CNBC’s Jim Cramer analyzed several major banks’ performances on Wednesday, telling investors what to look out for when JPMorgan, Citigroup, Bank of America and Wells Fargo release earnings reports on Friday. These reports can set the tone for earnings season, he said. “If you believe, as I do, that interest rates have peaked and that … Read more
The U.S., China and India may take turns leading the global economy this century, according to an analysis from the Centre for Economics and Business Research. The CEBR forecast suggests China could potentially take the top spot as the world’s largest economy by gross domestic product as early as 2037. The forecast also sees potentially strong … Read more
CNBC’s Jim Cramer said today’s market presents a rare landscape where analyst upgrades and price target bumps are catalysts for market action. “These recommendations and little tidbits and asides suddenly have power in this market because, at the moment, there doesn’t seem to be anything about what we call ‘resistance,’” he said, “Meaning there’s nothing … Read more
SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event on August 25, 2022 in Boca Chica Beach, Texas. Michael Gonzalez | Getty Images SpaceX successfully sent text messages via Starlink satellites using T-Mobile’s network, it announced Wednesday, as Elon Musk’s company aims bring its direct-to-device cell … Read more
Former Sunrise host-turned Compare the Market economic director David “Kochie” Koch has crunched the numbers to expose a growing wealth gap in the housing market. He linked spending by those in the older generation to a boom in inflation, and explained how mature Australians have been shielded from rate rises, in a “tough pill for … Read more
Former U.S. president and Republican presidential hopeful Donald Trump departs after speaking during a Commit to Caucus rally at the North Iowa Events Center in Mason City, Iowa, on Jan. 5, 2024. Christian Monterrosa | AFP | Getty Images Donald Trump has been barred from personally making a closing argument at his New York civil … Read more
After Hertz’s full-scale EV adoption plan resulted in its fleet of new Tesla Model 3s getting abused by rideshare drivers and renters alike, Hertz is selling off a portion of its fleet for wildly cheap prices. Before you go snatch up these electrified bargains, keep in mind that Hertz is jettisoning these Model 3s due … Read more
Prescriptions for ADHD treatments surged among adults during the COVID-19 pandemic, helping to fuel lingering shortages that frustrate parents and doctors. New prescriptions for stimulants used to treat the condition jumped for young adults and women during a two-year window after the pandemic hit in March 2020, according to a study published Wednesday in JAMA … Read more
Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell the business, adding it’s unlikely … Read more
Happy Wednesday! It’s January 10, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla Lowers Estimated Range For All Vehicles … Read more
