U.S. stocks closed mixed on Thursday as investors digested the release of House Republicans’ tax-reform plan. President Donald Trump also nominated Jerome Powell, a Federal Reserve governor, to be the next head of the central bank. Trump announced Powell would become the chairman of the Federal Reserve when current Chair Janet Yellen steps down at […]
Read moreCNBC’s Jim Cramer knows that sentiment matters when stocks are constantly being driven higher by a raging bull market. But the “Mad Money” host also knows that sentiment is extremely difficult to measure. So Cramer has started asking people why they don’t like the market. So far, he’s been met with a cacophony of eye-opening […]
Read moreApple CEO Tim Cook said the company is working hard to meet the demand for its flagship iPhone X smartphone in an interview with CNBC’s Josh Lipton and Jim Cramer after the company’s earnings report on Thursday. What we can say, and you can see that from our quotes, is we were quickly backlogged, to […]
Read moreAfter negative reactions to Facebook’s and Tesla’s respective earnings reports on Wall Street, CNBC’s Jim Cramer made a somewhat contrarian call. “You know what? I think the stocks of these two companies could reverse and go higher after a couple of days of selling,” the “Mad Money” host said. “It has to do with the […]
Read moreCNBC’s Jim Cramer has been following the bull market in payment processing and the rise of digital transactions for a while, pounding the table on plays like Visa and PayPal. But there are more ways to play the global cash-to-credit shift besides credit card companies and payment processors, so Cramer decided to analyze Global Payments, […]
Read moreCNBC’s Jim Cramer knows that sentiment matters when stocks are constantly being driven higher by a raging bull market. But the “Mad Money” host also knows that sentiment is extremely difficult to measure. Financial newsletters, which often lean bullish or bearish, are falling out of style. Mutual fund data offers an empirical look, but can […]
Read moreFacebook is making more money than ever from user content. The company said in its quarterly report with the SEC on Thursday that it generated more than $5 per user for the first time. Average revenue per user, or ARPU, rose 26 percent from a year earlier to $5.07. Users in the U.S. and Canada, […]
Read moreApple CEO Tim Cook made good on his promise: Apple’s business in China is growing again. Apple reported quarterly earnings on Thursday. The company said revenue in China was $9.8 billion during the fourth fiscal quarter, up 12 percent year-over-year and up 22 percent sequentially. Last quarter, sales were down 10 percent year-over-year and 25 […]
Read moreApple reported quarterly earnings after the bell on Thursday and said sales of the Apple Watch continue to grow at a rapid pace. Apple didn’t break out Apple Watch sales, but the company said that sales of the wearable grew more than 50 percent year-over-year for the third consecutive quarter. Wall Street was only looking […]
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Shares of Apple rallied after hours Thursday following an earnings beat for the tech giant, but that’s not stopping one strategist from hitting the sell button on the stock. Despite Apple’s 45 percent surge this year and high demand for the iPhone X, Larry McDonald, head of U.S. macro strategies at ACG Analytics, still believes […]
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