Business
5 things to know before the stock market opens Tuesday
Traders work on the floor of the New York Stock Exchange during morning tradingon December 02, 2022 in New York City. Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Santa slump Stocks have yet to shake off these December blues. They’re […]
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Congress releases big spending invoice with election reforms to prevent yet another Jan. 6
The exterior of the U.S. Capitol is noticed at sunset in Washington, U.S., December 13, 2022. Sarah Silbiger | Reuters Congressional leaders unveiled a bipartisan govt funding bill early Tuesday that features a rewrite of federal election laws aimed at avoiding one more Jan. 6-fashion attack and choking off avenues for long run candidates to steal elections. […]
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Cramer’s lightning round: Oxford Lane Capital is not a buy
DraftKings Inc: “I feel safer in my DraftKings than I do in a crypto. That said, gambling, not yet, but that stock is very inexpensive.” Oxford Lane Capital Corporation: “They own these collateralized loan obligations, which is always the stuff people really worry about going into a recession, so I’m going to have to take […]
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Jim Cramer says he likes Corteva and Nucor for 2023
CNBC’s Jim Cramer on Monday offered investors two stocks they should consider adding to their portfolios. Stocks in the materials sector tend to be highly cyclical, meaning they could get hammered if the Federal Reserve’s interest rate hikes tip the economy into a recession, he explained. And while it’s far from the best-performing sector in […]
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Jim Cramer says to trust Jerome Powell’s ‘winning hand’ against inflation
CNBC’s Jim Cramer on Monday brought back his mantra from earlier in the year, when the Federal Reserve was still ramping up its aggressive interest rate hike campaign: Trust Chair Jerome Powell to get the job done. “He’s one of the best central bankers in the world and he’s got a winning hand. Would you […]
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Harvey Weinstein found guilty of rape, sexual assault in Los Angeles trial
Harvey Weinstein arrives at Manhattan Criminal Court with his attorneys on Feb. 24, 2020. Alec Tabak | New York Daily News }| Getty Images Harvey Weinstein was found guilty of one count of rape and two counts of sexual assault but acquitted of one count of sexual battery after a trial in Los Angeles, nearly […]
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Charts suggest a Santa Claus rally is still in play and a buying opportunity is coming, Jim Cramer says
CNBC’s Jim Cramer on Monday said there could be an opportunity to buy stocks ahead of a possible rally. “The charts, as interpreted by Larry Williams, suggest that Christmas is not going to be canceled for Wall Street — he thinks we still have a Santa Claus rally coming, and the ideal time to buy […]
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EV maker Lucid closes $1.5 billion raise from the Saudi public wealth fund and other investors
Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, July 26, 2021. Andrew Kelly | Reuters Electric vehicle maker Lucid Group said Monday […]
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Disney shares fall following softer-than-expected ‘Avatar’ opening weekend
Avatar: The Way of Water Courtesy: Disney Co. Shares of Disney dropped on Monday following a weaker-than-expected opening box office weekend for James Cameron’s “Avatar: The Way of Water.” Disney shares were trading down more than 4% at around $86 each, hitting a 52-week low for the company that has seen its stock fall more […]
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This unusual media stock is a top 2023 play from Morgan Stanley because of growing F1 popularity
Shares of Formula One-parent company Liberty Media can go nearly 30% higher on the rising popularity of the auto racing sport, according to Morgan Stanley. Analyst Benjamin Swinburne named the media and entertainment stock one of his top overweight-rated ideas for 2023, saying it can outperform even as growing recessionary challenges are expected to challenge […]
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