Markets
SpaceX launches Crew-4 mission for NASA, has now sent 26 astronauts to space in under two years
A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft Freedom launches the Crew-4 mission from NASA’s Kennedy Space Center in Florida on April 27, 2022. Aubrey Gemignani | NASA SpaceX launched a group of astronauts for NASA early on Wednesday morning, with Elon Musk’s company now having sent 26 people to orbit in less than […]
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JPMorgan double downgrades JetBlue, sees little upside after Tuesday’s big drop
JPMorgan cut its rating for JetBlue Airways to underweight from overweight. Source
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China’s Xi announces another infrastructure push to boost growth as Covid drags on
China had 37,900 kilometers (23,550 miles) of operational high-speed rail as of the end of 2020, which the country claims accounts for more than two-thirds of the world’s total. Zhang Bin | China News Service | Getty Images BEIJING — As Covid controls drag down growth, China plans to boost its economy with more infrastructure […]
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China’s central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images BEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend after the People’s Bank […]
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Fund management exec, whose firm manages $1.4 trillion, reveals where clients are focused right now
Joseph Pinto from Natixis explains where investors are putting their money at this uncertain time. Source
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Cramer’s lightning round: Fluor is not a buy
Fluor Corp: “Under no circumstance do you want to buy Fluor. That business is way too hard.” Tilray Brands Inc: “Until we get federal legislation [legalizing cannabis], period, these stocks are impossible to own.” Veru Inc: “We need to see a little bit more. … It could be a very big drug.” Source
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Asia-Pacific stocks are set for opening declines following Wall Street drop
SINGAPORE — Shares in Asia-Pacific looked set for a lower open on Wednesday after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 26,125 while its counterpart in Osaka was at 26,000. That […]
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Chipotle staffing back at pre-pandemic levels, company is exploring automation, CEO says
Chipotle Mexican Grill CEO Brian Niccol told CNBC’s Jim Cramer on Tuesday that the company’s staffing levels are back where they were before the Covid-19 pandemic. “Our staffing is actually at levels pre-pandemic and frankly, our turnover is probably the best it’s been in, I don’t know, a couple years, especially at the manager level,” […]
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Charts suggest near-term market pain may be over, but don’t expect a big rally, Jim Cramer says
CNBC’s Jim Cramer said Tuesday that the market will likely move sideways instead of experiencing a monster rally when it recovers, leaning on analysis from DeCarley Trading market strategist Carley Garner. “The charts, as interpreted by Carley Garner, suggest the near-term pain might soon be over, but you can’t expect us to go back into […]
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3 things are pulling the market down, but only one needs to settle to find a bottom, Cramer says
CNBC’s Jim Cramer on Tuesday said that while there are three economic and geopolitical issues currently roiling the market, only one needs to resolve for the market to bottom. “There are three culprits behind our decline: The [Federal Reserve], Russia and China. Any one of them could put an end to this meltdown,” the “Mad […]
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