Screeshot of Johanna Michely Garcia of MJ Capital Funding, sentenced Tuesday to 20 years in prison in Ponzi scheme. Source: MJ Capital A Florida woman who pleaded guilty for her role in a Ponzi scheme that raked in nearly $200 million was sentenced Tuesday to 20 years in prison. The woman, 41-year-old Johanna Garcia of … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market meanders: The stock market was having a choppy session after Monday’s all-time high close for the S & P 500 . The index has closed … Read more
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Apple is currently using Amazon Web Services’ custom artificial intelligence chips for services like search and will evaluate if the company’s latest AI chip can be used to pre-train its models like Apple Intelligence. Apple … Read more
Signage outside Intel headquarters in Santa Clara, California, on Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Intel is considering hiring an external candidate to replace ousted CEO Pat Gelsinger and has hired executive search firm Spencer Stuart to identify potential successors, according to people familiar with the matter, who requested anonymity … Read more
Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | AP Intel shares fell more than 6% on Tuesday, a day after the embattled chipmaker announced the ouster of CEO Pat Gelsinger, whose four-year tenure was … Read more
Hims & Hers Health (HIMS) is an online multi-speciality telehealth company that virtually connects consumers with licensed healthcare professionals. The company has made quite a bit of headlines since going public in 2021, producing highly volatile price trends that are certainly not for the ‘faint of heart’. We covered this name in this column back … Read more
Check out the companies making headlines in midday trading. U.S. Steel — Shares dropped 8.6% Tuesday, the day after President-elect Donald Trump said he would stop Japan’s Nippon Steel from buying the Pittsburgh steelmaker. The deal was first reached in late 2023, but has faced political and labor opposition since. AT & T — The … Read more
Honeywell ‘s new partnership with Canadian planemaker Bombardier makes it clear that the American industrial conglomerate’s aerospace business should be operating on its own, Jim Cramer said Tuesday. The news Club holding Honeywell and Bombardier announced a research-and-development collaboration on aircraft technology, including cockpit systems, engines, and satellite communications. Quebec-based Bombardier is known for its … Read more
It’s time to buy into the equal-weighted S & P 500 index. The S & P 500 Equal Weight Index might be the next big play ahead of 2025, as investors expect more sectors of the market, such as financials, will participate in the rally as opposed to the mega-cap leadership that dominated this year’s … Read more
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Banks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response to an impending regulation that most … Read more