Business
Charts suggest the S&P 500 should keep trending higher for now, Cramer says
Technical analysis from the veteran chartist Ralph Vince indicates the stock market should be able to keep trending higher in the near term, CNBC’s Jim Cramer said Tuesday. “The charts, as interpreted by … Ralph Vince, suggest that this market can keep drifting higher for the next few months as long as employment stays strong,” […]
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Jim Cramer says ‘Covid winners’ like DocuSign still have time to reinvent themselves
CNBC’s Jim Cramer on Tuesday lamented the languishing stocks of pandemic winners like DocuSign — but suggested the window of reinvention has not been slammed shut just yet. “We know it hasn’t been long since the pandemic effectively ended, but we’re so quick to fault the Fed for providing too much liquidity or Congress for […]
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Apartment rents are finally easing after an incredible run. Here’s how to play it
An Apartment For Rent sign seen in the Upper East Side of Manhattan. Adam Jeffery | CNBC Rent growth for apartments looks to have peaked after a tremendous run in 2021, and that could boost some of the real estate stocks that were the early darlings of the pandemic. Nationally, rents rose just 0.8% between […]
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Nordstrom cuts full-year forecast, citing slowing customer demand
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even as it reported fiscal […]
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Stocks making the biggest moves midday: Twitter, Zoom, Palo Alto Networks, Macy’s and more
Check out the companies making headlines in midday trading Tuesday. Zoom Video — Zoom sank more than 14% after missing on revenue estimates for the previous quarter due to a strong dollar. The video conferencing company also cut its forecast for the full year amid slowing revenue growth. Twitter – Shares of the social media […]
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The Koch network and other Trump allies are quietly backing his most significant GOP critic: Rep. Liz Cheney
Republican Rep. Liz Cheney has amassed a group of political consultants with ties to previous President Donald Trump and the expansive Koch network as she mulls a run for the White Dwelling right after losing in the GOP most important for her Wyoming Home seat. Cheney’s function as vice chair of the committee investigating Trump’s […]
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EV maker Polestar to present batteries for ‘flying’ electric powered boats
A Candela boat photographed in Sweden in August 2021. Candela utilizes hydrofoils, which elevate a vessel’s hull over the water’s area when travelling. Mikael Sjoberg | Bloomberg | Getty Images Luxurious EV maker Polestar will provide battery and charging systems to electric boat business Candela immediately after the two Swedish firms signed a multi-12 months […]
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Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off shelves. The warning comes even as the retailer reported a fiscal second-quarter profit and revenue that topped analysts’ expectations. Macy’s now sees […]
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Household income is about to get a boost. Here’s what it means for your wallet and the economy
Customers shop at a Walmart in Houston on Aug. 4, 2021. Brandon Bell | Getty Images After a year-long dip, household cash flow will begin growing again right after Christmas, and accelerate through the new year, according to new research by analysts at Goldman Sachs. These gains will reverse a year of negative growth of […]
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A dog in France has monkeypox, worrying scientists that we won’t be able to eradicate the virus if it spreads to more animals
Monkeypox virus, illustration. Thom Leach | Science Photo Library | Getty Images In 2003, 47 people across six Midwestern states caught monkeypox from pet prairie dogs that were infected after they were housed with rodents imported from Ghana, Africa. Today’s outbreak, which has already infected more than 14,100 people in the U.S. and more than […]
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