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Strong earnings from Tesla, United Rentals helped lift market

CNBC’s Jim Cramer said that Thursday’s rally is thanks to a batch of strong company earnings. “I’ve said over and over again that during earnings season, what matters is companies and the CEOs with the smarts to direct them,” he said. Stocks rose on Thursday as investors digested the latest …

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Walmart-owned Sam’s Club plans to open new stores

Shoppers stock up on merchandise at a Sam’s Club store in Streamwood, Illinois.  Scott Olson | Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to …

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Toyota CEO and President Akio Toyoda to step down

Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images Toyota Motor Corporation’s President and Chief Executive Akio Toyoda will step down from his post on April 1, to be replaced by current Chief Branding Officer Koji Sato, the Japanese automaker said Thursday. Toyoda …

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I like Nucor over Cleveland-Cliffs

Organon & Co: “I do not understand why this stock sells at five times earnings.” Barrick Gold Corp: “I think the stock is breaking out here. … What the heck is that stock still doing under $20? I can’t make heads or tails of it.” Jim Cramer’s Guide to Investing …

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China’s Covid wave drives up consumer interest in health insurance

Chuiyangliu hospital, pictured in January 2023 in Beijing, in the last few years finished renovations that allowed for a six-fold increase in daily patents to 5,000 a day, according to official estimates. Yin Hon Chow | CNBC BEIJING — At the top of the shopping list for anyone in their …

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Jim Cramer reminds investors to maintain a diversified portfolio

CNBC’s Jim Cramer on Wednesday told investors that diversification remains key to keeping a successful portfolio. “I can’t say a diversified portfolio is bulletproof. But I can say that it makes it easier to stay in the game when one particularly popular group gets put through the meat-grinder,” he said. …

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Biden restores protections for Alaska’s Tongass National Forest

Part of Tongass National Forest Urbanglimpses | Istock | Getty Images The Biden administration on Wednesday announced it’s reinstating restrictions on logging and road-building on about nine million acres of Alaska’s Tongass National Forest, the world’s largest intact temperate rainforest. The rule, which was finalized by the U.S. Department of …

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AT&T subscriber growth tops analyst expectations, stock jumps

A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC AT&T shares jumped on Wednesday after the carrier reported fourth-quarter subscriber growth that exceeded Wall Street’s estimates, shrugging off its rivals’ lower pricing strategies. The U.S. phone service provider added 217 million total subscribers …

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Southwest CEO maps out a recovery after holiday meltdown

Passengers lined up by the Southwest Airlines counter at San Francisco International Airport (SFO) in San Francisco, California, United States on December 26, 2022 as Southwest cancels more than 2,800 U.S. flights on Monday amid fierce winter storms. Tayfun Coskun | Anadolu Agency | Getty Images Southwest CEO Bob Jordan’s …

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GenBioPro sues West Virginia, argues FDA pre-empts state ban

The abortion pill manufacturer GenBioPro on Wednesday sued to overturn West Virginia’s ban on abortion because it restricts access to a medication approved by the Food and Drug Administration. The lawsuit, filed in federal court in West Virginia’s southern district, argues that FDA regulations on medications such as the abortion …

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