CNBC’s Jim Cramer takes a look at the coming week of earnings reports, the Fed and stock market news. The “Mad Money” host sits down with Boot Barn CEO to get a better picture of its expansion plans. Later in the show he explains why President Donald Trump should let the Dec. 15 tariff hike
Month: December 2019
More than a quarter-billion dollars is up for grabs in the next Mega Millions drawing. After 10 weeks with no one hitting all six numbers, the jackpot has climbed to $285 million for Friday night’s drawing. And while the odds are stacked against a jackpot win — your chance is 1 in about 302 million
John Legere, chief executive officer and president of T-Mobile US Inc., left, listens as Marcelo Claure, chief executive officer of Sprint Corp., speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April 30, 2018. Michael Nagle | Bloomberg | Getty Images T-Mobile is considering
“The Wolves of Wall Street I” David Yarrow | Maddox Gallery An homage to excess, featuring the signatures of two Hollywood legends, quickly banked $200,000 from an unnamed buyer this week. The black-and-white “Wolves of Wall Street I,” by famed British photographer David Yarrow, sold at Art Miami within 10 minutes of the art fair’s
November’s surprisingly strong jobs report makes it less likely the Fed will move to cut interest rates, and it could even sound more hawkish when it meets next week. A so-called ‘hawkish’ Fed is one that is more likely to move to tighten policy than make it looser by cutting interest rates or taking other
Ulta Beauty beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer’s shares up over 11% in extended trading. The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which are usually priced at a premium, and has attributed cosmetics lines from Kylie Jenner and YouTuber
Head Coach David Fizdale of the New York Knicks looks on against the Brooklyn Nets at Madison Square Garden on November 24, 2019 in New York City. Mike Stobe | Getty Images The New York Knicks have fired head coach David Fizdale after 22 games this season, according to ESPN’s Adrian Wojnarowski. Fizdale’s reported departure
JGI/Jamie Grill | Tetra images | Getty Images Make 2020 the year you nail your taxes: The IRS has released the final version of its new tax withholding form. The new Form W-4 goes into effect for 2020. Employees use it to tailor the amount of income tax that’s withheld from their paychecks. The document
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk testified under oath he’s not sure know how much he’s worth. The Tesla and SpaceX
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25
A shopper at a Dollar General store Daniel Acker | Bloomberg | Getty Images Dollar General raised its full-year profit forecast on Thursday after reporting a better-than-expected quarterly same-store sales as it attracted more shoppers to its stores. Shares of the company rose nearly 6% in premarket trading as same-store sales rose 4.6% in the
What to buy for the frequent-flying road warrior who sees it all in their travels? Here are creative gadgets that can make upcoming 2020 travel that much more comfortable. Wireless earphones: Nuheara’s IQbuds Boost Nuheara IQbuds Boost Courtesy of Nuheara. Eliminate the endless noise pollution of airports, planes, trains and city life with these wireless
Before the calendar flips to 2020, you might want to see if there are some moves you can make to take advantage of the tax breaks for medical expenses. Experts say it’s worth exploring, as the cost of health care continues its upward climb. The U.S. spent about $3.5 trillion on health care in 2017,
2020 Democratic Presidential candidate Senator Elizabeth Warren at a Warren Indianola Town Hall at Simpson College in Indianola, Iowa on Sunday October 20, 2019. Melina Mara via Getty Images Those in search of a real-time, market-based way to make money on the possibility that Sen. Elizabeth Warren wins the Democratic nomination need look no further
Charles Taylor | Getty Images There are less than four weeks left in the year, and your chances of a holiday gift at work are looking pretty good. About 2 in 3 companies anticipate giving workers a year-end bonus or perk, according to new data from Challenger, Gray & Christmas. The Chicago-based recruiting firm polled 250
Steven Mnuchin, U.S. Treasury secretary, speaks during a press briefing at the White House in Washington, D.C., U.S., on Monday, July 15, 2019. Al Drago | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin on Thursday agreed that the World Bank should expel China from a supportive loan program that helps middle- and low-income nations
A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Victor J. Blue | Bloomberg | Getty Images Tiffany shares fell more than 1% in premarket trading Thursday after the luxury jeweler reported earnings and revenue that fell short of analyst expectations. Here’s what Tiffany reported compared
NEWARK, California — If you’re in retail these days, you’re likely trying to solve these two problems: How to cut costs, and how to get products to your customers as quickly as possible. Nordstrom thinks it has found a solution that will help it do both. And it starts at a warehouse in Newark, California.
Customers pay at a cashier station in a JCpenney Store at the Newport Mall in Jersey City, New Jersey. Kena Betancur | Getty Images Going big on those holiday purchases will cost you — especially if you’re in New Mexico. Residents in the Land of Enchantment take 17 months to pay off an average credit
A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the
In the late 1990s Andy Jassy pitched a wild idea to his boss and mentor, Jeff Bezos: what if Amazon developed another business…this one, in the cloud. Two decades later, it’s Amazon’s most profitable division – one that Jassy continues to head up as the CEO of Amazon Web Services. Jon Fortt sat down with
Robinhood grew its user based tenfold in about three years by bringing in younger generations to the finance world, co-CEO of the mobile stock trading app, Vladimir Tenev, told CNBC’s Jim Cramer on Wednesday. The start-up earlier that day announced that it has registered more than 10 million accounts to its platform, up from 1 million
Workday beat Wall Street estimates for third-quarter profit and revenue on Tuesday, and raised its full-year forecast for sales in its biggest business, as more companies signed up for its cloud-based financial and human resources management software. Shares of the company rose over 3% to $180 in trading after the bell. While players like Amazon.com’s
U.S. stock index futures were slightly higher on Thursday. At around 02:15 a.m., Dow futures rose 27 points, indicating a positive open of more than 20 points. Futures on the S&P and Nasdaq were both slightly higher. Market focus is largely attuned to global trade developments, following a media report suggesting the world’s two largest economies were on the cusp of
Caiaimage/Paul Bradbury | Caiaimage | Getty Images You’ve got your holiday shopping list made and you’re checking it twice. But are you getting the right gifts for the right people? And what should you do if you are strapped for cash? Following some simple gift-giving rules can help you easily navigate the holiday season. They
Find yourself struggling to manage your health-care costs in retirement? You’re not alone. As the cost of health care continues climbing faster than the rate of inflation and an aging population is living longer, many financial advisors are focused on the line item in their retired clients’ budgets more than ever. “It’s a cost we
Billionaire businessman Ken Langone told CNBC that he used Tuesday’s stock market drop as a buying opportunity. “Where else can you go to get some kind of a decent rate of return, than equities,” Langone said. “Balance sheets are in pretty good shape. I think the economy has got 1.5% to 2% in it next
Elon Musk is due to resume testifying in his own defense on Wednesday in a defamation lawsuit filed by a British diver whom the Silicon Valley billionaire called “pedo guy” on Twitter. Musk, the 48-year-old CEO of Tesla, apologized for the tweet during his first day of testimony in U.S. District Court in Los Angeles on
The stock market’s poor start to December halted in its tracks the kind of euphoric rally that has marked the end of past bull markets, a so-called blow-off top. Between mid-August and late November, the was up 10.5% in a 74-day sprint that seemed to be immune from negative headlines. According to Ned Davis Research, the