CNBC’s Jim Cramer said Tuesday he believes it’s a favorable environment for investors to put money to work in the U.S. stock market. Positive economic signs are abound, Cramer said on “Squawk on the Street,” reading a sampling of headlines on Tuesday’s front page of The Wall Street Journal about a recovery in airline travel,
Month: March 2021
Billionaire Elon Musk appears to be selling a recent tweet of his as an NFT, or non-fungible token. “I’m selling this song about NFTs as an NFT,” Musk, CEO of SpaceX and Tesla, tweeted on Monday. In the Twitter post, Elon released a techno song with the lyrics: “NFT for your vanity. Computers never sleep.
Workers make protective masks at a factory in Handan, Hebei province, China January 22, 2020. China Daily via REUTERS BEIJING — While much of the world is still dealing with the coronavirus pandemic, China’s economy is showing signs that it has already passed the peak of a domestic recovery. That means growth ahead will not
A handheld ultrasound (Vscan Air) to go beyond highly specialized branches of medicine such as obstetrics and cardiology to primary care physicians. Source: G.E. General Electric on Tuesday announced the launch of its new wireless, hand-held ultrasound device, Vscan Air, as the company seeks to capture a leading position in the growing market. It’s the
IronHeart | Moment | Getty Images Extra unemployment benefits offered by the American Rescue Plan may not arrive until mid-April or later, the U.S. Department of Labor said Monday. The $1.9 trillion Covid relief bill, which President Joe Biden signed Thursday, extended jobless aid to Labor Day and continued a $300 weekly enhancement to benefits.
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City. Spencer Platt | Getty Images March 16, 2020 was the day when Covid got very real for market investors. It was the week everyone realized that we would be in for a prolonged shutdown. When
Sotheby’s is joining the nonfungible token craze through a collaboration with digital artist Pak. “We’ve been following the NFT space for some time,” Sotheby’s CEO Charles Stewart said Tuesday on CNBC’s “Squawk Box,” where he announced the auction house’s partnership with Pak. The upcoming sale is set to launch next month. “This is new for
A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were flat in overnight trading as investors await the outcome from the Federal Reserve’s two-day policy meeting and comments from Fed Chair Jerome Powell
Ford touts its 2021 F – 150 Police Responder as “America’s only purpose-built, pursuit-rated pickup truck. Ford The next time you get pulled over, it may be by an officer in a Ford pickup truck instead of a traditional “cop car.” Ford Motor unveiled its new 2021 F-150 Police Responder on Tuesday ahead of spring
William Thomas Cain | Getty Images Those new $1,400 stimulus checks are arriving. While the majority of payments will be made by direct deposit, others will receive the money in the mail — as paper checks or debit cards. There could be some differences in what the U.S. Postal Service drops in your mail box
As more countries lift travel restrictions for those who have been vaccinated, the world is slowly opening to travelers again. Travelers without kids, that is. To date, no Covid-19 vaccine has been approved for use in children, said Dr. Sharon Nachman, chief of the pediatric infectious disease division at Stony Brook Children’s Hospital. Clinical trials
Peter Cade | Stone | Getty Images U.S. solar installations reached a record high during 2020 as favorable economics, supportive policies and strong demand in the second half of the year offset the impacts from the coronavirus pandemic. Installations grew 43% year over year during 2020, reaching a record 19.2 gigawatts of new capacity, according
Brett Schulman trades a career in finance for food. Source: Cava Guess who’s moving out to the suburbs now? The Covid-19 pandemic set into motion several trends that stand to alter the restaurant space even after vaccines are widely administered and life returns to a new normal. From the migration out of dense cities to
Ceylon cinnamon is native to just one region of the world. And producing it requires hours of delicate work. Even the most skilled workers can make only a few pounds of quills a day. One pound of cinnamon quills can cost $27. But not all spices labeled “cinnamon” are the Ceylon variety. Many in the
CNN’s Brian Lowry reviews the FX mini-series ‘Feud: Bette and Joan,’ developed by Ryan Murphy and starring Jessica Lange and Susan Sarandon.
