CategoryBusiness

Cramer says stocks are ‘still badly oversold’ even after Wall Street’s big rally

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CNBC’s Jim Cramer said Thursday that trying to get into the mindset of the stock market “can be hard to fathom,” especially with Wall Street’s recent volatility on the developments surrounding the new omicron Covid variant. “Sentiment’s a fickle beast,” he added. The Dow Jones Industrial Average soared 617 points or 1.8% despite two more omicron cases being reported in the U.S. on Thursday while...

NFL suspends Antonio Brown, two others for lying about vaccine status

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Antonio Brown #81 of the Tampa Bay Buccaneers runs with the ball against Rodney McLeod #23 of the Philadelphia Eagles at Lincoln Financial Field on October 14, 2021 in Philadelphia, Pennsylvania. Mitchell Leff | Getty Images The NFL said Thursday that it had suspended Tampa Bay Buccaneers wide receiver Antonio Brown and two other players for three games without pay for lying about their Covid-19...

Kroger CEO Rodney McMullen says new cooking skills, bigger holiday gatherings are lifting grocery sales

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More Americans may have returned to the office, classroom and restaurants, but Kroger CEO Rodney McMullen said sales in recent months prove some stay-at-home trends are sticking. “An awful lot of customers learned how to cook and they really enjoy it,” he said Thursday on CNBC’s “Closing Bell.” “What they’re telling us is they like to eat healthy and they feel like they can eat healthier by...

NASA awards Blue Origin, Northrop Grumman and Nanoracks with contracts to build private space stations

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Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO Destinations (CLD) project, the agency announced on Thursday...

Stocks making the biggest moves midday: Kroger, Boeing, Dollar General and more

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A shopper holding an umbrella walks towards a Kroger Co. grocery store in Louisville, Kentucky, U.S., on Sunday, April 26, 2020. Stacie Scott | Bloomberg | Getty Images Check out the companies making headlines in midday trading Thursday. Kroger — Shares of Kroger ran up 12.5% after the grocery chain posted a better-than-expected quarterly report. The company reported earnings of 78 cents per...

Omicron Covid variant expected to hit New York in ‘coming days,’ NY health commissioner says

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A Covid-19 pop-up testing sits stands on a Manhattan street on October 26, 2021 in New York City. Spencer Platt | Getty Images The new, highly mutated omicron Covid-19 variant is expected to hit New York state in the “coming days,” the state health commissioner said Thursday. “We now have an exposure. We fully expect that it will be detected in the coming days.” said Dr. Mary Bassett, who stepped...

Here are some money-saving tips for re-stocking your wardrobe as you head back to the office

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Pavel Peskov / EyeEm | EyeEm | Getty Images The other day, combing through my old work wardrobe, I felt like an archeologist before ancient artifacts – I didn’t even remember some of the shirts and pants. Out of view from bosses and colleagues throughout the pandemic, I’ve interviewed sources in my bathrobe and worn the same sweatpants enough days in a row that the barista at my local coffee shop...

Enron turned obscure businesspeople into household names. Here’s where they are now

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The sudden collapse of Enron, culminating in what was then the largest bankruptcy filing in U.S. history on Dec. 2, 2001, changed thousands of lives, damaged investor confidence to the core and made household names out of previously obscure businesspeople. Many were dragged in front of congressional committees and berated in seemingly endless hearings. Some were later indicted, arrested and...

Covid hospitalizations from delta variant creep up again across America as omicron lands in U.S.

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Andrew Pawson, 30, a coronavirus disease (COVID-19) positive patient in recovery after spending over a month in isolation wards, holds the hand of his wife Isobel inside his room at Memorial Hospital in Rexburg, Idaho, U.S., October 28, 2021. Shannon Stapleton | Reuters Covid-19 hospitalizations are on the rise again across the nation, even as U.S. health officials grapple with the country’s...

China issues directive to bring Boeing 737 Max back to the skies after more than 2 years

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This photo taken on December 15, 2018 shows a Boeing 737 MAX 8 airplane delivered to Air China during a ceremony at Boeing Zhoushan 737 Completion and Delivery Center in Zhoushan, in China’s eastern Zhejiang province. STR | AFP | Getty Images Chinese aviation regulators on Thursday  instructed airlines to make the changes needed to fly Boeing’s 737 Max planes again, indicating the jets could soon...