Investing

Shoppers enter a Michaels store in Miami, Florida. Scott McIntyre | Bloomberg | Getty Images Arts and crafts retailer Michaels Stores is having its best day ever.  The reason behind this monster move was a simple bullish call from JPMorgan. Shares of Michaels are up than 50% on Monday, its biggest one-day jump on record. This

The Federal Reserve Bank building Kevin Lamarque | Reuters In addition to signaling a possible turn in the economy, the big job gains in May give the Federal Reserve some more wiggle room before its next policy move. Markets will be watching this week’s Federal Open Market Committee meeting more for what the central bankers

A sign in front of a Hertz rental car office on August 8, 2017 in San Francisco, California. Justin Sullivan | Getty Images To get a slice of one of the market’s most epic rallies, investors are snapping up stocks everywhere including shares in bankrupt companies, which in theory will be worth nothing. Hertz, Whiting Petroleum, Pier

Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images Money-manager Ken Fisher said last week that legendary investor Warren Buffett’s decision to sit on the sidelines during the coronavirus crisis is likely due to

Companies prepare offices to reopen. Source: Karen Firestone When governors, mayors, and national leaders told us to stay home and work remotely, back in what seems like the Ice Age, we were thrust into a state of shock, disorientation, and, ultimately, acceptance. Two and half months later, we have grown accustomed to Zoom, Covid-19 news

CNBC’s Jim Cramer on Monday expressed concern about the stock market’s recent rally getting too far ahead of the economy’s recovery from the depths of the coronavirus pandemic. “Where are the sellers?” Cramer asked. “It’s almost as if people decided Covid is over. It’s a ‘V-shaped’ rally, and you better get on board.” The Dow

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Which stocks are primed to

The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Company: Synalloy Corp. (SYNL) Business: A chemical manufacturing company operating through two segments: metals and the specialty chemicals. Stock Market Value: $78 million ($8.62 per share) Activist: Privet

CNBC’s Jim Cramer on Friday raved about the May jobs report, saying the 2.5 million jobs added last month was evidence the U.S. economy was bouncing back from the coronavirus-induced devastation. “We’re back,” he said on “Squawk Box.” ”I think there were a lot of people who felt that the layoffs would be permanent and it’s obvious that

President Donald Trump arrives for a photo opportunity with sheriffs from across the country on the South Lawn of the White House in Washington, September 26, 2019. Erin Scott | Reuters President Donald Trump, during a White House address to trumpet the surprising May surge in jobs that signaled a rapid economic recovery good be