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 going to recommend anyone buy anything today until we’re sure that isn’t going to happen.
Registered Nurse Savanah Wagstaff watches as Aliza Burns, a nursing student at Brigham Young University–Idaho, treats a coronavirus disease (COVID-19) positive patient in his isolation room at Madison Memorial Hospital in Rexburg, Idaho, U.S., October 28, 2021. Shannon Stapleton | Reuters Global markets went into a tailspin Friday following news of a heavily-mutated Covid-19 variant
In this article TSLA AAPL Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up. “We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle?
BERLIN, GERMANY – SEPTEMBER 22: German Chancellor Angela Merkel (L) speaks with Vice Chancellor and Federal Minister of Finance Olaf Scholz. Pool | Getty Images News | Getty Images Germany’s Covid-19 crisis continues to rock the nation with the grim news on Thursday that the total number of deaths has now surpassed 100,000. The country’s
In this article M FTCH Betsie Van der Meer | DigitalVision | Getty Images With holiday shopping on my mind and Black Friday in plain sight, I’m laser-focused on the retail sector and its participation in my clients’ investment portfolios. Last week was big for consumers: October retail sales numbers beat expectations, and we had
Senior doctor Thomas Marx puts on his personal protective gear (PPE) before he enters the room of a patient infected with the novel coronavirus (Covid-19) in an intensive care unit (ICU) at the hospital in Freising, southern Germany. LENNART PREISS | AFP | Getty Images Germany is set to decide on tougher Covid-19 restrictions and
In this article RKLB A look at the company’s production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center. Rocket Lab Rocket Lab CEO Peter Beck was once confident that his company would never reuse its rockets like Elon
In this article BNTX Visitors at the Christmas market in Dortmund, western Germany on November 22, 2021. Some of Germany’s federal states have canceled their Christmas markets due to the Covid crisis. Ina Fassbender | AFP | Getty Images Germany’s health minister has issued a stark warning to the country’s public, telling citizens that vaccination
The SpaceX Falcon 9 rocket and Crew Dragon capsule on launch Pad 39A at NASA’s Kennedy Space Center on November 09, 2021 in Cape Canaveral, Florida. Joe Raedle | Getty Images The leadership of SpaceX’s rocket business has been shaken up, CNBC has learned, as two vice presidents have parted with the company. The changes
With some 12 million people across more than 100 countries, the Filipino diaspora is one of the largest in the world. Yet the food of the Philippines isn’t as widely known as some Asian cuisines. Fans of the cuisine argue that adobo — chicken or pork braised in soy sauce, vinegar, garlic and peppercorn —
In this article GM WIX NFLX SQ NVDA The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters Earnings season is drawing to a close, and companies have offered investors and analysts insight into their plans for growth in the coming
Flight attendants wearing protective masks walk through Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, on Wednesday, April 7, 2021. Elijah Nouvelage | Bloomberg | Getty Images An accidental gun discharge at Hartsfield-Jackson Atlanta International Airport’s security screening area on Saturday afternoon led to all departing flights being briefly halted. The airport said on Twitter there
In this article DLTR People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Company: Dollar Tree Inc. (DLTR) Business: Dollar Tree operates discount variety retail stores. It operates through two segments: Dollar Tree and Family Dollar.
Loading chart… Desktop Metal: “OK now listen. This is really important: This is pure spec on 3D, but I happen to like it more than [3D Systems Corporation]. Why? Because it’s only a couple of bucks. Now, you can lose the whole thing, remember that. But I like the fact that it’s a pure spec.
In this article M0Y-DE A rendering of the company’s laser communications system on satellites in orbit. Mynaric German laser communications company Mynaric listed on the Nasdaq in the past week and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company’s U.S. debut and plans for further growth. The company raised $75.9
Indian start-up Mensa Brands has catapulted to billion-dollar unicorn status in just six months and, in a more rarified feat, is already profitable, its founder told CNBC. The direct-to-consumer brand aggregator this week became the fastest company in India’s history to hit the coveted threshold after closing its $135 million Series B funding round at
Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Jim Watson | AFP | Getty Images Jeff Bezos’ Blue Origin this fall raised its offer to cover NASA costs of an astronaut lunar lander by more
Prime Minister Alexander De Croo pictured during a press conference. HADRIEN DURE | AFP | Getty Images BRUSSELS — Belgium is toughening up social restrictions as Covid-19 cases surge, but Prime Minister Alexander de Croo tells CNBC the aim is still to keep society open. “It’s not the same virus anymore. This is a mutation
(Click here to subscribe to the new Delivering Alpha newsletter.) Private equity is one of the few asset classes that’s been able to outperform even public equities during the bull market. And the sector is reaping the benefits of that outperformance with 529 firms in the space raising an aggregate equity volume of $1.4 trillion over a
Rodolfo Parulan Jr. | Moment | Getty Images LONDON — The coronavirus pandemic grabbed the world’s attention in early 2020 and has failed to let go ever since, but U.K. experts are warning that antibiotic-resistant infections, often described as a “hidden pandemic,” should be the next big concern. One in five people in the U.K.