Markets
Jim Cramer tells investors to ‘bow down to the Fed’ and beware of false market optimism
CNBC’s Jim Cramer on Tuesday warned investors against buying unprofitable stocks due to unwarranted optimism about the stock market. “While I appreciate hope as a mindset, I’m not as confident as a lot of the buyers who are paying up. … We are seeing a level of enthusiasm here that to me feels unjustified. We […]
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Elon Musk’s SpaceX sent thousands of Starlink satellite internet dishes to Ukraine, company’s president says
A shipment of SpaceX’s Starlink satellite antennas, also known as terminals, arriving in Ukraine. Fedorov Mykhailo on Twitter WASHINGTON – SpaceX has sent “thousands” of Starlink satellite internet kits to Ukraine, company President Gwynne Shotwell told CNBC on Tuesday. Elon Musk’s space company began sending Ukraine shipments of Starlink satellite kits — which come with […]
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Stock futures are steady as investors juggle Fed comments and policy
Traders on the floor of the NYSE, March 17, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed in overnight trading on Tuesday as investors continue to digest revelations from the Federal Reserve on inflation and interest rates. Dow futures fell just 11 points. S&P 500 futures dropped 0.03% and Nasdaq 100 futures […]
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Carl Icahn says there ‘very well could be a recession or even worse’
Carl Icahn says there ‘very well could be a recession or even worse’ Famed investor Carl Icahn said Tuesday an economic downturn could be on the horizon and he is loaded on protection against a steep sell-off in the market. “I think there could very well could be a recession or even worse,” Icahn said […]
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Nike sees signs of recovery in China, which could be a good omen for other retailers
An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017. Johannes Eisele | AFP | Getty Images Glimmers of hope for Nike in China could be good news for other retailers with big business in the region, as companies contend with a prolonged […]
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Investing Club: Goldman Sachs cut its earnings estimates on Ford — here’s what we think
We’re keeping our 1 rating on Ford shares, despite Goldman Sachs cutting its EPS targets for 2022 and lowering its price target. Source
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Crypto investor Katie Haun raises $1.5 billion, the largest debut fund ever by a female VC
Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process. Haun Ventures’ kickoff marks the largest debut venture fund ever raised by a solo female founding partner, according to Pitchbook. Former investment banker Mary Meeker held the prior record with a $1.3 […]
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Traders bet on an aggressive Fed and predict half-point rate hikes in May, June
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images Traders are betting Federal Reserve Chairman Jerome Powell’s tough inflation talk means the central bank will step on the throttle to […]
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Stocks like ConocoPhillips and Wells Fargo should be the big winners as rates rise, history shows
As bond yields surge to multi-year highs, a CNBC Pro screen surfaces companies that outperformed during similar increases in the past. Source
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Rocket builder Firefly aiming for second launch attempt in May, raises $75 million
The company’s inaugural Alpha rocket launches from Vandenberg Space Force Base in California on Sept. 2, 2021. Firefly Aerospace WASHINGTON – Firefly Aerospace aims to make its second attempt to reach orbit with its Alpha rocket in the coming weeks, having received government approval to resume launch operations after a controversial investor sold his stake. […]
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