CNBC’s Jim Cramer does not expect the Federal Reserve to cut interest rates at its coming Wednesday meeting. “I’m expecting a statement from [Chairman] Jay Powell where he explains that he’s watching the situation closely [and] he’s prepared to cut rates next month if things deteriorate,” the “Mad Money” host said. “I regard that as
The Cosco Spain container ship, operated by Cosco Shipping Holdings Co., sails near the Yangshan Deepwater Port, operated by Shanghai International Port Group Co. (SIPG), in this aerial photograph taken in Shanghai, China, on Friday, May 10, 2019. Qilai Shen | Bloomberg | Getty Images Eleven banks that lend to shipping lines announced Monday that
A man takes a photo of new Google products on display during the Google I/O conference at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Not all FAANG stocks will survive and thrive in regulators’ battle to breakup big tech, according to Needham. Given an overall
Tessa Thompson and Chris Hemsworth star in Sony’s “Men in Black: International.” Sony Are moviegoers growing tired of franchise films? Not so fast. The summer box office isn’t sizzling as much as analysts had hoped in 2019, as tent pole films like “Godzilla: King of Monsters,” “Dark Phoenix” and now “Men in Black: International” have
Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the broader stock market in the year
Andy Warhol’s artwork, ‘Silver Car Crash (Double Disaster)’ is displayed while being auctioned at Sotheby’s on November 13, 2013 in New York City. Andrew Burton | Getty Images Check out the companies making headlines midday Monday: Sotheby’s — Sotheby’s shares jumped 57.2% on news that European art collector Patrick Drahi planned to acquire the art
The United States as a nation should provide monetary help to groups who have been “disproportionately discriminated against historically,” says former Facebook executive Chris Hughes, who has been working to reduce income inequality. The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC’s “Squawk Box” he met Aisha Nyandoro, CEO of
Sotheby’s auction in Hong Kong. Anthony Wallace | AFP | Getty Images Sotheby’s auction house announced Monday that it has signed an agreement to be acquired by BidFair USA, a venture wholly owned by French media entrepreneur and art collector Patrick Drahi. Sotheby’s stakeholders will receive $57 per share in cash as a result of
Stocks that pay dividends have, over long periods, outperformed stocks that do not. GlobalStock | Getty Images What would you be willing to do if you never had to manage your personal finances again? A new survey from Merrill Edge posed that question to 1,000 investors with up to $250,000 in investible assets. And some
Omar Marques | LightRocket | Getty Images Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency. The world’s largest digital coin traveled as high as $9,381.82 in the last 24 hours, according to CoinDesk’s bitcoin price index. The last time bitcoin hit a
A Puerto Rican flag flies above empty pairs of shoes outside the Capitol building in this aerial photograph taken during a protest against the government’s reporting of the death toll from Hurricane Maria in San Juan, Puerto Rico, on Friday, June 1, 2018. Bloomberg | Bloomberg | Getty Images The oversight board in charge of
Shoppers pack an aisle during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP Target customers Sunday reported issues checking out at stores across the country, after registers were down for nearly two hours Saturday due to a system outage that created long lines. The
Tim Cook, CEO of Apple, speaks in Brussels, on October 24, 2018. ARis Oikonomou | AFP | Getty Images Apple CEO Tim Cook warned that Silicon Valley companies needed to take responsibility for the “chaos” they create in a speech Sunday at Stanford University. Although Cook did not mention companies by name, his commencement speech
The 2019 Ford F-150 Raptor Mack Hogan | CNBC The Ford F-150 Raptor is the ultimate version of Ford’s perennial bestseller. Built for everything from lumber hauling to desert dune jumping, it’s a performance machine with a pickup bed. Nearly ten years after the original Raptor was rolled off the assembly line, nobody has quite
The summer travel season is almost here. This year, millions of Americans are expected to take some sort of getaway, with two-thirds of leisure travelers planning a trip in the coming months. With the average price per vacation expected to be $2,523, you may want to add one more item to your packing list: travel
