To combat fears of a trade war, put your money in bitcoin, said hedge-fund manager and bitcoin bull Brian Kelly. “[Bitcoin] is the new gold,” Kelly said Friday on CNBC’s “Fast Money.” “In this environment,” Kelly said of fears of a potential trade war, “I want to own those things […]
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This steel company says it’s giving a $1,000 bonus to employees — if the tariffs actually happen
Zekelman Industries, a Chicago-based steel pipe and tube manufacturer, announced yesterday that each of its employees would receive a $1,000 bonus after President Donald Trump‘s steel and aluminum tariffs go into effect. “We think there are great days ahead, and we wanted to share it with all of our people,” […]
Top VC deals: Amazon buys Ring, while Spotify and Dropbox prepare to go public
Here’s a round-up of the most important deals in venture capital from the past week. Amazon acquired Ring, a smart doorbell maker, in a deal that’s valued around $1 billion. Ring previously raised $209 million in venture funding from investors including Charles River Ventures, DFJ Growth Fund, Goldman Sachs Investment […]
Cramer Remix: We’ve already been in a trade war for ages
After the stock market took a tariff-related nosedive on Thursday before recovering slightly on Friday, CNBC’s Jim Cramer wanted to address how he reacted to the sell-off. “I’ve got to apologize to you: I forgot to panic last night,” the “Mad Money” host said. “I told you President Trump’s move […]
Cramer’s strategy session: Don’t bottom-fish in Walmart’s stock just yet
CNBC’s Jim Cramer was not a fan of Walmart’s latest earnings report, and he wasn’t shy about it in his “Voice of Cramerica” strategy session. “I’ve got to tell you, I’ve spent a lot of time going over that Walmart quarter and I didn’t like it. I didn’t like the […]
China’s alleged intellectual property theft a bigger threat to market than tariffs: Analyst
There’s a bigger threat to the market than President Donald Trump‘s new tariff proposal, strategist Jeffrey Schulze told CNBC on Friday. The president said Thursday he wants to impose a 10 percent tariff on aluminum and a 25 percent tariff on steel. “We have a much more important ruling that’s […]
Cramer parses the numbers behind Trump’s steel and aluminum tariffs
With much of the market riled up about what President Donald Trump’s steel and aluminum tariffs mean for U.S. industry, CNBC’s Jim Cramer wanted to take a more analytical approach. “I say let’s take a deep breath and look at some actual numbers,” the “Mad Money” host said on Friday. […]
Cramer’s game plan: Earnings tainted by Trump tariffs
After the stock market took a tariff-related nosedive on Thursday before recovering slightly on Friday, CNBC’s Jim Cramer wanted to address how he reacted to the sell-off. “I’ve got to apologize to you: I forgot to panic last night,” the “Mad Money” host said. “I told you President Trump’s move […]
Energy has best chance of bringing angry NAFTA nations back to their senses in a trade war
President Donald Trump’s tariffs on steel and aluminum raise new concerns about the U.S. commitment to NAFTA, but energy is one industry that could continue to bind North American commerce together regardless of trade deals. The energy interests of the U.S., Mexico and Canada are so integrated, it would be […]
Icahn sold one-third of his stake in crane maker Manitowoc last month
Investment entities controlled by billionaire Carl Icahn shed one-third of their stakes in crane maker Manitowoc from Feb. 12 through Feb. 22, according to an SEC filing last week. The entities sold nearly 940,000 Manitowoc shares at prices ranging from roughly $32 per share to $34 per share, the SEC […]