Business
Jim Cramer says to buy the dip on days like Monday: ‘It’ll be too late’ if you wait for the Fed
“I know from experience that if you wait until the [Federal Reserve] is done and inflation’s broken, it’ll be too late to buy,” the “Mad Money” host said. Source
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Rocket Lab helicopter catches but drops rocket booster in first reuse attempt
The Electron booster comes into view of the company’s helicopter for the catch. Rocket Lab Space company Rocket Lab briefly caught its Electron rocket using a helicopter after a launch for the first time on Monday, but released the booster and dropped it into the ocean before recovering it. “After the catch the helicopter pilot […]
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Cramer’s lightning round: I like Magna over Tenneco
“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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Best Buy CEO says gaming engagement will continue across platforms even as people return to in-person activities
Best Buy CEO Corie Barry told CNBC’s Jim Cramer on Monday that she believes consumers will continue to seek out gaming and products related to it, even as in-person activities abound. “Gaming is much bigger than any cycle. It is social, it is [virtual reality], it is console, it is computing. It is for fun, […]
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Stock futures are lower after big market reversal to start May
U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 59 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively. Earlier in the day, the major averages posted a wild up-and-down session with the Nasdaq […]
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Atlassian co-CEO invests in Australian energy company to force it to go greener
Atlassian Co-CEO Mike Cannon-Brookes poses for a photo with Utah Jazz co-owners, Dwyane Wade and Ryan Smith during Round 1 Game 3 of the NBA Playoffs on April 21, 2022 at vivint.SmartHome Arena in Salt Lake City, Utah. Melissa Majchrzak | National Basketball Association | Getty Images Atlassian Co-CEO Mike Cannon-Brookes has taken an 11% […]
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Stocks making the biggest moves after hours: Chegg, Clorox, Devon Energy and more
Check out the companies making headlines after hours. Chegg — Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most recent quarter, Chegg reported earnings of 32 cents per share on revenues of $202 million. Analysts surveyed by Refinitiv were expecting earnings of 24 cents per […]
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Here’s where things stand in the Denver Broncos sale process
Cameron Fleming #73 of the Denver Broncos runs onto the field before a game against the Kansas City Chiefs at Empower Field at Mile High on January 8, 2022 in Denver, Colorado. Dustin Bradford | Getty Images The first bids are in for the Denver Broncos sale process, and vetting is under way. The NFL […]
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Texas Teachers’ CIO Auby is underweight stocks, says investors should hold cash despite inflation
Auby believes the Federal Reserve’s mandates are “flashing late cycle” even as other signs suggest the underlying economy is doing well. Source
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Chrysler parent Stellantis plans $2.8 billion overhaul of two Canadian factories to build EVs
Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billion to overhaul two Canadian factories to build fully electric and hybrid vehicles, the company said on Monday, as part of its $35 […]
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