Friday’s sharp decline for stocks, spurred by concerns over a new Covid-19 variant, is not a buying opportunity, according to CNBC’s Jim Cramer. “We’re going to wake up next week and find one [case] in this country, and I’m not going to recommend anyone buy anything today until we’re sure that isn’t going to happen.
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Health Deputy Minister Dr Joe Phaahla, September 02, 2020 in Springs, South Africa. OJ Koloti | Gallo Images | Getty Images South African Health Minister Joe Phaahla said Friday that other countries’ decisions to impose travel restrictions amid concerns over the detection of a heavily mutated variant of Covid-19 in his country is “unjustified.” “The
In this article ZM UAL NCLH RCL Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading Friday: United Airlines, American Airlines – Airline stocks were hit hard during Friday’s sell-off, as the new Covid variant
Registered Nurse Savanah Wagstaff watches as Aliza Burns, a nursing student at Brigham Young University–Idaho, treats a coronavirus disease (COVID-19) positive patient in his isolation room at Madison Memorial Hospital in Rexburg, Idaho, U.S., October 28, 2021. Shannon Stapleton | Reuters Global markets went into a tailspin Friday following news of a heavily-mutated Covid-19 variant
A safety staff member gets in a self-driving robotaxi on October 13, 2020, in Beijing, China, a few days after Baidu launched trial operations of its Apollo Robotaxi. Zhao Jing | Visual China Group | Getty Images BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech
RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Geneva, Switzerland, January 29, 2020. Denis Balibouse | Reuters The World Health Organization is monitoring a new variant with numerous mutations to the
Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s property sector continues to face pressure. Kaisa’s Hong Kong-listed
A technologist inspects a computer chip. Sefa Ozel | E+ | Getty Images GUANGZHOU, China — China’s technology sector has taken a wild ride over the past year, with regulations tightened, billions of dollars wiped off companies’ market value, and a continuing push from Beijing for technological self-sufficiency. Those are among the important themes that
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing rising labor costs, inventory issues, shopping costs and factory closures as challenges. Gap shares dropped
Senior doctor Thomas Marx puts on his personal protective gear (PPE) before he enters the room of a patient infected with the novel coronavirus (Covid-19) in an intensive care unit (ICU) at the hospital in Freising, southern Germany. LENNART PREISS | AFP | Getty Images Germany is set to decide on tougher Covid-19 restrictions and
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed on Tuesday night after tech shares sold off for the second day in a row, pressured by rising rates that gave a boost to
NASA’s Double Asteroid Redirection Test (DART) spacecraft is put in the nosecone of SpaceX’s Falcon 9 rocket in preparation for launch. Ed Whitma / Johns Hopkins APL / NASA Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning, sending the spacecraft on its
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday.
Loading chart… Ambarella: “I think you ought to sell half right here. Honestly, look, there’s some luck involved here because the stuff that they do, I think, is a little more commodity-oriented than a lot of people believe.” Loading chart… Cano Health: “Can you believe that stock? It’s down like 30%. It’s got very good
Lael Brainard, governor of the U.S. Federal Reserve, listens during an event sponsored by the Economic Club of New York in New York, U.S., on Tuesday, Sept. 5, 2017. Mark Kauzlarich | Bloomberg | Getty Images Lael Brainard is often the outlier. In her role as one of seven Federal Reserve governors, she’s made a
With some 12 million people across more than 100 countries, the Filipino diaspora is one of the largest in the world. Yet the food of the Philippines isn’t as widely known as some Asian cuisines. Fans of the cuisine argue that adobo — chicken or pork braised in soy sauce, vinegar, garlic and peppercorn —
A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures rose slightly in overnight trading on Sunday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street.
In this article APT-AU AFRM Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters As holiday shoppers gear up for celebrations, they’re preparing for a season that will look noticeably different than a year ago. Big parties with family and friends.