CNBC’s Jim Cramer on Wednesday explained what the Securities and Exchange Committee’s decision to approve spot bitcoin exchange-traded products in the U.S. means for investors. Cramer said he’s not necessarily against investing in Bitcoin, but warned investors to know the risks before buying. “I’m taking a page from Jamie Dimon here — this is a … Read more
JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022. Joe Raedle | Getty Images News | Getty Images Shares of Spirit Airlines fell about 23% Wednesday, its second day of double-digit losses, after a judge blocked its proposed merger with JetBlue … Read more
Construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China has resumed reporting the unemployment rate for young people. The National Bureau of Statistics said Wednesday that excluding people still in school, the unemployment rate for young people aged 16 … Read more
MEISHAN, CHINA – JANUARY 15: A textile worker works at the workshop of Sichuan Renshou Jin’e Textile Co., Ltd. on January 15, 2024 in Meishan, Sichuan Province of China. (Photo by Pan Jianyong/VCG via Getty Images) Vcg | Visual China Group | Getty Images BEIJING — Major international investment banks expect China’s economy to grow … Read more
CNBC’s Jim Cramer on Tuesday said the market is ready for a pullback because many stocks, including tech companies touting artificial intelligence initiatives, have climbed too quickly without a solid basis for doing so. He said Tuesday’s action — with the Dow Jones Industrial Average slipping 0.62%, the S&P 500 declining 0.37% and the Nasdaq … Read more
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023. Michael M. Santiago | Getty Images Morgan Stanley reported fourth-quarter earnings before the bell Tuesday. Here’s how the bank did compared with Wall Street expectations: Earnings per share: 85 cents, may not compare with $1.01 expected, according to LSEG Revenue: $12.9 … Read more
China’s Prime Minister Li Qiang (L) waves as Swiss President Viola Amherd looks on during an official visit in Kehrsatz, near Switzerland’s administrative capital Bern on January 15, 2024. Li Qiang, is visiting Switzerland to attend the 54th World Economic Forum Annual (WEF) which is taking place from January 14-19 in Davos. (Photo by PETER … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s market action, telling them to pay attention when several major financial institutions report earnings. Friday’s earnings season kicked off with Bank of America, JPMorgan Chase, and Wells Fargo failing to impress Wall Street, which disappointed Cramer. The Dow Jones Industrial Average slipped 0.31%. Cramer wondered … Read more
In a Friday interview with CNBC’s Jim Cramer, Kansas City Chiefs owner and CEO Clark Hunt said his team’s female audience has increased significantly since one of its players, Travis Kelce, started dating Taylor Swift. Swift, who dominated the cultural landscape last year with the blockbuster success of her Eras Tour, made headlines after she … Read more
CNBC’s Jim Cramer on Friday compared all NFL 14 teams competing in the playoffs to some of his top stock picks. “As I was reviewing this weekend’s slate of six games and the 14 teams that made the playoffs, I realized many of them are reminiscent of my favorite companies,” he said. “Tonight, I want … Read more
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