see it revisiting […]
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Here’s what China’s e-commerce giants are telling us about the economy
Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING — Alibaba was once the poster child for investing in modern China. Now the e-commerce market that fueled its growth is slowing, while new players […]
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Cramer’s lightning round: I’m sticking with Marvell Technology
Rocket Companies Inc: “I said the Fed was raising rates: you can’t own anything in that area. And the Fed is still raising, so you still can’t.” Marvell Technology Inc: “It’s driving me bonkers that it could be doing so well and it’s stuck right here, down so much. But we’re sticking with it.” Vertex […]
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Watch Part 2 of Jim Cramer’s full interview with Meta CEO Mark Zuckerberg
CNBC’s Jim Cramer spoke with Meta CEO Mark Zuckerberg on Wednesday’s episode of “Mad Money.” Source
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Watch Part 1 of Jim Cramer’s full interview with Meta CEO Mark Zuckerberg
The “Mad Money” host interviewed Meta CEO Mark Zuckerberg on Wednesday’s episode of the show. Source
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Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars
Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the metaverse could be a considerable part of the social-network operator’s business in the second half of the decade. “We hope to basically get to around a billion people in the metaverse doing hundreds of dollars of commerce, each buying digital goods, digital […]
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S&P 500 futures are lower after the major averages dip, investors mull recession concern
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 7, 2022. Brendan McDermid | Reuters S&P 500 futures were lower Wednesday night after the major indexes slipped into the red at the end of regular trading and investors weighed the likelihood of a recession after Federal Reserve […]
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Coinbase shares fall after rival Binance.US drops spot bitcoin trading fees
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares fell almost 10% on Wednesday after rival crypto exchange Binance.US said it’s dropping certain trading fees for customers. Binance.US, the U.S. affiliate […]
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