Jim Cramer at the NYSE, June 30, 2022.Virginia Sherwood | CNBCCNBC Jim Cramer said Thursday that long-term investors must steel themselves as the stock market tanks on President Donald Trump’s sweeping tariff announcement.During “Squawk on the Street,” Cramer said, “If you were OK in 2007 and 2008, it came back,” referring to the financial crisis and how the market did eventually recover.”It did take until 2013 to get the money back,” Cramer said, acknowledging that investors who need their money now, such as retirees or those nearing retirement, are “in limbo.””But don’t sell, just hold,” Cramer concluded. In fact, following…
Author: usaeverydaylife
Jaque Silva | Nurphoto | Getty ImagesYouTube on Thursday announced new video creation tools for Shorts, its short-form video feed that competes against TikTok. The features come at a time when TikTok, which is owned by Chinese company ByteDance, is at risk of an effective ban in the U.S. if it’s not sold to an American owner by April 5.Among the new tools is an updated video editor that allows creators to make precise adjustments and edits, a feature that automatically syncs video cuts to the beat of a song and AI stickers.The creator tools will become available later this spring,…
It’s time to check in with NFL executives for thoughts on the biggest and most interesting moves NFC teams made — or have not yet made — in free agency.The once-sleepy Chicago Bears might have won the offseason, drawing positive reviews. The Minnesota Vikings remain the most intriguing team as ownership tries to downplay uncertainty over the general manager’s future. The San Francisco 49ers cleared the decks for a possible Brock Purdy contract, while the Washington Commanders loaded up in the absence of an expensive QB. The New York Giants tipped their hand in the draft, while the Seattle Seahawks…
The sweeping tariffs that President Trump announced on Wednesday could hobble the use of giant batteries that energy companies are increasingly installing to help them tap more wind and solar power and make the broader electric grid more reliable.Over the past five years, grid batteries have become one of the biggest growth industries in the U.S. energy sector. In states like Texas and Arizona, companies have been installing stacks of lithium-ion cells the size of shipping containers. They can soak up excess wind and solar energy and save it for when it’s needed. In California, the use of batteries to…
Retailers that moved their supply chains to Vietnam from China in a bid to avoid a trade war between the U.S. and Beijing are now facing a heavy blow as President Donald Trump imposes a 46% tariff rate on Hanoi. Vietnam became a popular alternative for low-cost manufacturing in recent years as companies sought to minimize trade risk with China. Imports from Vietnam totaled $136.6 billion in 2024, reflecting a 19.3% increase from a year earlier, according to the Office of the U.S. Trade Representative . However, the new duties on imports from Vietnam could translate into higher costs for…
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 Thursday’s key moments. 1. Stocks plunged Thursday morning in response to President Donald Trump ‘s new round of tariffs on American trading partners. The various duty rates facing imports from countries including China, Vietnam, and Cambodia are much higher than anticipated. Jim Cramer and Director of Portfolio Analysis Jeff Marks both agreed that labeling these “reciprocal tariffs” doesn’t quite capture the situation, given the formula that was used to calculate the duty levels. Jeff pointed out that the…
Romain Costaseca | Afp | Getty ImagesAs crypto prices rallied to record highs last year, venture investors piled into new bitcoin-related startups.The number of pre-seed transactions in the market climbed 50% in 2024, according to a report published Thursday from Trammell Venture Partners. The data indicates that more entrepreneurs entered the bitcoin arena despite a cautious funding environment for the broader tech startup universe.Bitcoin more than doubled in value last year, while ethereum rose by more than 40%. Early in the year, the Securities and Exchange Commission approved exchange-traded funds that invest directly in bitcoin and then extended the rule…
When it comes to stopping a scorer in a one-on-one situation, NHL goalies are better than they’ve ever been.The league-wide save percentage has dipped in recent years — steadily declining from .910 in 2019-20 to .900 this season — as offensive strategies improve and shooters find ways to beat goalies with screens, deflections and backdoor plays. Beating a goaltender with a clean shot has become incredibly difficult.Listen to the dressing room conversations after a team is shut out. You’ll hear players and coaches parrot the same reasons for the lack of goals.“We needed more bodies in front of the net.”“We…
U.S. President Donald Trump stands, after delivering remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Leah Millis | ReutersGlobal markets, businesses and long-standing geopolitical relationships were thrown into disarray on Thursday, the day after U.S. President Donald Trump’s tariff policy — and Europe was not spared from the chaos.The European Union has been hit with 20% duties, while the U.K. was hit with a lower 10%, benefiting from its more balanced U.S. trade relationship. All eyes will now be on how far policymakers will go in their response, and how deeply the conflict can escalate.Most…
HSBC sees limited upside potential ahead for artificial intelligence darling Nvidia . Analyst Frank Lee downgraded shares of the chipmaker to hold from buy and cut his price target by $55 to $120, reflecting only more than 8% upside ahead, as of Wednesday’s close. “We expect Nvidia to deliver YoY sales growth of 62% and EPS growth of 58% in FY26e, while the current FY26e [price-to-earnings ratio] of 23x also does not look demanding to us,” Lee wrote in a note on Thursday. “However, we now expect to see limited upside potential going forward given limited room for significant earnings…
