CNBC’s Jim Cramer said Thursday he believes fears that the U.S. economy is headed for a period of stagflation should be put to rest after a series of impressive retail earnings reports. Stagflation is a term used to describe slow economic growth at a time of high inflation. It was initially spotted in the 1970s,
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Odell Beckham Jr. #13 of the Cleveland Browns warms up before a game against the Denver Broncos at FirstEnergy Stadium on October 21, 2021 in Cleveland, Ohio. Emilee Chinn | Getty Images Sport | Getty Images Odell Beckham Jr. has a new team. The National Football League wide receiver agreed to a deal with the
Medical staff take care of a Covid-19 patient in the Covid-19 intensive care unit of the community hospital (Klinikum Magdeburg) in Magdeburg, eastern Germany, on April 28, 2021. RONNY HARTMANN | AFP | Getty Images Germany was once seen as the poster child of how to deal with the coronavirus. Now, it’s recording close to
CNBC’s Jim Cramer said Wednesday he believes there are four standout stocks that investors should buy if they want to bet on the success of the so-called metaverse. “Going forward, there will be many companies who try to claim they got a piece of the metaverse,” the “Mad Money” host said. However, for now, he
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as U.S. sales shrank. The company’s fourth-quarter outlook also fell short of Wall Street’s
Bentley, the ultra-high end British car maker, is enjoying some of its best years. The century-old automaker reached record sales of 11,206 units in 2020, despite the pressures of the coronavirus pandemic. That momentum carried into this year. The first half of 2021 also already yielded more profits than the company earned in any year
Quarterback Aaron Rodgers #12 of the Green Bay Packers watches from the sidelines during the second half of the NFL game at State Farm Stadium on October 28, 2021 in Glendale, Arizona. The Packers defeated the Cardinals 24-21. Christian Petersen | Getty Images The National Football League has fined the Green Bay Packers and their
College life can be stressful as students try to juggle schoolwork, employment, internships, extracurricular activities and their social lives — all while living on their own, many for the first time. And, while the pandemic added an extra layer of stress for all of us, young adults were hit harder than other generations. “Even though
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Shareholders of Hertz Global Holdings increased the size of their public offering of shares by 20%, ahead of plans to relist the stock on the Nasdaq on Tuesday under the ticker symbol “HTZ.” The Estero, Florida-based car-rental company late Monday said the pricing of
A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco. Louis Nastro | Reuters A federal judge in Texas on Monday ruled that United Airlines‘ employee vaccine policy can proceed. The Chicago-based airline has one of the strictest employee vaccine policies in the country. In
In this article DIS Patty Jenkins attends TNT’s “I Am The Night” FYC Event on May 9, 2019 in North Hollywood, California. Emma McIntyre | Getty Images The next installment in Star Wars’ big screen franchise has been delayed, according to a report from the Hollywood Reporter. “Rogue Squadron,” which was slated for release on
Malaysia Airlines aircraft are parked on the tarmac at Kuala Lumpur International Airport in Sepang on September 7, 2020. Mohd Rasfan | AFP | Getty Images SINGAPORE — Quarantine-free travel between Singapore and neighboring Malaysia will start from Nov. 29 for vaccinated travelers, the two countries announced Monday. Sweden and Finland will also be included in
In this article .SPX The Fed is tapering, and unlike the central bank’s 2013 reduction in monthly purchases of Treasury bonds and mortgage-backed securities, the stock market took it in stride. Or did it? When then-Fed chair Ben Bernanke surprised the market in 2013 with an indication the Fed would end its bond buying, stocks
In this article DIS (L-R) Lauren Ridloff, Don Lee, Angelina Jolie, Richard Madden, Salma Hayek, Gemma Chan, Lia McHugh and Brian Tyree Henry star in Marvel’s “Eternals.” Disney “Eternals” may be the lowest-rated film in the Marvel Cinematic Universe, but that didn’t stop moviegoers and ardent fans of the franchise from heading out to cinemas.
David Hartwell | Moment | Getty Images Consumers are returning to restaurants in droves, but continued demand for takeout is exacerbating shortages of items like plastic straws, coffee cups and to-go containers. Snarls in the global supply chain have been rippling across the economy for months as the health crisis has created bottlenecks and other
Travis Scott performs at Day 1 of the Astroworld Music Festival at NRG Park on Friday, Nov. 5, 2021, in Houston. Amy Harris/Invision/AP Officials confirmed that eight people, including a fourteen and sixteen year old, died and 25 others were hospitalized at the Astroworld music festival on Friday in Houston. Seven of the victims ranged
Frank Ruiz, Audubon’s Salton Sea Program Director, searches for signs of bird activity on the northeastern shore of the Salton Sea. The lake’s once thriving ecosystem is deteriorating as the shoreline recedes and salinity increases. Emma Newburger | CNBC IMPERIAL COUNTY, CALIF. — The vision for Salton City was clear: A bustling, resort community along
In this article GM NCLH Cruise Origin driverless shuttle Cruise General Motors-backed Cruise is seeking final approval from California to begin commercializing its robotaxi fleet in San Francisco. The self-driving car start-up said Friday it submitted a permit for an autonomous vehicle deployment with the California Public Utilities Commission. It is the last of six
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images CNBC’s Jim Cramer said Friday he believes Peloton shareholders should be on the lookout for an off ramp after the
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images Peloton halted hiring across all departments effective immediately during an all-hands meeting on Friday, CNBC has learned, a