There may be increased spending on gift cards this holiday season, and that may help boost retail sales next year, former Walmart U.S. President and CEO Bill Simon told CNBC on Thursday. Payment service Blackhawk Network found in a survey that shoppers anticipated spending, on average, about $313 on gift cards around …
Read More »Travel stocks sell off, but there could be buying opportunities
Travel stocks are in turmoil, again. Airlines, hotel and cruise stocks sold off Monday as a new Covid strain broke out in the U.K. and Europe tightened travel restrictions. It does not make sense to jump into these names yet, even with the pullback, Joule Financial President Quint Tatro told …
Read More »Buying opportunities come at the moment of maximum panic
CNBC’s Jim Cramer on Monday broke down his long-trusted playbook to game the market on volatile days for stock trading. Equities on Wall Street spent the early part of the trading day in the red, coming under pressure as investors worried over new revelations about the coronavirus outbreak in the …
Read More »Shorting stocks is ‘crazier’ than buying Airbnb, DoorDash here
Major stock averages have rallied double digits from early November, but CNBC’s Jim Cramer said this is not the time to bet against the stock market or some of the best-performing components on the market. “The backdrop is too positive to bet aggressively against anything here. If you own something …
Read More »Chinese shoppers are buying less foreign goods, consultant says
SINGAPORE – The demand for imported items by Chinese consumers is not as strong as before, according to a partner in management consulting firm Oliver Wyman. “It remains a strong appeal, but there is less appeal for imported products than there was the year before,” said Jacques Penhirin, retail and …
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