Inflation could push Fed into August rate hike

Inflation could push Fed into August rate hike

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation isn’t abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s red-hot … Read more

Warren Buffett’s stock shopping spree slows down even during market’s big pullback. Here’s why

Warren Buffett’s stock shopping spree slows down even during market’s big pullback.  Here’s why

Warren Buffett’s stock-buying spree slowed down drastically in the second quarter even during the market’s big correction, and analysts said the “Oracle of Omaha” could be preserving capital for other uses. Berkshire Hathaway’s net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the … Read more

Goldman Sachs says buy this biopharma stock that’s poised to rally nearly 40% from here

Goldman Sachs says buy this biopharma stock that’s poised to rally nearly 40% from here

Goldman Sachs says it’s time for investors to put their money in Rhythm Pharmaceuticals as its shares can rally nearly 40% with success trials of its obesity medicine. “We believe that the outlook for Imcivree was transformed by initial [phase 2] data in patients with Hypothalamic Obesity (HO), which points to a high probability of … Read more

Baidu’s robotaxis don’t need any human staff in these parts of China

Baidu’s robotaxis don’t need any human staff in these parts of China

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits for selling rides with no human driver or staff member inside the vehicles. The local … Read more

Stock futures dip following S&P 500’s third winning week in a row

Stock futures dip following S&P 500’s third winning week in a row

Traders on the floor of the NYSE, Aug. 4, 2022. Source: NYSE Stock futures traded slightly lower in overnight trading Sunday, following the S&P 500’s third straight weekly gain, as investors shifted focus to a key inflation report this week. Futures on the Dow Jones Industrial Average dipped 70 points. S&P 500 futures and Nasdaq … Read more

Lithium is key to an electric future, boosting Albemarle’s results

Lithium is key to an electric future, boosting Albemarle’s results

The most ambitious climate bill in US history cleared a key hurdle on Saturday, but one lithium executive said the single biggest catalyst for the critical materials industry would be an overhaul of the country’s permitting practices. The bill, which the Senate voted to advance on Saturday evening, includes $369 billion for climate initiatives. For … Read more

Most of Warren Buffett’s equity portfolio is tied up in just 5 stocks. Here’s what they are

Most of Warren Buffett’s equity portfolio is tied up in just 5 stocks.  Here’s what they are

Warren Buffett’s Berkshire Hathaway just revealed that about 70% of its equity portfolio was concentrated up in just five names. Here’s a look at these high-conviction bets from the legendary investor. While the conglomerate enjoyed a big rebound in operating earnings, it did post a $53 billion loss on its investments during the second quarter … Read more

Expedia, Block, Lyft and more

Expedia, Block, Lyft and more

Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block … Read more

Eli Lilly, Cigna, Restaurant Brands and more

Eli Lilly, Cigna, Restaurant Brands and more

Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Lilly’s performance during the quarter was impacted by lower prices for insulin and falling sales of its … Read more

Charts suggest now is the perfect time to buy gold, Jim Cramer says

Charts suggest now is the perfect time to buy gold, Jim Cramer says

CNBC’s Jim Cramer on Wednesday told investors that gold is poised to rally, making now an optimal time for investors to pounce. “The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en masse and he thinks that that makes it the perfect entry time to do … Read more