“The charts suggest that new highs could be on the table,” CNBC’s Jim Cramer.
A chart analyst sees a scenario where the S&P 500 runs 9% from Thursday’s close to a new high near 3,400.
“The next ceiling of resistance is around 3,250, if we can clear that hurdle, Garner believes it’s smooth sailing to that high,” the “Mad Money” host said.
A doctored viral video share by President Donald Trump on Twitter has been labeled as “manipulated media” by the microblogging site as it looks to clean up disinformation.
The video was originally run by CNN last year in a story about two toddlers and went viral at that time.
Trump tweeted a doctored version of the video with spelling errors.
India is under a lot of pressure to respond to China after a border clash high in the Himalayas left 20 Indian soldiers dead, Jingdong Yuan, an associate professor at the University of Sydney, told CNBC.
A “violent face-off” occurred Monday evening along the border in the Galwan Valley in Ladakh, where soldiers from India and China have been locked in a standoff since May.
As many U.S. states continue to lift coronavirus lockdown restrictions, some are pausing their reopenings in the face of worrisome data around new cases and hospitalizations. States like Texas, Arizona and Arkansas have seen a surge in infections, calling into question aggressive reopening strategies.
U.S. hospitals are lobbying Washington for a $100 billion stabilization fund to help ramp up capacity and buy necessary supplies.
At Mount Sinai Health System’s Morningside hospital in New York City, the number of coronavirus patients at the 500-bed facility doubled in two days this week.
New York-Presbyterian Hospital warned its debt holders this week that the financial toll of its emergency response will be steep.
Boeing is pursuing $60 billion in U.S. government aid to help prop up a U.S. aerospace manufacturing supply chain already reeling from the year-old grounding of its previously fast-selling 737 Max jetliner after fatal crashes.
The average mortgage shopper may see rates on the 30-year fixed as much as a quarter point higher, said Matthew Graham, COO of Mortgage News Daily, which runs daily averages from lenders.
Mortgage rates loosely follow the yield on the 10-year Treasury.
“It’s going to be ugly,” Graham said. “Today is the first time since the Covid-19 market reaction settled down in March that interest rates truly have a reason to panic. Until further notice, this looks like liftoff.”
Lilium made waves last year with the maiden flight of its five-seater air taxi.
Following fresh funding, the firm has secured a valuation north of $1 billion.
Baillie Gifford has taken a less than 5% stake in the Munich-based company.
Some nations are still against the idea of raising new debt, Karel Lannoo, chief Executive of CEPS think tank, told CNBC Monday over the phone.
A second hurdle is how to calculate the distribution of funds.
The 27 heads of state will discuss the 750 billion euro plan next week, but this is expected to be a preliminary meeting with another high-level discussion needed in the summer months.
Graphcore co-founder and CEO Nigel Toon says that “tens of thousands” of his start-up’s intelligent processing units (IPUs) have now been shipped.
Microsoft is using Graphcore’s chips in some of its data centers and Dell is selling them on a server.
Graphcore has raised over $450 million from the likes of Sequoia, BMW, DeepMind’s co-founders and C4 Ventures.
