A Covid hangover is upon us, which means we’re just not doing the things we did during the lockdown, CNBC’s Jim Cramer said Friday. We’re buying fewer PCs and spending less on our homes – prioritizing travel and leisure instead. Pets can be subtle victims of the current “long on money, little time” spending mode, … Read more
The Environmental Protection Agency said Friday it is granting California the legal authority to require that half of all heavy-duty trucks sold in the state be all-electric by 2035. The Biden administration’s approval of California’s Advanced Clean Trucks (ACT) regulation goes beyond federal requirements. The approval comes after the state banned the sale of new … Read more
Tesla (ticker: TSLA) is expected to release first-quarter shipment numbers over the weekend. According to 10 estimates from FactSet, Wall Street expects the electric vehicle company to ship 432,000 units in the first quarter, up from about 405,000 in the fourth quarter of 2022. In the first quarter of 2022, Tesla delivered about 310,000 vehicles. … Read more
An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Kena Betancur | Corbis News | Getty Images Check out the companies making headlines during midday trading. Bed Bath & Beyond — Stocks continued to fall during Friday’s session, falling 22.8%. On Thursday, the company again warned … Read more
Previously, Andy Sieg was president of Merrill Lynch Wealth Management, a position he held for six years. In his new role, he will be the head of Citi Global Wealth, reporting to Jane Fraser, Citi’s CEO. Sieg will begin his new role in September. Merrill Lynch veteran Andy Sieg is leaving Bank of America to … Read more
My top 10 things to watch Thursday, March 30 1. Renaissance of technology or just the usual cash flow at the end of the quarter? Wall Street pushed for a higher open, one day after a strong rally. With two trading sessions left, the Nasdaq was up about 14% quarter-to-date, breaking through four straight quarters … Read more
Lawmakers continue to hammer bank regulators on the collapse of the SVB. Russia detains an American reporter from The Wall Street Journal. It’s the opening day of Major League Baseball. Steve Cohen’s Mets are under pressure. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, … Read more
Chinese Premier Li Qiang addressed an international audience at the Boao Asia Forum in Boao, Hainan on March 30, 2023. Lintao Zhang | Getty Images News | Getty Images BO’AO, China — Chinese Premier Li Qiang attempted to rally Asian countries behind China in his first public address to an international audience as Prime Minister. … Read more
A display of a Canadian sportswear retailer’s Lululemon logo in one of their stores. Alex Tai | LightRocket | Getty Images Check out the companies making headlines in Wednesday afternoon trading. Lululemon – Shares of the athletic apparel company rose more than 13% after the company reported strong quarterly earnings and earnings that beat Wall … Read more
A Lululemon store in New York, USA, on Tuesday, March 28, 2023. Stephanie Keet | Bloomberg | Getty Images Check out the companies making headlines before the bell rings. Lululemon – Shares of Lululemon rose more than 16% before Wednesday’s open after posting a strong holiday quarter and sharing optimistic expectations for the current fiscal … Read more