Ride-hailing apps such as Uber and Lyft have been so disruptive to New York City’s taxi industry, they are causing lenders to fail. Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as […]
Read moreSpeculation is rife that China could create a “super regulator” at a major policy meeting this weekend as part of its efforts to curb risk in its financial system. The gathering, called the National Financial Work Conference, occurs every five years and started in 1997 in the wake of the Asian financial crisis. The closed-door […]
Read moreJim Cramer may not be a chartist, but he understands why charts are so important for predicting the market’s major moves. “You must consider them as if they are footprints at a scene of a crime. These footprints trace out what big money managers might be doing with their buying and selling of stocks,” the […]
Read moreThe most simple and reliable chart pattern out there is one that Jim Cramer dreads. Unfortunately, Cramer learned not to ignore the head-and-shoulders pattern the hard way when his charitable trust bought Alcoa — which spun off its aluminum business in November 2016 under the name Alcoa and is now known as Arconic — in […]
Read moreTechnicals and fundamentals are Jim Cramer’s key tools for determining when a stock is ready to explode. “Typically, when a stock gets overbought, it is ripe for a pullback because overbought stocks, ones with many buyers reaching to take in supply, tend to snap back after they have gotten too far away from their longer […]
Read moreJim Cramer likes to work with a combination of analyzing both fundamentals and charts to spot the next big moves in the market. Charts are especially helpful for determining the best entry and exit points in a stock, which is why Cramer waits to pull the trigger on a stock until after he looks at […]
Read moreJim Cramer may not be a chartist, but he understands why charts are so important for predicting the market’s major moves. “You must consider them as if they are footprints at a scene of a crime,” the “Mad Money” host said. “These footprints trace out what big money managers might be doing with their buying […]
Read moreFrom its humble beginnings as an online bookstore to its recent purchase of Whole Foods, Amazon dominates the retail landscape. As a result, it’s no surprise the company has been on a hiring spree in recent months. Just last year, Amazon hired 110,000 employees and plans to grow its full-time U.S.-based workforce to over 280,000 […]
Read moreUber’s board and shareholders have discussed selling some shares to SoftBank and other companies, Bloomberg reported Friday, citing people familiar with the matter. Venture capital firm Benchmark, one of Uber’s early investors, is among the investors in talks to sell shares, unnamed sources told Bloomberg. Such a deal could provide new money into the ride-hailing […]
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Shares of Sprint spiked 5 percent Friday after The Wall Street Journal, citing sources, said the telecommunications company met with Warren Buffett and media business giant John Malone about an investment. Sprint Chairman Masayoshi Son met separately with Buffett and Malone, chairman of Liberty Media, this week during a gathering of chief executive officers in […]
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