S&P 500 sweeps to record close, stocks end higher for 3rd day in final session before Christmas

S&P 500 sweeps to record close, stocks end higher for 3rd day in final session before Christmas

The S&P 500 index scored its 68th record close of the year Thursday, ahead of the long Christmas holiday weekend, on optimism that the omicron variant of COVID won’t derail global economies.  Investors also were absorbing a relatively benign batch of U.S. data, including inflation, durable goods orders and jobless benefit claims published Thursday. How … Read more

Canned Cocktails Are Booming. These Companies Are Profiting.

Canned Cocktails Are Booming. These Companies Are Profiting.

I’m pretty sure I’m a major influencer. For a few years now, I’ve been getting a hot dog and vodka mule halfway through golf rounds. The cocktail—vodka, ginger beer, bitters, and lime in a can—is made by Cutwater Spirits, bought in 2019 by brewer Anheuser-Busch InBev (ticker: BUD). “These are pretty good,” I distinctly remember … Read more

Cramer’s Mad Money Recap 12/23: Pfizer, Nvidia, Tesla

Cramer's Mad Money Recap 12/23: Pfizer, Nvidia, Tesla

Santa took his time getting to Wall Street this year, but Jim Cramer told his Mad Money viewers that it looks like the so-called Santa Claus Rally started on Monday and has been delivering gifts to investors all week. And as the year draws to a close, Cramer took a look back at some of the … Read more

Exxon Cuts Baytown Refinery Rates After Extinguishing Fire

Exxon Cuts Baytown Refinery Rates After Extinguishing Fire

(Bloomberg) — Exxon Mobil Corp. says an overnight fire at its Baytown, Texas, refinery that injured four people has been extinguished. Most Read from Bloomberg The blaze occurred at 1 a.m. local time at the plant, which is the fourth-largest in the U.S., capable of processing more than half a million barrels of oil a … Read more

Omicron Isn’t Hurting Stocks. Why Investors Aren’t Worried.

Omicron Isn’t Hurting Stocks. Why Investors Aren’t Worried.

The Omicron variant of the coronavirus has rapidly become the dominant strain in the U.S. and abroad, and has helped to push daily new cases to pandemic records in several states and countries. The stock market has taken an emotionless view of it all, with a hardly interrupted Santa Claus rally that pushed the S&P … Read more

Macau Casino Shares Up as Analysts Cheer Re-Licensing Report

Macau Casino Shares Up as Analysts Cheer Re-Licensing Report

(Bloomberg) — Casino stocks rose in both New York and Hong Kong trading after authorities in Macau released favorable results from public hearings on the renewal of casino licenses in the world’s largest gambling market. Most Read from Bloomberg A Bloomberg gauge of casino operators rose as much as 4.8% on Friday, the most since … Read more

Best Biotech ETFs for Q1 2022

Best Biotech ETFs for Q1 2022

Biotech companies use or modify biological processes to create new pharmaceuticals or therapies. Some of the most prominent biotech companies include Vertex Pharmaceuticals Inc. (VRTX) and Regeneron Pharmaceuticals Inc. (REGN). Investing in the biotech sector can be risky. The scientific and regulatory issues involved with gaining approval from the U.S. Food and Drug Administration (FDA) … Read more