Markets
Berkshire’s large stake in HP ‘exemplifies’ Best Buy’s optimistic view, CEO says
Berkshire Hathaway’s roughly $4.2 billion investment in HP Inc. supports Best Buy’s viewpoint that consumer demand for upgrades to their technology will sustain, chief executive Corie Barry told CNBC’s Jim Cramer on Thursday. “I can’t tell you what [Berkshire CEO] Warren Buffet’s thinking, but I think his investment exemplifies our general point, which is, people […]
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Stock futures little changed following Thursday’s comeback as investors assess Fed plans
U.S. stock futures were little changed on Thursday night after the major averages staged a late-day comeback as investors appraised the likelihood of tighter monetary policy from the Federal Reserve to combat inflation. Dow Jones Industrial Average futures rose 3 points, or 0.01%. S&P 500 and Nasdaq 100 futures climbed 0.02% and 0.05%, respectively. The […]
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Be conservative with FAANG stocks as anticipated Fed rate hikes spurn a market pivot, Jim Cramer says
CNBC’s Jim Cramer said Thursday that he expects the market to pivot to a bull market for recession-proof stocks rather than expensive growth names. When the Federal Reserve decides to combat an “inflationary spiral with higher [interest] rates, you’re not supposed to buy expensive growth stocks. The hedge fund playbook says that you should sell […]
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Fed’s Bullard says interest rate policy is ‘behind the curve,’ but it’s making progress
James Bullard Olivia Michael | CNBC The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most “hawkish” members in favor of tighter policy, Bullard said a […]
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Methane emissions surged by a record amount in 2021, NOAA says
A broken oil well pipeline gauge near Depew, Oklahoma J Pat Carter/Getty Images Global emissions of methane, the second-biggest contributor to human-caused climate change after carbon dioxide, surged by a record amount in 2021, the National Oceanic and Atmospheric Administration said on Thursday. Methane, a key component of natural gas, is 84 times more potent than […]
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Crypto trading platform eToro launches $20 million NFT fund as industry approaches inflection point
Physical artwork for a Bored Ape NFT on display at a cryptocurrency exchange in Hong Kong. Paul Yeung | Bloomberg | Getty Images Trading platform eToro unveiled a $20 million fund to purchase NFTs and bolster creators. The firm announced the launch at the Bass Contemporary Art Museum in Miami Thursday. The trading platform’s fund […]
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Top Morgan Stanley analyst Graseck gives her favorite bank picks into earnings
The analyst has three preferred picks that will benefit from higher interest rates and accelerating loan growth even with the greater likelihood of recession. Source
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Stocks making the biggest moves midday: HP, Constellation Brands, CDK Global and more
A man passes a Hewlett Packard display at a technology conference Jim Young | Reuters Check out the companies making headlines in midday trading. HP — Warren Buffett’s Berkshire Hathaway became the largest shareholder in the computer hardware company, sending shares up 16.4%. Berkshire Hathaway bought nearly 121 million shares, or about an 11% stake […]
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Barclays names Target a top pick, says demand should hold up even in weak economy
Target’s foot traffic should remain strong despite inflation and economic growth concerns, according to Barclays. Source
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Longtime Tesla bull Ron Baron plans to hold the stock at least another 8 years
Investor Ron Baron has been one of Tesla’s largest shareholders for years, and he has no plans to change that. Baron told CNBC on Thursday that he thinks the electric vehicle giant’s high-flying stock has much more room to run – and that he plans to continue holding the company’s stock for at least eight […]
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