Cramer says these 5 factors could help the Dow keep beating the other major indexes

Cramer says these 5 factors could help the Dow keep beating the other major indexes

CNBC’s Jim Cramer on Monday explained why he believes the Dow Jones Industrial Average will continue to outperform the Nasdaq Composite and S&P 500 next year. “As we head into the end of the year, Wall Street tends to crowd into the biggest winners, which is why I expect the Dow to keep outperforming the … Read more

Crude oil prices erased most of their 2022 gains and could head lower

Crude oil prices erased most of their 2022 gains and could head lower

Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, US October 19, 2022. Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now. West Texas Intermediate … Read more

China markets tank as protests erupt over Covid lockdowns

China markets tank as protests erupt over Covid lockdowns

hong kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. It has since pared some losses and last traded … Read more

A tech rebound may be needed for a full market recovery. These are the stocks that could lead

A tech rebound may be needed for a full market recovery.  These are the stocks that could lead

The key to a sustained market recovery may rest on one of the most downbeat sectors this year: Tech. As of Friday’s close, the Nasdaq Composite sits 30% from its record closing high of 16,057.44 on Nov. 19, 2021. It has sold off sharply since then as tech shares tumbled amid soaring inflation and higher … Read more

China’s capital city Beijing battles Covid with more apartment lockdowns

China’s capital city Beijing battles Covid with more apartment lockdowns

Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | dpa | Getty Images BEIJING — China’s capital city is grinding to a near standstill as Covid controls spread. More and more apartment compounds in Beijing on Friday forbade residents from leaving for at least a few days. … Read more

Berkshire Hathaway: Warren Buffett further unwinds BYD investment in China

Berkshire Hathaway: Warren Buffett further unwinds BYD investment in China

hong kong CNN Business — Warren Buffett’s Berkshire Hathaway is continuing to unwind its long position in BYD, China’s largest home-grown EV maker and Tesla’s major rival, after holding it for 14 years. The legendary investor’s conglomerate sold another 3.2 million Hong Kong-listed shares of BYD (BYDDF) last week, cutting its stake to 15.99%, a … Read more

Charts suggest a major buy opportunity for oil is coming

Charts suggest a major buy opportunity for oil is coming

CNBC’s Jim Cramer said Tuesday that investors should gear up to buy oil next month, relying on charts analysis from Carley Garner. “She thinks there could be one last washout from this week, possibly early through December, and that washout could take crude down to the low $70s, or even the mid-$60s. Once we get … Read more

Bill Ackman doubts the Fed can tame inflation, says higher prices ahead

Bill Ackman doubts the Fed can tame inflation, says higher prices ahead

Billionaire hedge fund manager Bill Ackman is skeptical of the Federal Reserve’s ability to bring down inflation, seeing structurally higher prices lingering. “Long-term interest rates are meaningfully below where they’re going to go and we think that is, of course, a risk for equities,” Ackman said on a quarterly investor call for Pershing Square Holdings … Read more

Charts suggest the S&P 500 will rally in December, Jim Cramer says

Charts suggest the S&P 500 will rally in December, Jim Cramer says

CNBC’s Jim Cramer said Monday that stocks in the S&P 500 benchmark will likely rally next month. “The charts, as interpreted by the legendary Larry Williams, suggest that the Santa Claus rally is coming to town next month and you’ve got to get ready for it, or else you may be left behind,” he said, … Read more

S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE S&P 500 futures fell slightly Sunday evening ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday. Futures tied to the broad market index were lower by 0.1%. Dow Jones Industrial Average futures were lower by … Read more