Business
5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to wrap up strong month but weak quarter Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters U.S. stock futures were […]
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Stocks making the biggest moves premarket: Walgreens, Baidu, Novavax and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue also topping Wall Street forecasts. Comparable pharmacy sales rose 7.3%, helped by demand for Covid vaccines. Walgreens shares initially rose in the premarket but […]
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Airlines offer luxury suites, roomier seats in battle for high-paying travelers as international trips return
A Singapore Airlines A380 first class suite Leslie Josephs | CNBC Singapore Airlines this week unveiled its highest-end offering in the U.S: first-class suites that feature a bed, a swivel chair, 32-inch touch screen and a desk adorned with an orchid. They are each 50 square feet, and there are two bathrooms for the six […]
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Walgreens beats earnings expectations after omicron-fueled demand for tests and boosters lifted sales
A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal second-quarter earnings that topped analysts’ expectations, after the omicron variant of Covid-19 intensified demand for booster shots and tests and drove foot traffic during […]
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How hackers and geopolitics could derail the planned energy transition
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underway at all, have become major talking points in recent years. How the transition — which can be seen as a shift away from […]
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Biden planning to tap oil reserve to control gas prices
U.S. President Joe Biden gestures as he delivers remarks on Covid-19 in the United States in the South Court Auditorium on March 30, 2022 in Washington, DC. Anna Moneymaker | Getty Images President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic […]
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Cramer’s lightning round: Go long on Hertz
“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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Invest in Petco instead of Chewy, says Jim Cramer
CNBC’s Jim Cramer said Wednesday that investors should buy stock of Petco instead of Chewy after the latter reported a disappointing quarter on Tuesday. “If [Chewy] aren’t turning a profit yet after all these years, I find it impossible to recommend their stock in this environment. If you want to play the humanization of pets, […]
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Cramer warns of trading after hours, points to big recent moves in Micron, Lululemon and RH as examples
CNBC’s Jim Cramer reminded investors to always listen to a company’s conference call before trading on earnings and to avoid after-hours trades. “One mistake in after-hours trading will wipe you out much faster than a mistake during regular hours when everyone has the same information. There are more bids and offers, and the playing field […]
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Jim Cramer says to own secular stocks, approach cyclical names with skepticism
CNBC’s Jim Cramer on Wednesday advised investors to own secular growth stocks rather than cyclical stocks and to be vigilant in spotting the difference. “The market is still eager for what is known as secular growth,” which doesn’t rely on economic cycles and likely wouldn’t be hurt by the Federal Reserve raising interest rates, the […]
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