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☆ Jim Cramer says interest rate worries helped bring on Tuesday's end of April sell-off
▼ + stars: | 2024-04-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a generally rough April, CNBC's Jim Cramer parsed Tuesday's market action, telling investors that anxiety about interest rates is a major reason stocks fell at the end of the month. All three broke a five-month winning streak, and the Dow Jones Industrial Average saw its worst monthly performance since September 2022. Cramer emphasized that much of Wall Street's attitude hinges on rate decisions made by the Federal Reserve, whose two-day meeting ends Wednesday. Cramer pointed to a survey released on Tuesday that suggested consumer confidence dropped to its lowest level since July 2022. Tuesday also saw data from the latest Chicago Purchasing Managers' Index, which could signal a weakening economy, Cramer added.

Persons: CNBC's Jim Cramer, Cramer, we've, who're, Jerome Powell, Jay Powell Organizations: Dow Jones, Federal Reserve, Chicago

☆ Jim Cramer’s guide to investing: What do you do with a hot stock?
▼ + stars: | 2023-12-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Sooner or later, virtually all hot stocks implode, said CNBC's Jim Cramer. And according to him, it's important for investors to know when to cash in before that happens. By hot stocks, Cramer means speculative companies with relatively low market capitalization that are risky, but have the potential for high reward. These hot stocks can come out of nowhere, attract more and more attention, but will eventually get tapped out once all of the interested investors have bought shares, he added. "Eventually everyone who wants a piece of the stock has a piece of it," he said.

Persons: Jim Cramer, Cramer

☆ Cramer on Monday's market action: Some investors are headed for a 'nasty hangover'
▼ + stars: | 2023-12-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

"I saw a hammered market, a market where the buyers have gotten drunk as a proverbial skunk, buying the worst of the worst," he said. But as the mini banking crisis receded, the market broadened out and investors "collectively got a nice buzz going," Cramer said. They looked towards other sectors with strong potential, buying shares of artificial intelligence companies, cybersecurity outfits and weight loss drug manufacturers, he said. But some overindulged, he said, and now the "hammered investors have taken over." "For those who're slamming them down now and buying stocks under the influence?

Persons: CNBC's Jim Cramer, Cramer, Estee Lauder Organizations: Wall, Moderna, Pfizer Locations: China

☆ An oligarch who predicted that Russia may run out of money next year is surprised the economy has held up so far
▼ + stars: | 2023-09-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Oligarch Oleg Deripaska told the FT he was surprised at Russia's economic resilience. Deripaska, who is worth $2.3 billion, said demand from the global south is supporting Russia's economy. It's an about-turn for Deripaska, who, in March, said sanctions-hit Russia may run out of money next year. Anton Siluanov, the country's finance minister, told the CGTV channel last month he expects the Russian economy to grow by at least 2.5% this year. "Out of the next billion people who're about to be born, 70% will be in this region," Deripaska told the FT. "Let's face reality.

Persons: Oligarch Oleg Deripaska, Deripaska, —, oligarch Oleg Deripaska, It's, Anton Siluanov, it's Organizations: Service, Financial, New York Times, International Monetary Fund, US, European Union, Russia Locations: Russia, Ukraine

☆ Around-the-World Itineraries on Private Jets for $120,000: Photos
▼ + stars: | 2023-09-20 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

TCS World Travel operates global group travels by private jet. Its recently unveiled 2024 and 2025 itineraries start at 16 days for $120,000. Travelers will get to fly on a 52-guest custom Airbus A321 with lie-flat seats and large bathrooms. Interest has been so high, luxury cruise lines like Regent Seven Seas and Oceania have seen strong or "record-breaking" booking success. But for wealthy travelers who're interested in traveling around the world but don't want to spend over 100 days at sea, there's another option: go by jet.

