Day: December 20, 2024
Tech stocks are among those that are still cheap and loved by Wall Street heading into 2025
Several technology stocks are among those that are still attractively valued in the face of mounting concerns of an AI-fueled tech bubble. Megacap technology stocks have had a monster run this year in a rally that’s stretched into yearend on hopes of profit growth tied to artificial intelligence and lower borrowing costs courtesy of Federal […]
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Jim Cramer explains how to spot ‘exquisite moments’ like Friday’s session
CNBC’s Jim Cramer reviewed Friday’s market action, dubbing the session an “exquisite moment,” where stocks opened weak, but the averages climbed by the close. While he said this particular moment has come and gone, he listed ways investors can recognize one in the future, saying these conditions can yield big gains. “We used to call […]
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Government shutdown: House to vote on last-minute funding bill without debt limit hike
WASHINGTON — With just hours to go before the federal government begins shutting down for lack of funds, House Republicans on Friday plan to hold a vote to fund the government for three months and provide disaster relief and farm aid. In order to pass the full House before the midnight shutdown deadline, however, the […]
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FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea, expanding use in U.S.
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty Images The Food and Drug Administration approved Eli Lilly‘s blockbuster weight loss drug Zepbound for treating patients with the most common sleep-related breathing disorder, the drugmaker announced […]
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Vehicle plows into crowded Christmas market in Germany, killing 2 and injuring dozens
Emergency services and firefighters are on duty at the Christmas market in Magdeburg on Dec. 20, 2024 in Saxony-Anhalt, Magdeburg. Dörthe Hein | Picture Alliance | Getty Images At least two people were killed and 68 injured after a car sped through a crowded Christmas market in eastern Germany in what officials called a suspected attack […]
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Elon Musk endorses far-right Alternative for Germany party in upcoming election
Tesla CEO Elon Musk, a meagdonor and adviser to President-elect Donald Trump, is now seeking to influence Germany’s election, posting an endorsement on X of the country’s far-right Alternative for Germany (AfD) party. In a post Thursday night, Musk wrote, “Only the AfD can save Germany.” Musk, who has over 200 million listed followers on […]
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A Santa Claus rally could come just in time next week to help stocks end the year on a high note
Investors will measure the response to this week’s selloff, which came at a time when markets are entering a strong seasonal period. Source
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These stocks that were big losers in 2024 could rebound early next year, Wolfe says
The worst of the stock market’s laggards this year could rebound to start 2025, according to Wolfe Research. As the year winds down, so does investors’ practice of dumping their biggest losers late in the year to realize capital losses and then use them to offset capital gains and save on taxes. This move is […]
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Bitcoin falls to $96,000 as volatility hits crypto assets: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Kristin Smith […]
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Party City to close all of its stores, report says
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023. Joe Raedle | Getty Images Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN […]
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