CNBC’s Jim Cramer on Monday broke down technical analysis from Carley Garner, explaining why the DeCarley Trading co-founder holds a positive outlook for a range of asset classes despite the Federal Reserve’s policy tightening. “The charts and the history, as interpreted by Carley Garner, suggest that 2022 could be a strong year for most commodities,
Dover Corp.: “I liked the quarter. We’re looking for companies that make things and do stuff, but it does have some of these industrial problems that others have. I’m going to say you can hold onto it.” Perficient: “This is one of those companies that sells at 60 times earnings, and we have been saying
Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from Mark Zuckerberg’s beleaguered cryptocurrency project. The California-based financial firm, which through its subsidiary Silvergate Bank operates the crypto-focused payments platform Silvergate Exchange
In this article WCLD NOW Bill McDermott, CEO of ServiceNow. Adam Jeffery | CNBC Maybe cloud investors just needed a little reassurance. Following a brutal stretch that’s seen one cloud computing index tumble 38% from an all-time high in November, two key members of the group — ServiceNow and Qualtrics — delivered optimistic numbers on
In this article MCD Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.34 expected
Freeman H. Shen, Founder, Chairman & CEO of WM Motor, speaks during Fireside Chat on Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 28, 2018 in Nansha, Guangzhou, China. Dave Zhong/Getty Images for CNBC International BEIJING — Covid-related restrictions have increased production costs for Chinese electric car start-up
Take a look at some of the biggest movers in the premarket: Citrix Systems (CTXS) – Citrix is near a deal to be taken private for roughly $13 billion, according to multiple media reports. The deal would see the cloud computing company acquired by Vista Equity Partners and an affiliate of Elliott Management for $104
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary
In this article TSLA WBA K CTXS SPOT BYND The Spotify app on an iPhone. Fabian Sommer | picture alliance | Getty Images Check out the companies making headlines in midday trading. Tesla — Tesla shares surged more than 9% after Credit Suisse upgraded the stock to outperform from neutral. The firm said the pullback
A Now Hiring sign hangs in front of a Winn-Dixie grocery store on Dec. 3, 2021 in Miami. Joe Raedle | Getty Images The rapid pace of pay increases that characterized the labor market for much of last year is showing signs of slowing down. Wage growth among private-sector jobs slowed to 1.2% in the
The U.S. economy is ready for interest rate increases to control rampant inflation, Richmond Federal Reserve President Thomas Barkin said Monday. With the Fed poised to start hiking rates in March and beyond, Barkin told CNBC in a live interview that tighter monetary policy is appropriate. However, he didn’t commit to how aggressive the central
Stock futures declined in overnight trading Monday after Wall Street wrapped up a tumultuous month with steep losses as investors grappled with the Federal Reserve’s policy shift. Futures on the Dow Jones Industrial Average dipped 80 points. S&P 500 futures and Nasdaq 100 futures both traded 0.3% lower. While stocks pulled off a tech-driven rally
Scott Mlyn | CNBC LONDON — UBS on Tuesday reported a fall in quarterly profit, but beat analyst expectations and set ambitious new profitability targets as part of a strategic update. The Swiss bank posted net profit attributable to shareholders of $1.35 billion for the fourth quarter. This was down from $1.64 billion a year
Take a look at some of the biggest movers in the premarket: AT&T (T) – AT&T announced plans to spin off its stake in the WarnerMedia/Discovery Communications (DISCA) combination to its shareholders when that merger is completed later this year. Shareholders will receive 0.24 shares of Warner Brothers Discovery for each AT&T share they now
When Vivian Tu was considering a career, she knew from the start that it was important for her to be financially stable as well as challenged. After graduating with a degree from the University of Chicago, known in the industry as a Wall Street feeder school, she landed on the equities trading Desk at J.P.Morgan
There’s a reason videos of people eating copious amounts of crab legs rack up millions of views on Youtube. People love watching almost as much as they love eating them. In fact, there are entire channels dedicated to devouring crab of all types. But not all crab legs are created equal. Snow crab legs are
An artist’s rendition of an ION spacecraft deploying satellites in orbit. D-Orbit Italian space transportation and services company D-Orbit announced Thursday plans to go public via a SPAC, in a deal that values the venture at $1.4 billion. The merger with special purpose acquisition company Breeze Holdings is expected to close in the second or
(Click here to subscribe to the new Delivering Alpha newsletter.) On this day last year, investors watched in amazement as GameStop shares surged to a record high of $347.51. The stock had skyrocketed amid a trading frenzy brought on by retail investors swapping stock tips — and related memes — on social media. Professional investors also got
In this article SHOP-CA FB UBER HUBS NOW People wear protective masks in front of Uber Technologies Inc. headquarters in San Francisco, California, U.S., on Wednesday, June 9, 2021. David Paul Morris | Bloomberg | Getty Images The latest bout of market volatility has been nothing short of stomach-churning for short-term investors. Indeed, a sell-off
CNBC’s Jim Cramer said Monday that investors should not bet against Federal Reserve Chairman Jerome Powell and his approach to fighting inflation. “I just think that everyone has decided that inflation is going to last years and without multiple [interest rate] increases, Jay is going to be very wrong,” Cramer said on “Squawk Box.” “I