Most people want to forget this part of the 1970s. But inflation is back, and investor Peter Boockvar predicts it will be the most widespread in decades. “Monetary policy … is right now impotent in its ability to stimulate economic activity,” the Bleakley Advisory Group chief investment officer told CNBC’s […]
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Cramer says he’s ‘not against’ GameStop, AMC at current trading levels
CNBC’s Jim Cramer said Wednesday that shares of GameStop and AMC Entertainment are within buying range, but cautioned investors who got in on the stocks lower to protect profits from a big run. “I’m not against [buying] GameStop or AMC at these levels. GameStop’s currently below where I told you […]
GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares
SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers. Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images GameStop‘s […]
Hot inflation may have become scorching in May and is expected to hit a 28-year high
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according to Dow Jones. That’s the fastest annual pace in 28 […]
Stock futures open higher as investors await key inflation report
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening as investors eyed a key inflation report due out Thursday. Dow […]
Crowdstrike CEO on the evolution of ransomware: ‘It’s become big game hunting’
Crowdstrike CEO George Kurtz said Wednesday the cybersecurity firm has had to combat tougher challenges as adversarial hackers advance from simple online phishing scams to sophisticated ransomware attacks on large enterprises. “Now the adversaries are taking a page out of nation-state actors,” he told CNBC’s Jim Cramer. “It’s become big […]
Attorney General Garland vows billionaire tax leak to ProPublica will be ‘top of my list’ to investigate
US Attorney General Merrick Garland testifies before at a hearing of the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on the 2022 proposed budget for the Justice Department, on June 9, 2021, in Washington, DC. Susan Walsh | AFP | Getty Images Attorney General Merrick Garland told […]
Emma Coronel, wife of drug lord El Chapo, will plead guilty to helping him run Mexican Sinaloa cartel
Emma Coronel Aispuro, wife of Joaquin ‘El Chapo’ Guzman, arrives at the U.S. District Court for the Eastern District of New York, February 4, 2019 in the Brooklyn borough of New York City. Drew Angerer | Getty Images The wife of notorious drug lord Joaquin “El Chapo” Guzman has agreed […]
U.S. is in discussions with Moderna on buying Covid vaccine doses for other nations
A medical worker from Parrish Medical Center holds a vial of the Moderna COVID-19 vaccine at a drive through vaccination clinic for employees of Port Canaveral, workers at local hotels and restaurants, and residents of the Port Canaveral community. Paul Hennessy | LightRocket | Getty Images The U.S. government is […]
Clean Energy Fuels stock soars more than 30% as retail traders pick new targets
Clean Energy Source: Clean Energy A new day means new targets for the retail trading crowd. Shares of Clean Energy Fuels surged 31.5% to close at $13.02 on Wednesday, coinciding with mentions of the company jumping on internet chat boards. More than 129.3 million shares of Clean Energy Fuels changed […]