Commodities gained on the back of better-than-expected China producer prices and the dollar firmed ahead of Asia’s Tuesday trading day. Copper prices surged overnight after China’s producer price index for September beat expectations in its Monday reveal. That metal cracked the $7,000 per ton level, reaching heights not seen since 2014. Copper last traded at […]
Read moreWherever CNBC’s Jim Cramer looks, the most pervasive trait in the stock market’s best performers is the cloud. “If you were going to dream up the ideal stock for this particular environment, you’d want it to be an artificial-intelligence-based cloud company that can help further e-commerce, particularly in payments, while delivering a product the last […]
Read moreCNBC’s Jim Cramer often sees the stock market as a fashion show in which stocks fall in and out of style depending on investors’ sentiments at the time. Few stocks embody this back-and-forth better than General Motors, the automaker whose shares were effectively unloved from 2014 to this August, when the stock suddenly broke out. […]
Read moreWhile CNBC’s Jim Cramer hasn’t exactly been a bull about major legislation passing through Congress, he can’t deny that President Donald Trump’s administration has been good for stocks. “After eight years of democratic rule, businesses feel a lot more confident about an administration that wants to roll back every regulation in the book,” the “Mad […]
Read moreWhen it comes to investing, CNBC’s Jim Cramer maintains one key guideline: when the market gives you a chance to buy a high-quality stock, you must take advantage of it. “You literally have to take action right into the knee-jerk negativity to get the best buys, and that confuses a lot of people,” the “Mad […]
Read moreApple has considered an expansion into health care clinics, and had talks to buy a start-up called Crossover Health, which works with big employers to build and run on-site medical clinics, according to three sources familiar. Crossover Health is one of a small number of companies that specialize in working with self-insured employers to provide […]
Read moreFacebook says it has acquired tbh, a teen-focused messaging app that lets users create anonymous polls, for an undisclosed amount. The four founders of the app will join Facebook, the companies said. Facebook, via an email from a spokesperson, declined comment on the terms of the deal. Facebook has been using Instagram to go after […]
Read moreMicrosoft on Monday revealed the latest nominees for its board of directors: Penny Pritzker, the former U.S. Secretary of Commerce under President Obama, and Arne Sorenson, president and CEO of Marriott International. Pritzker and Sorenson, both 58, would be joining as activist investor Mason Morfit — who joined the board shortly after Satya Nadella became […]
Read moreNow with no clear winner in sight, markets see a tight horse race shaping up for the Fed chairmanship in a shifting field. A report that President Donald Trump was impressed by Stanford University economist John Taylor drove Treasury yields slightly higher Monday afternoon. Around the same time, another article said the president would interview […]
Read moreIn January, Cisco bought app monitoring software company AppDynamics for $3.7 billion, one day before it was expected to go public. Now, AppDynamics founder Jyoti Bansal is working on a new start-up called Harness.io, CNBC has learned. Bansal was AppDynamics’ CEO for almost eight years before being replaced by former Adobe executive David Wadhwani in […]
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