business news
Cramer’s week ahead: ‘I’m begging you’ to sell stocks of unprofitable companies
CNBC’s Jim Cramer on Friday previewed next week’s earnings schedule and said that investors should use it as a chance to offload unprofitable companies from their portfolios. The “Mad Money” host said that the market could be in for some pain next week after this week’s rallies, as investors digested the news of the Federal […]
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Amazon workers at a second Staten Island warehouse will vote to unionize in April
An Amazon worker holds a sign at the Amazon building during the outbreak of the coronavirus disease (COVID-19), in the Staten Island borough of New York City, March 30, 2020. Jeenah Moon | Reuters Amazon workers at a second warehouse on New York’s Staten Island will vote whether to form a union next month, according […]
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GM to buy SoftBank’s stake in Cruise self-driving unit
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank first acquired a minority […]
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California slashes supplies to water agencies amid record drought
A cracked lake bed at Nicasio Reservoir during a drought in Nicasio, California, on Wednesday, Oct. 13, 2021. David Paul Morris | Bloomberg | Getty Images California water officials on Friday said they are slashing State Water Project allocations from 15% to 5% of normal for certain urban water consumers and farmers, as the state […]
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Jim Chanos reveals new short position in crypto exchange Coinbase
His comments came on CNBC’s “Closing Bell: Overtime” to Scott Wapner on Friday after the close. Source
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Goldman gives 5 possible reasons behind the market’s mysterious comeback this week
Goldman suggested five reasons the market performed so well this week despite the biggest issues in the market still being unresolved. Source
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Investors come off a strong week looking for more gains now that they have some clarity from the Fed
Traders work on the floor of the New York Stock Exchange (NYSE) on February 04, 2022 in New York City. Spencer Platt | Getty Images With the Federal Reserve’s first rate hike out of the way, market pros are now debating whether the market can continue the upswing it started in the past week. A […]
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U.S. officials continue to press Russia for access to WNBA star Brittney Griner
Brittney Griner #42 of the Phoenix Mercury is seen during the game against the Indiana Fever at Indiana Farmers Coliseum on September 6, 2021 in Indianapolis, Indiana. Michael Hickey | Getty Images WASHINGTON — The State Department is still working to get access to WNBA star Brittney Griner after Russian officials arrested her on accusations […]
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Russia backs down on demands in Iran nuclear deal talks, making revival of 2015 pact imminent
A picture taken on November 10, 2019, shows an Iranian flag in Iran’s Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility. ATTA KENARE | AFP via Getty Images Russia has walked back its threat to torpedo the revival of the 2015 Iranian nuclear deal over […]
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Investing Club: We’re trimming one of our big winners with the S&P 500 on a four-day win streak
We see now as a pretty good level in the overall market to start raising some cash. Source
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