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Wednesday, Feb. 1, 2023: Cramer says consider buying these stocks today
Jim Cramer and Jeff Marks examine what Jim is calling a 'disturbing' U.S. ISM Manufacturing PMI report and why it may sound an alarm before Wednesday's FOMC decision. Jim shares why he's going to keep holding a Club stock despite a post-earnings surge. He also gives members a list of three stocks he says are good buys today.
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Charlie Munger says the U.S. should follow in China's footsteps and ban cryptocurrencies
Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done. "A cryptocurrency is not a currency, not a commodity, and not a security," the 99-year-old Munger said in an op-ed published in The Wall Street Journal Thursday. Munger and his business partner Warren...
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Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
The Nasdaq closed out its fifth straight weekly gain, the longest such streak since November 2021, the month the index peaked. Earnings reports from Alphabet, Amazon and Apple all disappointed, but investors are more focused on the cost-cutting efforts the companies are now implementing. The Nasdaq is up 15% to...
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Facebook-parent Meta announces $40 billion stock buyback
Meta Platforms increased its share purchase authorization by $40 billion. The social networking company has sought to rein in costs as revenue growth has slowed in recent quarters. In 2022 the social network operator bought back about $28 billion in stock, according to the statement. The company began buying back...
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Here’s how much money you’d have if you invested $1,000 into McDonald's 10 years ago
McDonald's customers are still "lovin' it" despite cutting back on restaurant spending due to inflation. For the fiscal fourth quarter, McDonald's reported earnings per share of $2.59 on $5.93 billion in revenue. That compares with earnings per share of $2.45 on $5.68 billion of revenue Wall Street expected, according to Refinitiv.
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Biden-McCarthy meeting yields no debt ceiling deal, but speaker says markets should be encouraged
House Speaker Kevin McCarthy said he had a "very good discussion" with President Joe Biden at the White House about the looming debt ceiling deadline and federal spending. The White House shared a similar sentiment, saying the pair had a "frank and straightforward dialogue." McCarthy said financial markets should be...
Shooting Down Chinese Spy Balloon a Lot Harder Than it Seems
High-altitude balloons are "inherently survivable" according to U.S. military research, and controlling a crash may be proving a key sticking point.
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The 10 best-paying jobs of 2023, according to new research—many pay over $200,000
Some U.S. workers are earning a lot more than the annual average salary of $54,132. The 25 highest-paid occupations all earned an average of six figures annually, each above $120,000 — and many of the top-paying jobs are in health care. Anesthesiologists, orthodontists and physicians are among the top-paid...
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Suspected Chinese spy balloon found over northern U.S.
The U.S. military has been monitoring a suspected Chinese surveillance balloon that has been hovering over the northern U.S. for the past few days, and military and defense leaders have discussed shooting it out of the sky, according to two U.S. officials and a senior defense official. "The United States...
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Thursday, Feb. 2, 2023: Cramer says don't sell this surging portfolio holding
Jim Cramer and Jeff Marks break down why they are not buying the notion the Federal Reserve is ready to ease their fight against inflation. Jim says now is not the time to sell one particular stock despite spiking after its earnings call and shares his outlook on three names in the Charitable Trust that are taking a hit after their recent reports. Jim also shares one stock he thinks you should buy right now.
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Jim Cramer's top 10 things to watch in the market Friday: Jobs way up, stocks down, tech tough
1. Blowout jobs report ... nonfarm payrolls 517,000 in January versus 187,000 estimate ... sends bond yields back up. Yields shouldn't have come down in the first place after this week's Fed quarter-point interest rate hike and post-meeting commentary. People who thought the Fed should be thinking about when to cut rates are crazy. Rates need to go higher until labor slows. The.
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FedEx is laying off 10% of its officers and directors amid cooling demand
FedEx is cutting 10% of its officers and directors. The corporate job cuts come as the shipping giant tries to reduce costs amid cooling consumer demand. Shares of FedEx were up in midday trading. is cutting more than 10% of its officers and directors, CEO Raj Subramaniam announced Wednesday, as...
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Kind Snacks founder Daniel Lubetzky made a $220 million mistake—it turned his startup into a $5 billion company
This story is part of CNBC Make It's The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown. The first time Daniel Lubetzky accepted significant investment money for Kind...
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China says suspected spy balloon over U.S. skies is a civilian airship
Chinese authorities said Friday that a suspected Beijing-operated spy balloon spotted hovering over sensitive U.S. airspace was in fact a civilian airship intended for scientific research. China's Foreign Ministry said in a statement that westerly wind had caused the airship to stray into U.S. territory, describing the incident as a...
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Stocks making the biggest moves after hours: Apple, Amazon, Ford and more
Here are the notable stocks making moves after hours on Thursday, Feb. 2. — The consumer tech stock tumbled 4% in extended trading after the company reported weaker-than-expected results for its fiscal first quarter. The company reported $1.88 in earnings per share on $117.15 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.94 in earnings per share and $121.10 billion of revenue. Sales were down 5% year over year.
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Friday, Feb. 3, 2023: Cramer holds unplanned show after surprising jobs report and earnings results
Jim Cramer held what he called an 'emergency Morning Meeting' to break down the January employment report after U.S. non-farm payrolls gained 517,000 jobs and to discuss a slew of earnings from companies in the Charitable Trust. There are several results Jim is displeased with and said he will exit one stock if its next quarterly results are also disappointing. In addition, Jim reiterated that there is one name he's urging Club members to buy aggressively if they do not own it already.
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Adani abandons $2.5 billion share sale in big blow to Indian tycoon
Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks. share offering marks a stunning setback for Adani, the school dropout-turned-billionaire whose fortunes...
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Sen. Kyrsten Sinema pulls in cash from Wall Street, real estate titans as she mulls reelection bid
Titans of the real estate and private equity industries, including from companies like Blackstone, are bankrolling Sen. Kyrsten Sinema as the Arizona lawmaker considers a reelection bid in 2024. The senator, who switched from being a Democrat to an independent in December, went into 2023 with $8.2 million on hand.
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Meta shares surge on better-than-expected revenue
CNBC's Julia Boorstin joins 'Closing Bell: Overtime' to report on Meta's earnings report. CNBC contributor Stephanie Link reacts to the earnings report.
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Apple telegraphed that things are getting better after a tough quarter — here's how to interpret its remarks
Apple hasn't provided guidance since the start of the pandemic. But its directional insights — or "color," as Apple CEO Tim Cook calls it — allow analysts covering the stock to get a sense of how the company is doing and update their models. Apple reported a tough...
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