Day: August 1, 2022
Cramer’s lightning round: I like Costco over Big Lots
“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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Watch live: Biden addresses the nation after U.S. strike in Afghanistan kills top al-Qaeda leader
[The feed will begin at 7:30 p.m. ET] WASHINGTON — President Joe Biden will announce Monday that a CIA counterterrorism strike in Afghanistan killed al-Qaeda leader Ayman al-Zawahiri, two sources familiar with the matter told NBC News. The Associated Press first reported that al-Zawahiri was killed in the operation. The strike “was successful and there […]
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AGCO CEO says he expects grain shortage to last into next year
Global grain shortages will likely last through the end of this year and into next year, AGCO Corp CEO Eric Hansotia told CNBC’s Jim Cramer on Monday. “There’s just not enough grain in the world, and there won’t be for the rest of this year and probably even into next year. We have to have […]
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Cramer’s week ahead: Jobs report on Friday will make or break July’s rally
CNBC’s Jim Cramer on Monday said the most important data this week is the Bureau of Labor Statistics release of the July nonfarm payrolls report on Friday morning. “If it shows some job growth with no wage inflation, then the fabulous July rally can stand. But if it shows booming hiring with exceptionally large wage […]
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Home prices cooled at a record pace in June, according to housing data firm
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the wider economy caused […]
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Biden administration faces midnight court deadline to defend $350 billion of Trump’s China tariffs
WASHINGTON — The Biden administration faces a legal deadline at midnight to defend former President Donald Trump’s China tariffs, even as the White House considers scaling them back to lower consumer prices and ease inflation. Scores of companies sued the Trump administration in September 2020, arguing the process of implementing a third and fourth tranche […]
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Stocks making the biggest moves after hours: Pinterest, Simon Property Group, Avis Budget and more
Check out the companies making headlines after the bell: Pinterest — Shares of the image-sharing company popped more than 19% despite a miss on the top and bottom lines as activist investor Elliott Management revealed it is now the largest investor. The company also beat monthly active user estimates. Simon Property Group — Simon Property’s […]
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Family Dollar hit with $1.2 million in OSHA fines for violations at 2 Ohio stores
A vehicle drives through the parking lot outside a Family Dollar Stores Inc. store in Chicago, Illinois, on Tuesday, March 3, 2020. Daniel Acker | Bloomberg | Getty Images Federal regulators have fined Family Dollar more than $1.2 million in penalties related to safety violations at two Ohio stores, the Department of Labor’s Occupational Safety […]
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Koch network pressures Sens. Manchin, Sinema to oppose $739 billion tax-and-spending bill
Sen. Kyrsten Sinema, D-Ariz., and Sen. Joe Manchin, D-W.Va., board an elevator after a private meeting between the two of them on Capitol Hill on Thursday, Sept. 30, 2021 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images The political network backed by billionaire Charles Koch launched an ad blitz targeting Sens. […]
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Pinterest climbs on user numbers and Elliott investment even as financials disappoint
A woman walks past sign at the headquarters of Pinterest in the South of Market neighborhood of San Francisco. Smith Collection | Gado | Archive Photos | Getty Images Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott […]
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