Markets
Stocks making the biggest moves midday: IBM, Boeing, Hasbro, Ford & more
IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. IBM – Shares of IBM slipped 5.25% after the tech company warned of a potential $3.5 billion […]
Read More
These 10 stocks are expected to rally into the end of the year, Truist says
Truist came out with a spate of stock picks that could rally sharply in the back half of the year. A list of 65 high-conviction picks including Shake Shack and O’Reilly Automotive turned up after the firm searched for stocks that could post big gains heading into the year-end, even as they contend with greater […]
Read More
‘What recession?’ Evercore ISI says after bank earnings show consumers are paying their debts
The odds of recession may be rising, but consumers haven’t gotten the memo yet. That’s one of the main takeaways from second-quarter reports from the six biggest U.S. banks. While signs of financial stress and the impact of rising interest rates have begun to appear at banks’ Wall Street operations, the core lending and deposits […]
Read More
Stocks making the biggest moves in the premarket: IBM, NCR, Cinemark and more
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM slid 5.9% in premarket action despite beating top and bottom line estimates for the second quarter. IBM warned of a $3.5 billion impact to earnings because of the strong U.S. dollar. NCR (NCR) – NCR surged 11.5% in the […]
Read More
Former employees say issues plagued the crypto company Celsius years ahead of bankruptcy
Problems at Celsius appear to have been simmering for years before the crypto lender filed for bankruptcy. The crypto company saw a range of internal missteps leading up to its recent turmoil, according to former employees and internal documents CNBC reviewed. Multiple employees painted a picture of risk-taking, disorganization and alleged market manipulation. “The biggest issue […]
Read More
5 things to know before the stock market opens Tuesday
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock futures rise Equities markets pointed to a comeback Tuesday morning. Stocks had ended Monday in the red, weighed down by Apple, after Bloomberg reported the tech […]
Read More
Looking to get your funds out of a collapsed crypto platform? Don’t get your hopes up
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending […]
Read More
Cramer’s lightning round: Eversource Energy doesn’t have a big enough dividend yield
Eversource Energy: “It doesn’t yield enough for me. I spoke with the people of Duke [Energy] last week. I think that’s actually a better situation.” Beyond Air Inc.: “I think that is the ultimate speculative stock, in which you’ve got to prepare to lose $8. It’s an $8. I don’t like that.” Nutrien: “No. It’s […]
Read More
Here’s Jim Cramer’s advice to navigate this uncertain earnings season
Earnings season is entering full swing on Wall Street, and CNBC’s Jim Cramer said Monday that investors would be wise to take a wait-and-see approach toward shares of companies that are about to report quarterly numbers. “In this environment, it’s always going to be fragile on the upside and easy on the downside, because the […]
Read More
Billionaire investor Ken Langone says these are the ‘3 most powerful things in business’
Billionaire investor and philanthropist Ken Langone on Monday detailed three core business principles he’s believed in during his career, suggesting they’ve been instrumental in building successful organizations. “The three most powerful things in business: a kind word, a thoughtful gesture, and passion and enthusiasm for everything you’re doing,” Langone told CNBC’s Jim Cramer in an […]
Read More