Author: admin

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks are slightly lower Monday to start December. The market is coming off a strong Thanksgiving week in which the S & P 500 rallied almost 4%, pushing its monthly return into positive territory. It was the seventh straight month of gains for the benchmark gauge. Meanwhile, the Nasdaq jumped over 4% last week, but it wasn’t enough to make up for the index’s poor November performance. The Nasdaq fell…

Despite sagging consumer sentiment, the holiday shopping season kicked off on a high note over the weekend — a positive signal for our retail stocks. Shares of several retail stocks are up on Monday, including Abercrombie & Fitch (+5%), Urban Outfitters (+5%), and Bath & Body Works (+10%). Portfolio names Amazon , Home Depot , TJX Companies , and Nike were also in the green in midday trading. The State Street SPDR S & P Retail ETF (XRT) added more than 1% on Monday, bringing its five-day gain to more than 7%. “The narrative that the consumer is not doing…

Tokyo is considering exporting a missile system to the Philippines as it seeks to ease its weapons-export restrictions, Japanese media reported – a move likely to draw criticism from Beijing.The missile system, dubbed Type 03 Medium-Range Surface-to-Air Missile, is of the same type that Tokyo plans to deploy on Yonaguni, an island only 110 kilometres (68 miles) away from Taiwan. Beijing has blasted the deployment on Yonaguni as “extremely dangerous”.Kyodo News reported on Sunday that Japan has held informal talks with the Philippines about the possible export of the Japanese-developed missile system, citing sources familiar with the matter.A substantive study…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 and Nasdaq fell on Monday, the first day of December. It was not a surprise to see a small pullback, given last week’s strong performance . The crypto market plunged to start the new week as bitcoin declined 7%. “Bitcoin is the linchpin,” Jim Cramer said. “But it’s not going to go down without a fight.” In his Sunday column , Jim also said that speculative names, like crypto-related…

The Japanese yen rose on Monday, supported by comments from Bank of Japan Governor Kazuo Ueda, who hinted at a possible rate hike in December, while the dollar came under pressure as investors intensified their bets on a Federal Reserve cut this month.   Ueda said on Monday that the central bank will examine the “pros and cons” of raising interest rates at its upcoming December meeting, marking the strongest signal so far that a hike is possible this month. He added during a press conference that he will provide clearer guidance on the future rate-hike path once the policy…

CNBC’s Jim Cramer said Monday to buy shares of auto retailer Carvana if they decline again. Carvana is a clear leader in the used-car space, and its turnaround story has been very promising, Cramer said. He pointed to the stock’s recent gains as proof. Shares are up 22% over the past month, compared to the S & P 500 ‘s advance of less than 1%. “These guys had a resurrection,” he said during “Squawk on the Street” on Monday. Cramer said that CEO Ernest Garcia has done a remarkable job getting the company back on track. “They’re doing many things…

The government added the Pakistan Minerals Development Corporation (PMDC) to the active privatisation programme after the Privatisation Commission Board approved its inclusion during a review of state-owned enterprises (SOEs), an official release said on Monday. The PMDC was among three SOEs approved for inclusion in the privatisation programme. Other two include the Saindak Metals Limited (SML) and the National Insurance Company Limited (NICL). In its 243rd meeting, the board recommended the addition of three SOEs to the active privatisation programme and advised the delisting of two SOEs, based on the recommendations of the board’s investment committee. “The Investment Committee of…

The Japanese yen rose on Monday, supported by comments from Bank of Japan Governor Kazuo Ueda, who hinted at a possible rate hike in December, while the dollar came under pressure as investors intensified their bets on a Federal Reserve cut this month.   Ueda said on Monday that the central bank will examine the “pros and cons” of raising interest rates at its upcoming December meeting, marking the strongest signal so far that a hike is possible this month. He added during a press conference that he will provide clearer guidance on the future rate-hike path once the policy…

Much research on cancer prevalence has focused on genetic, environmental and lifestyle factors. But a new study by Argentine researchers offers a novel evolutionary perspective: the social structure of mammals may play a critical role in cancer risk.The new angle has been proposed by researchers from the cancer philosophy and biology systems group at the University of Buenos Aires, led by Professor Matías Blaustein.Their study, published on November 12 in the journal Science Advances, suggests that species characterised by strong social cooperation exhibit significantly lower cancer rates, while those shaped by intraspecific competition face higher risks.There are disparities in cancer…

We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing.1. Bankruptcies, suicides: US farmers detail cost of trade tensionsillustration by Brian WangHigh fuel costs, rising interest rates, falling crop prices and depressed Chinese demand amid geopolitical tensions had already eroded farm profits during the previous Joe Biden administration. Then came a seismic shift in US politics that brought a tariff-loving president back to the White House, further rattling the industry.Read the full story here.2. Family of Chinese…