Another Wall Street analyst has thrown their support behind Coterra Energy , adding to Jim Cramer’s belief that the oil and gas producer is a stock to watch in the new year. Bank of America on Friday upgraded Coterra to buy from a hold-equivalent rating, becoming the fourth research firm in less than a month … Read more
CNBC’s Jim Cramer on Friday pointed out the number of biopharma mergers and acquisitions that have closed or been announced over the last few months. He told investors to keep an eye on these moves in advance of the JPMorgan health care conference next week. “I know that drug companies are tough to own in … Read more
CNBC’s Jim Cramer on Friday told investors what to watch for on Wall Street next week, highlighting JPMorgan‘s market-moving health-care conference in San Francisco. Taking place from Monday to Thursday, the conference is one of the year’s largest gatherings of major industry CEOs where they reveal earnings guidance and updates on clinical trial research. “The … Read more
The U.S. labor market beat expectations again in December, adding 216,000 jobs to close out the year while the unemployment rate held steady at 3.7%. Yet the job gains were slower than the same period a year ago, with the three-month average gain dropping to 165,000 a month compared with an average of 284,000 in … Read more
LONDON, ENGLAND – NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images) Leon Neal | Getty Images News | Getty … Read more
Omar Marques | Lightrocket | Getty Images Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected. 13 companies have filed for a spot bitcoin ETF: Grayscale Bitcoin Trust Ark/21 Shares Bitcoin Trust Bitwise … Read more
Howard Davies, chairman of Natwest Group Plc. Bloomberg | Getty Images The chair of one of Britain’s biggest banks faced a backlash Friday after saying it is not “that difficult” to get on the property ladder. NatWest chair Howard Davies told the BBC’s “Today” program that the current economic landscape — which has seen interest … Read more
The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. … Read more
CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Daniel Leal | Afp | Getty Images Coinbase, Crypto.com, Gemini … Read more
Here are the most important news items that investors need to start their trading day: 1. Winning streaks in jeopardy A stellar run for U.S. stock has hit a hurdle this week. The major averages could break nine-week winning streaks after a poor start to 2024. The Dow Jones Industrial Average has fallen 0.7% for … Read more
