We own six of the Magnificent Seven. Here is Jim Cramer’s take on each

We own six of the Magnificent Seven. Here is Jim Cramer’s take on each

The Magnificent Seven — a term I coined earlier this year to track the market’s biggest tech winners — has certainly lived up to its vaunted name. Those seven mega-cap tech names are Apple, Google-parent Alphabet, Facebook and Instagram owner Meta Platforms, Microsoft, Amazon, Nvidia and Tesla. The first six are Club names. Call them … Read more

UK inches closer to technical recession as growth is revised down

UK inches closer to technical recession as growth is revised down

People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images) James Manning – Pa Images | Pa Images | Getty Images LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter. U.K. gross domestic … Read more

IRS unveils employee retention credit voluntary disclosure program

IRS unveils employee retention credit voluntary disclosure program

IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS has unveiled a “voluntary disclosure program” for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands per employee, the employee retention tax credit, or … Read more

Two dead after plane crashes into power lines in NSW

Two dead after plane crashes into power lines in NSW

A man and a young boy have died in a light plane crash 25km west of Grafton in the northeast of NSW. Emergency services were called to Winegrove Rd in Lilydale at 8.50am on Tuesday following reports a light plane had crashed into power lines. It’s understood the plane then nose-dived into a rocky riverbed … Read more

Markets rebound to welcome Santa Claus rally

Markets rebound to welcome Santa Claus rally

A Christmas tree stands in front of the New York Stock Exchange (NYSE) in New York on December 1, 2023. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Guy Fieri’s kids will need to work for inheritance: ‘Come and take it’

Guy Fieri’s kids will need to work for inheritance: ‘Come and take it’

Guy Fieri’s kids are going to have to hit the books if they ever want the keys to Flavortown. The restauranteur and TV star has told his sons that they’ll need to go to grad school if they want to inherit his fortune. “I told them the same thing my dad told me: ‘When I … Read more

Australians with visa approved families in Gaza told they will not receive help for non-immediate family members

Australians with visa approved families in Gaza told they will not receive help for non-immediate family members

Palestinians who have applied for their families to arrive in Australia on temporary visas say they are being left in the lurch after the federal government told them it cannot assist the evacuation of non-immediate family members from the war zone. The Department of Home Affairs announced last month that 860 temporary visas were approved … Read more

Europe has record gas stores for winter — but bills remain painful

Europe has record gas stores for winter — but bills remain painful

A worker heats the seal of a joint between two segments of pipe during construction of a section of an interconnector gas pipeline, linking the gas networks of Bulgaria and Serbia, on the outskirts of Sofia, Bulgaria, on Friday, Feb.24, 2023. Bulgaria has begun work on a new pipeline to neighboring Serbia that will enable … Read more