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Monthly Archives: January 2023

BofA’s Rick Sherlund predicts software comeback

Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is to weather the upcoming earnings season first. “What we need to do is de-risk 2023 numbers,” the firm’s vice …

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Jim Cramer says market pain is needed to prevent endless price hikes

CNBC’s Jim Cramer on Thursday reminded investors that pain in the stock market is unfortunately necessary for the Federal Reserve to win against inflation. “Nobody wants to root for layoffs or lower stock prices. But the alternative is persistently high inflation — endless price increases for everything — and nobody …

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Delta plans to offer free Wi-Fi starting Feb. 1

Delta Air Lines will offer travelers free Wi-Fi starting Feb. 1, after years of studying the possibility. About 80% of Delta’s domestic fleet will offer the service next month, but it will become available on more each week, CEO Ed Bastian said during a presentation at the Consumer Electronics Show …

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Jim Cramer says he likes these 5 Nasdaq stocks for 2023

CNBC’s Jim Cramer on Thursday gave investors a list of stocks that he believes could be worthwhile additions to investors’ portfolios. All of his picks are listed in the Nasdaq Composite. While the index is heavy with tech stocks that were hammered last year, there are still names that could …

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You may get extra time to spend unused 2022 funds in your health FSA

Collectively, workers may have forfeited an estimated $1 billion in their health-care flexible spending accounts last year. Yet depending on your employer’s rules for those FSAs, which let workers save pre-tax money to pay for qualifying health expenses, you may have sidestepped being part of that cohort — at least …

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Ram previews new electric pickup to rival Ford, Rivian

Ram 1500 Revolution BEV electric concept truck Stellantis Ram Truck previewed its upcoming electric pickup Thursday at the CES technology show, as the automaker plans its entrance into the emerging segment next year to compete with Detroit rivals as well as Rivian and, potentially, Tesla. The Stellantis truck brand revealed …

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Here’s how much top tech jobs in California pay, according to job ads

Steve Proehl | Corbis Unreleased | Getty Images A new law that went into effect this week requires most California employers to disclose salaries on job listings. The law affects every company with more than 15 employees looking to fill a job that could be performed from the state of …

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What’s in store for the job market, hiring and quitting in 2023

2022 may have ended in a sea of overwhelmingly negative layoff news, but new data shows promise that the damage was minimal. It could be a sign the 2023 job market will launch on strong footing, economists say, even with fresh staffing cuts announced this week. In November, the same …

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Roku CEO explains why the company is launching its own line of TVs

Roku is counting on its growing consumer base beyond 70 million customers as it launches its own line of televisions, CEO Anthony Wood told CNBC on Thursday. The streaming company unveiled its new line of televisions, Roku Select and Roku Plus Series, Wednesday during the Consumer Electronics Show. Roku has …

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Delinquent student loans can reduce Social Security by $2,500 a year

A Social Security Administration office in San Francisco. Getty Images If you are delinquent on federal student loans and collect Social Security benefits, your monthly checks could be reduced. A pandemic pause has put all garnishments on hold for now. But when collections are in effect, the reduction in annual …

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