The Internal Revenue Service (IRS) headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images Jobless Americans should wait to file an amended tax return to get a new tax break on unemployment benefits received last year, the IRS said Friday. The American Rescue Plan Act of 2021, which President Joe Biden signed Thursday, waives federal
Bill Ackman, founder and CEO of Pershing Square Capital Management. Cameron Costa | CNBC Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang — worth more than $1 billion — to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge fund,
mphillips007 | iStock Unreleased | Getty Images It seems unthinkable: Someone buys a lottery ticket, it ends up being worth a ton of money and yet they never claim the windfall. Right now, there’s a $1 million Mega Millions prize whose winner must come forward by March 17 or the winning ticket, purchased in Rhode
Credit Suisse’s Jonathan Golub is urging investors to get clever with recovery plays. He’s advocating a broad strategy that goes beyond reopening trades such as airlines and hotels. “It could be metals and mining companies. It could be machinery and industrial names. Chemical names,” the firm’s chief U.S. equity strategist and head of quantitative research
Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric stock surged more than 5% Monday as bullish analysts defended the company’s decision last week to sell its jet-leasing business to rival AerCap and new financial guidance. On Wednesday, the Boston-based conglomerate announced of the sale of GE Capital Aviation Services, or Gecas, the largest remaining asset
Tetra Images | Tetra images | Getty Images The rules governing flexible spending accounts are temporarily more generous to workers, thanks to two pieces of legislation. The American Rescue Plan — the $1.9 trillion Covid-relief package signed into law on Thursday by President Joe Biden — boosts the amount that companies can let workers put
Shoppers walk past a “Sale” sign outside a store at the Easton Town Center Mall in Columbus, Ohio, on Thursday, Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Shutting down a $20 trillion economy in full swing seemed a daunting enough task by itself. Restarting that massive machine has proven still tougher. A
A non-fungible token by the artist Beeple sold at Christie’s for over $60 million, making it the most expensive NFT ever sold at auction. The final sale price could shift higher as final bids are processed and auction fees are added, which could bring the total to more than $69 million. But the sale capped
The Leuthold Group’s Jim Paulsen has a message for investors: Don’t give up on Big Tech. According to the firm’s chief investment strategist, Nasdaq volatility associated with rising Treasury Note yields may not be enough to permanently derail its two decade leadership cycle. “It’s quite a coincidence that that same peak we had three weeks
Singapore Airlines crew members and travelers at the transit hall of Changi Airport in Singapore on Jan. 14, 2021. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore Airlines shares jumped Monday after the city-state confirmed it was in talks with Australia to set up an air travel bubble. Singapore Airlines shares were up
The reflation trade – which assumes a successful vaccine rollout, pent-up demand and fiscal stimulus will boost economic growth and prices – has dominated markets. The FT’s Robert Armstrong explains why investors have embraced ‘reflation-mania’ and what it means for different stocks. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or
College dreams are not what they used to be. Up until this year, high school senior Jason Neuharth, 18, was set on attending a technical school in his home state of Minnesota. “I was adamant on going to college — this was going to be my future,” he said. But the last 12 months of
Signage is displayed on the ZoomInfo Technologies headquarters in Waltham, Massachusetts, on Wednesday, June 3, 2020. Scott Eisen | Bloomberg | Getty Images How are investors supposed to find stocks poised to outperform amid the latest round of market volatility? One way is by following the activity of analysts with proven stock picking abilities. TipRanks
krisanapong detraphiphat | Moment | Getty Images When investing in the markets, many forces can affect your portfolio and how you invest, but very few of them have a bigger impact than interest rates and where the 10-year Treasury stands. An interest rate is simply the amount charged by a lender to a borrower for
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Monday, continuing last week’s rally that led the Dow and S&P 500 to record highs. Dow futures rose 95 points. S&P 500 futures gained 0.26% and Nasdaq
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