In this article BABA 9618-HK BIDU CNBC’s Jim Cramer said Wednesday he can’t recommend investors buy Chinese stocks because the communist government there is a “total wild card.” Chinese President Xi Jinping “does not like capitalism,” Cramer told “Squawk Box,” saying the leader of the world’s second-largest economy “may be the first totalitarian dictator in
Warren-Pender | iStock Editorial | Getty Images Yes, you have another chance to win a ton of money in Powerball. No, you probably won’t win. The jackpot jumped to $630 million from $610 million ahead of Wednesday night’s drawing due to strong ticket sales. The amount — which has been growing for three months —
China’s property developers could come under greater scrutiny for flouting environmental laws, as Beijing steps up efforts to reinforce rules, according to one portfolio manager. The latest move by Chinese authorities to order indebted property developer China Evergrande to demolish 39 buildings of its Ocean Flower Island project came as a surprise to many, said Teresa Kong,
Americans were on the move in 2021, and they chose low-tax states over high-tax ones. That’s the finding of recent U.S. Census Bureau population data, along with commercial datasets released this week by U-Haul and United Van Lines. Nationally, the U.S. population only grew by 0.1 percent between July 2020 and July 2021, the lowest
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Conventional investing wisdom says that the older you get, the less of your financial assets should be in the stock market. One frequently heard justification is that stocks rise reliably in the long run but can fluctuate a lot in the short run and that if you’re old, you don’t have time to recover from
While skeptics abound, my thesis about the F-150 Lightning turning heads is playing out. Pardon my spacy-ness in the video as I have a wicked case of Covid kicking my butt! Here’s the article version for more clarity: https://www.zacks.com/stock/news/1848038/ford-lightning-plays-catch-me-if-you-can 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
Three months after the sudden passing of long-time CEO Brian Goldner, Hasbro has named its new chief executive. Chris Cocks, who served as president and chief operating officer of the company’s Wizards of the Coast and digital gaming division, has been promoted to the top leadership position. He will take over the post from interim
In this article PJC DJCO Jeenah Moon | Getty Images News | Getty Images Check out the companies making headlines in midday trading Wednesday: Salesforce, Adobe — The software stocks fell more than 4% each after UBS downgraded both companies to neutral from buy. UBS said that enterprise tech spending was pulled forward by the
Billionaire investor Ray Dalio has been outspoken about the value of self-awareness for years. But on a December episode of the “Lex Fridman Podcast,” when asked what advice he had for young people, Dalio clarified a group’s talents are more fruitful when its members know each other’s strengths and weaknesses, and how to “work well
CNBC’s Jim Cramer on Wednesday rolled out his four of his top stock picks for 2022, a year he believes will be led by companies that are profitable and make “tangible” goods. Appearing on CNBC’s “Halftime Report,” here’s what the “Mad Money” host had to say about his selections of Chevron, Eli Lilly, Honeywell and
Westend61 If you’re eager to save more, you may consider maxing out 2022 individual retirement account contributions early rather than waiting until the tax-filing deadline in 2023. But there are mixed opinions about lump-sum investing versus spreading out deposits at set intervals, known as dollar-cost averaging. The IRA contribution limits for 2022 are the lesser
New Yorkers queued for Covid-19 testing in Times Square on Dec. 26, 2021, as the omicron variant continued to spread. Andrew Kelly | Reuters Omicron is wreaking more disruption on the American economy. That could prompt Washington lawmakers to revisit relief strategies from earlier in the Covid-19 pandemic. Conversations on Capitol Hill have turned to
FG Trade | E+ | Getty Images Even as the coronavirus continues to upend American life, most pandemic-era relief measures have dried up by now. The recent shelving of the Build Back Better Act, the massive spending bill with a number of provisions to lift up middle-class families, means the chances for new relief is
Key Findings The post-pandemic economy will be characterized by greater mobility and new ways of living and doing business. States must take this opportunity to modernize their tax codes to reflect economic changes and to improve their competitive posture. Because the reality is that businesses that find their upward mobility constrained have more opportunities than
In this article VOW3-DE TSLA DAI-DE Fred De Noyelle /GODONG | The Image Bank Unreleased | Getty Images Daimler has released details of a concept electric vehicle which uses solar technology and bio-based materials, with the German automotive giant saying it has a range of over 1,000 kilometers (around 621 miles) on one charge. The
“Shark Tank” investor Kevin O’Leary is a big believer in non-fungible tokens — he even thinks they have a shot at becoming bigger than bitcoin. O’Leary, the chairman of O’Shares Investment Advisers, said his belief in NFTs stems from the idea that can they prove ownership of real-world items, such as designer watches or flash
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images After a record-breaking year for cryptocurrency in 2021, many investors may soon face a hefty tax bill for
Like many community playhouses around the country, the Studio Theatre shuttered its doors in March 2020 for coronavirus pandemic and did not fully reopen for more than a year. The sales the Little Rock, Arkansas, theater collected from streaming events online or holding outdoor performances did little to cover the debts that began to pile
Jb Reed | Bloomberg | Getty Images The economic damage from the omicron variant of the coronavirus is now expected to be less than initially thought, and that has interest rates back on their upward trajectory yet again. As a result, mortgage demand fell 2.7% to end 2021, compared with two weeks before, according to