Cobb Tuning and the U.S. Environmental Protection Agency have reached a massive settlement after it was found out the popular tuner was selling “defeat devices” that allow customers to bypass the emissions controls in their cars. It’s not really something anyone should be doing. Now, the Texas-based company must pay a $2,914,000 penalty and comply … Read more
My top 10 things to watch Wednesday, Aug. 7 1. Disney with a blowout , beating analyst estimates on top and bottom lines. Also, a big raise to earnings guidance. It’s about time. Adjusted EPS for its fiscal third quarter were $1.39, up 35% from a year ago. The company’s combined streaming businesses (Disney+, Hulu … Read more
While Wall Street may still be rattled after Monday’s massive sell-off, CNBC’s Jim Cramer said many of Tuesday’s corporate earnings reports do not indicate there is a serious recession on the horizon. “I think we’re in a recessionless recession because I follow the actual micro data from individual companies that report,” he said. “When you … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Bottom challenges: The recent sell-off in U.S. stocks accelerated Monday and there’s no telling when we’ll hit the bottom. A key reason, according to Jim Cramer: … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
After buyers fled from Big Tech on Thursday, CNBC’s Jim Cramer advised investors to take advantage of the rotation but beware that it may not last long. “I say enjoy the rotation. It’s historically broadened things out, and tomorrow you’ll get another chance to make money with today’s winners,” he said. “But if interest rates … Read more
Traders work during the opening bell at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images Stocks fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 631 points, or 1.7%, weighed down by sharp declines … Read more
At law school, we learned about “proximate cause,” one of the few valuable concepts you can take from three years of drudgery. It’s about who and what caused the injury and who pays for it. The current stock market lends itself to proximate causes, as in, “We have to find a cause for the pronounced … Read more
CNBC Investing Club with Jim Cramer Rob Kim | NBCUniversal CNBC’s Jim Cramer on Friday noted that major quarterly results from players like Verizon, Meta, Microsoft and Alphabet will be coming next week, but he zeroed in on the importance of the Personal Consumption Expenditures index because it is the real gauge of inflation. Cramer said the … Read more
We’ve become prisoners of short-rate forecasts. Yeah, the ones controlled by the Federal Reserve. But those fearless investors who have broken out of this self-imposed mental jail are enjoying bountiful returns. Sure, it appears to be nothing but alchemy to the jailers and their powerful protagonists in the media. But does it matter? They don’t … Read more
