Day: July 14, 2022
Jim Cramer says investors should eye these 5 downtrodden stocks
CNBC’s Jim Cramer on Thursday said that investors should search for buying opportunities among stocks being hammered by the turbulent stock market. “You could argue that for many groups, this bear market’s simply about working off the excesses of the past two years. … However, for some stocks, the sell-off has even been worse than […]
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Cramer’s lightning round: I wouldn’t mind buying Microchip Technology down here
“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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For bitcoin to bottom here’s what the market wants to see — and it could mean a further 30% drop
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images An improvement in macroeconomic factors, a particular trading pattern and a further shakeout of companies and projects could be the key ingredients required for bitcoin and the broader crypto market to bottom, industry players told CNBC. Bitcoin has plummeted more than 70% from its […]
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Look past the ‘misery’ and remember that the market will eventually recover, Jim Cramer says
CNBC’s Jim Cramer on Thursday reminded investors to stay the course in the market, as the pain will eventually go away. “The fact is, if you own stocks right now, the odds favor that you’re going to lose money. So why not just get out and circle back at a better moment? … Because losing […]
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General Motors is handling production issues on a ‘weekly basis,’ CEO Mary Barra says
General Motors is still dealing with production snags that will last into next year, CEO Mary Barra told CNBC’s Jim Cramer on Thursday. “It’s gotten better this year than last year, but really this will go into ’23. … It’s going to take additional capacity,” Barra said in an interview on “Mad Money.” “But right […]
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Fed Governor Waller expects 0.75 percentage point hike, but open to a larger one
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said he’s willing to consider what would be the most aggressive interest rate […]
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Stock futures rise as Wall Street awaits more major bank earnings
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. Brendan Mcdermid | Reuters U.S. stock futures rose Thursday night after the Dow Jones Industrial Average declined following a disappointing start to second quarter earnings from the country’s largest banks. More major bank results are […]
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Senate could proceed on slimmer, chip-focused China competitiveness bill next week
The U.S. Senate could begin work on a pared-down China competitiveness bill as soon as next week, with the goal of passing it through Congress before lawmakers depart Washington in August, NBC News reported Thursday. Senate Majority Leader Chuck Schumer, D-N.Y., has told senators that a floor vote could come as early as Tuesday to […]
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Powell, Clarida cleared of wrongdoing in Fed trading controversy
Controversial trading activities from Federal Reserve Chairman Jerome Powell and former Vice Chairman Richard Clarida didn’t break any rules or laws, the central bank’s Office of Inspector General ruled Thursday. The report covered a period from 2019-21 when the two top-ranking officials traded stocks and funds while the central bank used monetary policy to influence […]
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This map shows the 16 U.S. stores that Starbucks is set to close because of safety concerns
Starbucks will close 16 U.S. stores, mostly on the West Coast, by the end of July because of safety concerns, according to the company. Most of the stores set to close are in the Los Angeles and Seattle metro areas. “We’ve had to make the difficult decision to close some locations that have a particularly […]
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