Business
New York Comic Con tries to get back to normal in a world changed by Covid
Cosplayers dressed in Mandalorian armor and Black Widow pose for a photo during Day 4 of New York Comic Con 2021 at Jacob Javits Center on October 10, 2021 in New York City. ( Bryan Bedder | Getty Images NEW YORK – New York Comic Con isn’t quite what it was before the pandemic. But […]
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Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand
A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage […]
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Ford to end production of $500,000 GT supercar with special edition
2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. The Detroit automaker on Wednesday said the 2022 Ford GT LM Edition will be the last model of the third-generation car, which […]
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Morgan Stanley upgrades Ford, says recent pullback offers an attractive entry point
Investors could benefit from buying Ford Motor shares going forward, according to Morgan Stanley. Analyst Adam Jonas, who is widely followed on Wall Street, upgraded the automaker to overweight from equal weight, reiterating his price target of $14 per share. That target implies upside of 13.2% from Tuesday’s close of $12.36. Ford shares rose 1% […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2022. Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. A stunning rebound We’re two trading days into October, and we’ve already had two stunning […]
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Airbnb is a buy as it could soon become the biggest western travel company, Bernstein says
Airbnb is on track to become the biggest travel western travel platform over the next five years, making this a good entry point for investors, according to Bernstein. Richard Clarke initiated Airbnb as outperform with a price target of $143, indicating an upside of about 30% from Tuesday’s close of $110.81. The stock traded slightly […]
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Aaron Judge hits record 62nd home run, breaking tie with Roger Maris
New York Yankees right fielder Aaron Judge (99) rounds the bases after hitting home run number sixty-two to break the American League home run record in the first inning against the Texas Rangers at Globe Life Field. Tim Heitman | USA TODAY Sports | Reuters New York Yankees slugger Aaron Judge clubbed his 62nd home […]
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High mortgage rates, tight supply and economic uncertainty: Here’s what’s happening with home prices
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall too steeply. The sharp rise in mortgage rates over the past several months has made housing more expensive for anyone needing […]
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Cramer’s lightning round: Cisco is going to snap back big
Cisco Systems Inc: “I like the stock. … When it snaps back, it’s going to snap back big.” Plug Power Inc: “If you’re willing to lose money, then I give it my blessing.” SoFi Technologies Inc: “I think the fact that the stock is at $5 is actually ridiculous. .. I want people in SoFi.” […]
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Charts suggest the market will bottom in the coming weeks followed by a ‘powerful’ rally, Jim Cramer says
CNBC’s Jim Cramer said on Tuesday that stocks could bottom later this month and present investors with an opportunity to add to their portfolios. “The charts, as interpreted by Larry Williams, suggest that the bear market is more or less … toast and, even if the current rally stalls, he’s predicting a big move either […]
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