After doing some homework on the “roller-coaster” stock of Acadia Pharmaceuticals, CNBC’s Jim Cramer came back with a surprisingly positive take on the pharma play. “A lot of people don’t like roller-coasters, so even if you like what I’m about to say about the stock, it may not suit you. That said, I think that […]
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For those looking to invest in experience and lifestyle, golf might be their next ace in the hole. At least that’s what Erik Anderson, the co-chairman and CEO of privately-held entertainment company Topgolf, told CNBC on Monday. Topgolf, a budding chain of sports-bar-meets-driving-range entertainment centers, has been growing in popularity among non-golfers. (Golf equipment maker […]
Read moreThe midwinter bounce in auto parts stocks O’Reilly Automotive, Advance Auto Parts and AutoZone did not go unnoticed by CNBC’s Jim Cramer. “First AutoZone and O’Reilly bounced from their lows over the summer, then Advance Auto Parts seemed to bottom last month. It’s now up 28 percent from its lows on Nov. 8,” the “Mad […]
Read moreU.S. markets on Monday shook off early jitters following a terror incident to end higher ahead of Asia’s Tuesday trading day. The Dow Jones industrial average rose 0.23 percent, or 56.87 points, to finish at a record close of 24,386.03, the S&P 500 edged up 0.32 percent to end at 2,659.99 and the Nasdaq composite […]
Read morePlenty of people are worried about the stock market’s seemingly endless rally, but CNBC’s Jim Cramer is more interested in the drivers behind it. “Stocks have indeed come very far very fast, we’re right on the cusp of multiple rate hikes, there was a terrorist attack in Times Square, we’ve got a special prosecutor investigating […]
Read moreThe number of planned lithium-ion battery factories around the world is skyrocketing, according to a report from Benchmark Mineral Intelligence. There are 26 battery “megafactories” that are either in production and due to expand capacity or new operations due to be in production by 2021, Benchmark said in a blog post on Monday. Benchmark coined […]
Read moreBitcoin has “aspects of a bubble” but it’s almost impossible to know whether it’s gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride this year. It started out the year at $1,000 and soared above $19,000 on the Coinbase exchange last week before dropping. The price […]
Read moreActivist investor Carl Icahn says he will nominate four people to join the board of Xerox at the annual shareholder meeting next year. The move on Monday comes after former Icahn Capital managing director Jonathan Christodoro resigned from Xerox’s board on Friday, fearing it would make decisions and take the company in a direction in […]
Read moreCisco CEO Chuck Robbins has been traveling so much of late that he could be forgiven if he appeared jetlagged on Monday as the company officially named him chairman of the board. Robbins is just back from China, where he spoke at the World Internet Conference alongside Apple CEO Tim Cook and Google CEO Sundar […]
Read moreApple confirmed on Monday that it is acquiring the popular music identification app Shazam. The deal is estimated to be worth around $400 million, according to Recode. Apple is not particularly acquisitive compared with other tech giants like Alphabet or Microsoft. According to Thomson Reuters, Shazam is Apple’s fifth acquisition this year, but only its […]
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