The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator factory in Hefei, China, about a five hours’ drive from Shanghai. Xi Chen | Visual China Group | Getty Images BEIJING —…
Tag: stockmarkets
Lithium’s vital role in the energy transition sends prices to record highs. how to play it
The all-electric future, where homes, cars and buildings run on clean energy, depends on a host of raw materials, but perhaps one more than the rest: lithium. Prices for the key metal have shot up over the last year as projections suggest demand is going to vastly outstrip supply. On one side there’s automakers promising…
Stock futures rise ahead of a big week of retail earnings
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures were higher Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers. Futures tied to the Dow Jones Industrial Average rose 100 points, or 0.3%, while S&P 500…
How to buy stocks on the brink of a bear market
It seemed like everyone was in a buying mood on Friday, except Elon Musk. The Dow Jones Industrial Average broke a six-day losing streak, the Nasdaq Composite turned in its second positive session in a row, and the S&P 500 was up over 2%, a small step back from the brink of a bear market,…
Plant-based food stocks Beyond Meat, Oatly face a reset
In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olsen | Getty Images Wall Street appears to be sourcing on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relative recent entrants to…
Upstart CEO defends increased loan balance, says the AI lending platform’s model hasn’t changed
In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm’s balance sheet at the end of its first quarter. Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after…
Upstart shares plummet 56% after company cuts full-year revenue forecast
In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Light Rocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy. The company had reported better-than-expected first-quarter…
Zebra CEO says freight costs have moderated, component shortages still a headwind
Zebra Technologies chief executive Anders Gustafsson told CNBC’s Jim Cramer on Friday that while the company has seen freight costs come down, shortages of components like semiconductor chips continue to cause issues. “Over the past two years, we’ve seen kind of a migration of some of the issues. Now, it started off with freight being…
Retail giants report earnings, stay away from ‘toxic’ stocks
CNBC’s Jim Cramer said Friday that he’s breathing a sigh of relief as beaten-down stocks ‘have already taken enough hits,’ allowing investors to trade in a safer environment next week – though they still need to tread carefully. “When we’ve been beaten down to these levels, we reach a point where stocks that would normally…
‘US consumer is alive and well’ — Affirm CEO says market turbulence has no impact on business
Affirm Holdings Chairman and CEO Max Levchin told CNBC that despite the market’s poor performance this year, US consumers – and Affirm’s customers – are spending healthily. “The US consumer is alive and well. They’re shopping, they’re buying, they’re paying their loans, at least to Affirm quite well. Generally speaking, things are going according to…