Author: News Room

The male-dominated sports media apparatus is stumbling over Caitlin Clark. It is trying to pretend that it hasn’t ignored the WNBA for decades until the superstar rookie came along. But rather than admitting its blind spots, several male commentators are parachuting themselves into a league they barely understand and dismissing anyone who suggests they could do better. It’s getting ugly. In the flurry of hot takes that followed Chennedy Carter’s foul against Clark over the weekend, ESPN host Pat McAfee went on his show Monday to argue that Clark — whom he casually called the “White b*tch for the Indiana team” — was singularly responsible for the sudden surge of…

We are buying 50 shares of Stanley Black & Decker at roughly $83.89. Following the trade, Jim Cramer’s Charitable Trust will own 890 shares of SWK, increasing its weighting to 2.33% from 2.20%. Shares of the toolmaker fell Tuesday after Barclays downgraded its rating to equal weight from overweight and cut its price target to $86 from $100. The analyst left its 2024 earnings-per-share estimate unchanged at $3.73 but lowered its 2025 estimate by 12 cents to $4.82, well below the consensus estimate of $5.48. Barclays said the stock needs to have “very rapid” earnings revisions to work, noting that…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Shift to defense: Usually, the market likes falling Treasury yields and stocks rally with bonds. Lower rates can make dividends look more attractive on a relative basis and expand the multiples investors are willing to pay for stocks. But that’s not what’s playing out Tuesday. The market is mixed with a…

Real estate mogul Shawn Meaike believes young Americans looking to purchase their first home need to prioritize discretionary income in the current climate of sky-high interest rates.  “If you become locked to your home, and you can’t afford to do anything else, that’s not a good purchase,” Meaike told Fox News Digital. Meaike believes potential homeowners need to make sure they’re comfortable with the amount of discretionary income that would be available on a monthly basis if they take the leap.  “What makes me nervous in today’s world is how many people have literally shackled themselves to their home. They can’t…

Saving for retirement requires dedication and time. During those years, however, market movements will make significant jumps that you can then celebrate. And we’re in the middle of such a shift. A recent Fidelity study highlights this very fact. According to a review of Fidelity 401(k) accounts, the number of participants with more than $1 million in assets within the account has increased by 15% in the first quarter of 2024, compared to end of 2023. This is a result of the market moving forward – it’s up 11% through 2024 and 25% over the past year. All-in-all, the number…

Dr. Anthony Fauci, the former director of the National Institute of Allergy and Infectious Diseases, testified on Monday at a House subcommittee hearing about the US response to the Covid-19 pandemic and the origins of the virus. The hearing was Fauci’s first public testimony on Capitol Hill since his retirement from government service. It turned contentious at times as Republicans grilled Fauci over a wide range of topics, including the basis for public health recommendations during the pandemic and email use by public health officials. Here are key takeaways from the hearing: US still needs to close communication gaps to…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in GameStop surged more than 60 per cent early on Monday after a post on Reddit purported to show that Keith Gill, also known as Roaring Kitty, had built a position worth $181mn in the struggling video game retailer.The sharp rise came after Gill’s account, which goes by the name DeepFuckingValue on Reddit, posted a picture late on Sunday that appeared to show he had taken a share stake and options positions in the retailer. GameStop jumped 64 per cent to…

Investment Thesis Intel (NASDAQ:INTC) stock has plummeted by about 47% over the last three years. This underwhelming performance saw the stock trail its peers, some of whom registered strong double-digit growth. Despite a 40% drop from its December 2023 high, the current downtrend presents another great entry point for long-term investors. Following our previous coverage and a 29% pullback, I’ve doubled down on Intel. The convergence of technical indicators highlights a strategic opportunity to establish or intensify long positions using dollar cost averaging (DCA). The best time to buy Intel was in December 2022, when we called the bottom as…

Coke is still the top soda in America. But the runner up spot, long held by Pepsi, now belongs to Dr Pepper. After years of slowly gaining market share, Dr Pepper inched ahead of Pepsi as the number two soda brand in the country in 2023, according to market share data from Beverage Digest, a trade publication. Coke is the leader by a comfortable margin. Last year, it captured 19.2% of the soda market in the United States by volume, Beverage Digest’s data shows. Dr Pepper and Pepsi both had 8.3%, with Dr Pepper technically ahead. After that came other…

How much to save for retirement”The 15% is just a goalpost,” with the understanding that everyone’s situation is different, said Mike Shamrell, vice president of thought leadership for Fidelity’s workplace investing. The right retirement savings rate depends on your age, expected retirement date, cash flow, projected Social Security income, pensions and retirement plans, among other factors.However, “if you can’t reach that 15%, at least try to contribute [enough] to get your full company match,” Shamrell said.If you can’t reach that 15%, at least try to contribute [enough] to get your full company match.Mike ShamrellVice president of thought leadership for Fidelity’s workplace…