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Jim Cramer says to parse the Dow for recession-resilient stocks

CNBC’s Jim Cramer on Thursday advised investors on where to look for stocks that can withstand a potential economic downturn. “The Dow Jones Industrial Average is filled with relatively cheap stocks because traders assume these 30 old-line companies are the most vulnerable to a recession. But that’s not true: That’s …

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U.S. at Covid pandemic crossroads as omicron subvariants emerge

Dr. Anthony Fauci, White House Chief Medical Advisor and Director of the NIAID, responds to questions from Sen. Rand Paul (R-KY) at a Senate Health, Education, Labor, and Pensions Committee hearing on Capitol Hill on January 11, 2022 in Washington, D.C. Greg Nash | Pool | Getty Images White House …

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Atlassian (TEAM) Q1 2023

Scott Farquhar, co-founder and co-CEO of the software company Atlassian, speaks during a jobs and skills summit at Parliament House on September 1, 2022 in Canberra, Australia. The Australian government is bringing together political, business, union and community group leaders at Parliament House to address issues facing the Australian economy …

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PayPal (PYPL) Q3 2022 earnings

The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images PayPal shares fell more than 5% in after-hours trading, despite beating earnings and revenue expectations for the third quarter, as the company’s Q4 revenue …

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Coinbase (COIN) earnings Q3 2022

In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Coinbase reported third-quarter revenue that missed analysts’ estimates on Thursday and the cryptocurrency exchange had a wider-than-expected loss. Here’s how the company did: Earnings: Loss of $2.43 …

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Bank of England raises rate by 75 basis points, biggest hike in 33 years

A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates by 75 basis points, its largest single hike since 1989, but struck a …

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Turkey’s inflation tops 85% as Erdogan continues to rule out interest rate hikes

Russians tourists to Europe decreased dramatically over the summer, but rose in several other destinations, including Turkey (here). Onur Dogman | Sopa Images | Lightrocket | Getty Images Inflation in Turkey rose for the 17th consecutive month in October, hitting 85.5% year-on-year as food and energy prices continued to climb, …

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British pound crisis is over but analysts see further weakness ahead

Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is on firmer footing since the appointment of new Prime Minister Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months. After falling to a record low against the dollar of …

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Companies look to diversify as China’s Covid controls take a toll

After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — China’s decision to maintain Covid controls is pushing companies to look to factories …

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Twitter owner Elon Musk sees pressure from civil rights leaders

Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. Hannibal Hanschke | Reuters Days after closing his $44 billion purchase of Twitter, Elon Musk faced pressure from heads of civil …

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