Stay away from this company poised to go public next week, Jim Cramer warns

CNBC’s Jim Cramer on Friday told investors to stay away from Ivanhoe Electric, a mining technology company that is expected to sell its shares in an initial public offering next week. “Even if … Ivanhoe Electric gets out the door next week, I think you should avoid it. This is not the time to bet … Read more

Nasdaq adds 1% as bond yields slip, Wall Street considers recession risk

The Nasdaq Composite added 1% as bond yields slipped, and Wall Street continued to weigh recession risks. The Dow Jones Industrial Average rose 37 points, or 0.1%. The S&P 500 gained 0.4%. The tech-heavy Nasdaq outpaced the other averages as market participants continued to mull over the likelihood of an economic downturn, and as the … Read more

Mark Zuckerberg envisions 1 billion people in the metaverse

Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the metaverse could be a considerable part of the social network operator’s business in the second half of the decade. “We hope to basically get to around a billion people in the metaverse doing hundreds of dollars of commerce, each buying digital goods, … Read more

Stock futures fall after markets claw back some losses

US stock index futures fell overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average slipped 185 points or 0.61%, while S&P 500 futures declined 0.63%. Nasdaq 100 futures dipped 0.63%. During regular trading Tuesday, … Read more

China real estate troubles sent debt indicator to record high

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China. CPHOTO | Future Publishing | Getty Images … Read more

These 3 bank stocks can ‘make fortunes’ from higher rates

CNBC’s Jim Cramer on Thursday said that investors who believe the Federal Reserve can pull off a soft landing should have bank stocks on their shopping list. “If you think we’re headed for a full-blown recession, it’s right to avoid the bank stocks. But if you’re like me and you think the Fed can actually … Read more

Stock futures rise after Fed raises rates by most since 1994

US stock index futures jumped during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.58% or around 170 points. S&P 500 futures were up 0.74%, while Nasdaq 100 futures advanced 0.77%. The major averages ended Wednesday’s session … Read more

Stock futures rise as investors brace for a big Fed rate hike

Stock futures rose in early morning trading on Wednesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average were up 170 points, or 0.6%. S&P 500 futures edged up 0.7% and Nasdaq 100 futures jumped 0.8%. The S&P 500 suffered a five-day losing streak … Read more

Luxury brands say China’s latest Covid wave whacked consumer demand

China’s retail sales plunged 11.1% in April from a year ago as Covid controls kept many people at home and malls closed. Pictured here is a luxury store in Shanghai on June 4, 2022, just a few days after the city officially began to reopen. Hugo Hu | Getty ImagesNews | Getty Images BEIJING — … Read more

Bitcoin plunge spells trouble for Michael Saylor’s MicroStrategy

Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part of an unorthodox treasury management strategy. Eva Marie Uzcategui | Bloomberg | Getty Images Having once lost $6 billion at the height of the dotcom bubble, … Read more