The stock market rallied Friday as investors reacted to the worse-than-expected April jobs report, which indicates the Federal Reserve’s easy policy is unlikely to go anywhere soon, CNBC’s Jim Cramer said. “I know the conventional wisdom says sell in May and go away, but that stupid ditty needs to be retired, at least when it … Read more
Dogecoin, the cryptocurrency branded after a viral dog meme from years ago, has a market capitalization of about $86 billion following a six-month climb of nearly 25,000 percent. Over that same time period, the S&P was up 19 percent, while crypto rivals bitcoin and ether were up 286 percent and 698 percent, respectively, according to … Read more
Jan Hatzius, chief economist of Goldman Sachs. Jonathan Fickles | Bloomberg | Getty Images Goldman Sachs chief economist said Friday that the unexpectedly weak April jobs report was likely due to statistical issues and did not signal hidden weaknesses in the U.S. economic recovery. The U.S. economy added 266,000 jobs in April, according to the … Read more
SEC Chairman Gary Gensler told CNBC on Friday the agency is looking into how commission-free retail brokerage apps encourage more stock trading and then make money off m the execution of those trades. “There is a little bit of a conflict of interest,” Gensler said on “Squawk Box,” one day after testifying about this issue … Read more
wallix | iStock Editorial | Getty Images Siemens raised its full-year profit and sales guidance on Friday for the second time this year, after the German conglomerate beat earnings forecasts for the second quarter. Siemens reported adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for its industrial businesses of 2.1 billion euros ($2.53 billion), … Read more
Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the fitness equipment maker apologized for not voluntarily … Read more
After a tough day of trading on Wall Street, CNBC’s Jim Cramer said the market is giving investors an opportunity to find stocks that are excellent buys. “Even though we had a brutal sell-off today, we’re still in one of the greatest second chance markets I’ve ever seen, as you saw with the industrials between … Read more
Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. Lucy Nicholson | Reuters Fundstrat Global Advisors co-founder Tom Lee told CNBC on Tuesday that he remains bullish on the energy sector as the U.S. economy recovers from the coronavirus pandemic. “I think the entire energy … Read more
CNBC’s Jim Cramer said Tuesday he owns ether, the world’s second-largest cryptocurrency by market value. “I’ve got a lot of ether,” Cramer said on “Squawk Box,” explaining he initially acquired it in order to bid on nonfungible tokens, or NFTs, being auctioned in March by Time magazine. “I didn’t get it, so I just kept … Read more
Traders on the NYSE, May 3, 2021. Source: NYSE It’s not just about earnings anymore: Dividends and huge inflows are helping stocks power forward. April trading data is in, and it shows two surprises: an increase in dividends, and huge inflows into equities that are even stronger than the first three months of the year. … Read more