Business
Cramer’s week ahead: The market needs weak retail sales data to stay strong
The stock market’s current run could fizzle out if October retail sales data comes in hot next week, CNBC’s Jim Cramer warned on Friday. “If we see weak retail sales and learn that things are getting very promotional in the key apparel sector, well then the market can stay strong,” he said, adding: “The worse […]
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Disney plans targeted hiring freeze and job cuts, according to memo
Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the […]
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Biden names pick for new IRS head as agency plans for $80 billion funding, wrestles with backlog
The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images New role a ‘challenging assignment,’ former IRS commissioner says Biden’s nomination comes at a critical time for the agency. After another difficult filing season, the IRS is still wrestling with a backlog. As of Nov. 4, there were 4.2 million unprocessed individual returns […]
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Estee Lauder’s stock jumps as China loosens Covid rules, in line with Club investment case
Estee lauder (EL) popped after China loosened its Covid restrictions, a move we’ve long predicted. Source
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Gyms and at-home fitness battle for prominence this holiday season
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images The fitness industry appears headed for a strong holiday season, but not everyone will see a boost. The category has been on a rollercoaster for more than two years, with the Covid pandemic […]
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These 10 used cars have held their value the most
martin-dm | E+ | Getty Images Sports cars, Jeep models among slowest to depreciate The top three cars that have held the most value over the last five years are the Jeep Wrangler, which showed the least depreciation (7%), followed by the Jeep Wrangler Unlimited (8.7%) and the Porsche 911 (14.6%), according to the iSeeCars […]
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3 takeaways from our daily meeting: Buying health stocks, Danaher China play, tech cutting costs
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Buying health stocks DHR as a China reopening play Tech cutting costs 1. Buying health stocks on the dip Health-care stocks were down on Friday, along with other defensive names, […]
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How airlines plan to create a new generation of pilots amid fears of decade-long cockpit crisis
Andy Cross | Denver Post | Getty Images Even before the coronavirus pandemic grounded U.S. airlines in March 2020, a shortage of qualified pilots was looming. Today, even though air travel has come back much stronger and earlier than expected — and major carriers are returning to profitability — the struggle to maintain enough cockpit […]
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Swedish EV maker Polestar reports lower operating loss, confirms full-year guidance
Polestar 3 Courtesy: Polestar Swedish electric-vehicle maker Polestar said Friday that its third-quarter operating loss narrowed from a year ago as revenue more than doubled, and it confirmed that it still expects to deliver 50,000 vehicles in 2022. But the company warned that higher costs and supply-chain issues will continue to squeeze its margins into […]
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UBS calls Ralph Lauren a ‘turnaround stock,’ sees fashion brand rallying 36%
Changes in Ralph Lauren ‘s business make the clothing brand a good investment coming out of the pandemic, according to UBS. Analyst Jay Sole reiterated his buy rating and increased his price target to $130 from $128, which implies an upside of 36.2% over Thursday’s close. “We view RL as a strong turnaround stock,” Sole […]
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