A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago. Prices rose 18.8% year over year on the S&P CoreLogic Case-Shiller National Home Price Index. Yet that was
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U.S. President Joe Biden speaks about the authorization of the Covid-19 vaccine for children ages 5-11, in the South Court Auditorium on the White House campus on November 03, 2021 in Washington, DC. Drew Angerer | Getty Images The Biden administration is formally withdrawing its vaccine and testing mandate for businesses, after the Supreme Court
In this article JNJ The Janssen Johnson & Johnson COVID-19 vaccine. Allen J. Schaben | Los Angeles Times | Getty Images Johnson & Johnson on Tuesday projected that its Covid vaccine would generate $3 billion to $3.5 billion in sales in 2022, after posting a mixed fourth-quarter report that slightly beat on earnings’ estimates but
Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. General Electric — Shares fell more than 6% after the company missed revenue estimates for the fiscal fourth quarter. The conglomerate reported 92 cents in adjusted earnings per share on $20.3 billion in revenue. Analysts surveyed by Refinitiv were
Thinking of borrowing for college? Don’t do it: It’s far too risky, far too expensive and, in many cases, a waste of money. These are strong, unexpected words coming from a college professor and economist. To be clear, I’m not saying anyone should give up on getting a college degree. But there is a much
Buyers should cool off on cryptocurrency concerns and make some long-term investments instead, SkyBridge Capital’s Anthony Scaramucci told CNBC on Tuesday. Some people think bitcoin is “rat poison,” as billionaire investor Warren Buffett once described it; others think it’s the worst thing to ever happen to civilization, Scaramucci said in a “Squawk Box” interview. “Everyone
Traders work on the floor of the New York Stock Exchange at the opening bell January 25, 2022. TIMOTHY A. CLARY | AFP | Getty Images Stocks have taken a beating in January. The S&P 500 index, a widely cited barometer of U.S. equities, touched into “correction” territory for the first time since the pandemic-fueled
Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, property billionaire Sam Zell told CNBC on Tuesday. “Everything between the top mall and the corner grocery anchor mall … [there’s] a serious question as to its viability,” Zell said in a “Squawk Box” interview. “I think retail
Get ready. Tesla and Microsoft are among the tech titans that will report. Can they beat again? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
Prime Minister Boris Johnson leaves 10 Downing Street on January 19, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Images Metropolitan Police Commissioner Cressida Dick said Tuesday that the police will investigate alleged parties held at Downing Street and Whitehall due to an apparent breach of Covid-19 rules. This is a
In this article BTC.CM= Two commemorative bitcoins pictured in front of a Tesla car during cold weather on Jan. 7, 2022. Artur Widak | NurPhoto via Getty Images As cryptocurrency investors reel from the sharp sell-off in bitcoin and other digital currencies, some fear the worst is yet to come. Bitcoin, the world’s largest virtual
There are “encouraging signs of recovery” in Singapore’s tourism sector, according to the Singapore Tourism Board. Visitor arrivals reached 330,000 and tourism receipts reached an estimated $1.9 billion Singapore dollars ($1.4 billion) in 2021, according to data published today by the nation’s tourism board. These numbers, however, are down from 2020, when Singapore received 2.7
Traders work on the floor of the New York Stock Exchange (NYSE) on February 5, 2018 in New York City. Getty Images It’s a sea of red in the stock market on Monday, and there are several factors that are dragging stocks down in January. The Dow Jones Industrial Average fell as much as 1,000
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images Bitcoin has had a difficult start to 2022. The top cryptocurrency fell below the $33,000 mark on Monday to its lowest point since July, before regaining some losses
Loading chart… EQRx Inc.: “What certain companies have to do is, they have to buy biotech companies. This is the kind of company that needs to be bought. It shouldn’t be independent.” Loading chart… DigitalOcean Holdings: “It sells at 190 times earnings. I’m not recommending anything that’s north of 50 times earnings. That’s just my
In this article IBM SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. Brian Ach | Wired | Getty Images IBM shares jumped as much as 7% in extended trading on Monday after the software and services company said
Investors may be playing with fire. According to Morgan Stanley’s Mike Wilson, the S&P 500 is vulnerable to a 10% plunge despite Monday’s late buying binge. He warns investors are dangerously downplaying a collision between a tightening Federal Reserve and slowing growth. “This type of action is just not comforting. I don’t think anybody is
Jim Cramer Scott Mlyn | CNBC It’s been a bloody few weeks for once high-flying tech stocks and CNBC’s Jim Cramer believes there is still a bit more carnage to go for some parts of the market. “Tomorrow you got to do some selling…if you own stocks that are selling at a multiple to sales…those