Persons: who're Organizations: Travel, Travelers, Service, Seven Locations: Wall, Silicon, Seven Seas, Oceania

☆ Jim Cramer’s guide to investing: Tune in to CEOs
▼ + stars: | 2023-08-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors they should pay close attention to what CEOs say about their companies. If CEOs say something negative, Cramer said its best to take their word for it instead of searching for justifications to keep owning the stock. Chief executives rarely admit when something is wrong, so when one actually preannounces a shortfall, Cramer suggests waiting at least 30 days before thinking about buying stock. At the same time, Cramer said he knows investors need to scrutinize everything CEOs say and take their commentary with a grain of salt. "Don't get me wrong, you can't just take everything that comes out of a CEO's mouth as gospel," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, it's, they've, Maya Angelou's, —

☆ Bad Real Estate Agents Are Costing Homebuyers Millions, Making Housing Market Worse
▼ + stars: | 2023-08-02 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

But lately, he's been having trouble squaring that passion with a growing problem: a glut of underqualified real-estate agents. "The general public deserves so much better than what the majority of real-estate agents provide." A threat to the industryThe vast majority of real-estate agents are independent contractors who rely on commissions. But despite the ease with which home shoppers can now browse homes online, buyers and sellers still see themselves as dependent on real-estate agents. And if those people don't have the ability to become a real-estate agent or a Realtor, then they lose their access to representation."

Persons: Bret Weinstein, he's, Weinstein, they're incentivized, It's, appraisers, they're, they'd, Lawrence Yun, Stephen Brobeck, Brobeck, Inman, that's, There's, Jessica Reinhardt, Reinhardt, bristled, who's, Reinhard, James Rodriguez Organizations: Realtors, Consumer Federation of America, National Association of Realtors, NAR, Consumers, CFA, Denver Metro Association of Realtors Locations: Denver, Texas, Massachusetts, Michigan, Pennsylvania

☆ How much of A.I. is just hype? A bull and a bear share their tips on how to invest
▼ + stars: | 2023-05-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But it's also had its detractors , and some analysts have warned of the risks of investing in AI. One example is Meta, which has jumped over 100% this year partly as a result of its pivot from the metaverse to AI, Dietze said. How to invest Dietze and Ware agree on one thing: Avoid investing in pure-play AI companies. For such larger tech companies, AI is only going to be a small part of total revenues and profits — so it's safer, although returns will be more muted, he said. Ware added, "Forget making bets on 'pure play' AI companies with no earnings, no moat, and now [higher] costs of capital.

☆ Meet a mom with $610,000 in student debt who still can't separate her balance from her ex-husband's 8 years after their divorce: 'This one thing is still holding me stuck to him'
▼ + stars: | 2023-05-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Dawn Rose, 53, has $610,000 in student debt after combining balances with her then-husband in 1999. They divorced in 2015, but Rose is stuck paying off her ex-husband's debt. After taking out student loans for four semesters of college, Rose said her husband — now ex-husband — was finishing his master's degree, which was also financed by student loans. Now Rose is stuck paying off $610,000 in student debt, per documents reviewed by Insider — the majority of which she said belonged to her ex-husband. Dawn Rose, 53, has $610,000 in student debt.

☆ Employee surveillance is on the rise — and that could backfire on employers
▼ + stars: | 2023-04-24 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

[Employee surveillance] has increased excessively over the last few years … largely under the guise of ensuring workplace safety and confidentiality and protecting the business. It therefore comes as no surprise that demand for employee monitoring software has skyrocketed since the pandemic. Veriato is one of many employee monitoring software companies worldwide whose sales boomed because of the pandemic. When you're looking at your contract, you're not looking for those clauses — you're looking at how much am I going to get paid? "When you're looking at your contract, you're not looking for those clauses — you're looking at how much am I going to get paid?

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

☆ People Can't Get Ozempic, New Weight-Loss Drugs Because of Broken Healthcare System
▼ + stars: | 2023-04-13 | by ( ) www.businessinsider.com time to read: +15 min

Wegovy is just one of a wave of revolutionary weight-loss drugs, which also includes the buzzy Ozempic, that represents a watershed moment for obesity treatment. Demand for weight-loss drugs is surgingDoctors and healthcare professionals searched for a healthy, safe, and effective weight-loss solution for years before the drugs, known collectively as GLP-1 agonists, exploded on the scene. If there is one key that could unlock access to expensive weight-loss drugs for Americans, it's Medicare. Expanding coverage for Ozempic and other weight-loss drugs for just a small segment of the population could cost Medicare up to $26.8 billion a year. Patients lose outYears from now, patients may have an easier time getting their hands on weight-loss drugs.

