Stock markets
Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%
Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. “Our recent public fund performance […]
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Stocks making the biggest moves premarket: Hormel, Ciena, GameStop and more
Check out the companies making headlines before the bell: Hormel (HRL) – Hormel added 1.7% in premarket trading after beating top and bottom-line estimates for its latest quarter. The company behind the Spam, Dinty Moore and Jennie-O food brands backed its earlier full-year sales guidance and also said its moves to mitigate inflation and supply […]
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Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a […]
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Cramer’s lightning round: I like P&G over Olaplex
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Jim Cramer says investors should consider 3 things before buying a stock
CNBC’s Jim Cramer on Wednesday told investors they should buy stocks based on the company’s financial performance, rather than on whether they like its products. Better yet, investors should also make sure the stocks they purchase can withstand the currently turbulent economy, he said. “Doing the homework about the underlying company and knowing how the […]
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Jim Cramer says he likes this alternative energy play for a high inflation environment
CNBC’s Jim Cramer on Wednesday gave investors his blessing to buy shares of Atlantica Sustainable Infrastructure. “Atlantica’s a real company that sells real stuff at a profit and returns those profits to shareholders, while still having a relatively cheap stock. It’s exactly what we like in this high inflation environment where the [Federal Reserve] is […]
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Tough new sanctions on Russia could hit world oil supply and change the OPEC+ dynamic
OPEC+ is expected to stick to its current production agreement for now, but behind the scenes the oil-producing nations could be planning for the day when Russia’s contribution to world oil supply could be far reduced. The European Union’s move to ban most Russian oil and put new sanctions on shipping insurance could seriously hamper […]
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Stock futures are little changed as investors dwell on health of the economy
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. Andrew Kelly | Reuters U.S. stock futures were flat Wednesday night as economic concerns dragged down investor sentiment. Futures tied to the Dow Jones Industrial Average edged lower by 13 points, or […]
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Stocks making the biggest moves after hours: Chewy, MongoDB, Hewlett Packard Enterprise and more
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Chewy — The pet retailer’s shares surged nearly 20% after hours […]
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These ‘dividend aristocrats’ offer steady returns in an uncertain market, Credit Suisse says
As Wall Street starts another month with further volatility in the markets, Credit Suisse identified some “dividend aristocrats” that could offer investors steady returns. Analysts at the investment bank maintained an overweight rating on dividend stocks, even as they moved down to neutral on value stocks, according to a Friday report from the investment bank. […]
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