Stock markets

Enterprise and desktop PCs still 'a healthy market' as personal PCs see slowdown, says Micron CEO

Enterprise and desktop PCs still ‘a healthy market’ as personal PCs see slowdown, says Micron CEO

Micron chief executive Sanjay Mehrotra told CNBC’s Jim Cramer on Thursday that the market for enterprise and desktop PCs remains healthy despite the personal PCs market experiencing a slowdown. “It’s not like anything is falling off the cliff,” Mehrotra said in an interview on “Mad Money.” “Yes, while consumer PCs lately are not experiencing the …

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Jim Cramer says investors shouldn't allow a tumultuous market to prevent them from finding 'better opportunities'

Jim Cramer says investors shouldn’t allow a tumultuous market to prevent them from finding ‘better opportunities’

CNBC’s Jim Cramer on Thursday said that while investors should tread carefully as the stock market continues to be stormy, they also shouldn’t be afraid to make moves to strengthen their portfolios. “We want to be very careful to buy stocks with stories that can handle a slowdown. … A good portfolio manager never sells …

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Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric …

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Saudi Aramco eclipses Apple to once again become the world's most valuable company

Saudi Aramco eclipses Apple to once again become the world’s most valuable company

hong kong CNN Business — Saudi Aramco has overtaken Apple as the world’s most valuable company, underscoring the recent surge in oil prices that have boosted the energy giant this year. Aramco is now worth about $2.43 trillion, compared with Apple’s $2.37 trillion, according to data from Refinitiv. Market capitalizations fluctuate frequently: earlier this year, …

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Coinbase stock plunges again after company reports dismal results

Coinbase stock plunges again after company reports dismal results

New York CNN Business — The bitcoin crash is hitting Coinbase really, really hard. The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now down more …

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Roblox pops 10% after initial earnings dip

Roblox pops 10% after initial earnings dip

A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox were up 10% on Wednesday morning, marking a stark turnaround from an initial 10% plunge Tuesday …

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China's consumer prices climb as Covid prompts food stockpiling

China’s consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | dpa | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in …

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Pfizer deal will help expand reach of migraine pill

Pfizer deal will help expand reach of migraine pill

Pfizer’s purchase of migraine medication maker Biohaven Pharmaceutical represents a commitment to expand the reach of its calcitonin gene-related peptide (CGRP) franchise, CEO Vlad Coric told CNBC’s Jim Cramer on Tuesday. “There are still over 300,000 physicians in the US who write for the older triptans and have not yet written for one oral CGRP,” …

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Use market downturn to upgrade your portfolio, Jim Cramer says

Use market downturn to upgrade your portfolio, Jim Cramer says

CNBC’s Jim Cramer on Monday said that investors willing to brave the current market should switch out their nonprofitable holdings for stocks that have cheap valuations and better-than-average growth rates. “I’m not advocating staying in the market, so much as I want you to take some losses and swap into better stocks that can spring …

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Dow tumbles again as tech wreck continues, S&P hits 52-week low

Dow tumbles again as tech wreck continues, S&P hits 52-week low

New York CNN Business — US stocks fell sharply Monday, pushing the S&P 500 to a new 52-week low, as traders anticipate a new load of bad news on inflation and earnings. The Dow (INDU) fell about 506 points, or 1.5%. the S&P 500 (SPX) dropped 2.4%, and the Nasdaq Composite (COMP) lost about 3.2%. …

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