Canopy Growth Tom Franck | CNBC CNBC’s Jim Cramer on Wednesday broke down how ballot initiatives in multiple states across the country could have an impact on the stock market. The cannabis, sports betting and ride-sharing companies caught a boost on Election Day after voters approved new proposals that would expand markets or put in
Month: November 2020
Steve Mollenkopf, chief executive officer of Qualcomm Inc. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm stock rose more than 12% in extended trading as its revenue and adjusted earnings per share handily beat Wall Street expectations. Here’s how Qualcomm did versus Refinitiv consensus estimates for the quarter ended Sept. 27: Earnings: $1.45 per
U.S. stock index futures gyrated in overnight trading on Wednesday as investors hoped that the winner of the U.S. presidential election would be determined soon. Futures contracts tied to the Dow Jones Industrial Average shed 21 points after initially moving higher out of the gate. S&P 500 futures were marginally lower, while Nasdaq 100 futures
Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than
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
People watch a big screen displaying the live election results in Florida at Black Lives Matter plaza across from the White House on election day in Washington, DC on November 3, 2020. Olivier Douliery | AFP | Getty Images One day after the election, the question on everyone’s lips is still, “Who will be president
getty The Internal Revenue Service (IRS), state tax agencies and the tax industry are warning taxpayers about a new scam – by text – to trick people into disclosing bank account information in order to receive an Economic Impact Payment, or stimulus check. As part of the scam, thieves are texting messages to taxpayer. The
Fiona Petrie is the EVP and Managing Director of RE/MAX INTEGRA U.S., the U.S. branch of the world’s largest real estate sub-franchisor. getty What sets a “top” real estate brokerage apart from the rest? Generally, it is quite subjective and often based on a broker’s personal vision for their company’s success. In my experience, however, a
Just the title of this article could be enough to push Dave Ramsey into anaphylactic shock. For most of his audience, having a paid-up house in retirement is a good thing—to be preserved. I am proposing an idea that will likely work with wealthier IRA owners. This idea routinely meets with massive resistance. Keeping an
Destiny USA mall reopens as the coronavirus disease (COVID-19) restrictions are eased in Syracuse, New York, U.S. Maranie Staab | Reuters Retailers have faced nothing short of whiplash this year. Businesses have had to shutter and reopen due to the coronavirus pandemic. They’ve coped with a plunge in sales and supply chain headaches. They’ve chased
A visual representation of the digital cryptocurrency bitcoin. Yu Chun Christopher Wong | S3studio | Getty Images Nearly $1 billion worth of bitcoin with potential ties to the Silk Road online black market is on the move, according to London-based blockchain analysis firm Elliptic. Silk Road was closed down by U.S. federal authorities in 2013, while
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase CEO Jamie Dimon told employees that they must have faith in the U.S. election process and patience to await a final determination. “While strong opinions and tremendous passion characterized this U.S. election,
Billionaire investor Leon Cooperman wasn’t always rich. The Omega Family Office chairman/CEO was born to working-class Polish immigrants and grew up in a one-bedroom apartment in New York City’s South Bronx neighborhood. His father was a plumber. “I’m the first generation in my family born in America, first generation to go to college,” Cooperman, 77,
Rideshare driver Jesus Jacobo Zepeda of Lancaster, California takes part in a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters California voters gave Uber and
Four money moves you should prioritize before the end of 2020. getty The end of the year is a busy time for most people. Unfortunately, it is usually also the last opportunity to make financial moves that will count towards the current year. If you’ve been slow to tackle your financial to-do list this year,
getty New home building is riding a torrid—counter-pandemic, safe-haven-fueled—sales pace. This attests to the way many firms in this trillion-dollar sector have blasted into the millennium’s technological present, and they’d like to believe that present has nothing but running room ahead. Note, though, the millennium dawned two decades ago. Builders would mostly admit they’ve got
Students play during their break on their first day of school after the summer break at St Luke’s Church of England Primary School in East London on September 3, 2020. DANIEL LEAL-OLIVAS | AFP | Getty Images If you live with children, you’re not at a greater risk of contracting Covid-19, according to a large
BEIJING — Chinese mutual funds have been on a tear this year, a sign of changing investor behavior as the local capital markets mature. More than 1,100 new funds have launched this year, for a scale of issuance that’s topped 2.5 trillion yuan ($373.1 billion) as of Friday, the last trading day of October, according
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
(COMBO) This combination of pictures created on October 22, 2020 shows US President Donald Trump (L) … [+] and Democratic Presidential candidate and former US Vice President Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on October 22, 2020. (Photos by Brendan Smialowski and JIM WATSON / AFP) (Photo by
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