Business
Cramer’s week ahead: Brace for negativity
CNBC’s Jim Cramer on Friday advised investors to brace themselves against Wall Street’s negativity next week as concerns over a possible recession mount. “I do believe that our economy’s headed for a slowdown — that’s just what rate hikes do. But a slowdown doesn’t necessarily translate into a horrific, crash-landing recession. … There are many […]
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Sports fanatics should consider buying these three stocks, Jim Cramer says
CNBC’s Jim Cramer on Friday offered three stock picks for investors who dream of owning a professional sports team but can’t afford to pay up billions of dollars. “Owning the common stock won’t let you weigh in on the trades or attend the owners’ meetings, go through the draft — you’re very much along for […]
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Cramer’s lightning round: WW is not a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Will Smith resigns from motion picture academy over ‘inexcusable’ Chris Rock Oscars slap
Will Smith has resigned from the Academy of Motion Picture Arts and Sciences, days after he smacked comedian Chris Rock at the annual Oscars ceremony in Los Angeles. In a statement issued Friday, Smith said he would “accept any further consequences” the group’s board of governors may deem appropriate. “My actions at the 94th Academy […]
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Spider-Man spin-off ‘Morbius’ with Jared Leto is ‘lazy,’ ‘not good’ and ‘totally skippable,’ critics say
Jared Leto stars as Michael Morbius in Sony’s “Morbius.” Sony It’s never a good sign when a critic says your movie could have been “better summed up in a two-minute trailer,” but, alas, that is the case for Sony’s latest Marvel film “Morbius.” As Adam Graham of the Detroit News notes in his review of […]
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White House is worried about famine overseas due to Russia-Ukraine war, economic advisor says
The Biden administration is worried Russia’s invasion of Ukraine will cause famine in parts of the world, White House Council of Economic Advisers Chair Cecilia Rouse told CNBC on Friday. In an interview on “Closing Bell,” Rouse noted that Russia and Ukraine serve as “the bread basket” for many parts of the world, as the […]
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These are JPMorgan’s top stock picks for April
A background-screening company and three other names were added to analysts’ monthly top stock picks. Source
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$100 million New Jersey deli owner Hometown International just announced a merger with a bioplastics firm
Your Hometown Deli in Paulsboro, N.J. Google Earth Hometown International — that odd, publicly traded company with a market capitalization of more than $100 million despite owning just one small New Jersey deli — has announced plans to merge with Makamer, a private bioplastics start-up firm. The money-losing Your Hometown Deli in Paulsboro, N.J., which […]
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Soaring markets helped the richest 1% gain $6.5 trillion in wealth last year, according to the Fed
Warren Buffett and Jeff Bezos Lacy O’ Toole | CNBC; Getty Images The wealth of America’s wealthiest people, such as Warren Buffett and Jeff Bezos, increased by a total of $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, according to the Federal Reserve. The total wealth of the 1% reached […]
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Biden’s top economic advisor says restarting the Keystone XL pipeline now won’t lower oil prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline in response to elevated crude and gasoline prices. National Economic Council Director Brian Deese told CNBC the Biden administration is instead concentrating on policies and strategies that can deliver lower fuel […]
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