“The charts, as interpreted by Larry Williams, suggest that Christmas is not going to be canceled for Wall Street,” Cramer said.
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EV maker Lucid closes $1.5 billion raise from the Saudi public wealth fund and other investors
Electric vehicle maker Lucid Group said it has completed a planned $1.5 billion equity offering.
Continue reading2022 didn’t go as expected for bank investors. How to avoid pitfalls in the sector in 2023
Banks finally got a long-awaited boost to interest rates this year after a decade of toiling in a low-rate environment. It didn’t go as planned.
Continue readingFew stores closed in 2022. UBS says get ready for that to change in 2023, starting with department stores
Challenging store traffic trends, weak sales and pressured margins will be the catalysts for store closures to rise once again, UBS said.
Continue readingMillionaire investors haven’t been this bearish since 2008
Rich investors are betting on double-digit declines in stocks next year, according to the CNBC Millionaire Survey.
Continue readingAdults are buying toys for themselves, and it’s the biggest source of growth for the industry
“Kidults” are responsible for one-fourth of all toy sales annually, around $9 billion worth, as they buy everything from Star Wars to Lego products.
Continue readingInside the largest mansion for sale in Malibu, going for $58.8 million
The six-bedroom, 10-bath home is built around an open-air courtyard with lush palms and a koi pond.
Continue readingJim Cramer’s Investing Club meeting Monday: Industrials, buying tech, Eli Lilly
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
Continue readingGoldman Sachs says this little-known biotech stock can jump more than 50%
Analyst Chris Shibutani initiated the stock with a buy rating, saying the company has a promising new oral treatment in development for plaque psoriasis.
Continue readingMillionaires plan to cut their holiday spending due to inflation
Millennial millionaires are the most likely to cut back on spending as a result of inflation, with 100% saying they plan to spend less.
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