Business

The stock market was due for this sell-off, but the Federal Reserve certainly had a hand in kickstarting the pain, Cramer said Friday. “That’s exactly what happens when the chairman of the Federal Reserve tells us he may need to overshoot with his rate hikes to ensure inflation is kept in check,” he said. Cramer
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Elastic, a company that commercializes open-source software for search and data analytics, saw its stock soar as much as 104 percent on Friday, its first day of trading on the New York Stock Exchange, under the symbol ESTC. The performance is more dramatic than some other initial public offerings from technology companies in 2018, including
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In a broad-based sell-off of this magnitude, investors have to be prepared to wait and see how low stocks can actually go, CNBC’s Jim Cramer said on Thursday. “At moments like this, you need some touchstones to figure out when the pain is likely to end,” the “Mad Money” host said. “This is not the
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As the job market tightens, smaller businesses are being forced to simplify the hiring process to attract workers, Marty Mucci, the president and CEO of payroll and human resources outsourcing giant Paychex, told CNBC on Tuesday. “We are definitely seeing smaller businesses, mid-sized businesses that are starting to even waive some of the drug-testing requirements
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Contrary to what many believe, former General Electric CEO John Flannery wasn’t removed by the ailing industrial’s board because of the pace of his planned turnaround, CNBC’s Jim Cramer said Tuesday. “It wasn’t about speed,” the “Mad Money” host argued. “It was about the charges, the unexpected charges that, quite frankly, shouldn’t have been unexpected.”
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Retailers, take notice: Shopping is moving to mobile, especially for younger customers. This holiday season, Gen Z shoppers, or those people between the ages of 17 and 22, are expected to be browsing their Instagram and Snapchat accounts on their cell phones more than their computers in search of the perfect gifts — both for
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Monzo has won over an increasing number of plaudits, and customers, since setting up business in 2015. And now the start-up challenger bank has topped LinkedIn’s “Top 25 U.K. Start-Ups” rankings for the second-year running. Other companies in the financial sphere to make the list’s top 10 include Revolut and ClearBank. To be eligible, businesses
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As China becomes more active in artificial intelligence, the U.S. should double the amount it spends on research in the field, says investor and AI practitioner Kai-Fu Lee, who has worked for Google, Microsoft and Apple. The comments come after various parts of the U.S. government have made AI announcements, even as the U.S. overall
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PepsiCo: Snack and beverage giant PepsiCo’s Tuesday earnings report will be a “bittersweet moment” for Cramer as longtime CEO Indra Nooyi prepares to step down from her post the following day. “Indra reinvented the company, transforming it from a carbonated soda and salty snacks business into a more diversified operation with many healthy offerings. I’ve
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Walgreens Boots Alliance said Friday it agreed to pay a $34.5 million fine to settle an investigation by the Securities and Exchange Commission. In settling, Walgreens neither admits nor denies the allegations. The SEC was investigating whether the drugstore chain’s former chief executive and former chief financial officer failed to provide adequate warning about the
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REUTERS/Jim Bourg Facebook policy head Joel Kaplan (circled) listens to testimony of Brett Kavanaugh before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., September 27, 2018.  Facebook’s head of policy, Joel Kaplan, was sitting in the U.S. Senate gallery Thursday behind Judge Brett Kavanaugh as he responded to allegations of sexual
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