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Charts suggest the S&P 500 is set up for a year-end Santa rally, Jim Cramer says

Charts suggest the stage is getting set for a year-end rally in the S&P 500, CNBC’s Jim Cramer said Wednesday, leaning on analysis from technician Mark Sebastian. “The charts, as interpreted by Mark Sebastian, have been a pretty darn good guide to the last few weeks, and right now they’re making him feel bullish about …

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People are paying top dollar for cocktails with no alcohol in them

The non-alcoholic beverage industry skyrocketed this past year as consumers shift from booze-filled nights to prioritizing their health and wellness. While some people are cutting back entirely, others are switching to beverages that taste like their favorite tipples, but without the alcohol. Once thought to be a passing — even mockable — trend, non-alcoholic wine, …

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Big takeaway for Build Back Better: ‘lack of change’ for wealthy Americans’ taxes

Financial advisors and their clients have waited for tax hikes as Congress hammered out provisions for the Build Back Better Act. But the House bill passed in November didn’t include the reforms many expected. “The biggest takeaway for Build Back Better is the lack of change,” said Jeffrey Levine, a certified financial planner and CPA …

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‘6% inflation is devastating’ to everyday Americans, rising prices need to be curbed, expert says

Inflation is too high and the central bank needs to move quicker to get it under control by raising interest rates, said Gilbert Garcia, a managing partner at Garcia Hamilton & Associates in Houston. “I wished we’d retire the word ‘transitory,’” Garcia said, at the CNBC Financial Advisor Summit on Wednesday, speaking of predictions that …

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Rent the Runway posts widening losses, as subscribers have yet to return to pre-pandemic levels

In this article RENT Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC Rent the Runway shares fell more than 5% in extended trading Wednesday after the company booked widening third-quarter losses, despite sales that shot up 66% year over year, in its first financial report since going public in late October. The fashion rental …

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Stock futures are flat after major averages post third straight day of gains

U.S. stock index futures were little changed during overnight trading on Wednesday, after the major averages posted a third straight day of gains as traders bet that the omicron variant’s economic impacts won’t be as severe as initially thought. Futures contracts tied to the Dow Jones Industrial Average slid 7 points. S&P 500 futures were …

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Theranos founder Holmes blasts ex-boyfriend Balwani in final effort to persuade jury before defense rests

Elizabeth Holmes, founder of Theranos Inc., leaves federal court in San Jose, California, on Wednesday, Dec. 8, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, Calif. — In her final effort to try and sway the jury in her criminal fraud trial, Theranos founder Elizabeth Holmes blasted ex-boyfriend Ramesh “Sunny” Balwani, her …

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Japanese billionaire arrives at ISS on space tourism trip ahead of SpaceX lunar journey

Japanese billionaire Yusaku Maezawa arrives at the International Space Station on Dec. 8, 2021 after launching on a Russian Soyuz spacecraft. NASA TV Japanese billionaire Yusaku Maezawa arrived at the International Space Station on Wednesday, where he’ll spend nearly two weeks visiting as a private space tourist. Maezawa launched on a Russian Soyuz spacecraft along …

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With millennials poised to inherit $68 trillion, financial advisors can take these steps to attract younger clients

Jamie Grill | The Image Bank | Getty Images Millennials stand to inherit a whopping $68 trillion from the baby boom generation. But they aren’t necessarily taking cues from their parents on how to manage their money. The proliferation of online money management platforms has given millennials more options than their parents once had. Many …

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Cybersecurity can pose a risk in more than one way for financial advisors

Financial advisors may want to view cybersecurity as a critical issue on more than one level. While protecting client data should be a priority, cyber attacks also could affect the investments they make on behalf of their clients. Basically, some companies may be more prone to costly cyber attacks than others. “The sectors that I …

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Starbucks workers in Buffalo to decide this week whether to form coffee chain’s first U.S. union

In this article SBUX People walk past a Starbucks in Buffalo, New York, December 7, 2021. Lindsay DeDario | Reuters Starbucks workers at three cafes in Buffalo, New York, voted this week on whether to form a union, a choice that could have far-reaching implications for the coffee giant and broader restaurant industry. Mail-in voting …

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Stocks making the biggest moves premarket: Pfizer, BioNTech, Weber and others

In this article PFE BNTX CPB THO WEBR SFIX Check out the companies making headlines before the bell: Pfizer (PFE), BioNTech (BNTX) – The companies said studies showed that three doses of their Covid-19 vaccine neutralized the omicron variant, while two doses still offered protection. Pfizer and BioNTech also said they’re continuing to work on …

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Elon Musk: CEO is a ‘made-up title,’ so he’s Tesla’s ‘Technoking’ instead

Elon Musk is the CEO of two companies, Tesla and SpaceX — but if you ask him, his role as chief executive is essentially just “a made-up title.” That’s the somewhat philosophical reply Musk offered at The Wall Street Journal’s CEO Council Summit on Monday, when asked whether he’d consider stepping into another role at …

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‘Tis the season for holiday bills. Here’s how to come up with a strategy now to pay them off

praetorianphoto | E+ | Getty Images With the holiday season comes a lot of gift-giving — and plenty of bills. That’s why it’s good to have a strategy now for how to tackle any debt you may incur, experts advise. “You actually can create a plan as opposed to just figuring it out on the …

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Visa launches crypto consulting services in push for mainstream adoption

In this article V The Visa logo seen displayed on a smartphone with a bitcoin logo in the background. Rafael Henrique | SOPA Images | LightRocket | Getty Images Visa is launching new consulting and advisory services to help its clients navigate the world of cryptocurrencies. The payments processor said Wednesday its crypto advisory practice, …

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Elizabeth Holmes admits she gave journalist incorrect info for Theranos cover story

Theranos founder and former CEO Elizabeth Holmes (R) and her partner Billy Evans (L) arrive for Elizabeth Holmes’s trial at the Robert F. Peckham Federal Building on December 07, 2021 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, CALIF. – Theranos founder Elizabeth Holmes admitted on Tuesday that she gave a journalist …

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Stocks are back up already. What would have happened if you’d sold?

shapecharge | E+ | Getty Images It’d be surprising if you weren’t scared by recent headlines, yet how you responded to them as an investor will have major consequences for your long-term financial picture. Most recently, reports of a new Covid variant that could be more contagious and less affected by vaccines than other strains …

Stocks are back up already. What would have happened if you’d sold? Read More »