☆ 10 ways Tasers and stun guns can damage your body and brain, from twisted testicles to temporary memory loss
▼ + stars: | 2023-04-10 | by ( Kelly Burch | ) www.businessinsider.com time to read: +9 min

Tasers, AKA stun guns, cause your muscles to seize up, which can make them sore for days after. Police and law enforcement have been using Tasers, known generally as stun guns, since 1974 as a safer alternative to guns. Put another way, all Tasers are stun guns, but not all stun guns are Tasers. Stun guns make your muscles seize up like a Charley horseA police officer's painful reaction to being tasered during a training course on stun guns. Rarely, stun guns can severely harm kidney functionVery rarely, stun guns can cause a serious condition called rhabdomyolysis, AKA rhabdo, which can be fatal.

☆ I bought a $15,000 property to turn into an off-the-grid Airbnb 6 years ago. Now it rents for $1,250 per night — and it's done so well that I just quit my job.
▼ + stars: | 2023-01-09 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

Hillary Flur, 31, is the owner of an off-the-grid Airbnb in Joshua Tree, California. Then I heard about Airbnb, and I thought to myself: "I'm going to Airbnb my apartment so I can afford rent." Malek and I would work from Monday to Friday in our office, and then on the weekends we would drive out to Joshua Tree and start building. Since we started renting the property in late 2016, unique Airbnbs in Joshua Tree have grown in popularity. For people who're trying to do Airbnb in Joshua Tree now, it can be pretty hard to find something affordable.

Insider's rising stars of real estate span roles in leasing, affordable housing, and urban planning. We asked 20 of these young industry experts and innovators to offer predictions for 2023. 2022 wreaked havoc on the housing market: Mortgage rates rose at a fast clip, bidding wars cooled, the Airbnb market shifted, and some high-flying proptech darlings crashed back down to earth. Insider picked 30 rising stars of commercial and residential real estate who're transforming the way homes are sold and offices get built. Here are the predictions for 2023 from our rising stars:

☆ Jim Cramer says he expects 'many layoffs' at companies after Christmas
▼ + stars: | 2022-12-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. "I'm sure there'll be many layoffs after Christmas. Tech companies, whose astronomic growth in recent years has been derailed by the Federal Reserve's interest rate hikes, led last month's layoffs. Yet the total number of layoffs this year is the second lowest since the company started tracking the metrics in 1993. Cramer attributed the lack of job cuts to the fact that many companies have managed to stay afloat — a fact that could change next year.

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

☆ From 'labor hoarding' to layoffs: Get ready for a brutal U-turn in the job market
▼ + stars: | 2022-10-27 | by ( George Pearkes | ) www.businessinsider.com time to read: +9 min

This desire for positivity may explain the popularity of a hot, new theory about the job market: labor hoarding. A bet on the futureThe idea of labor hoarding is basically an assumption about the bet that companies are making on the future of the labor market and customer demand. Another helpful tool to see how businesses are adapting to the labor market is the Bureau of Labor Statistics' quarterly Business Employment Dynamics report. Instead, we're seeing a more-balanced response consistent with a tight labor market that is losing some steam. So when the real pain starts, there's a good chance the US will quickly shift from labor hoarding to layoffs.

☆ Amazon workers say minor aches suddenly became debilitating as they raced to meet speed targets
▼ + stars: | 2022-10-19 | by ( Katherine Long | ) www.businessinsider.com time to read: +21 min

At the DuPont warehouse, Amazon workers with such injuries took an average of 103 days to heal, Washington state found. Workers' compensation payouts to Amazon workers with musculoskeletal disorders are often in the tens of thousands of dollars — some exceed $100,000, data from Washington state shows. But because musculoskeletal disorders take months to develop and aren't as visible as other, more catastrophic injuries, even some Amazon workers write them off. Williams was out of work for more than 150 days because of her shoulder injury, internal Amazon injury logs show. The company needs to become "Earth's Safest Place to Work," Amazon's founder, Jeff Bezos, said in his final letter to shareholders last year.

☆ Rental red flags: Here's what to look for to avoid ending up with a 'nightmare' apartment
▼ + stars: | 2022-09-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Smith — who rented her apartment unseen before a cross-country move from Texas — told Insider she fell victim to misleading photos and an inaccurate description of her Manhattan apartment on a popular apartment hunting site. With Smith's story in mind, here are some key red flags to avoid during your search. The goal, according to Sanai, is to "pump the fear and pressure" prospective renters into signing a lease. Just because an apartment looks good at first glance doesn't mean you should submit an application right away. "You don't want to end up in a situation where you're tied to these people who're looking for any opportunity to get more money out of you," Smith told Insider.

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