markets

CNBC’s Jim Cramer recommended that long-term investors put some cash to work in the broad market after Wall Street’s steep declines Tuesday. “Given that it’s a good idea to keep some money in an S&P 500 index fund for your retirement, you have my blessing tomorrow morning to commit some capital,” the “Mad Money” host
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Salesforce’s Marc Benioff told CNBC’s Jim Cramer on Tuesday that he was “never leaving” the enterprise software giant he co-founded in 1999. “But I couldn’t be more thrilled to have a great partner here with Bret Taylor,” Benioff said. Taylor on Tuesday was promoted to co-CEO of Salesforce alongside Benioff. Salesforce’s Marc Benioff told CNBC’s
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Elon Musk described a dire situation with SpaceX’s development of Raptor rocket engines the day after Thanksgiving in a company-wide email, a copy of which was obtained by CNBC. “The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote. Raptor engines power the company’s Starship rocket, with Musk adding
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Check out the companies making headlines in premarket trading. Regeneron Pharmaceuticals (REGN) — Regeneron shares fell more than 1% in the premarket after the company said its Covid-19 antibody cocktail and similar drugs could be less effective against the omicron Covid variant. The drugmaker said mutations in the variant suggest “there may be reduced neutralization
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Shopify has seen strong Cyber Monday sales across its worldwide network of merchants, according to the company’s president, Harley Finkelstein. “We don’t have final numbers, but Shopify merchants have now surpassed last year’s sales of $5.1 billion globally,” he told CNBC’s Jim Cramer. Shopify President Harley Finkelstein told CNBC that Cyber Monday sales have been strong across
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It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Matterport: “3D camera, everybody loves 3D. I’ve never made any money on 3D. I’m going to have to take a big pass since that’s stock already moved too
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The United States will restrict travel for non-U.S. citizens from South Africa and seven other countries starting on Monday as a new Covid variant emerges. President Joe Biden was briefed on Friday by White House chief medical advisor Dr. Anthony Fauci. The briefing came as other nations announced travel restrictions on southern Africa. In addition
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The Biden administration on Friday proposed reforms to the country’s oil and gas leasing program that would raise costs for energy companies to drill on public lands and water. The long-anticipated report stopped short of recommending an end to oil and gas leasing on public lands and did not indicate that the administration would take
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In a CNBC interview Tuesday, Gap CEO Sonia Syngal on Tuesday defended the apparel retailer’s air freight investment. “We believe the right thing to do is compete in the holiday season to have the right stock across all four of our brands,” Syngal told “Mad Money” host Jim Cramer. Gap shares tumbled in extended trading
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HP shares jumped 8% in extended trading Tuesday after the computer hardware maker reported better-than-expected quarterly results. HP CEO Enrique Lores told CNBC’s Jim Cramer the company is prioritizing its commercial clients due to better margins. Shares of HP were up more than 8% in extended trading Tuesday after the computer hardware maker reported better-than-expected
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CNBC’s Jim Cramer on Tuesday laid out a strategy for equity investors who are trying to navigate this week’s Nasdaq Composite slide. The “Mad Money” host said the first group of tech stocks to look to buy consists of Microsoft, Alphabet and Nvidia, among others. “These best-of-breed stocks tend to bottom before all the others,”
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