Markets
Stocks making the biggest moves in the premarket: Nike, Okta, Alibaba and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly profit of 87 cents per share, 16 cents a share above estimates. Revenue beat estimates as well, helped by an increase in digital sales and its ability to successfully navigate supply chain issues. Nike jumped 6.3% in […]
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Alibaba surges nearly 10% after it ups share buyback program to $25 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will be effective […]
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Central banks face tough decisions after Russia’s invasion. Not everyone’s sure they’ll get it right
A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), January 26, 2022. Brendan McDermid | Reuters LONDON – Just as many central banks had set their sights on normalizing monetary policy as economies emerged from the coronavirus pandemic, […]
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China Boeing 737 plane crash: No reports yet of bodies or survivors
BEIJING — No bodies or survivors have yet been found from the China Eastern Airlines crash as of Tuesday morning, Chinese state media said. The domestic flight on a Boeing 737-800, which was carrying 132 people, nosedived Monday afternoon in the southern region of Guangxi, China’s aviation authority confirmed. The cause of the crash remains […]
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Japan’s Nikkei 225 rises more than 1%; Fed’s Powell vows tough action on inflation
Fed watch Fed Chair Powell said Monday that inflation is “much too high,” with the central bank set to “take the necessary steps to ensure a return to price stability.” “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points […]
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Cramer’s lightning round: I like Truist
PPG Industries Inc: “I think PPG is down too much. I think it’s okay, but … This is a company that has been really hurt by raw costs. That’s going to end eventually. I think if you can handle disappointment at this point, I would buy the stock.” AppFolio Inc: “You’ve got a software portfolio […]
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Kroger is a safety stock that can withstand inflation, Jim Cramer says
Grocery retailer Kroger is maintaining its position as a strong performer as competitors struggle with inflationary pressures, Cramer said. “We’ve got the worst inflation in decades, which is bad news for the whole industry except Kroger, which we know is coping just fine with inflation and even has expanding gross margins,” the “Mad Money” host […]
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Stock futures are flat after Powell says bigger hikes may be needed to fight inflation
Stock futures were flat in overnight trading after Federal Reserve Chair Jerome Powell said the central bank is open to higher rate hikes to combat rising inflation. Futures on the Dow Jones Industrial Average rose 10 points, while S&P 500 futures Nasdaq 100 futures were flat. Nike shares rose 6% in extended trading on Monday […]
Read MorePowell’s ‘been dealt an insanely bad hand’ in the inflation fight, Jim Cramer says
CNBC’s Jim Cramer defended Federal Reserve Chair Jerome Powell Monday after the central bank chief promised aggressive action on inflation. “Powell’s been dealt an insanely bad hand. So of course he’s fallen behind. Hence why he’s said that the Fed will move with alacrity from here on out,” the “Mad Money” host said. “So feel […]
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Last week’s rally is a reminder to watch for bounces during market downturns, Jim Cramer says
The stock market’s recovery last week is proof that investors should always watch for bounce, even when all seems hopeless, CNBC’s Jim Cramer said Monday. “The most important lesson of last week is that you never want to get too negative, because once the market gets oversold, it doesn’t take much good news to create […]
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