Bitcoin has fallen double digits over the last week amid a slew of bad news, and one strategist said this loss of momentum could prove negative for the cryptocurrency in the near term. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC’s “Trading Nation” that […]
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Yogurt is cool, so deal talk is heating up
As Big Food continues to be starved for growth, deal activity is heating up in the yogurt section. The $7.6 billion yogurt category has been a rapidly evolving segment of the food industry for the past several years. Consumers continue to look to high-protein alternatives to their morning cereal, and […]
Cramer gets bullish on casino stocks like Wynn Resorts as Macau prospects improve
In February of 2016, CNBC’s Jim Cramer started recommending the stock of Wynn Resorts, which was then trading at about $79 a share. Since then, Wynn’s share price has nearly doubled — making it one of S&P 500’s best-performing stocks for 2017 — so Cramer thought it was worth revisiting […]
Walmart’s timing is ‘ridiculous,’ ‘there’s no strategy here,’ says brand analyst
What was Walmart thinking? The big-box retailer announced Thursday it was hiking pay and handing out one-time bonuses, which was applauded by many, including Treasury Secretary Steven Mnuchin. A few hours later, Walmart abruptly announced it was closing 63 of its Sam’s Club stores. “The timing is ridiculous,” branding analyst […]
Cramer’s game plan: JP Morgan set the benchmark. Now watch the banks
After hours of marveling at the tape’s incessant march higher, CNBC’s Jim Cramer took a step back to check the market layout. “What’s driving it? … Same as always: [a] stock shortage — it’s really been acute in the industrials — 401(k) money being thrown at the market, animal spirits, […]
Earnings will be the next test for the seemingly unstoppable $30 trillion stock market
Earning season presents the next hurdle for stocks, and Wall Street’s bull market is expected to leap right over it, with some help from tax reform. With little economic data expected in the coming week, earnings could be the main event for markets with many large financial institutions – such […]
For $16,000 this robot will fold your laundry, but not your socks
This week at CES, Japanese company Seven Dreamers demoed its laundry-folding robot, Laudroid. The machine was set up in a mock living room and is about the size of a very tall dresser. Clothing dropped in the bottom drawer is picked up by two robotic arms and unfolded so that […]
Walmart is reportedly planning to cut over 1,000 corporate jobs
Walmart is planning to cut over 1,000 corporate jobs, the Wall Street Journal reported Friday citing sources. The layoffs, expected to be completed by Jan. 31, 2019, will focus largely on employees in its corporate headquarters, the report said. Walmart, the country’s largest private employer, has 1.5 million workers in […]
Why a better economy won’t stop the opioid epidemic
There’s a common story told in the media about the opioid epidemic: In this telling, it’s not a coincidence that many of the communities that have been hit hard by the drug overdose crisis happen to be Rust Belt and Appalachian towns that have seen jobs leave over the past […]
Trump’s medical exam ‘went exceptionally well,’ doctor says
President Donald Trump on Friday received his annual medical checkup, his first ever while serving as commander in chief. The doctor in charge of the exam said it “went exceptionally well,” although he did not divulge any further details. Trump’s checkup, conducted by Walter Reed National Military Medical Center, did […]