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Monthly Archives: October 2022

Russian court will hear WNBA star Brittney Griner’s appeal on Tuesday

US’ Women’s National Basketball Association (NBA) basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of cannabis, stands inside a defendants’ cage before a court hearing in Khimki outside Moscow, on August 4, 2022.  Evgenia Novozhenina | AFP | Getty Images WASHINGTON …

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Investor fears about Xi’s new leadership team ‘may be misguided’

Li Qiang, likely to become the next premier, is pictured here speaking at a major annual financial conference in Shanghai in 2020. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese stocks’ plunge on Monday over fears about China’s new leadership team “may be misguided,” consulting firm Teneo said. Chinese …

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Why Beijing won’t bail out its real estate sector

Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China’s central government is not likely to spend billions …

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I can’t recommend Icahn Enterprises

Walgreens Boots Alliance Inc: “I think it may be time to pull the trigger.” Disclaimer: Cramer’s Charitable Trust owns shares of Morgan Stanley. Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.

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These 13 companies’ earnings helped drive markets higher

CNBC’s Jim Cramer on Monday offered investors a list of companies whose solid quarters he believes have helped the market rally recently. Here is his list: Bank of America Johnson & Johnson Goldman Sachs Lockheed Martin Netflix Procter & Gamble IBM Tesla AT&T Tractor Supply CSX SLB American Express “Earnings …

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Charts suggest the U.S. dollar could be peaking, Jim Cramer says

CNBC’s Jim Cramer on Monday said that the spiking U.S. dollar could peak soon. “The strong dollar has become an albatross around the neck of an already beaten-down market, but now the charts, at last, as interpreted by Carley Garner, suggest the dollar could be peaking,” he said. The value …

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55% of working Americans feel they are behind on retirement savings

Nicoletaionescu | Istock | Getty Images As it has become more difficult to stretch a dollar at the grocery store and gas pump, some Americans are pulling back on one key long-term goal: retirement savings. More than half of workers — 55% — said they feel they are behind on …

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Biden’s student debt forgiveness is on hold but you should still apply

Late last week, a federal appeals court officially halted President Biden’s student debt forgiveness.  The U.S. Court of Appeals for the 8th Circuit issued an administrative stay on debt discharges while it reviews a lawsuit filed by six Republican-leaning states. The plaintiffs argue the debt forgiveness would lead to a …

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FTC seeks to hold Drizly CEO accountable for alleged security failures

The Drizly application on a smartphone. Tiffany Hagler-Geard | Bloomberg | Getty Images In a new proposed settlement, the Federal Trade Commission is seeking to hold a tech CEO accountable to specific security standards, even if he moves to a new company. The agency announced Monday that its four commissioners …

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Chinese intelligence officers charged in Huawei prosecution obstruction

Photo of He and Wang respectively included in D.O.J. complaint. Courtesy: D.O.J. Two Chinese intelligence officers have been criminally charged with attempting to obstruct the prosecution of the Huawei global telecommunications company by trying to steal confidential information about the case, Attorney General Merrick Garland said Monday. Garland also announced …

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