What Cramer is watching Monday — Price target cuts and downgrades, few bright spots

Mark Zuckerberg envisions 1 billion people in the metaverse

What I am looking at July 11, 2022 Twitter jump ball: Elon Musk terminates deal. Twitter (TWTR) says it will sue. The stock sinks 5% in the premarket. Baird price target cut to $33 per share from $45. Meta Platforms (META), a Club holding, downgraded to sell from hold (underperform from hold) at Needham. Pretty … Read more

If this stock market is shaping up like 2008, here’s where we could be headed next, says strategist

If this stock market is shaping up like 2008, here's where we could be headed next, says strategist

Those looking for a bit of good news to start the week may have to cast the net further out. Stock futures are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was already full for investors this week, with inflation one of several data points to watch, and … Read more

At $1,500, Would You Jump Into This 1978 Porsche 924 Project?

At $1,500, Would You Jump Into This 1978 Porsche 924 Project?

Being a transaxle car, replacing the worn clutch on today’s Nice Price or No Dice 924 may be a daunting task for many. Let’s see if its price and condition make up for that. While reading through the comments on last Friday’s heavily customized 2001 Honda Civic, I started to get a sense of how … Read more

5 things to know before the stock market opens Monday, July 11

5 things to know before the stock market opens Monday, July 11

Here are the most important news items that investors need to start their trading day. 1. Earnings and stocks Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. Brendan Mcdermid | Reuters Earnings season kicks off this week as several big companies, including major … Read more

Exclusive: Binance served crypto traders in Iran despite US sanctions, customers say

Exclusive: Binance served crypto traders in Iran despite US sanctions, customers say

Seven Iranians say used Binance for crypto after US reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw US regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran … Read more

CoinFLEX Enters $84 Million Arbitration Against ‘Large Individual Customer’

CoinFLEX Enters $84 Million Arbitration Against 'Large Individual Customer'

Crypto trading platform CoinFLEX has detailed its strategy to combat the company’s current liquidity crisis, which for almost three weeks has prevented users from withdrawing funds. In a blog post Saturday, co-founders Sudhu Arumugam and Mark Lamb announced that the company has entered arbitration in Hong Kong to recover $84 million in losses from a … Read more

Ships get older and slower as emissions rules bite

Ships get older and slower as emissions rules bite

Average age of vessels up more than two years since 2017 New emissions rules may force older ships to go slower One-fifth of ships fitted with energy saving devices New vessels and alternative fuels the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about … Read more