Cramer’s lightning round: Canoo is not a buy

MannKind Corp: “No one ever likes me to say anything bad about Mannkind. … What happens if it’s not a good company? Does that matter at all? To me it does, therefore I say, sell, sell, sell.”

Canoo Inc: “They just lose money. We’re done with those stocks that just lose money.”

Trade Desk Inc: “I think [CEO] Jeff Green is terrific, but the fact is, the overvalued tech stocks are not where to be.”

Community Bank System Inc: “I like it very much. I think you should own it right here, right now.”

Disclosure: Cramer’s Charitable Trust owns shares of Ford.

Source

Business

Nike to lay off about 1% of corporate staff in its latest effort to refocus the business

August 28, 2025

A Nike store in Hanoi, Vietnam, on July 3, 2025. Nhac Nguyen | Afp | Getty Images Nike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned. The cuts will impact less than 1% of Nike’s corporate staff. […]

Business

Pending home sales tick lower in July as canceled contracts spike

August 28, 2025

Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017. The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last […]

Business

Best Buy reports modest sales recovery, but says tariffs are complicating its turnaround

August 28, 2025

Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images Best Buy surpassed Wall Street revenue and earnings expectations for its most recent quarter on Thursday, but stuck with its full-year forecast, citing tariff uncertainty. The consumer electronics retailer said […]