Stock markets
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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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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Nasdaq futures fall following Tuesday’s sharp losses for stocks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Nasdaq 100 futures fell on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown. Dow Jones Industrial Average futures rose 31 points, or 0.1%. S&P […]
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Stocks making the biggest moves after hours: Alphabet, Robinhood, Meta and more
The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines after the bell. Alphabet — Shares tumbled more than 6% in extended trading after Google’s parent company reported an earnings miss. The firm reported earnings of $24.62 per share […]
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Here are 10 steady dividend stocks investors can use to counter surging inflation
CNBC Pro found 10 stocks that offer investors steady cash payouts and are beating the market this year. Source
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