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5 things to know before the stock market opens Thursday, January 5

Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City.  Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Chewing things over U.S. stock markets …

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Cramer’s lighting round: Stay away from Blackline

Blackline Inc: “It’s enterprise software that’s losing money. Those are the ones I’m trying to get people to stay away from.” Piedmont Lithium Inc: “Much too dangerous. Way too speculative. We’re going to take a pass on that one.” Bloom Energy Corp: “They’re not working. They’re too expensive. I want …

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Jim Cramer predicts these 10 S&P 500 stocks will perform well in 2023

CNBC’s Jim Cramer on Wednesday offered investors a selection of stocks that he believes will do well this year. To come up with his picks, he examined the best- and worst performers in the S&P 500 from last year and chose five potential 2023 winners from each list. “One of …

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More tech layoffs are coming after Salesforce’s 10% cut

CNBC’s Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds. “There are so many tech companies with bloated payrolls that are still trying to grow rapidly, overpaying for new employees, and they fear that layoffs will mean that their …

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Where to keep your cash amid high inflation and rising interest rates

dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there have been signs of slowing inflation, the Federal Reserve is expecting higher interest rates to continue. “It looks like …

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Share of car buyers with monthly payments over $1,000 hits record high

Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. The average price paid for a new …

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Stellantis, Archer aim to deliver electric flying cars by 2025

Stellantis is leaning into its bet on a future that includes flying cars. The Chrysler maker is doubling down on its commitment to help Archer Aviation produce its first batch of electric flying vehicles by 2025, announced Stellantis CEO Carlos Tavares and Archer CEO Adam Goldstein in an interview on …

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General Motors (GM) sales Q4 2022

2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in its annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold 2.27 million vehicles in the …

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Rivian stock hits new 52-week low after missing 2022 production target

Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive hit a new 52-week low on Wednesday after the company missed its 25,000-unit production target for last year. The EV startup late Tuesday …

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5 things to know before the stock market opens Wednesday, January 4

Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023. Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Holiday hangover Stocks started the year with a …

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