Author: Press Room

We are buying 50 shares of Stanley Black & Decker at roughly $83.89. Following the trade, Jim Cramer’s Charitable Trust will own 890 shares of SWK, increasing its weighting to 2.33% from 2.20%. Shares of the toolmaker fell Tuesday after Barclays downgraded its rating to equal weight from overweight and cut its price target to $86 from $100. The analyst left its 2024 earnings-per-share estimate unchanged at $3.73 but lowered its 2025 estimate by 12 cents to $4.82, well below the consensus estimate of $5.48. Barclays said the stock needs to have “very rapid” earnings revisions to work, noting that…

Toyota is recalling nearly 100,000 Tundra pickups and about 3,500 Lexus LX 600 luxury SUVs to fix a problem that could cause their engines to lose power while driving. In some of these vehicles, debris from the manufacturing process may have been left inside the engine where it can lead to knocking, rough running and, in some cases, the engine stalling altogether while driving. The vehicles involved are 2022 and 2023 model year Tundras and LX 600s. Only regular gasoline-powered versions, not hybrids, are involved in this recall, according to Toyota. (The Tundra is available in both gas-only and “iForce…

Cinemark Holdings, Inc. (NYSE:CNK) has done a good job of navigating a historically difficult last couple of years in the movie theater business. Compared to the pandemic-era shutdown, the company is back to profitability and making progress in paying down debt. We last covered CNK in 2022 highlighting these trends while the stock has been nearly flat over the period. The latest challenge is dealing with disappointing movie theater attendance, which has declined to start 2024 as a global industry trend. Cinemark remains confident conditions can improve, but the backdrop with lower earnings doesn’t inspire much confidence for investors. In…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.French footballer Kylian Mbappé has signed for Spanish champions Real Madrid, ending a drawn-out saga and strengthening the newly crowned European champions with arguably the best player in the world.“Real Madrid CF and Kylian Mbappé have reached an agreement whereby he will be a Real Madrid player for the next five seasons,” the club said in a statement on Monday evening. Mbappé joins Real on a free transfer after his contract expired at Paris Saint-Germain. His team have dominated French football since being…

West Virginia Sen. Joe Manchin said Monday he’s “not running for any office” after registering as an independent over the Memorial Day recess, but he didn’t completely rule out the possibility. “I’m not running for any office, political office. I’ve been very clear about that,” the senator told CNN’s Manu Raju, insisting that his decision to become an independent had nothing to do with running for Senate or governor ahead of the August 1 filing deadline. But pressed on whether he was closing the door on a future run, he added, “I have not – I never leave any, you never leave…

For many golfers, owning a home on a golf course or near to their pick of courses is the ultimate retirement dream. And even if you’re not among the 25 million plus Americans who play golf, you can still take advantage of all the top amenities (think spas, swimming pools, restaurants…) that golf resorts offer. Plus, they’re often located on the coast—so there’s plenty for non-golfers to enjoy. Here’s my pick of destinations for golfers looking to Europe, Southeast Asia, and Latin America… 1. Portugal At the recent World Golf Awards, Portugal not only won the title of Europe’s Best…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of May 17, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

Nearly every store has rewards credit cards available for customers, but not all the offers add up to major savings. These offers are often the “genesis” of long-term issues, one personal finance expert warns. “There’s just a trickle effect that could last maybe years for that consumer,” financial planner and “What Should I Do With My Money?” author Bryan Kuderna told Fox News Digital. “They’re like, oh, you know, I got 50 bucks off of buying that sofa that maybe I didn’t even really want in the first place, and then… you look at what that did to their financial plan.…

Check out the companies making headlines in midday trading: GameStop — The meme stock jumped more than 25% in volatile trading amid speculation that Keith Gill, the man who inspired 2021′s epic short squeeze, could have a huge position in the video game retailer. Gill, who goes by DeepF——Value on Reddit, reappeared Sunday night, posting a screenshot of what could be his portfolio holding five million shares of GameStop common shares worth more than $100 million. He also owned a position of 120,000 GameStop call options. AMC , another meme stock, popped 10%. Both names were also among those affected…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. The Nasdaq rose Monday — led by Nvidia ‘s more than 3.5% gain after CEO Jensen Huang unveiled a new suite of artificial intelligence chips on Sunday. Treasury yields fell sharply on weak manufacturing data . And, oil prices tumbled as OPEC+ announced plans to phase out voluntary production cuts. “We’ve got a deflationary set up this morning,” Jim Cramer said Monday. Melius Research initiated coverage of Broadcom with a buy rating and price target…