CNBC’s Jim Cramer on Wednesday laid out a basket of stocks that are set to bounce back when the U.S. reopens again, though the timeline remains elusive. “Pent-up demand. Get used to hearing that term because it’s going to define the very next leg of this just impossible-to-believe bull market,” the “Mad Money” host said. The
Month: December 2020
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020. CNBC Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. Here’s how Snowflake performed: Earnings: Loss of $1.01 per share. Revenue: $159.6 million. Snowflake’s revenue grew
There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term
Elizabeth Holmes David Orrell | CNBC In what is expected to be one of the most high profile trials in years, Elizabeth Holmes will face jurors wearing clear face masks in a socially distanced courtroom, a judge said Wednesday. The trial, to begin March 9, 2021 at a San Jose federal courthouse is expected to
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The chief operating officer of Jeff Bezos’ private space company Blue Origin is leaving, the company confirmed to CNBC on Wednesday. Blue Origin CEO Bob Smith wrote in an e-mail to the company that COO Terry Benedict’s last day
Joel Angel Juarez/Bloomberg via Getty Images Amid the season of giving — not to mention an ongoing pandemic — donating to charitable causes may be on your mind. While the need for assistance is tremendous, experts say, it’s important to be sure your money goes to legitimate organizations that will use your donation as you
The U.S. Capitol dome is reflected on an ambulance at sunset in Washington, November 10, 2020. Erin Scott | Reuters Talks of a new coronavirus stimulus bill are happening on Capitol Hill. As lawmakers renew their efforts to come to a compromise — including two new bipartisan and GOP packages — some question whether it
The IRS is sending out CP2000 tax letters to certain crypto users who received a Form 1099-K from crypto exchanges. These letters typically show a large proposed tax amount and terrifies the recipient at the first glance. This post describes how these letters are generated and steps you can take to not pay the proposed
We all have a lot of work to do; through it all, we should remember, as Leonard Bernstein told us … [+] many years ago, that New York is a wonderful town. Getty Images With the Presidential election decided, it’s time for New Yorkers to start thinking about a new Mayor. Since in New York
By Jon Friedman, Next Avenue getty A few months ago, I received the kind of jolt from my tax preparer that many of us will get sooner or later. He informed me that he’d decided to retire in the coming years. There’s no easy answer when you have to make an assessment that could affect
A driver for an independent contractor wears a protective mask while operating a delivery truck to delivery N95 respirator masks outside a United Parcel Service Inc. (UPS) Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020. Luke Sharrett | Bloomberg | Getty Images UPS reportedly told its drivers on Cyber Monday to
Check out the companies making headlines in midday trading. Palantir — The tech company slid more than 10% after Morgan Stanley downgraded the stock to underweight. The firm said Palantir now trades at a “significant premium” to its peers following shares’ more than 100% jump since the company went public on Sept. 30. Tesla —
Recently, there has been much debate about whether billionaires should exist, an idea popularized by Congresswoman Alexandria Ocasio-Cortez. But to former Alphabet executive chairman and investor Eric Schmidt, who is worth more than $17 billion, the idea that extreme wealth is a moral failure is reductive. “We would probably all be better off spending more
PeopleImages | E+ | Getty Images Back in March, a couple who had recently sold their business called me to express concerns about their decision to sell and retire. With Covid-19 raging, the stock market quickly dropped in value and their retirement savings were in decline. They asked a straightforward question: Did they need to
The U.S. Capitol in Washington, D.C. Stefani Reynolds/Bloomberg via Getty Images Senate Majority Leader Mitch McConnell, R-KY, talks with reporters following the weekly Republican Senate conference meeting at the U.S. Capitol Dec. 1. The Senate GOP leaders were asked about the chances of Congress passing another coronavirus relief bill along with must-pass government funding legislation.
Sen. Angus King (I-Maine) holds a chart as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus relief legislation at a news conference on Capitol Hill on Dec. 1, 2020. Kevin Lemarque | Reuters Main Street has been clamoring for a new round of federal relief, with 83% of
WASHINGTON, DC – DECEMBER 01: Sen. Mark Warner (D-VA) speaks alongside a bipartisan group of … [+] Democrat and Republican members of Congress as they announce a proposal for a Covid-19 relief bill on Capitol Hill on December 01, 2020 in Washington, DC. The roughly $908 billion proposal includes $288 billion in small business aid
Capital Square‘s SVP & head of acquisitions, overseeing acquisitions team, sourcing and acquiring multifamily, office and retail properties. getty Residential housing investments can produce positive rates of return. After all, people need places to live and depending on supply, demand and market cycles, apartments and single-family rentals are positioned as viable portfolio additions. Within the
Sarah Godlewski, Wisconsin State Treasurer Courtesy: Sarah Godlewski Covid-19’s impacts are being felt in every community. While federal programs have been created to support businesses and their employees, most notably the Paycheck Protection Program (PPP), the majority of the management is being handled at the state level. Wisconsin has experienced more than 400,000 Covid-19 cases
A worker passes a line of freezers holding coronavirus disease (COVID-19) vaccine candidate BNT162b2 at a Pfizer facility in Puurs, Belgium in an undated photograph. Pfizer | via Reuters The U.K. became the first country in the world to authorize the Pfizer/BioNTech coronavirus vaccine, making it available from next week. “The Government has today accepted