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November 27, 2021

Stock markets

Oil drops 13% in worst day of 2021, breaks below $70 as new Covid variant sparks global demand concerns

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CNBC – For more and to sign up click here Working oil pumps against a sunset sky. Imaginima | E+ | Getty Images Oil posted its worst day of the year on Friday, tumbling to the lowest level in more than two months as the new Covid-19 strain sparked fears......

Covid developments to rule the market once again in the week ahead after Friday’s rout

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2021. Brendan McDermid | Reuters Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment......

‘I’m still very bullish’ on a pure-play bitcoin ETF in early 2022, Gemini executive says

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CNBC – For more and to sign up click here A pure-play bitcoin exchange-traded fund may not be as far off as some think, according to one cryptocurrency executive. With its approval of three bitcoin futures ETFs, the Securities and Exchange Commission signaled that it is embracing crypto as an......

Stocks making the biggest moves midday: Moderna, United Airlines, Zoom and more

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CNBC – For more and to sign up click here Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading Friday: United Airlines, American Airlines – Airline stocks were hit hard......

Stocks are in the red. Should you sell?

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CNBC – For more and to sign up click here Simon Smith | E+ | Getty Images With U.S. markets slipping on Friday amid fears of a new Covid variant, you may be tempted to take some money off the table. The Dow Jones Industrial Average is down 900 points......

Jim Cramer says it’s too early to buy until we find out whether new variant is spreading in the U.S.

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CNBC – For more and to sign up click here Friday’s sharp decline for stocks, spurred by concerns over a new Covid-19 variant, is not a buying opportunity, according to CNBC’s Jim Cramer. “We’re going to wake up next week and find one [case] in this country, and I’m not......

Stocks making the biggest moves before the bell: Delta, Moderna, Zoom Video, Microsoft & more

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CNBC – For more and to sign up click here A Delta airlines aircraft landing from Los Angeles at Kingsford Smith International airport on October 31, 2021 in Sydney, Australia. James D. Morgan | Getty Images Check out the companies making headlines before the bell Friday: Travel and leisure stocks......

China’s real estate uncertainties persist, fueling market anxiety

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CNBC – For more and to sign up click here Listings of apartments for sale displayed at a real estate office in Shanghai, China, on Monday, Aug. 30, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors......

Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan

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CNBC – For more and to sign up click here Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating......

Baidu kicks off its robotaxi business, after getting the OK to charge fees in Beijing

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CNBC – For more and to sign up click here A safety staff member gets in a self-driving robotaxi on October 13, 2020, in Beijing, China, a few days after Baidu launched trial operations of its Apollo Robotaxi. Zhao Jing | Visual China Group | Getty Images BEIJING — Baidu......

Stocks making the biggest moves midday: Gap, Nordstrom, Deere, VMware and more

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CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing......

The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner

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CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters Expect more tough talk from the Federal Reserve, as it considers winding down its bond......

Work-from-home stocks wane in November. One trader sees more pain ahead

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CNBC – For more and to sign up click here November has not favored some of last year’s biggest work-from-home winners. Zoom, Peloton and DocuSign are all down sharply month to date, with Zoom losing around 25%, Peloton down a whopping 53% — equivalent to roughly $15 billion in market......

Cathie Wood says her firm is testing a more aggressive strategy that would be ‘ARK on steroids’

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CNBC – For more and to sign up click here Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images This is a breaking news story. Please......

Not since Americans came home from World War II has inflation run through the economy like it is now

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CNBC – For more and to sign up click here Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Not since Americans came home from World War II has inflation percolated through......

Chinese Tesla rival Xpeng wants to sell half of its cars overseas

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CNBC – For more and to sign up click here BEIJING — Chinese electric car start-up Xpeng plans to become a global automaker, with half of vehicle deliveries going to countries outside China, vice president and chairman Brian Gu said Wednesday. “As a company that focuses on global opportunities, we......

Jim Cramer says buy these best-of-breed tech stocks first as Nasdaq gets hit

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Tuesday laid out a strategy for equity investors who are trying to navigate this week’s Nasdaq Composite slide. The tech-heavy index has fallen 1.76% through the first two trading days, compared with the Dow Jones Industrial......

HP shares jump after earnings beat, CEO says return to office driving PC demand

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CNBC – For more and to sign up click here Shares of HP were up more than 8% in extended trading Tuesday after the computer hardware maker reported better-than-expected quarterly results and strong guidance for the current quarter. Here’s how it did versus Refinitiv consensus expectations for the quarter ending......

Stock futures are little changed after tech shares continue their sell-off

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed on Tuesday night after tech shares sold off for......

Stocks making the biggest moves after hours: Nordstrom, Gap, VMware, HP and more

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CNBC – For more and to sign up click here Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Check out the companies making headlines after the bell: Nordstrom — Shares of the department store chain tumbled roughly......

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