Business
How this risky strategy can leave retail investors vulnerable
“The idea that I used social media to promote GameStop stock to unwitting investors and influence the market is preposterous,” Keith Gill told Congress. Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — testified in front of the U.S. House of Representatives’ Committee on Financial Services in February 2021. He […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after two-week winning streak Traders on the floor of the NYSE, March 21, 2022. Source: NYSE U.S. stock futures rose slightly Monday. Wall Street was looking to close out a monthly gain for […]
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Elon Musk says he’s considering building a new social media platform
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Elon Musk said he is giving “serious thought” to building a new social media platform in a Tweet on Saturday. […]
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With Russian sanctions, small companies may be in for a big surprise
U.S. President Joe Biden speaks on developments in Ukraine and Russia, and announces sanctions against Russia, from the East Room of the White House February 22, 2022 in Washington, DC. Drew Angerer | Getty Images Over 400 multinational corporations have pulled out of Russia as a result of its invasion of Ukraine. It’s not only […]
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Constellation Energy is a safe buy among nuclear energy stocks, Jim Cramer says
Constellation Energy is a safety pick among nuclear energy stocks whose time to shine on Wall Street has finally come, CNBC’s Jim Cramer said Friday. “When the [Federal Reserve’s] tightening aggressively, hedge funds love to hide in defensive stocks like the utilities. Constellation Energy, it’s the perfect mantra: It’s a real company with a real […]
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Jim Cramer says to buy FAANG stocks next time analysts say they’re not investable
Investors should buy FAANG stocks next time they plunge and analysts turn bearish, CNBC’s Jim Cramer said Friday. When analysts come out in droves to claim FAANG stocks are uninvestable, “that’ll be the perfect moment to do some buying,” he said. FAANG is Cramer’s acronym for Facebook-parent Meta, Amazon, Apple, Netflix and Google-parent Alphabet. Cramer […]
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Cramer’s week ahead: Tight March labor report could lead Fed to a 50-basis point rate hike
CNBC’s Jim Cramer on Friday warned that a 50-basis point rate hike could be coming if the March labor report set to be released next Friday reveals a tighter-than-ever job market. “I fear that it will show the tightest labor market in 50 years. … If Fed Chief Jay Powell doesn’t catch a break when […]
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Cramer’s lightning round: I like Bank of America
Bank of America Corp: “It’s one of these companies that is not expensive with very good management that I want to own.” Alcoa Corp: “This thing is up in a straight line. … That’s an unusual parabolic move for that company.” Archer Aviation Inc: “I’m not going to go there. … Losing money is what […]
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JetBlue urges flight attendants to accept assignments as it races to hire 700 people by summer
JetBlue planes at New York’s John F. Kennedy International Airport Leslie Josephs | CNBC JetBlue Airways on Friday urged patience from its flight attendants as it races to hire hundreds of new employees before what it expects to be a monster travel season this spring and summer. “Please do not refuse an assignment you are […]
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There’s momentum to change the NFL’s overtime rule as owners prepare for annual meetings
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri. William Purnell | Icon Sportswire | Getty Images NFL owners are prepping for another round of debates about the league’s overtime rules, which […]
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