The Dow closed above the 22,000 level and the dollar dropped to its lowest levels in more than two-and-a-half years against the euro ahead of Asia’s Thursday market open. The Dow Jones industrial average rose 0.24 percent to close at a record 22,016.24, breaching the 22,000 level just 107 trading days after the index cleared […]
Read morePresident Donald Trump is expected to make a speech and sign a memorandum at the White House on Friday that will target China’s intellectual property and trade practices, senior White House officials told CNBC. Three top Democratic senators, in a rare show of bipartisanship, on Wednesday urged the president to stand up to Beijing. Senate […]
Read moreTesla is not considering raising more equity at this point, CEO Elon Musk said Wednesday “We are not at this point considering an equity raise, we are thinking about debt,” Musk said on the company’s second-quarter earnings call. “But we are not thinking about an equity raise.” Some analysts have expected Tesla to return to […]
Read moreJim Cramer hates days like Wednesday when the stock market seems to reel at ostensible milestones like the Dow Jones average crossing above 22,000. The “Mad Money” host said that action like that will likely draw more erroneous comparisons to the dotcom bubble of 2000, which he maintained is far from what we are seeing […]
Read moreThe Dow jumped across the 22,000 marker for the first time Wednesday, and a wave of earnings news Thursday could keep it going. The Dow crossed 22,000 107 trading days after it crossed 21,000, on March 1. Since then, Boeing has contributed more than 370 points of its gain; McDonald’s 180 points and UnitedHealth, 170 […]
Read moreIt might not seem like Royal Caribbean, AMC Entertainment, General Motors and Apple have much to do with each other, but Jim Cramer begs to differ. “In fact, though, they have everything to do with each other,” the “Mad Money” host said. “They’re all about the revolution in how the consumer spends his time, but […]
Read moreWith everybody’s noses tucked into their smartphones, Groupon CEO Rich Williams said that even his discount-centered online marketplace is rapidly shifting to mobile. “The transition to mobile for our business has been profound, and now we’re close to two-thirds mobile in terms of transactions,” Williams told “Mad Money” host Jim Cramer on Wednesday. After delivering […]
Read moreJim Cramer hates days like Wednesday when the stock market seems to reel at ostensible milestones like the Dow Jones average crossing above 22,000. “I found the celebration particularly disturbing because the last thousand Dow points were really the work of a handful of stocks — actually, just four of them: Boeing, McDonald’s, UnitedHealth and […]
Read moreStanford is paying up to $160,000 for students to get their MBA—if they agree to work in the Midwest
Silicon Valley’s most elite university is trying to support to the heartland. Wednesday, Stanford University announced the three winners of its first Stanford USA MBA Fellowship. The scholarship, which was announced in the fall, pays the $160,000 for tuition and fees for up to three students over two years. Stanford already has similarly structured programs […]
Read moreThe Chicago Board Options Exchange, the largest U.S. options exchange, is planning to launch its own bitcoin derivatives trading products by early next year. Pending review from the U.S. Commodity Futures Trading Commission, the CBOE Futures Exchange plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, […]
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