CNBC’s Jim Cramer on Thursday advised investors to invest in profitable companies if the Federal Reserve institutes a half-point double rate hike, using an analysis of the Fed’s last double rate hike and its aftermath in 2000. “We know what works when the Fed tightens aggressively. The lesson of 2000 is to stick with profitable
Business
Three P&O Ferries, Spirit of Britain, Pride of Canterbury and Pride of Kent moor up in the cruise terminal at the Port of Dover in Kent as the company has suspended sailings ahead of a “major announcement” but insisted it is “not going into liquidation.” Gareth Fuller | PA Images | Getty Images The boss
A child reacts while receiving a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at Smoketown Family Wellness Center in Louisville, Kentucky, U.S., November 8, 2021. Jon Cherry | Reuters LONDON — One of the enduring mysteries of the Covid-19 pandemic, a global health crisis that has led to over 6 million fatalities, is that
CNBC’s Jim Cramer told investors that they shouldn’t lose faith in the market’s ability to recover after Wednesday’s declines. “History is very clear: It says you must stay the course. The S&P 500’s already had a successful 50% retracement of its huge decline, and in the 21 times that’s happened since the Great Depression, it’s
A customer exits a Petco store in Clark, New Jersey. Ron Antonelli | Bloomberg | Getty Images Petco CEO Ron Coughlin on Wednesday said the specialty retailer has a key advantage in an uncertain environment: Americans spend on pets, even when their budgets tighten. At an investor day in New York City, he said the
CNBC’s Jim Cramer on Tuesday said corn and wheat prices could continue to rise due to Russia’s invasion of Ukraine, leaning on analysis from Carley Garner, senior commodity market strategist at DeCarley Trading. “The charts, as interpreted by Carley Garner, suggest that both wheat and corn prices are headed higher here. Maybe much higher. And
A shipment of SpaceX’s Starlink satellite antennas, also known as terminals, arriving in Ukraine. Fedorov Mykhailo on Twitter WASHINGTON – SpaceX has sent “thousands” of Starlink satellite internet kits to Ukraine, company President Gwynne Shotwell told CNBC on Tuesday. Elon Musk’s space company began sending Ukraine shipments of Starlink satellite kits – which come with
Smith Collection/Gado | Archive Photos | Getty Images LONDON — Britain’s Royal Mint plans to build a facility that will extract gold from electronic waste, with the plant set to be fully up and running in 2023. In a statement Monday, the government-owned company which manufactures precious metal products and coins said it would use
Loading chart… PPG Industries Inc: “I think PPG is down too much. I think it’s okay, but … This is a company that has been really hurt by raw costs. That’s going to end eventually. I think if you can handle disappointment at this point, I would buy the stock.” Loading chart… AppFolio Inc: “You’ve
Prototypes of SpaceX’s Starship rocket and Super Heavy booster stand at the company’s Starbase facility in Texas. Michael Sheetz | CNBC Elon Musk on Monday gave an update on the timeline for SpaceX’s first orbital launch of the company’s next-generation Starship rocket. “We’ll have 39 flightworthy engines built by next month, then another month to
In this article KSS The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s on Monday confirmed it has received multiple preliminary offers from parties interested in acquiring the department store chain. Kohl’s said in a press release the
In this article DIS Bob Iger, left, and Bob Chapek of Disney Charley Gallay | Getty Images; Patrick T. Fallon | Bloomberg | Getty Images April 12, 2020. That’s the day former Disney CEO Bob Iger’s relationship with his handpicked successor, current Disney CEO Bob Chapek, began to fall apart. Iger had stunned the world
Dr. Anthony Fauci, White House Chief Medical Advisor and Director of the NIAID, responds to questions from Sen. Rand Paul (R-KY) at a Senate Health, Education, Labor, and Pensions Committee hearing on Capitol Hill on January 11, 2022 in Washington, D.C. Getty Images U.S. health experts are warning an emerging, highly contagious Covid omicron variant,
In this article WEN MCD QSR-CA The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Two years ago, Wendy’s launched its breakfast menu nationwide, finally crossing the finish line for a goal it tried and
A car buyer may never see crash test dummies, but they are a crucial piece of what keeps pushing automotive safety forward. The latest crash test dummies are loaded with sensors and new tech, and they can cost $1 million. Major automakers and suppliers can have fleets of dozens of dummies. New dummies are also
In this article VOW3-DE VWA’-BE David Gray | Reuters Volkswagen recalled 246,000 Atlas and Atlas Cross Sport SUVs in the U.S. and Canada because of a wiring issue that could cause problems with the airbags, windows and brakes of the cars. Damage to the wiring of the cars could result in airbags deploying “later than
A driver uses a fast-charging station for electric in the cell phone lot at John F. Kennedy (JFK) airport on April 02, 2021 in New York City. Spencer Platt | Getty Images It has been true for years: Mile for mile, it’s cheaper — generally much cheaper — to recharge an electric vehicle than it
Loading chart… Hims & Hers Health Inc: “Hims & Hers lose money … I’m not recommending stocks that are losing a lot of money.” Loading chart… Two Harbors Investment Corp: “I’m not going there. We’ve seen a lot of companies like that. … I’m not playing.” Loading chart… Shell Midstream Partners LP: “[Enterprise Product Partners],
In this article GM A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank
Cyclists photographed in Lisbon, Portugal, in October 2018. Kamisoka | Istock Unreleased | Getty Images Speed limits on highways should be cut by at least 10 kilometers per hour (6.2 mph) to help lower oil demand, the International Energy Agency said Friday. The recommendation is part of a wider 10-point plan published by the Paris-based