A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. Aly Song | Reuters GUANGZHOU, China — Shares of Tencent and NetEase plunged on Tuesday after Chinese state media branded online gaming “opium” and likened it to a drug. The […]
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Another shipping crisis strikes, threatening delays to Black Friday shopping
TOPSHOT – Aerial view shows an area completely destroyed by the floods in the Blessem district of Erftstadt, western Germany, on July 16, 2021. SEBASTIEN BOZON | AFP | Getty Images The 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays as the recent floods in […]
Two more police officers die by suicide after defending Capitol during riot by pro-Trump mob, tally now 4
Supporters of Donald Trump gather outside the Capitol building in Washington D.C., on January 06, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Two more Washington, D.C., police officers died by suicide in the months after defending the U.S. Capitol during the Jan. 6 riot by Trump supporters, bringing […]
GOP Sen. Lindsey Graham tests positive for Covid, more senators say they attended cookout on same Manchin boat
At least seven U.S. senators revealed Monday that they had attended a party with Sen. Lindsay Graham, who announced he had tested positive for Covid-19 on the heels of being a guest. The South Carolina Republican said in a tweet that he began having flu-like symptoms Saturday night and went […]
Bearish trend signals stocks are vulnerable to a 10% to 15% correction
The market appears to be doing something that happens ahead of corrections. When the S&P 500, Nasdaq and the CBOE Volatility Index rise together, BTIG’s Julian Emanuel warns it’s often a precursor to a 10% to 15% pullback. “Whenever we’ve seen that going back to the beginning of 2018, we […]
More Senators confirm they attended ‘cookout’ after GOP Sen. Lindsey Graham tests positive for Covid
At least seven U.S. senators revealed Monday that they had attended a party with Sen. Lindsay Graham, who announced he had tested positive for Covid-19 on the heels of being a guest. The South Carolina Republican said in a tweet that he began having flu-like symptoms Saturday night and went […]
American Airlines, Spirit Airlines passengers face hundreds of cancellations after storms
American Airlines airplanes stand at passenger gates at Dallas/Fort Worth International Airport (DFW) near Dallas, Texas. Patrick T. Fallon | Bloomberg | Getty Images American Airlines passengers faced hundreds of cancellations and delays on Monday, as the carrier struggled to recover from disruptions caused by severe thunderstorms that swept through […]
Chinese e-commerce giant JD.com has gaming ambitions. This is its strategy
JD.com’s booth at the China Joy gaming conference in Shanghai on July 30, 2021. The Chinese e-commerce giant is investing heavily in gaming. Arjun Kharpal | CNBC SHANGHAI — At China Joy, one of Asia’s biggest gaming conferences held in Shanghai, e-commerce giant JD.com built a booth featuring the giant […]
Cramer says it is the ‘height of irresponsibility’ to invest in Chinese stocks right now
CNBC’s Jim Cramer on Monday urged viewers to remain cautious on the stocks of Chinese companies, contending there’s too much regulatory risk to comfortably own shares. “I don’t know how much simpler I can make this. When an explicitly communist government forces for-profit companies to turn into nonprofits, it’s probably […]
Charts suggest S&P 500 may struggle in August while gold looks set to rally, Cramer says
Investors may be able to find positive returns in gold while the S&P 500 enters a historically challenging month, CNBC’s Jim Cramer said Monday. “The charts, as interpreted by the legendary Larry Williams, suggest that August could be a tough month for the S&P 500, but a terrific month for […]