Westend61 | Westend61 | Getty Images Going on a summer vacation this year? You’re in good company. Almost 100 million Americans, or 4 in 10 U.S. adults, will take a family trip in 2019, according to AAA. That’s up slightly from last year. Meanwhile, financial website Bankrate.com found in a March 2019 survey of 2,577
Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Beijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in China. Luckin, which is the
A very long United Airlines Boeing 757-300 on the move at Los Angeles airport, 2015/08/31 SOPA Images | LightRocket | Getty Images A United Airlines jet skidded off the runway after landing on Saturday at Newark Liberty International Airport, briefly halting flights, officials said. The left landing gear of the Boeing 757 was stuck in
Businessman standing in front of window with business thinking. baona | iStock | Getty Images The following is a modified excerpt from CNBC cybersecurity reporter Kate Fazzini’s “Kingdom of Lies: Unnerving Adventures in the World of Cybercrime, ” on sale wherever books are sold. Names of corporations and individuals have been changed to protect sources. In
Spencer Platt | Getty Images When recent college graduates and friends Zuhayeer Musa and Zaheer Mohiuddin started to break into the software industry, everything they found on the internet about engineering jobs seemed to be missing the actual information they needed: How much do these jobs pay? Software engineers straight out of college often make
Bill Hinton | Getty Images First, you receive a call about your student loans. The person on the other end offers to lower your monthly payments or make your debt disappear altogether, potentially for a fee. Sounds great, right? You go through the steps, sharing your federal student loan ID and other sensitive information along
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, January 30, 2019. Leah Millis | Reuters With pretty much everyone convinced that the Fed is going to be cutting interest rates at some point this year, the central bank faces one rather pressing
Wall Street’s top rated economist Ed Hyman just called the yield-curve inversion “the number one” market risk, and this chart shows why. Going back to 1986, when the yield curve turned flatter drastically and eventually inverted, the S&P 500 tends to go into a downward spiral within the next 12 months, according to The Leuthold
A Boeing 737 MAX 8 airplane Stephen Brashear | Getty Images Boeing is heading to the world’s largest air show in crisis, giving its rival Airbus an opportunity to steal the show. Boeing’s best-selling plane, the 737 Max, has been grounded since mid-March after two crashes of the aircraft within five months killed a total
CNBC’s Jim Cramer on Friday told a “Mad Money” caller that he is staying away from stocks of companies that are highly leveraged to the mall. Foot Locker, the shoe chain that’s ubiquitous in almost every shopping center, saw its stock tank after missing Wall Street profit and revenue estimates in its latest quarterly earnings
Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are all reportedly investing in a little known “cold fusion company,” the Financial Times said on
The U.S.-China trade spat may spare a few chipmakers, says one analyst. As large chip companies such as Broadcom fall under pressure from restrictions on Chinese telecommunications giant Huawei — a major buyer of U.S. semiconductor chips until its recent blacklisting — a few more focused players will likely avoid the brunt of the pain, Ark
Traders work on the floor of the Exchange ahead of the Blue Apron IPO on the New York Stock Exchange in New York, June 29, 2017 Lucas Jackson | Reuters Check out the companies making headlines midday Friday: Broadcom — Broadcom shares dropped more than 6% after the chipmaker reported weaker-than-forecast quarterly revenue and cut
Broadcom CEO Hock Tan is paying the price for misjudging President Donald Trump‘s resolve to “bring the Chinese to their knees,” CNBC’s Jim Cramer said Friday. Trump feels he has to “sacrifice Broadcom on the alter of Huawei” to humble China in trade negotiations, Cramer argued. Last year, Broadcom received about $900 million in revenue
Retailers looking to offset added costs stemming from the U.S.-China trade war by hiking prices should rethink their strategies, retail consultant and ex-department store executive Jan Kniffen said Friday. “It’s won’t get passed through. The consumer won’t accept it,” the J. Rogers Kniffen Worldwide Enterprises CEO told CNBC’s “Squawk Box, ” saying consumers have not
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