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Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
During the pandemic, mortgage rates plummeted below 3%, flooding the real estate market with homebuyers trying to snag a good rate. "Mortgage rates have trended down in the past couple of months," he says. So... [for] someone waiting for a 3% or 4% mortgage rate, it's not going to happen." For example, Rocket Mortgage is currently offering a mortgage rate buydown program called Inflation Buster. Evaluate whether you're buying for the right reasons and determine if you and your budget are ready for this important milestone.
Why do people buy crackpot conspiracy theories?
  + stars: | 2023-01-26 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +13 min
When it comes to the spread of cockamamie conspiracy theories, Twitter was a maximum viable product long before Elon Musk paid $44 billion for the keys. The more you think you're right all the time, a new study suggests, the more likely you are to buy conspiracy theories, regardless of the evidence. It'd be better, or at least more reassuring, if conspiracy theories were fueled by dumb yahoos rather than self-centered monsters. Still, most scientists thought conspiracy theories weren't worth their time, the province of weirdos connecting JFK's death to lizard aliens. Pennycook's findings also suggest an explanation for why conspiracy theories have become so widely accepted.
A drag artist who knew him in the mid-2000s told Insider Santos supported Brazil's left-wing president then. Rochard said Santos supported Lula and then "goes to the US and turns into this crazy thing there. They were all Lulistas and Anthony was too because he hung out with us," Rochard told Insider, using the name Rochard says Santos used in Brazil, "Anthony." Brazilian drag artist Eula Rochard holds a newspaper from 2008 that she says shows GOP Rep. George Santos in drag attire. Rochard met Santos when he was about 17 years old and said she used to catch Santos in "little white lies."
[1/2] The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. While BYD has not fully articulated its global ambitions in public, a concerted worldwide push has become the single most important strategic focus for China's biggest EV maker, four sources familiar with BYD management's thinking said. "BYD is taking a cautious approach to the U.S.," the person said. "I would say BYD at this point is already better positioned than Tesla in the EV era." "America is going to be a key, key part of this global push strategy," one said.
Takeaway: This movie shows the effect money, greed and power can have on relationships. "The Social Network" (2010)"The Social Network" shows us that business success requires more than just a great idea. "Becoming Warren Buffett" (2017)In this documentary, Warren Buffett reveals his day-to-day, and his two most important investing rules. Takeaway: This movie shows how two young men were pitted against each other, striving to grow in a cut-throat business. I've found myself feeling motivated after watching a great film with lessons I can transpose to my entrepreneurial journey.
Tesla shares tumble following deliveries report
  + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.nbcnews.com   time to read: +3 min
Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Those more recent estimates were in line with a company-compiled consensus distributed by Tesla investor relations Vice President Martin Viecha. Some Wall Street analysts think Tesla’s deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023.
Tesla shares tumble 10% following deliveries report
  + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +3 min
Shares of Tesla dropped 10% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts' estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Some Wall Street analysts think Tesla's deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023. "We believe key debates from here will be on whether vehicle deliveries can reaccelerate, margins and Tesla's brand," the analysts said.
Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 millionDeliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year. In its third-quarter shareholder presentation, Tesla wrote: "Over a multi-year horizon we expect to achieve 50% average annual growth in vehicle deliveries. Shares of Tesla started to rise again in the final days of December 2022, in anticipation of record fourth-quarter and full-year deliveries.
Tesla stock is on pace for its worst year on record as trading in 2022 comes to a close. Shares sank about 65% from the start of the year, amounting to a loss of more than $700 billion in market value. Investors have sounded the alarm on slowing demand and vehicle production, a sluggish market share in China, Fed rate hikes, and CEO Elon Musk's takeover of Twitter. The Tesla stock sell-off far outpaced the losses of major indices including the S&P 500 and the tech-heavy Nasdaq, which plunged 20% and 33%, respectively, for the year. "Don't be too bothered by stock market craziness.
Wall St ends firmer, growth stocks lead in thin trading
  + stars: | 2022-12-29 | by ( Echo Wang | ) www.reuters.com   time to read: +3 min
All 11 S&P 500 sector indexes rose, with communication service (.SPLRCL) and technology (.SPLRCT) as the biggest winner with gains of nearly 3%. The Fed's aggressive interest rate hikes have hammered equities this year, with the benchmark S&P 500 (.SPX) shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%. Tesla Inc (TSLA.O) shares rose after Chief Executive Elon Musk told staff they should not be "bothered by stock market craziness." For 2022, Tesla's 66% slump and Amazon.com's 50% drop played a big part in the S&P 500 consumer discretionary sector's 38% loss. The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 new lows.
All the major S&P 500 sector indexes rose, with consumer discretionary (.SPLRCD) and technology (.SPLRCT) leading the pack with a near 3% rise. The Fed's aggressive rate hikes have hammered equities this year, with the benchmark S&P 500 (.SPX) shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%. The CBOE Volatility index (.VIX), known as Wall Street's "fear gauge", slipped, signaling an easing in investor anxiety. Tesla shares (TSLA.O) rose 8.3% after Chief Executive Elon Musk told staff they should not be "bothered by stock market craziness". The S&P index recorded no new 52-week highs and no new lows, while the Nasdaq recorded 40 new highs and 117 new lows.
All the major S&P 500 sectoral indexes rose, with consumer discretionary (.SPLRCD) and information technology (.SPLRCT) up 1.8% and 1.9%, respectively. The U.S. Labor Department's report showed initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24. The report hinted at some softening in an otherwise tight labor market, bolstering hopes that the U.S. central bank would dial down its aggressive monetary policy stance. "Signs of the job market beginning to weaken is certainly apparent," said Peter Cardillo, chief market economist, Spartan Capital Securities LLC. A strong labor market and resilient American economy have fueled worries that interest rates could stay higher for longer even though easing inflationary pressures keep alive hopes of smaller increases.
Initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, the Labor Department said. The report suggested that the rapid interest rate hikes were starting to take a toll on the labor market, bolstering hopes that the U.S. central bank would dial down its aggressive stance. "Signs of the job market beginning to weaken is certainly apparent," said Peter Cardillo, chief market economist, Spartan Capital Securities LLC. ET, Dow e-minis were up 172 points, or 0.52%, S&P 500 e-minis were up 29 points, or 0.76%, and Nasdaq 100 e-minis were up 116.25 points, or 1.08%. Reporting by Ankika Biswas and Amruta Khandekar in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees not to be “too bothered by stock market craziness.”Musk circulated the comments on Wednesday in a companywide email, which CNBC obtained. Tesla shares have declined about 68% for the year, though they rose 3.3% on Wednesday to $112.71. The stock is down 42% in December, and is poised to close out its worst month, quarter and year on record. In the email, Musk thanked Tesla employees for their work in 2022, encouraged them to push hard for a strong fourth-quarter finish, and asked them to “volunteer to help deliver” cars to customers before midnight on Dec. 31, if at all possible. The Tesla and SpaceX CEO sold tens of billions of dollars worth of shares in his electric vehicle company in 2022 to finance the $44 billion buyout of the social media company.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk to Tesla employees: Don't be bothered by 'stock market craziness'Tesla CEO Elon Musk told Tesla employees in an email that they should not be "too bothered by stock market craziness" as shares of the company are on pace for their worst year ever. CNBC's 'Squawk on the Street' team discuss.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMusk to Tesla staff: Don't be too bothered by stock market crazinessCNBC's Lora Kolodny reports on Elon Musk's recent note to staff at Tesla.
Dec 28 (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk told employees that they should not be "bothered by stock market craziness" after the company's shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk's distraction with running Twitter. In an email sent to staff on Wednesday and reviewed by Reuters, Musk said he believes that long term, Tesla will be the most valuable company on earth. Analysts expect Tesla to deliver 442,452 vehicles in the fourth quarter, according to Refinitiv data. Tesla has offered stock compensation for most employees including factory workers. "Btw, don't be too bothered by stock market craziness.
Still, Elon Musk told Tesla employees Wednesday not to be "bothered by stock market craziness." In an email to staff on Wednesday, Musk said he believes Tesla will be the most valuable company on Earth long-term, Reuters reported. Insider's Phil Rosen noted that Tesla was one of the worst-performing stocks on the S&P 500. Still, Tesla's chief executive Elon Musk told his employees not to be "bothered by stock market craziness" on Wednesday, according to a report from Reuters. The drop in Tesla's stock has been linked to concerns over softening demand for electric vehicles and Musk's distraction with Twitter.
Millennial Money founder Grant Sabatier thinks 2023 is going to be a great year to invest. A lot has changed since then, most notably the Covid-19 pandemic, which sent the stock market into freefall in March 2020. This year, however, stocks have been slipping again, recession fears continue to grow, and investors are increasingly scared of putting their money in the stock market. You can get really good deals on multi-family properties and on commercial warehouse space." His main takeaway is that, across the board, "there are going to be a lot of good deals and a lot of good value in 2023."
After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees not to be "too bothered by stock market craziness." Tesla shares have declined about 68% for the year, though they rose 3.3% on Wednesday to $112.71. The stock is down 42% in December, and is poised to close out its worst month, quarter and year on record. Here's the text of the email Musk sent to Tesla employees on Wednesday:From: Elon MuskTo: EverybodySubj. Thanks,ElonBtw, don't be too bothered by stock market craziness.
One expert wants people to know that the stock market is just one way of many to invest. Beef up your emergency fundNew Hampshire-based real estate investor Matt "Lumberjack Landlord" and his family. For him, that means investing in real estate, which he's been doing since he was 23 years old. "If you take your money and buy real estate, you'll never make 30 times or even five times your money in one day. Get creative when it comes to financing your investmentsSeattle-based real estate investor and co-founder of Evergreen Housing Network Ludomir Wanot.
Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Most campaigns will focus on discounts to customers or showcase the usefulness of a company’s products, he said. Under this form of marketing, ad firms generally get paid upon completion of a desired end, such as a sale or download. In short, consumers should expect less “vacuous virtue-signaling” from marketers in the coming months, according to Mr. Proulx. But these platforms’ very struggles could result in ad bargains for marketers, said Mr. Solomon of Therabody.
But Warren Buffett has no reason to be worried. Shares of Buffett’s Berkshire Hathaway (BRKB) are up about 5.5% in 2022. Berkshire has big stakes in Coca-Cola (KO) and Kraft Heinz (KHC), which are each up around 10% this year. Buffett turns 93 next August while Berkshire vice chair and long-time Buffett confidant Charlie Munger will celebrate his 99th birthday on New Year’s Day. Democratic Sen. Elizabeth Warren has introduced a bill with Republican Sen. Roger Marshall that would crack down on money laundering in the crypto world.
REUTERS/Evgenia NovozheninaSummarySummary Companies This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. But on March 25, just over a month after Russia sent tens of thousands of troops into Ukraine, Ovchinnikov created a new work, one that would place him in serious legal jeopardy. The mural fell afoul of new laws passed by the Russian government effectively criminalising opposition to the military campaign in Ukraine. For Ovchinnikov, opposition to the conflict in Ukraine is underpinned by a family history of Soviet-era repression. "This topic of political repression and the closed nature of this topic, the wiping of historical memory, is one and the same thing as what is happening with Ukraine," Ovchinnikov said.
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