Basij paramilitary force speed boats are sailing along the Persian Gulf near the Bushehr nuclear power plant during the IRGC marine parade commemorating the Persian Gulf National Day in the south of Iran, on April 29, 2024.Nurphoto | Nurphoto | Getty ImagesAn escalating conflict in the Middle East has thrust the world’s most important oil artery back into the global spotlight.The Strait of Hormuz is widely recognized as a vital oil transit chokepoint. Situated between Iran and Oman, the waterway is a narrow but strategically important channel that links crude producers in the Middle East with key markets across the…
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Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health.The call is part of CCS Insight’s annual predictions report and if it came true, it would be the first new product from the Cupertino giant since the Apple Vision Pro headset launched this year.”Health has become a fundamental pillar for Apple. In fact, I would go so far as to say, at…
Jim Cramer is planning to stay in the game with Constellation Brands , despite a Wall Street firm moving to the sidelines on the Mexican beer importer. Bank of America on Monday downgraded the Modelo and Corona brewer’s stock to neutral from buy while slashing its price target to $255 a share from $300, implying just over 3% upside from Friday’s close. Shares of New York-based Constellation Brands fell 1.5% Monday, off their lows of the session. The stock is now up less than 1% year to date. The downgrade Monday arrived just days after Constellation Brands’ quarterly results once…
In the streets of Ginza district of Tokyo, Japan.Shiho Fukada | Bloomberg | Getty ImagesJapan’s inflation-adjusted wages fell in August after two months of increases during the summer bonus season, while household spending also declined, data showed on Tuesday, knocking chances of the central bank raising interest rates any time soon.Real wages in the world’s fourth-largest economy fell 0.6% in August from the same month a year earlier, according to the Ministry of Health, Labor and Welfare. That came after a revised 0.3% rise in July.Separate data showed household spending declining 1.9% from the year-earlier in August, potentially raising doubts…
The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. Greg Baker | Afp | Getty ImagesZheng Shanjie, chairman of China’s National Development and Reform Commission, on Tuesday pledged a raft of actions to bolster the country’s economy during a highly-anticipated press conference.But he stopped short of announcing any new major stimulus plans, underwhelming investors and weakening the rally in the mainland Chinese markets.China will speed up special purpose bond issuance to local governments to support regional economic growth, senior NDRC officials said.Zheng said ultra-long special sovereign bonds, totaling 1 trillion yuan, have been…
CNBC’s Jim Cramer told investors not to get caught up in downgrades or general trading on Wall Street, reiterating his stance that there’s merit to sticking with solid companies even if their share prices fluctuate.”When I look at the history of this incredible bull market—and it has been an incredible bull market—it’s littered with ‘buy-to-hold, hold-to-sell, buy-to-hold, hold-to-sell,’ these downgrades that scare you out of amazing stocks at levels that may temporarily be too high, but will recover later,” he said. “If you listen to the downgrades, though, you’ll never recover with it.”Cramer said Monday had a “ridiculous plethora of…
We do it every year.Alabama has only four possible losses on its whole schedule! It’ll be favored in every game the rest of the season!Missouri’s whole season comes down to only two games!Tennessee’s path to the Playoff is a cakewalk now! And every year, college football reminds us about the foolishness of making assumptions.A sport built around 18- to 22-year-olds’ performance from week to week is always going to invite variance, and now the sport is played with rosters that fluctuate wildly from season to season and teams fly thousands of miles across the country for conference games.We never learn to…
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City. Michael M. Santiago | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayStocks slumped on persistent fearsMajor U.S. indexes retreated on Monday. The S&P 500 lost 0.96%, the Dow Jones Industrial Average dropped 0.94% and the Nasdaq Composite slumped 1.18%. But Super Micro shares…
CNBC’s Jim Cramer on Monday explained why he’s staying optimistic on Netflix, examining the bull and bear cases for the streamer by reviewing two recent analyst notes.”Until we hear of anyone canceling their Netflix subscriptions, maybe because of price or about any real troubles with the advertising business … or about out-of-control costs in video games or live events — none of which have happened — then I think Netflix deserves the benefit of the doubt,” he said. “That’s why I’m sticking with the bullish side of this trade. The bear thesis, I don’t know; too hypothetical.”Cramer compared reports from…
The New York Knicks have a new star in the Big Apple after trading for four-time All-Star Karl-Anthony Towns. But don’t be surprised if their steady hand in the backcourt — point guard Jalen Brunson — leads the race for the NBA’s top individual honor.That’s just one of The Athletic NBA staff’s bold predictions for the 2024-25 season. Check out the rest:The Basketball 100The story of the greatest players in NBA history. In 100 riveting profiles, top basketball writers justify their selections and uncover the history of the NBA in the process.The story of the greatest plays in NBA history.Pre-orderAtlantic…
