Business

Investors may want to prepare for a more challenging trading environment next year compared with the gains of 2021, CNBC’s Jim Cramer said Tuesday, leaning on technical analysis from DeCarley Trading co-founder Carley Garner. “The charts, as interpreted by Carley Garner, suggest that the S&P 500 could still have some more upside thanks to that

In this article NKLA Trevor Milton CEO of Nikola Massimo Pinca | Reuters Electric truck maker Nikola has agreed to pay the Securities and Exchange Commission $125 million to settle charges that it defrauded investors by misleading them about its products, technical capacity and business prospects. SEC officials said they hoped the penalty would serve

CNBC’s Jim Cramer said Monday he expects the Covid omicron-related slide on Wall Street to be relatively short-lived, contending investors should “stay the course” and look to strategically put money to work. “The stock market … can turn on a dime, so you need to be on the lookout for stories about how the omicron

In this article MRNA Empty bottles of Moderna Covid-19 vaccine are pictured in a vaccination center in Garlan, western France, on December 13, 2021. FRED TANNEAU | AFP | Getty Images Moderna announced Monday that a third dose of its mRNA vaccine against Covid-19 appears to provide significant protection against the omicron variant. However, it

In this article DIS 6758.T-JP Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.” Disney “Spider-Man: No Way Home” shattered pandemic box office records this weekend, opening with an estimated $253 million in ticket sales. Not only is this the highest film debut of 2021, it is the third-best opening of all

New York City FC forward Valentín Castellanos (11) passes the ball forward against Portland Timbers midfielder Diego Chara (21) during the MLS Cup Final between the Portland Timbers and New York City FC on December 11, 2021 at Providence Park in Portland, Oregon. Brian Murphy | Icon Sportswire | Getty Images While other U.S. sports

In this article DIS 6758.T-JP Tom Holland and Benedict Cumberbatch star as Peter Parker and Doctor Strange in “Spider-Man: No Way Home.” Sony “Spider-Man: No Way Home” is smashing pandemic box office records. Between Thursday previews and Friday showtimes, the latest Marvel Cinematic Universe flick has tallied $121.5 million in ticket sales domestically. “Just as

U.S. President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Wednesday, Nov. 3, 2021. Al Drago | Bloomberg | Getty Images A federal appeals court has reinstated the Biden administration’s vaccine and testing requirement for private businesses that covers about 80 million American workers. The ruling by the 6th

Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California.  Source: Noah Berger | General Motors DETROIT – General Motors has been mum about the abrupt departure Thursday of Dan Ammann, the CEO of

Adobe Chairman and CEO Shantanu Narayen on Thursday expressed confidence about the company’s future, telling CNBC’s Jim Cramer that the software maker’s weaker-than-expected forward guidance does not signal problems for its business. Narayen’s comments on “Mad Money” came shortly after Adobe shares tumbled 10.2% in Thursday’s session, as investors responded negatively to the company’s financial

In this article RIVN RJ Scaringe and team on opening day at Rivian’s manufacturing campus in Normal, IL. Source: Rivian Rivian Automotive confirmed plans Thursday to build a new vehicle assembly plant in Georgia, as the company begins production of a second electric vehicle at its current facility in Illinois. Both are notable milestones for

Woman doing online shopping. Oscar Wong | Moment | Getty Images Free returns are certainly not free for retailers. In fact, the cost of processing returns will increase this holiday season, according to logistics forecasts, especially against a backdrop of rising inflation, labor shortages and Covid precautions. The average holiday return will cost retailers two-thirds

Protesters seen holding placards calling for a stop to the Williams natural gas pipeline (aka ‘Northeast Supply Enhancement (NESE) Pipeline”) during a demonstration held on Centre Street adjacent to City Hall Park in New York City. Michael Brochstein | LightRocket | Getty Images The New York City Council on Wednesday voted to pass legislation banning

A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images A female former employee of Elon Musk’s SpaceX alleged in an essay published Tuesday that the space company’s workplace is “rife with sexism” and that its

Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.” Disney The domestic box office may have finally found a hero. Marvel’s friendly neighborhood Spider-Man swings into theaters once more this weekend and promises to deliver big gains for the movie theater industry. Conservative estimates suggest “Spider-Man: No Way Home,” Tom Holland’s third

In this article 7203.T-JP The Toyota Motor Corp. logo in the Toyota City Showcase exhibit at the company’s Mega Web car theme park in Tokyo, Japan, on Monday, Nov. 1, 2021. Kiyoshi Ota | Bloomberg | Getty Images Toyota, one of the world’s largest automakers, is planning to invest 4 trillion yen ($35 billion) to

The sun sets at the Davis Station, Antarctica. Rachael Robertson An ice shelf holding a critical glacier in Antarctica could shatter within the next five years, scientists warned on Monday during an American Geophysical Union meeting. The Thwaites Glacier is a Florida-sized sheet that’s already responsible for about 4% of global annual sea level rise

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., on Wednesday, Dec. 1, 2021. Jim Lo Scalzo | EPA | Bloomberg | Getty Images Covid booster shots are “optimal care” as the

In this article PTON Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton wants users to know its at-home fitness equipment can improve one’s physical health — not lead to health complications, which was implied in the reboot of “Sex and

People search through a tornado-damaged building on December 11, 2021 in Mayfield, Kentucky. Brett Carlsen | Getty Images LOUISVILLE, Ky. – Kentucky Governor Andy Beshear declared a state of emergency early Saturday morning and asked President Joe Biden for federal assistance after a deadly storm swept through the Bluegrass State overnight. “It’s devastating,” Beshear said

U.S. President Joe Biden speaks about the deadly tornadoes that struck Kentucky, in Wilmington, Delaware, U.S., December 11, 2021. Kevin Lamarque | Reuters President Joe Biden said his administration is standing by and ready to do “whatever is needed” after several dozen people were killed by a swarm of powerful tornadoes and storms that ripped

Azek CEO Jesse Singh told CNBC the company believes it will be able to boost its profitability in the future, driven by an increase in productivity and a decrease in raw materials costs. “We like many companies have experienced pretty significant inflation,” Singh said in an interview with Jim Cramer on “Mad Money.” “As we

In this article KSS M Saks Fifth Avenue CEO Marc Metrick said Friday that splitting the e-commerce and brick-and-mortar sides of the luxury retailer into two companies is allowing it to win additional shoppers and cater to them differently. “It’s a new focus and it’s a new way of running the business and the customer

When former wealth manager Keith Tan gave up his finance job in 2015, he was scarcely aware of the entrepreneurial journey that lay ahead. What started as plans to launch a chain of coffee shops soon turned into a technology company with aims to improve efficiencies in the food and beverage industry. Six years on,

In this article LULU People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Lululemon‘s stock gave up gains in extended trading Thursday after the company

A fan wearing a face mask looks on during the Sky Bet Championship match between Nottingham Forest and Fulham at City Ground on October 24, 2021 in Nottingham, England. Naomi Baker | Getty Images Sport | Getty Images LONDON — The increase in omicron Covid cases in the U.K. is on such steep trajectory that

In this article GME A person wearing a protective mask exits from a GameStop Corp. store at a mall in San Diego, California, on Thursday, April 22, 2021. Bing Guan | Bloomberg | Getty Images GameStop shares fell more than 5% in extended trading on Wednesday, after the video game retailer reported that its losses

London’s Connaught Bar is the best bar in the world — again. That’s according to “The World’s 50 Best Bars,” an annual ranking by William Reed Business Media, a U.K.-based company that also publishes “The World’s 50 Best Restaurants” list. After a subdued online ceremony in 2020, this year’s results were announced yesterday at a

In this article M KSS Mickey Drexler has led some big retail brands, and he sees challenges ahead for the sector even as in-store shopping is picking up again. But he doesn’t understand how the latest Wall Street idea for retail —spinning off growing online operations — will solve more issues than it ends up

Penn National Gaming: “That stock has been crushed. it’s down more than 40%. I have to tell you, we’re in the height of the gambling season coming up. Penn Nat and DraftKings, they may go down later, but right now I think to sell them is a mistake. Whoa, they’re bad, but to sell them