As stocks surged on Monday, CNBC’s Jim Cramer knew he had to explain what triggered the recovery after the prior week’s big declines. The Dow Jones industrial average, the S&P 500, the Nasdaq, and the Russell 2000 all ended Monday’s trading session in the green, each one seeing at least […]
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Open trade is ultimately in ‘everyone’s best interest,’ Johnson & Johnson CEO says
As trade tensions between the United States and China simmer, the chief executive of one of the world’s largest health-care companies said that open trade will ultimately be in everyone’s best interest. China is an important market for Johnson & Johnson with 1.4 billion people, a rising middle class, technological […]
Kansas girl at center of Brown vs. Board of Education segregation ruling dies
Linda Brown, the Kansas girl at the center of the 1954 U.S. Supreme Court ruling that struck down racial segregation in schools, has died at age 76. Topeka’s former Sumner School was all-white when her father, Oliver, tried to enroll the family. He became lead plaintiff in the 1954 Brown […]
Raymond James’ Jeff Saut sounds all clear for stocks after sharp bounce back
Trade war fears were overblown and stocks can now resume their upswing after retesting the February lows, says Raymond James chief investment strategist Jeff Saut. The correction is over, “unless you get hit with some exogenous news,” said Saut. “I think trade war is the wrong thing. I think there’s […]
After-hours buzz: RHT, ANAB & more
Check out the companies making headlines after the bell: Shares of Red Hat surged nearly 5 percent after hours after the open-source software company reported its fourth-quarter earnings. The company reported earnings per share and revenue that beat Wall Street expectations. Sales rose 23 percent year over year to $772 […]
White House tries to shift focus on Stormy Daniels story to Trump’s lawyer and 2016 campaign
With the legal battle between adult film star Stormy Daniels and President Donald Trump showing no signs of a quick resolution, the White House on Monday attempted to create some distance between the administration and two key parties in the Daniels controversy: The 2016 Trump campaign and the president’s personal […]
Traders are betting heavily against Tesla’s junk bonds
Investors are betting against Tesla’s bonds amid growing worries about the electric car maker’s ability to deliver on its production goals, given significant delays for the Model 3. “While equity short sellers continue to hang around, shorts in the most liquid TSLA bond have made a tidy profit so far […]
Energy stocks look attractive for first time in two years, Credit Suisse analysts say
Credit Suisse analysts say energy stocks have become attractive again for the first time in two years, based on strong earnings growth and improved valuations. “Extended valuations had resulted in Energy’s underperformance since mid-2016, despite a favorable cyclical backdrop, rising oil prices, and robust earnings growth. A combination of strong […]
Russian consulate closed by Trump is near a base with a nuclear arsenal – and is guarded by dolphins
Less than 30 miles from the Russian consulate in Seattle, closed by President Donald Trump on Monday, is what is believed to be the largest arsenal of nuclear weapons in the United States. And it is guarded by dolphins. Trump ordered the closure of the consulate as part of a […]
How to stop your phone from uploading your address book to Facebook
Whether you remember it or not, you may have once granted Facebook permission to store the contacts in your phone’s address book. If you did, Facebook is continuously uploading these contacts to its servers. You can find out if your phone is doing this, and stop it pretty easily. Here’s […]