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Monthly Archives: October 2022

Charts suggest the market has more upside through the end of the year, Jim Cramer says

CNBC’s Jim Cramer on Monday said that the market could see a rally later this year that lasts through the end of 2022. “The charts, as interpreted by Larry Williams, were able to call this incredible October rally. … And now he says that this market’s likely got even more …

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Riot Blockchain is not a buy

Palantir: “If it can get to $10, then I would skedaddle. I hate to recommend it all the way down here because it’s near the bottom.” Black Knight Inc: “The government is so fickle, I hesitate to recommend any arbitrage situation.” Match Group Inc: “At $43? Really? I’m not going …

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Elon Musk has pulled more than 50 Tesla employees into Twitter

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images New Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, into his Twitter takeover, CNBC has …

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Midterm elections spur uncertainty in markets

Voters file down the hall as early voting begins for the midterm elections at the Citizens Service Center in Columbus, Georgia, on Oct. 17, 2022. Cheney Orr | Reuters Investment advisers say it’s not wise to try to time the market, but it does make sense to periodically adjust your …

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How George Clooney and Julia Roberts spent their first big paychecks

George Clooney and Julia Roberts have been working in Hollywood for over three decades — but the stars of “Ticket to Paradise” and longtime friends can still recall the excitement of receiving their first paychecks like it was yesterday.  Roberts, 55, celebrated her first big payday by buying a boombox, …

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What an inverted yield curve means for the economy

Catherine Yeulet | Getty Images What the inverted yield curve means Generally, longer-term bonds pay more than bonds with shorter maturities. Since longer-maturity bonds are more vulnerable to price changes, investors expect a “premium,” explained Preston Caldwell, head of U.S. economics for Morningstar Research Services. “In normal times, the yield …

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What to do if you’re worried about tech exposure in your portfolio

marekuliasz | iStock | Getty Images Some big names suffered large stock losses last week as they reported earnings. Four companies — Google parent Alphabet, Amazon, Facebook parent Meta and Microsoft — collectively shed more than $350 billion from their market cap, the measure of the total value of all …

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TuSimple CEO fired over improper ties to Chinese firm Hydron

TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower longer-run inflation in the transport sector. Source: TuSimple Self-driving truck startup TuSimple has fired its CEO, Xiaodi Hou, after an internal investigation found improper dealings and possible tech transfer to a …

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Homebuilders say steeper downturn is coming as buyers pull back

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year …

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What a ‘mysterious disappearance’ insurance clause means

Lauren Bates | Moment | Getty Images If history is a guide, insurance claims for unexplained disappearances will jump this Halloween. Renters and homeowners insurance claims related to a “mysterious disappearance” increased by 5% on Halloween and 3% on Mischief Night, which is the night before Halloween, according to Travelers …

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