CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged younger investors not to chase after DoorDash once the third-party delivery company goes public. “When people know the brand, the younger investors just say, ‘You know what, get me some,'” Cramer said on “Squawk on the Street,” “DoorDash
Vasily Pindyurin | fStop | Getty Images Cyber criminals steal billions of dollars a year from financial firms. Financial advisors – and their clients – are at risk as attacks increase and grow more complex, according to security experts. “Advisors have one thing the bad actors want, and that’s money,” said Brian Edelman, chief executive
US Secretary of Education Betsy DeVos attends the “Getting America’s Children Safely Back to School” event in the State Room of the white House in Washington, DC, on August 12, 2020. NICHOLAS KAMM/AFP via Getty Images U.S. Department of Education Secretary Betsy DeVos announced on Friday that the payment pause and interest waiver for student
A Porsche 911 Speedster is presented at the Paris Motor Show on October 4, 2018 in Paris. Christophe Archambault | AFP | Getty Images German automaker Porsche is investing about $24 million in the development of “e-fuels,” which officials say is a climate-neutral fuel to replace gasoline in nonelectric vehicles. Production of such a fuel
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video Communications shares fell about 5% in extended trading on Monday after the company reported fiscal third-quarter earnings and quarterly guidance that exceeded analysts’ expectations. Investors seemed disappointed that the rate
Stock futures climbed in overnight trading on Monday following a strong session on Wall Street boosted by positive vaccine news. Futures on the Dow Jones Industrial Average gained 260 points. S&P 500 futures and Nasdaq 100 futures traded in mildly positive territory. The move higher in futures came after General Services Administration chief Emily Murphy
Bank of America predicts that Generation Z (Gen Z) will be the “most disruptive generation ever” and will see their income surpass that of millennials by 2031. “The Gen Z revolution is starting, as the first generation born into an online world is now entering the workforce and compelling other generations to adapt to them, not vice versa,” said Haim
Day traders have terrible track records. Academics who study stock pickers have long observed that the vast majority of professional money managers – about 85% – underperform their benchmarks over a multiyear period. Now those professionals are turning their sights on retail day traders, warning that the same poor results apply to them as well.
The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC The IRS has signaled it will bless a workaround that allows small-business owners to skirt the $10,000 cap on state and local income tax deductions. Ever since the Tax Cuts and Jobs Act took effect in 2018, high-tax states have sought ways to
Aviation workers hold a protest organized by the Association of Flight Attendants outside the U.S. Capitol in Washington, D.C., on Sept. 9, 2020. Saul Loeb | AFP | Getty Images Washington lawmakers have worked to come to an agreement on the next coronavirus relief package for months. Post-election, those talks could get shaken up by
Executive Director of the Major League Baseball Players Association Tony Clark on February 19, 2020 at Clover Park in Port St. Lucie, Florida. Alejandra Villa Loarca | Newsday RM via Getty Images Major League Baseball sees its future. There are visions of sustaining doubleheaders that consist of fewer innings, a runner on base to
People walk by the New York Stock Exchange. Spencer Platt | Getty Images Stock futures recovered from earlier declines to rise in early morning trading on Tuesday following a record-setting rally sparked by promising news of a coronavirus vaccine. Futures on the Dow Jones Industrial Average rose 192 points. S&P 500 futures were flat and
Beyond Meat on Monday said it swung to a loss in the third quarter after the coronavirus pandemic weakened demand for its meat alternatives at restaurants. CEO Ethan Brown said that some of blame for its lackluster results lies with consumer stockpiling. Panic-buying at the start of the crisis lifted Beyond’s grocery sales in the
Since Tuesday, MSNBC national political correspondent Steve Kornacki has been running on fumes, living off Diet Coke with little sleep. Late Thursday night, Kornacki tweeted, “Forget grabbing sleep, there’s still votes coming in in PA. I’m heading back to the studio.” Twitter users urging Kornacki to take a break and change his clothes (he’s known
Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,” the
A man walks to cast his ballot at an early voting center at the Omni Shoreham Hotel on October 27, 2020 in Washington, DC. Sarah Silbiger | Getty Images Don’t let Election Day anxiety drive your tax decisions. There are still plenty of chances to trim your 2020 tax bill — regardless of who wins
People wait in line at a food bank in Brooklyn, New York, on April 28, 2020. Spencer Platt | Getty Images News | Getty Images The end of a $600 weekly boost to unemployment benefits over the summer is rapidly pushing more households to the brink of financial ruin. The federal unemployment subsidy, enacted by
Restaurants are facing a new wave of restrictions, posing yet another obstacle in their attempts to stay afloat and recover from the coronavirus pandemic. New daily Covid-19 cases in the United States hit a record high of 88,521 on Thursday, according a CNBC analysis of data from Johns Hopkins University. “We’re starting to find ourselves
Boeing said Wednesday it is planning to shed 7,000 more jobs to cope with a sharp downturn in air travel and jetliner demand due to the coronavirus pandemic and the prolonged grounding of its bestselling plane. Boeing’s CEO, Dave Calhoun, reiterated expectations that regulators would soon lift their ban on the 737 Max, a grounding
The Ant Group Co. logo is displayed at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Ant Group will close its Hong Kong institutional book building process a day earlier than expected due to strong demand for its record initial public offering
Americans can now travel to Hawaii’s beautiful tropical shores without having to quarantine on arrival. From Oct. 15, domestic travelers who take part in the state’s Pre-Travel Testing Program can bypass a two-week quarantine requirement, provided they test negative for Covid-19 before and, in some cases, after they arrive. “After not being able to travel
Social media isn’t just for selfies and connecting with your coworkers and family anymore — it can also be a great place to learn about managing your money and even find a financial advisor. Platforms such as Facebook, Twitter, LinkedIn and Instagram have surged in popularity in the last decade as places to socialize digitally
Source: Texas Instruments | Wikipedia Volatility has once again returned to Wall Street. Swinging between positive and negative territory in the previous five sessions, the market’s movements have largely been tied to updates on the ongoing stimulus talks. Working for months to pass additional stimulus measures, both sides of the aisle are making a last-ditch
Aston Martin has come a long way since it was featured as James Bond’s weapon-laden sports car in the movie “Goldfinger.” It makes some of the world’s most envied and admired vehicles, but that isn’t helping it financially. Mounting losses, falling sales and the devastating impacts of the coronavirus, which has rocked the global economy
President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. Jim Watson and Brendan Smialowski | AFP | Getty Images President Donald Trump isn’t the only one who’s “prepaid” his taxes. Millions of other Americans have, as well. At least that’s the
BEIJING — China’s foreign exchange regulator told businesses Friday to prepare for more volatility in the yuan. The Chinese currency, also known as the renminbi, strengthened roughly 1% this week against the U.S. dollar to levels not seen since July 2018. Less than five months ago, the yuan was at its weakest against the greenback
Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell as much as 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were
Prices in the Hamptons hit records in the third quarter, as more wealthy New Yorkers fled the city to buy homes on the beach, according to a new report. The average sales price in the Hamptons soared 46% in the quarter to just over $2 million, according to a report from Douglas Elliman and Miller
Billionaire hedge fund manager Paul Tudor Jones has turned more bullish on bitcoin, calling it the best inflation hedge. “I like bitcoin even more now than I did then. I think we are in the first inning of bitcoin and it’s got a long way to go,” Jones said on CNBC’s “Squawk Box” on Thursday. He
It’s no secret that many people worry whether Social Security will be there for them when they retire. And recent headlines could be stoking those fears. Last week, the Social Security Administration announced the annual cost-of-living adjustment will be 1.3% in 2021. The change will amount to just $20 more per month for a retiree
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