As CNBC’s Jim Cramer watched the averages jump to new intraday highs on Monday, he wondered about the welfare of one very strong sector: the cyclicals. “There’s a shortage of good cyclical stocks,” the “Mad Money” host said. “I never thought I’d say that because we’ve had such a prolonged period of slow growth where […]
Read moreLongfin’s shares may have surged more than 200 percent Monday, but even its CEO thinks the gains are overdone. “This market cap is not justified,” the company’s CEO and Chairman Venkat Meenavalli said Monday on CNBC’s “Fast Money.” “I valued my IPO pricing at $5.” “We are a profitable company. … We have nothing to […]
Read moreIn light of Campbell Soup’s purchase of snack brand Snyder’s-Lance and Hershey’s deal to buy the parent company of SkinnyPop, CNBC’s Jim Cramer wanted to revisit the food space. The unexpected strength is “not just [in] the pantry,” the “Mad Money” host said. “This miraculous supermarket strength extends even to other parts of the frozen […]
Read moreU.S. stocks closed the Monday session at record highs ahead of Asia’s Tuesday trading day as investors took bets on a tax plan that would overhaul the U.S. tax system. Tax reform was the main driving force for optimism in markets stateside. Included in the finalized version of their tax planis a provision to cut […]
Read moreInvestors who think they’ve missed the market’s big move might have a point, but they could also be underestimating the upside ahead, CNBC’s Jim Cramer argued on Monday. “Companies just won’t stop making themselves more appealing,” the “Mad Money” host said. “This morning, Campbell Soup bought Snyder’s-Lance … for $4.9 billion. They transformed themselves from […]
Read moreIt's official: Spammy phone calls have almost doubled in the past 2 years — New Jersey got hit worst
There were nearly 7.2 million complaints about violations to the U.S. “Do Not Call” registry this year, a big surge from the more than 5.3 million complaints in 2016. The figure is almost double the nearly 3.6 million complaints in 2015. New Jersey had the highest density of complaints on the “do not call” registry […]
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Read moreFacebook said Monday the U.S. government is making more secret requests for data about more users than ever before. The government made 32,716 requests for data from the company in the first half of 2017, with 57 percent of those requests coming with demands for confidentiality, the company said in its semi-annual Transparency Report. Those […]
Read moreAs the biggest tech companies fight to invade your living room, Amazon’s Echo product line still outsells competitors, like the Google Home, by a huge margin. But while Amazon is dominating smart speakers, one of Google’s hardware products for the home has emerged as a market-leading hit: Its mesh Wi-Fi product. Little over a year […]
Read moreMillions of people are testing their DNA with kits that tell them their family history and let them examine certain health risks, all by spitting in a tube at home. Each of those samples contains data that could be tremendously valuable to scientific researchers looking to understand diseases and discover new treatments. But many consumers […]
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