Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media company

Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. jim watson | AFP | Getty Images Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after … Read more

Treasury yields invert ahead of Fed minutes

US Treasury yields inverted on Monday morning, with investors remaining focused on Federal Reserve policy, ahead of the central bank’s latest meeting minutes due out later in the week. The yield on the 2-year Treasury yield was up less than basis point to 2.4384 at 4:25 am ET, while the benchmark 10-year Treasury note rose … Read more

Asia-Pacific stocks mixed; mainland China markets closed

SINGAPORE — Shares in Asia-Pacific struggled for direction on Monday, as investors continue to monitor the US Treasury yield curve. The Nikkei 225 in Japan slipped fractionally as shares of Tokyo Electron dropped around 2%. The Topix index climbed about 0.1%. South Korea’s Kospi dipped 0.49%. Elsewhere in Australia, the S&P/ASX 200 rose 0.43%. MSCI’s … Read more

Stock futures are flat after S&P 500 notches third straight week of gains

Traders on the floor of the NYSE, March 25, 2022. Source: NYSE US stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones Industrial Average slide 14 points. S&P 500 futures were flat, while Nasdaq 100 futures declined … Read more

Sports fanatics should consider buying these three stocks, Jim Cramer says

CNBC’s Jim Cramer on Friday offered three stock picks for investors who dream of owning a professional sports team but can’t afford to pay up billions of dollars. “Owning the common stock won’t let you weigh in on the trades or attend the owners’ meetings, go through the draft — you’re very much along for … Read more

Cramer’s week ahead: Brace for negativity

CNBC’s Jim Cramer on Friday advised investors to brace themselves against Wall Street’s negativity next week as concerns over a possible recession mount. “I do believe that our economy’s headed for a slowdown — that’s just what rate hikes do. But a slowdown doesn’t necessarily translate into a horrific, crash-landing recession. … There are many … Read more

GameStop, Apple, BlackBerry and more

Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket. Apple (AAPL) … Read more

Treasury yields invert stoking recession fears

5-year and 30-year US Treasury yields inverted once again on Friday morning, stoking fears that a recession could be in the cards. The yield on the 5-year Treasury bond had jumped 11 basis points to 2.5318% at 4:30 am ET, while the rate on the 30-year Treasury bond had jumped 6 basis points to 2.5144%. … Read more

Jim Cramer says one of these red-hot stocks is a maybe, the other is a miss

CNBC’s Jim Cramer on Thursday broke down why Alto Ingredients is a risky buy while Gladstone Land is a complete miss. “You have my blessing to swing at Alto Ingredients for speculation, but Gladstone Land is coming in way too hot,” the “Mad Money” host said. Alto Ingredients stock fell 0.15% on Thursday to $6.82, … Read more

2-year Treasury yield tops 10-year rate, a ‘yield curve’ inversion that could signal a recession

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, March 7, 2022. andrew kelly | Reuters The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon. The bond … Read more