Wall Street is preparing for a big week of earnings that will offer a better read of the apparent economic slowdown, CNBC’s Jim Cramer said Friday. During Friday’s session, the Dow Jones Industrial Average slid nearly 69 points. The S&P 500 and Nasdaq Composite also slipped 0.62% and 0.74%, respectively, …
Read More »Monthly Archives: July 2019
Trump 2020 campaign selling 10 plastic straws for $15
The Trump campaign is selling plastic Trump straws for $15 a pack. BRENDAN SMIALOWSKI | AFP | Getty Images There was the Jeb Bush guacamole bowl. Then, the “Grillary Clinton ” kitchen apron. Now, there’s Trump Straws. President Donald Trump’s reelection campaign is selling 10-packs of branded plastic straws for $15. …
Read More »Major gold bull markets are rare, but some investors are betting one is here
Gold has been on fire this year and some investors think the precious metal is poised to do something it has only done twice since World War II: enter a major bull market. The metal is trading above $1,400 per ounce for the first time since 2013 and is up …
Read More »FANG stocks have lost their characteristic mojo, but investors are sticking with them
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt. The so-called FANG block of tech giants — Facebook, Amazon, Netflix …
Read More »America’s Sports Car, the Corvette, almost didn’t survive the Great Recession
Vice President Joe Biden’s 1967 Corvette Singray CNBC Chevrolet’s official reveal of its eighth-generation Corvette in a splashy preview Thursday night near Los Angeles marks the culmination of a secret project that traces its roots back more than half a century. But that’s no surprise. Over the years, much of …
Read More »IBM earnings prove company paid the right price for Red Hat
CNBC’s Jim Cramer on Thursday broke down why IBM’s $34 billion price tag to buy Red Hat was worth the cost. Paying $190 a share for the open-source software, the October deal came at a 63% premium in part. Cramer argued that premium is understandable because IBM was not the …
Read More »Business groups slam House for passing $15 minimum wage bill
Andres Orellana cooks vegetables at Illegal Pete’s on the Pearl Street Mall in Boulder last December. Illegal Pete’s has announced that they will raise minimum wage to $15 per hour nationally. Jeremy Papasso | Digital First Media | Boulder Daily Camera | Getty Images The House of Representative’s decision to …
Read More »House passes Raise the Wage Act $15 per hour minimum wage bill
Speaker of the House Rep. Nancy Pelosi (D-CA) holds up seven-year-old Kassidy Durham of Durham, North Carolina, during a news conference prior to a vote on the Raise the Wage Act July 18, 2019 at the U.S. Capitol in Washington, DC. Alex Wong | Getty Images The House passed a …
Read More »What is a Rhino bond? Here’s all need to know
12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth. Paul Zinken | picture alliance | Getty Images Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and …
Read More »Why Netflix says it had a rare subscriber loss in Q2 2019
Netflix Co-founder, Chairman & CEO Reed Hastings attends a Q&A during a Transatlantic Forum in Lille, France. Sylvain Lefevre | Getty Images For the first time in eight years, Netflix reported a loss of paid domestic subscribers in its second quarter earnings release Wednesday. The company reported a loss of …
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