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Monthly Archives: December 2022

Tesla, Warner Bros. Discovery, Lennar and more

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla fell 1.2% in premarket trading after an SEC filing showed that Elon Musk sold another $3.6 billion in shares. The stock is down 55% year to date through Wednesday. Warner Bros. Discovery (WBD) – Warner Bros. Discovery …

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Bank of England hikes key rate by 50 basis points, will continue to respond ‘forcefully’ if needed

The Bank of England hiked its benchmark interest rate by an historic 75 basis points in November — its largest increase since 1989. Toby Melville | Afp | Getty Images LONDON — The Bank of England on Thursday hiked its main interest rate by 50 basis points and signaled that …

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Bitcoin price drops after touching $18,000 Fed interest rate decision

Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital. Nicolas Economou | Nurphoto | Getty Images Bitcoin fell on Thursday after the U.S. Federal Reserve indicated further interest rate hikes ahead …

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China reopening brings both risks and opportunities: ADB

China’s reopening could bring opportunities as well as risks to its economy, Albert Park, chief economist at the Asian Development Bank told CNBC.  Although the lifting of Covid restrictions in China would boost growth prospects for the country and other economies, it could also lead to an increase in Covid-19 …

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Recession fears could trigger a ‘lipstick’ effect on deal activity next year

In one of the biggest media mergers in history, AOL acquired Time Warner for $182 billion in 2000 to form $350 billion mega-corporation, AOL Time Warner Erik Freeland | Corbis Historical | Getty Images The volume and size of mergers and acquisitions saw a significant decrease this year as macro …

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Who had it good — and who had it bad — in 2022

Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory …

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Ex-FTX exec Salame alerted Bahamas regulators to SBF potential fraud

FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022.  Mario Duncanson | AFP | Getty Images Days before FTX’s bankruptcy filing last month, co-CEO Ryan Salame told Bahamian authorities that founder Sam Bankman-Fried may …

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I wouldn’t buy World Wrestling Entertainment at this level

Cleveland-Cliffs Inc: “I think the numbers may be too high in Cliffs. The numbers may be too low in Nucor.” Disclaimer: Cramer’s Charitable Trust owns shares of Danaher. 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 …

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Jim Cramer says he likes these 5 consumer staple stocks in 2023

CNBC’s Jim Cramer on Wednesday recommended a slate of consumer staple stocks for 2023. “I’m not entirely convinced that we’re headed for a recession next year, but we’re definitely looking [at] a meaningful slowdown, and that’s terrific for the consumer staples,” he said. The Fed raised interest rates by 50 …

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Trump hits 7-year low in new national poll as Biden approval climbs

President Donald Trump listens during a cabinet meeting at the White House in Washington, July 16, 2019. Leah Millis | Reuters About a month after launching his 2024 presidential campaign, former President Donald Trump’s standing with voters has hit its lowest point in over seven years, according to a Quinnipiac …

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