CNBC’s Jim Cramer said Monday that Wall Street is a land divided — with three distinct markets existing under the surface that are all behaving differently. “We’ve got a speculative market, and then we’ve got a market that is keying on tech, and then we’ve got a regular market that isn’t doing anything,” Cramer said…
Stocks were brutalized Friday in a way we haven’t seen in ages. Everything except some downtrodden consumer packaged goods stocks, led by the resurgent PepsiCo , was slaughtered. The headwinds were enormous and came from disparate places. Bond yields came down huge, something that equity markets normally greet with tremendous relief and price-to-earning multiple expansion….
Government shutdowns should, theoretically, matter to the stock market. A shutdown could hurt spending power for up to 900,000 people, the highest estimate I have seen for those to be furloughed. That’s a lot of people who will spend a lot less money – especially because most Americans live paycheck to paycheck. Shutdowns still don’t…
My top 10 things to watch Friday, Sept. 19 1. The iPhone 17 and iPhone Air are officially on sale today. I’m a believer that this new lineup of phones, especially the Air, is exciting enough to drive upgrades. Shares of Club name Apple could sure use that boost while the tech giant gets its…
Here are some of the companies making big moves in midday trading: Monster Beverage — The energy drink manufacturer dropped nearly 3% after Rothschild & Co. downgraded shares to neutral from buy. Analyst Charlie Higgs pointed to uncertainty around aluminum tariffs, noting that “this has yet to be reflected in consensus estimates, which look too…
Check out the companies making headlines before the opening bell: Starbucks – Shares of the coffee chain jumped almost 2% after CNBC reported that Starbucks China has drawn bids for a potential stake sale that value the subsidiary at up to $10 billion. While shortlisting could be done in two months, the deal itself likely…
Chinese artificial intelligence startup company DeepSeek stunned markets and AI experts with its claim that it built its immensely popular chatbot at a fraction of the cost of those made by American tech titans. That immediately called into question the billions of dollars U.S. tech companies are spending on a massive expansion of energy-hungry data…