Month: July 2022
China threatens ‘strong measures’ if Pelosi visits Taiwan
Speaker Nancy Pelosi in Washington, D.C., U.S. on Thursday, July 14, 2022. China will take “resolute and strong measures” should the Speaker of the U.S. House of Representatives Nancy Pelosi proceed with reported plans to visit Taiwan, the Chinese Foreign Ministry said Tuesday. Eric Lee | Bloomberg | Getty Images China will take “resolute and […]
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Global chip shortage is not over and the slowdown is ‘going to bite,’ IDC says
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images The global chip shortage is not over yet, and the war in Ukraine continues to put a strain on supplies of important parts needed, one analyst […]
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Charts suggest Tuesday’s rally could ’just be at the beginning,’ Jim Cramer says
CNBC’s Jim Cramer told investors that Tuesday’s market recovery could be the start of a longer rally. “The charts, as interpreted by the legendary Larry Williams, suggest that Wall Street has finally thrown in the towel and some powerful seasonal patterns are finally on the side of the bulls. I wouldn’t be surprised if he’s […]
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Cramer’s lightning round: I like Deere over Mosaic
Mosaic Co: “If you want to be in that group, you should be in Deere, because that’s been able to come back regardless of the cycle of fertilizer.” Novocure Ltd: “It’s still the best thing for experimental and sad brain cancer, and I think it’s going to be the standard for a long time.” Archer-Daniels-Midland […]
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Jim Cramer says stubborn investors are taking the ‘wrong approach’ to the market
CNBC’s Jim Cramer on Tuesday warned investors not to be so set in their ways that they miss the chance to make money. “The level of negativity about stocks at this moment is the highest it’s been in years. … There’s a new class of investors who buy stocks not based on fundamentals, but based […]
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Stock futures edge higher following Dow rally, better-than-expected Netflix earnings
U.S. stock futures edged higher on Tuesday after a sharp rally for the three major indexes during the regular trading session. Dow Jones Industrial Average futures rose 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.16% and 0.32%, respectively. Netflix surged more than 7% in after-hours trading after saying it lost only […]
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Trump urged Wisconsin Assembly speaker in July to decertify Biden 2020 election win
Former US President Donald Trump speaks at a rally endorsing Republican candidates Adam Laxalt and Joe Lombardo (not pictured) July 8, 2022, in Las Vegas. Ronda Churchill | AFP | Getty Images Former President Donald Trump this month called Wisconsin Assembly Speaker Robin Vos and urged him to decertify President Joe Biden’s 2020 election win […]
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Russia is laying the groundwork to annex Ukrainian territory, White House says
Britain’s Ministry of Defense has said that Russian forces, having seized the Luhansk province in the Donbas after weeks of intense shelling, are likely to employ the same tactics to seize Donetsk Scott Olson | Getty Images WASHINGTON – The White House said Tuesday that it has intelligence to indicate Russia is taking steps to […]
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Activision employees announce second union ahead of game company’s sale to Microsoft
Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 8, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images A group of software testers at Activision Blizzard have formed the company’s second union, months before Microsoft is expected to close its nearly $69 […]
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Netflix earnings deemed good enough by investors as shares jump after hours
(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Good enough. Netflix didn’t blow the roof off its second-quarter earnings. It announced it lost about 1 million global subscribers in […]
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