Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. U.S. stocks rose Monday, though they’re still having a rough August. Nvidia (NVDA), which has been slumping recently, jumped about 5.5% to start the week. Morgan Stanley reiterated Nvidia
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FTX Founder Sam Bankman-Fried leaves from Manhattan Federal Court after court appearance in New York, on June 15, 2023. Fatih Aktas | Anadolu Agency | Getty Images Sam Bankman-Fried’s legal team is asking a U.S. district court judge to grant the former FTX CEO “uninterrupted access” to his daily prescribed medication while he is in
In this article OIH SMH Follow your favorite stocksCREATE FREE ACCOUNT An oil pumpjack pulls oil from the Permian Basin oil field on March 14, 2022 in Odessa, Texas. Joe Raedle | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed
The U.S. government is deploying trillions of dollars of stimulus money into infrastructure investments, boosting the prospects for a number of industrials in the Club portfolio. On the back of Covid’s impact on the economy, President Joe Biden enacted a slew of domestic funding bills in a bid to help the nation recover from labor
Indicted FTX founder Sam Bankman-Fried leaves the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters A New York judge will decide in a few hours from now whether to send Sam Bankman-Fried to jail. Federal prosecutors have asked U.S. District Judge Lewis A. Kaplan to revoke the FTX founder’s bail
In this article SCHN Follow your favorite stocksCREATE FREE ACCOUNT Radius Recycling CEO Tamara Lundgren pictured at the CNBC CEO Summit in May 2023. Randy Shropshire | CNBC One of the first questions Tamara Lundgren often heard when she introduced herself as the CEO of Schnitzer Steel is, “What kind of steel do you make?'”
During another busy week of earnings and stock market swings, we picked our spots and made six trades, including calling up a Bullpen name. We also changed two Club price targets. Here’s a day-by-day look. Monday The week started with a small Caterpillar (CAT) sale after a huge run and an initiation of a new
FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023. Fatih Aktas/ | Anadolu Agency | Getty Images Sam Bankman-Fried will head to jail on Friday after a judge sided with a request by federal prosecutors to revoke the FTX founder’s bail over
We’re selling 200 shares of Halliburton (HAL) at roughly $40.64 each Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 1,400 shares of HAL, decreasing its weighting to 1.97% from 2.24%. Technology stocks and the so-called Magnificent Seven may get all the attention in the market, but you might be surprised to know that the
Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Dan Kitwood | Getty Images News | Getty Images Energy analysts believe the bullish momentum for European natural gas prices will persist over the coming months after
U.S. President Joe Biden delivers remarks on the economy at Arcosa, a wind tower manufacturing facility, in Belen, New Mexico, August 9, 2023. Jonathan Ernst | Reuters President Joe Biden visited a former Solo cup factory that has been renovated into a wind tower plant in Belen, New Mexico on Wednesday, where he hailed his
A ship navigates through the Panama Canal in the area near the Americas’ Bridge in Panama City on April 24, 2023. The scarcity of rainfall due has forced the Panama Canal to reduce the draft of ships passing through the interoceanic waterway, in the midst of a water supply crisis that threatens the future of
PayPal on Monday became the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD, making big promises of how it can move money between millions of crypto investors. The company is entering an extremely crowded market already dominated by stablecoins like tether and USDC, at
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stocks sink Eli Lilly surges Palo Alto slumps 1. Stocks sink U.S. stocks tumbled Tuesday after Moody’s downgraded the credit rating on a slew of small and mid-sized banks, sending
Oil and natural gas producer Coterra Energy (CTRA) delivered mixed results after the closing bell Monday, with second-quarter sales missing expectations and profit outpacing estimates. However, what hit shares in after-hours trading was a guidance miss at the core of why we own the stock in the first place. Revenue for the three months ended
A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. PAUL ELLIS | AFP | Getty Images Siemens Energy CEO Christian Bruch said Monday that the company needs to slow down its rollout of new products after booking 2.2 billion euros ($2.4 billion) in costs due
Saudi state oil giant Aramco reported 112.81 billion riyal ($30.07 billion) in net profit in the second quarter, in a sharp drop from the $48.4 billion recorded in the same period of last year amid a decline in hydrocarbon prices. Second-quarter profit nevertheless came slightly above analyst expectations near $29.8 billion. Analysts had expected second
Zoom In IconArrows pointing outwards ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel Sinagl PRAGUE — In 2007, a group of Czech guerrilla artists scaled a transmitter tower belonging to the country’s national television station and hacked into a live webcam of the Krkonoše mountain range typically used during the weather
Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the G20. Riyadh’s GDP expanded by an annual 1.1% in the second quarter, the Saudi
An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Global electric vehicle makers are tapping advanced technology to vie with each other and domestic brands in the intensively competitive Chinese market. China is the world’s largest EV market
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