CNBC’s Jim Cramer said that dominant U.S. companies are further solidifying their positions during the coronavirus pandemic, evidenced by the Nasdaq 100 being almost even for the year. “This is the big triumphing over the little guy and if you don’t mind making money in the market off that, that’s what’s going on,” Cramer said on “Squawk on the
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An exterior view of the building of the International Monetary Fund (IMF), with the IMG logo, is seen on March 27, 2020 in Washington, DC. OLIVIER DOULIERY The global economy will this year likely suffer the worst financial crisis since the Great Depression, the International Monetary Fund said Tuesday, as governments worldwide grapple with the
A pedestrian walks past a branch of ICICI Bank Ltd. in Mumbai, India, on Saturday, Oct. 19, 2013. Dhiraj Singh | Bloomberg via Getty Images Big bank stocks in India are falling like nine pins. Some investors believe that the gloominess might be overdone. Shares of private sector banks have had a wretched run of
JPMorgan kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly. But there’s some good news: 1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and has encouraged companies to provide forward-looking guidance, and not be concerned that the information may change rapidly.
Mark Cuban, entrepreneur and owner of the Dallas Mavericks, speaks at the WSJTECH live conference in Laguna Beach, California, October 21, 2019. Mike Blake | Reuters Billionaire entrepreneur Mark Cuban said Monday the recently launched small business loan program has been beset by challenges that could impact the long-term outlook for companies. “Banks are playing themselves. They’re