Markets
It’s time to buy Nio shares after the Chinese electric vehicle maker’s 44% drop in past year, UBS says
Three major product launches expected this year and better brand recognition improve the outlook for the stock, UBS said. Source
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‘The best of times’ may be ahead for this discount retailer, Wells Fargo says
Improving inventory could turn this stock into a “coiled spring” for investors. Source
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Stocks making the biggest moves in the premarket: Twitter, Tesla, Starbucks and more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares soared 26.1% in the premarket after a Securities and Exchange Commission filing showed that Tesla CEO Elon Musk had taken a 9.2% passive stake in Twitter. Tesla (TSLA) – Tesla delivered just over 310,000 vehicles during the first […]
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Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media company
Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Tesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed. Musk owns 73,486,938 shares of Twitter, […]
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Asia-Pacific stocks mixed; mainland China markets closed
SINGAPORE — Shares in Asia-Pacific struggled for direction on Monday, as investors continue to monitor the U.S. Treasury yield curve. The Nikkei 225 in Japan slipped fractionally as shares of Tokyo Electron dropped around 2%. The Topix index climbed about 0.1%. South Korea’s Kospi dipped 0.49%.Elsewhere in Australia, the S&P/ASX 200 rose 0.43%. MSCI’s broadest […]
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Stock futures are flat after S&P 500 notches third straight week of gains
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE U.S. stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones Industrial Average slid 14 points. S&P 500 futures were flat, while Nasdaq 100 futures declined […]
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Empty canals, dead cotton fields: Arizona farmers are getting slammed by water cuts in the West
Farmer Nancy Caywood stands in what once was an alfalfa field. The land is now fallow after her farm was cut off from accessing water from the San Carlos reservoir. Emma Newburger | CNBC CASA GRANDE, Ariz. — On the drought-stricken land where Pinal County farmers have irrigated crops for thousands of years, Nancy Caywood stopped […]
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How the hotel industry is fighting its human trafficking problem
Human trafficking generates about $150 billion a year globally in illegal profits, according to the International Labour Organization, and poses a complicated challenge for major hotel chains. In 2020 there were more than 10,000 reported cases of human trafficking in the U.S., with 72% of those related to sex trafficking, according to the National Human […]
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Cramer’s week ahead: Brace for negativity
CNBC’s Jim Cramer on Friday advised investors to brace themselves against Wall Street’s negativity next week as concerns over a possible recession mount. “I do believe that our economy’s headed for a slowdown — that’s just what rate hikes do. But a slowdown doesn’t necessarily translate into a horrific, crash-landing recession. … There are many […]
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Sports fanatics should consider buying these three stocks, Jim Cramer says
CNBC’s Jim Cramer on Friday offered three stock picks for investors who dream of owning a professional sports team but can’t afford to pay up billions of dollars. “Owning the common stock won’t let you weigh in on the trades or attend the owners’ meetings, go through the draft — you’re very much along for […]
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