Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes there’s little tolerance for […]
CNBC News
Copper could skyrocket over 75% to record highs by 2025 — brace for deficits, analysts say
A worker tying copper wire rods before loading them onto a truck in Huai’an, Jiangsu Province of China. Vcg | Visual China Group | Getty Images Copper prices are set to soar more than 75% over the next two years amid mining supply disruptions and higher demand for the metal, […]
Jim Cramer examines the Dow’s best and worst performers of 2023
CNBC’s Jim Cramer on Tuesday broke down the five best and worst performers on the Dow Jones Industrial Average during 2023. Cramer compared each Dow company’s closing price in 2022 to the end of 2023, noting the most significant winners and losers. Many tech-related stocks saw significant full-year gains, while […]
Cramer makes market predictions for 2024, says investors may be rotating out of tech
CNBC’s Jim Cramer on Tuesday shared his market predictions for 2024, but also warned that the first days of the new year often don’t say much about the future. He suggested that Wall Street may now be seeing a “sector rotation“ as some investors doubt that the Magnificent Seven tech […]
The 2024 box office is a franchise frenzy — at a time when audiences are feeling IP fatigue
Timothee Chalamet stars in Warner Bros.’ “Dune.” Warner Bros. Mean girls, Spider-Women and sandworms will headline the 2024 box office — and they’ll have to do some heavy lifting. The March 1 release of “Dune: Part Two,” the delayed and much-anticipated follow-up to Denis Villeneuve’s 2021 science fiction epic is […]
Maersk’s Red Sea shipping pause highlights challenges for U.S.-led efforts to protect trade
A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images) Anadolu | Getty Images The threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels […]
Apple shares fall 4% after Barclays downgrade
Apple shares slipped 4% on Tuesday, after Barclays downgraded the stock to underweight and slightly trimmed its price target from $161 to $160. Barclays analyst Tim Long wrote in a note to clients Tuesday that the iPhone 15’s current “lackluster” sales, specifically in China, presaged similarly weak iPhone 16 sales […]
Bitcoin tops $45,000 for the first time since April 2022 as crypto jumps to kick off new year
Dado Ruvic | Reuters Bitcoin surged to start 2024, topping $45,000 for the first time since April 2022 amid an uptick in geopolitical tensions in the Red Sea and growing optimism around a potential bitcoin exchange-traded fund approval. The world’s largest cryptocurrency hit an intraday high of $45,913.30 early Tuesday […]
Harvard University President Claudine Gay resigns amid plagiarism claims
Claudine Gay speaks during the 368th Commencement Exercises at Harvard University in Cambridge, Massachusetts, on May 30, 2019. Brian Snyder | Reuters Harvard University President Claudine Gay resigned Tuesday amid new allegations of plagiarism, becoming the second Ivy League leader to step down after controversy over their congressional testimony last […]
No Labels’ third-party ticket could fall apart if candidates are not ‘top-tier,’ Joe Lieberman says
Former Sen. Joe Lieberman poses for a portrait in Beijing, Oct. 15, 2023. Gilles Sabrié| The Washington Post | Getty Images No Labels founder Joe Lieberman is open to scrapping his bipartisan, third-party presidential ticket if the nonprofit political group cannot nail down the right candidates within the next few […]