Business
Jim Cramer says these 10 tech and software stocks can make a comeback
CNBC’s Jim Cramer on Tuesday named hammered tech stocks that he believes can make a comeback after the Federal Reserve finishes tightening the economy. Here is his list: Amazon Microsoft Alphabet Tesla Netflix Apple Salesforce ServiceNow Adobe Workday “Nearly all of these, save Apple, are variations on the same story — stocks that were cut […]
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Charts suggest the ‘mother of all buying opportunities’ for oil is coming next month, Cramer says
CNBC’s Jim Cramer said Tuesday that investors should gear up to buy oil next month, relying on charts analysis from Carley Garner. “She thinks there could be one last washout from this week, possibly early through December, and that washout could take crude down to the low $70s, or even the mid-$60s. Once we get […]
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Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares fell more than 4% after the department store cut its forecast. Nordstrom’s latest results beat profit and sales expectations, according to consensus expectations on Refinitiv. HP — Shares rose 1% after HP surpassed expectations […]
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Biden administration to extend payment pause on student loans until after June or when legal challenges resolve
President Joe Biden delivers remarks on protecting Social Security and Medicare and lowering prescription drug costs in Hallandale Beach, Florida, on Nov. 1, 2022. Anadolu Agency | Anadolu Agency | Getty Images The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until after June or when its […]
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Disney is counting on Bob Iger to make hard decisions about its streaming and TV assets – or find someone who will
Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Midtown Manhattan on October 24, 2019 in New York City. Drew Angerer | Getty Images For nearly three years, Bob Chapek had a plan at Disney: Bob Iger’s plan. “We are […]
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Supreme Court agrees to hear Jack Daniel’s trademark case against dog toy company
Jack Daniel’s, Tennessee whisky. Newscast | Universal Images Group | Getty Images The Supreme Court has agreed to take up a trademark case centered around a squeaky dog toy that’s “43% Poo by Vol.” and “100% smelly.” The court on Monday agreed to hear the trademark dispute brought by whiskey maker Jack Daniel’s against VIP […]
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Taylor Swift’s tour promoter says it had no choice but to work with Ticketmaster
Taylor Swift accepts the Artist of the Year award onstage during the 2022 American Music Awards at Microsoft Theater on November 20, 2022 in Los Angeles, California. Kevin Winter | Getty Images Entertainment | Getty Images Taylor Swift’s tour promoter is shifting blame for the botched “Eras” ticket sale squarely onto Ticketmaster, potentially fueling even […]
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Trump Media deal partner says shareholders approve delay of merger with Truth Social parent
This illustration photo shows Donald Trump’s new social media app Truth Social’s logo on a smartphone in Los Angeles, February 21, 2022. Chris Delmas | AFP | Getty Images Digital World Acquisition Corp., the blank check company that plans to take Trump Media and Technology Group and its Truth Social platform public, said Tuesday that […]
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Investors’ home purchases drop 30% as price increases slow down
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates, and now investors are pulling back even more than traditional homebuyers. Investor home purchases dropped just over 30% in the third quarter of this […]
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Bank of America makes Costco a top pick because of food inflation
Bank of America named Costco a top pick because of rising food inflation, and expects shares have further upside from here. “We expect high food inflation to drive continued share gains for the warehouse club channel (including Costco) given the strong value proposition and price positioning on overlapping SKUs vs. mass and traditional grocery,” analyst […]
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