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 Tuesday’s key moments. The defensives are the only place to be Semis and U.S.-China tensions Quick mentions: META, STZ 1. The defensives are the only place to be Stocks edged down Tuesday, while
Environment
In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Girette | Bloomberg | Getty Images Stellantis is turning to Australia as it
Mayor of Houston, Texas, Sylvester Turner speaks during a news conference at the 90th Winter Meeting of United States Conference of Mayors (USCM) on January 19, 2022 in Washington, DC. Alex Wong | Getty Images Houston Mayor Sylvester Turner this week described progress the city is making toward curbing planet-warming emissions and building storm resilient
Heidi Gutman | CNBC Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS’ “Face The Nation” Sunday that he predicts headline inflation “will probably come down to about 8%,” but that core inflation “is still going up.” Core inflation is what measures the
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. Stocks teeter Selling high, considering buying Quick mentions: LLY, COST 1. Stocks teeter Stocks swayed on Thursday after starting the week with sharp gains that puttered out by Wednesday. The
German Chancellor Olaf Scholz last week announced a package worth 200 billion euros ($198 billion) designed to help with soaring energy prices. The “defensive shield” includes a gas price brake and a cut in sales tax for fuel. Steffi Loos | Pool | Reuters Amid downbeat predictions of a recession in Germany and the wider
Zachary Bogue, co-managing partner for DCVC, speaks during the Future of Innovation: Spotlight on Artificial Intelligence Conference in San Francisco, California, U.S., on Thursday, June 22, 2017. The market for AI technologies is estimated to generate more than $60 billion in productivity improvements for U.S. businesses annually. Bloomberg | Bloomberg | Getty Images The Silicon
An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held on October 05, in Vienna, Austria. Joe Klamar | AFP | Getty Images Saudi Arabia’s decision to ally with
The Kremlin behaved “like a drug dealer” when it comes to Europe’s gas supplies, according to Poland’s Prime Minister Mateusz Morawiecki. “Initially the gas [from Russia] was supposed to be very cheap, but the real price of the gas we now know. The real price of the gas is also the blood of soldiers and
In this article GM XOM OXY DE Follow your favorite stocksCREATE FREE ACCOUNT A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transition, that bested ExxonMobil in a 2021 proxy contest upset
We’re selling 200 shares of Devon Energy (DVN) at roughly $70.39 each. Following Thursday’s trade, Jim’s Charitable Trust will own 300 shares of DVN, decreasing its weighting in the portfolio to 0.76% from 1.27%. Energy stocks, including Devon Energy, had another strong day Wednesday after OPEC and its oil-producing allies, known as OPEC+, said they will cut
OPEC and its oil-producing allies agreed Wednesday to their largest cut to daily crude output since the early days of the Covid-19 pandemic, a decision the Club took steps to prepare for earlier this week by paring our energy exposure. The Organization of Petroleum Exporting Countries and a group of partner producers led by Russia, together
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices
We’re selling 100 shares of Devon Energy (DVN) at roughly $68.48 each. Following Tuesday trade, Jim’s Charitable Trust will own 500 shares of DVN, decreasing its weighting in the portfolio to 1.24% from 1.48%. We’re making our second small trim — this time in Devon Energy — into Tuesday’s rally as we slowly begin the process of
In this article RWE-DE Follow your favorite stocksCREATE FREE ACCOUNT Jens Auer | Moment | Getty Images Energy firm Orsted is to continue or restart operations at three fossil fuel facilities after being ordered by Danish authorities to do so, as governments around Europe ready themselves for winter amid the energy crisis. In a statement
In this article RUN Follow your favorite stocksCREATE FREE ACCOUNT Solar panels may be the epitome of green hardware, but as the technology advances and more powerful panels take over the market, older panels are turning into harmful waste. Now one California-based startup, SolarCycle, is taking advantage of that waste by recycling components of the
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