Day: February 3, 2023
Cramer’s week ahead: Take advantage of the bull market by selling some shares
CNBC’s Jim Cramer on Friday advised investors to ring the register on some of their positions to take advantage of the bull market. “I don’t know if we can continue this week’s bizarrely bullish behavior, but it’s worth sticking around and … you can trim a bit of some stock that you’re up a lot,” […]
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Jury uncover Musk, Tesla not liable in securities fraud trial pursuing ‘funding secured’ tweets
Tesla CEO Elon Musk and his stability detail depart the firm’s regional business in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla ended up uncovered not liable by a jury in a San Francisco federal courtroom on Friday in a course motion securities fraud demo stemming from tweets Musk designed in […]
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New York business office of Rep. George Santos vandalized with graffiti, police say
U.S. Rep. George Santos (R-NY) leaves the Capitol Hill Club as users of the press adhere to him on January 31, 2023 in Washington, DC. Alex Wong | Getty Illustrations or photos Information | Getty Photos The New York district place of work of U.S. Rep. George Santos was vandalized with graffiti that spelled out […]
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Ford sold 91 million shares of EV startup Rivian last year
RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to the Detroit automaker’s annual report submitted to the Securities and Exchange […]
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Vince McMahon open to leaving WWE for good if he sells the company, CEO Nick Khan says
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company “if it’s the right deal,” according to WWE CEO Nick Khan. Shares of the company closed […]
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Tech stocks just finished a five-week rally — the longest stretch since market peak in Nov. 2021
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in Nov. 2021. Coming off its worst year since 2008, the […]
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Don’t risk a tax audit. Here are four reasons the IRS may flag your return
dmphoto | E+ | Getty Images Tax season is underway, and there’s been increased scrutiny of the IRS as it starts deploying part of the nearly $80 billion in funding approved for the agency by Congress in August. While Treasury Secretary Janet Yellen has said goals include boosting customer service and improving technology, critics have […]
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Ford’s CEO needs to deliver by next quarter, or we’re moving on from the stock
Ford Motor (F) CEO Jim Farley on Friday said the automakers’ messy fourth quarter was a function of its transition to a new business structure that limited production capacity, combined with poor execution. But we remain disappointed in the results, and need to see an increase in profitability to stick with the stock after the […]
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Hong Kong is providing away 500,000 flights this year—here’s what to know
If you might be searching for a exciting journey and a free of charge flight, it could be time to turn your eye to Hong Kong. On Thursday, the city’s leader John Lee declared Hong Kong is giving away 500,000 aircraft tickets this calendar year to really encourage tourism. The giveaway will begin in March […]
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Nordstrom could use an activist, but Ryan Cohen might not be the right one
Buckle up, Nordstrom shareholders. Volatile trading is ahead. Activist investor Ryan Cohen is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC. Cohen’s interest in the company was first reported by The Wall Street Journal . Not surprisingly, Cohen’s entry has […]
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