CNBC’s Jim Cramer on Thursday said that while investors should tread carefully as the stock market continues to be stormy, they also shouldn’t be afraid to make moves to strengthen their portfolios. “We want to be very careful to buy stocks with stories that can handle a slowdown. … A good portfolio manager never sells […]
Jason Calacanis Adam Jeffrey | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to buy the social media company. “We are now collecting interest to invest in Twitter with […]
Stock futures dipped on Thursday evening as investors geared up for the S&P 500 to potentially slide into official bear market territory. Futures tied to the Dow Jones Industrial Average shed 68 points, or 0.2%. S&P 500 futures lost 0.2% and Nasdaq-100 futures fell 0.3%. On Wednesday, the S&P 500 and Dow bounced off their […]
After announcing a series of limited steps the Biden administration is taking to address the shortage, White House press secretary Jen Psaki on Thursday could not clearly answer queries from CNN’s MJ Lee about the federal government’s guidance for concerned parents who cannot find formula to feed their children . Asked what a parent who […]
It’s been a crushing few days for the Terra project, in a week that has been unforgiving for cryptocurrency as a whole. Over the past few days, the TerraUSD (UST) stablecoin, which is meant to maintain a dollar peg, uncoupled dramatically from the $1 mark and dropped to a low of less than 30 cents […]
Stocks fell slightly on Thursday, with the S&P 500 heading for its sixth consecutive weekly decline and inching closer to bear market territory. Trading was turbulent, and after a sharp rally the S&P 500 ended just 0.1 percent lower, after a drop of 1.7 percent on Wednesday. The Nasdaq composite was also volatile, but was […]
Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. Tom-Williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% […]
Celebrities began hawking crypto in earnest last fall as bitcoin was hitting record highs. But if you invested then, you’d be seeing losses over 50% right now. Cryptocurrencies plummeted for the second day Thursday after the collapse of a major stablecoin. loading Something is loading. If you’ve turned on your TV anytime in the past […]
Other meme stocks, including AMC (AMC), Bed Bath & Beyond (bbby) and Beyond Meat (BYND) also roared higher Thursday. AMC jumped nearly 10%, a much bigger gain than rival movie theater stocks cinemark (CNK) and IMAX (IMAX). Bed Bath & Beyond was up about 2%. Beyond Meat plunged 20% at the opening bell following weak […]
Remember when Matt Damon told you, “Fortune favors the brave”? Well, Twitter TWTR, -2.19% users do, and many of them are bringing up the viral Crypto.com ad, while prices for cryptocurrency like bitcoin BTCUSD, +1.26% and ether ETHUSD, -4.69% are slumping, and crypto exchange platforms like Coinbase COIN, +8.90% are losing billions in market cap. […]