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Monthly Archives: September 2022

12 stocks that underscore the carnage in the IPO market

CNBC’s Jim Cramer on Tuesday highlighted his list of “dirty dozen” companies that exemplify the losses incurred by investors who funneled their cash into initial public offerings and other risky stocks. “Some of the most egregious offenders were the dirty dozen that hit you with repeated unsportsmanlike conduct … and …

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Stock market losses wipe out $9 trillion from Americans’ wealth

Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the …

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Jim Cramer says these 5 high-yielding stocks have his stamp of approval

CNBC’s Jim Cramer on Tuesday offered investors a list of five high-yielding stocks they should have on their shopping lists. Here is his list: Ford KeyCorp Federal Realty Devon Energy ONEOK The two-year Treasury has surged as of late to around 4.3%, which is a sign that the Federal Reserve …

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Walt Disney World, Universal to close Florida parks

Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images As Hurricane Ian nears the west coast of Florida, the Walt Disney Company and Comcast’s Universal Studios are preparing to close their Orlando-based theme parks for at least two days. Disney announced Tuesday that Animal Kingdom, …

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Amazon closes some warehouses in Florida as Hurricane Ian approaches

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is temporarily closing warehouses in parts of Florida as Hurricane Ian churns toward the state. The company on Tuesday …

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Cities where homebuyers are backing out of contracts

Amid rising mortgage costs, the number of homebuyers backing out of contracts increased to record-setting levels in the last three months — especially in cities that were real estate hotspots through 2021, new data finds. In August, roughly 15.2% of home purchase agreements in the U.S. fell through, after hovering …

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Medicare standard Part B premiums will drop by 3% to $164.90 next year

bymuratdeniz | E+ | Getty Images The 2023 monthly premium for Medicare’s outpatient care coverage will be about 3% lower than it is this year, the government announced Tuesday. The standard monthly premium for Part B will be $164.90 next year, down $5.20 from $170.10 in 2022, according to the …

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NASA’s Artemis 1 moon mission likely delayed to November

NASA’s giant Artemis 1 moon rocket is rolled back to the Vehicle Assembly Building off its lauchpad, after postponing the much-anticipated mission a third time due to the arrival of Hurricane Ian and other technical problems, in Cape Canaveral, Florida, U.S. September 27, 2022.  Michael Weekes Jr | Reuters NASA’s …

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Intel says Moore’s Law is still alive. Nvidia says it’s ended.

Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. 2022. Adam Galica | CNBC Two of the most important American semiconductor companies disagree about the pace of chip advancements and whether Moore’s Law still applies. Intel CEO Pat Gelsinger said on Tuesday at a company launch …

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Why some have yet to access funds from expanded child tax credit

wera Rodsawang | Moment | Getty Images Child poverty fell dramatically in 2021, thanks to an expansion put in place last year that sent monthly payments of up to $300 per child to millions of eligible families. Yet many individuals and families eligible for the child tax credit, as well …

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