CNBC’s Jim Cramer on Wednesday gave investors his read on the future of TikTok, saying the popular app faces a contentious battle even up against a conservative-leaning Supreme Court.”Here we are almost nine months later, and it seems like the only real way to stop the TikTok ban is if they win this case before the Supreme Court,” Cramer said. “Given that this isn’t a straightforwardly partisan issue…I think, well, let’s just call it anybody’s ballgame.”Last April, President Joe Biden signed a bill that said TikTok would be banned by Jan. 19 of this year unless its Chinese owner, ByteDance,…
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China’s consumer price inflation in December slipped to 0.1% year on year, data from the National Bureau of Statistics showed Thursday, stoking deflation concerns.Growth in headline inflation was in line with Reuters estimates, but less than the 0.2% rise in November. Core CPI, which excludes food and energy prices, rose 0.4% year on year compared with 0.3% rise in the previous month, the data showed.On a month-on-month basis, China’s CPI came in flat, compared with the 0.6% decline in the prior month.Food prices declined by 0.6% month on month as a result of conducive weather conditions, official statistics showed. The prices of fresh…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyThe ‘Fast Money’ traders discuss bond yields climbing and what it is signaling about the economy and how it is impacting the markets.03:275 hours ago Source link
United States Supreme Court Associate Justice Samuel Alito poses for an official portrait at the East Conference Room of the Supreme Court building on October 7, 2022 in Washington, DC. Alex Wong | Getty ImagesJustice Samuel Alito confirmed Wednesday that he took a phone call from Donald Trump one day before the president-elect asked the Supreme Court to halt his upcoming sentencing, but insisted that the case was not discussed.Alito said in a statement that they spoke Tuesday afternoon after one of his former law clerks, William Levi, “asked me to take a call from President-elect Trump regarding his qualifications to serve…
A 23-year-old man who became lost in the Australian wilderness while hiking was found alive by other hikers on Wednesday after living for nearly two weeks on two granola bars and on water from rivers and creeks, the authorities said.The man, Hadi Nazari, was hiking in Kosciuszko National Park, about 240 miles south of Sydney, when he became lost on Dec. 26, a holiday called Boxing Day in Australia, according to a news release from the New South Wales police.Two of Mr. Nazari’s friends called the police around 8:45 p.m. on Dec. 26 after he failed to arrive at a…
GE HealthCare Technologies may be too good of a bargain to pass up, according to Jefferies. The firm upgraded the health care stock to buy from hold and raised its price target to $103 per share from $95. Jefferies’ forecast calls for about 24% upside from Tuesday’s close. “GEHC has a renewed focus on growth and margin expansion through differential organic and inorganic investment,” analyst Matthew Taylor said. “This could be helped by healthy market growth, with GEHC having leading positions in Dx imaging (Ultrasound, Patient Care Solutions (PSC) and Pharm Diagnostics (PDx)).” GEHC YTD mountain GE HealthCare stock. Taylor noted…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyLawrence Golub, CEO of Golub Capital, joins ‘Fast Money’ to talk what its research is showing about middle market companies.06:153 hours ago Source link
Cars destroyed by the Eaton Fire sit in the parking area of a burned auto shop on Jan. 8, 2025 in Altadena, California. Justin Sullivan | Getty ImagesU.S. private forecaster AccuWeather said on Wednesday that estimated damage and economic loss from the California wildfire, already one of the worst in history, is over $50 billion at a preliminary level.Raging wildfires in Los Angeles killed at least two people, destroyed hundreds of buildings and stretched firefighting resources and water supplies since they began on Tuesday, with fierce winds hindering firefighting operations and fueling the fires.AccuWeather, which estimates the loss between $52 billion and $57 billion, added that if the fire spread to…
Customers shopping for vegetables at a supermarket in Nanjing, China.Nurphoto | Nurphoto | Getty ImagesAsia-Pacific markets tumbled Thursday following a choppy session on Wall Street as the Federal Reserve meeting minutes signaled interest rates could stay higher for longer due to sticky inflation.Investors in Asia also await China’s inflation data for December. Economists polled by Reuters expect growth in consumer prices to have remained near zero, while producer prices are estimated to have continued to slide.Japan’s benchmark Nikkei 225 slipped 0.14% and the Topix fell 0.29%.Australia’s S&P/ASX 200 edged down 0.63%.South Korea’s Kospi index fell 0.1%, while the small-cap Kosdaq slid…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 eked out a narrow gain on Wednesday, and what’s on the radar. The New York Stock Exchange is closed on Thursday in honor of late former President Jimmy Carter. The bond market is open until 2 p.m. ET. The banks Thanks to CNBC’s data man Nick Wells for putting this one together. The SPDR…
