CNBC’s Jim Cramer on Thursday reviewed the initial public offering of Viking, a cruise line whose market debut this week was the biggest of the year so far. And despite its hefty price tag, Cramer said he’s willing to endorse the stock. “Even though Viking’s somewhat hot start has made its stock more expensive than … Read more
An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The Japanese yen weakened to levels not seen in 34 years against the U.S. dollar on Monday, only to rebound and likely clock its best week in more than a year. Here is what happened. The … Read more
Chinese new energy vehicle giant shows off the latest version of its Han electric sedan at the Beijing auto show on April 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can’t afford to take it easy in the country’s electric car boom if they want to survive. … Read more
CNBC’s Jim Cramer said Thursday that investors need weaker figures from Friday’s labor report if they want stocks to rally, adding that inflation data is what is truly driving market action. “We often get ‘bad news is good news’ moments at this point in the business cycle, but it’s rarely as excessive as it’s been … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped … Read more
CNBC’s Jim Cramer told investors to take Federal Reserve Chair Jerome Powell at his word when he said on Wednesday that it’s unlikely there’s a rate hike on the horizon, even as inflation remains stubborn. Although Powell’s comments calmed many on Wall Street, Cramer said it’s likely investors will become anxious again ahead of employment … Read more
A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises to deliver investors “100% downside protection” against the index’s losses over a one-year outcome period, according the firm’s news release. Calamos’ head of ETFs Matt Kaufman helped build … Read more
American Express CEO Steve Squeri told CNBC’s Jim Cramer on Tuesday how the company attracted more millennial and Generation Z customers, saying the cohort made up 60% of new card acquisitions during the last quarter. Squeri said that in realizing the importance of having younger clientele, American Express strived to offer cards with a high … Read more
Trade Roots, a Wareham-based Cannabis dispensary grows cannabis plants for making CBD with THC in their greenhouse, and manufactures CBD products for sale in their shop and distribution to buyers. John Tlumacki | Boston Globe | Getty Images Cannabis stocks leapt on Tuesday afternoon, buoyed by a Biden administration decision to ease federal restrictions on … Read more
McDonald’s employee giving change to a customer. Jeffrey Greenberg | UIG | Getty Images Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has dominated corporate America’s discourse over the past three years following the pandemic-induced easing of monetary policy and trillions of dollars in … Read more
