Markets

Jim Cramer’s Investing Club meeting Thursday: Fed caution, Humana news

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. Be cautious about Fed news We trimmed our position in COST Humana raises its guidance 1. Be cautious about Fed news Stocks fell on Thursday as the Street awaits Friday’s …

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Jim Cramer’s top 10 things to watch Thursday: Inflation, Salesforce

My top 10 things to watch Thursday, Dec. 1, 2022 1. New, seasonably bullish month starts higher after Wall Street closed out a strong November with a powerful Federal Reserve-driven rally Wednesday. Fed Chairman Jerome Powell says smaller interest rate hikes ahead are likely after four straight 75-basis-point increases. That’s despite Powell also adding he …

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Key inflation measure that the Fed follows rose 0.2% in October, less than expected

Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday. The core personal consumption expenditures price index, a measure that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% …

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Designer Brands, Lands’ End, Salesforce and more

Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Bryan Bedder | GettyImages Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear retailer’s shares slid 15.6% in the premarket after it …

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Designer Brands, Lands’ End, Salesforce and more

Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Bryan Bedder | GettyImages Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear retailer’s shares slid 15.6% in the premarket after it …

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Amazon CEO says Prime could become a ‘standalone business’

Amazon (AMZN) could potentially spin off its Prime streaming unit as a separate company, CEO Andy Jassy said Wednesday. During a wide-ranging interview at the New York Times’ DealBook Summit, Jassy said that “overtime we have opportunities to make our Prime video business a standalone business that has very attractive economics.” Jassy also defended the …

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Stock futures tick higher after Wednesday’s rally

Stock futures ticked higher in early Thursday trading. Futures tied to the Dow Jones Industrial Average added 23 points, or 0.07%, while those tied to the S&P 500 and Nasdaq 100 gained 0.22% and 0.24%, respectively. Salesforce’s stock shed 6% in extended trading on news that co-CEO Bret Taylor is stepping down. Snowflake shares tumbled …

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South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state’s sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. …

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Use Wednesday’s rally to reposition into profitable stocks

CNBC’s Jim Cramer urged investors to use the market’s rally on Wednesday to recalibrate their portfolios. “Use this moment to pivot yourself. Get out of the stocks I’ve been railing against for a full year,” he said, adding, “Get into the stocks of companies that make things and do stuff at a profit and return …

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