BTIG’s Julian Emanuel believes the Reddit frenzy will play a major role in a deep market sell-off this summer. On CNBC’s “Trading Nation” on Monday, Emanuel compared the current backdrop to late January when the mania was firing on all cylinders. Weeks later, wild swings pressured the major indexes as retail
A global shortage of semiconductors will continue to strain markets for months to come, Commerce Secretary Gina Raimondo said Monday. “For the next year or so, this will be a daily challenge,” Raimondo said on CNBC’s “Closing Bell.” The scarcity of chips, which are required for an ever-growing variety of
CNBC’s Jim Cramer blamed Monday’s stock market decline on messaging from the head of the U.S. Treasury. On Sunday, Secretary Janet Yellen told Bloomberg News that raising the interest rate would be positive for the country, should the Biden administration’s big spending plans help trigger some inflation in an expanding economy.
A sign warns consumers on the avaliability of gasoline at a RaceTrac gas station on May 11, 2021, in Smyrna, Georgia. Elijah Nouvelage | AFP | Getty Images WASHINGTON – U.S. law enforcement officials said Monday they were able to recover $2.3 million in bitcoin paid to a criminal cybergroup
The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines after the bell: Stitch Fix — Shares of
Insider selling activity at AMC Entertainment ramped up like never before during the recent explosive rally driven by enthusiastic retail investors. A total of seven insiders at the movie theater chain have sold a portion of their stakes since May 28 when the latest leg up began, selling in a
A SpaceX Falcon 9 rocket with a Dragon 2 spacecraft carrying supplies to the International Space Station lifts off from pad 39A at the Kennedy Space Center. This is the 22nd resupply mission for NASA by SpaceX. Paul Hennessy | LightRocket | Getty Images Salesforce CEO Marc Benioff said Monday