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‘Sell stocks into any rally’

CNBC's Jim Cramer on Friday warned investors that any upcoming market rallies will be temporary as the Federal Reserve turns up the heat in its fight against inflation."Until we see a pattern of higher unemployment, lower consumer spending and lower oil prices, just presume that you need to sell stocks into any rally because the Fed's going to make sure those rallies are temporary," the "Mad Money" host said."That said, I think the economy has already weakened substantially here, so the pain might be over faster than…

Elon Musk says Tesla had a ‘very tough quarter’ and needs to rally in leaked email

Elon Musk says that Tesla had a “very tough quarter” and asks employees to needs to “rally hard to recover” in leaked emails. Over the weekend, Tesla CEO Elon Musk sent emails to employees and Electrek obtained copies. In the first email, Musk tried to instill meaning about building Tesla products to workers: “We *actually* build great, real products that people love and make their lives and the world better. That is so profound. It is an honest day’s work that you can feel in your heart. Whatever else is going…

Sean Penn, Zelensky rally industry support for Ukraine at CORE gala

"This is our reality," said a grim-faced Zelensky, who wore a green T-shirt and fatigues while sitting in front of a tactical map Sean Penn. Pic/AFP Addressing a crowd at the fundraising gala for Hollywood star Sean Penn's humanitarian relief organisation CORE, Ukrainian President Volodymyr urged the wealthy and powerful attendees to find ways to support his war-torn nation.His five-minute pre-recorded plea at the Hollywood…

Cloud stocks mount rally led by UiPath, as investors see market bottom

Daniel Dines, CEO, UiPath at company's IPO at the New York Stock Exchange, April 21, 2021.Source: NYSECloud stocks rallied on Thursday, with more than a dozen vendors notching gains of 10% or more, as investors used an upbeat day on Wall Street to snap up shares of companies that have been beaten down the most in this year's selloff.UiPath, a provider of software for automating office tasks, led the charge, surging 17%. The company late Wednesday reported a narrower-than-expected loss for the first quarter, while revenue…

TechPay Coin (TPC) To Be Listed on Leading Exchange MEXC Global, Price Rally Incoming?

TechPay Coin on MEXC Global will attract multiple crypto investors for smart investment in 2022 TechPay Coin, The Blockchain Network Deemed “Fastest” Following Accomplishment of 300,000+ Transactions each Second, Looks Forward To Its 2nd Listing on Leading Crypto Exchange – MEXC Global TechPay Coin Kicked off an excellent bull run post Announcement of the Bi-Directional Cross-chain Bridge Launch with Binance Smart Chain, Resulting in Wrapped TPC (WTPC) Going Live on Pancakeswap on May 17th,…

Streaming Troops Rally Round a Cursed Comic Book Catastrophe

via 20th Century Fox Alan Moore famously hates seeing his work butchered and bastardized by Hollywood, but surely the director of game-changing comic book adaptation Blade tackling The League of Extraordinary Gentlemen with Sean Connery in the lead role was too big to fail? It might have been, at least if the two didn’t hate each other’s guts, and production wasn’t cursed at every turn. Not only did Connery have such a joyless experience that he immediately retired from acting, Norrington still hasn’t directed…

Indian shares rise more than 1 percent on tech rally

A rally in technology stocks drove up Indian shares more than 1 percent on Monday, with the market also benefiting from an improvement in the global mood after China eased its COVID-19 curbs. The NSE Nifty 50 index was up 1.61 percent at 16,614.60 by 0427 GMT, while the S&P BSE Sensex rose 1.64 percent to 55,785.70. Both the indexes added more than 1 percent. All the major sub-indexes advanced, with Nifty's IT sub-index leading the pack with a 3.6 percent rise. HCL Technologies and Infosys jumped more than 3 percent…

China Tech Stocks Rally After Alibaba and Baidu Beat Forecasts

Chinese internet stocks jumped, after results from Alibaba BABA 14.79% Group Holding Ltd. and Baidu Inc. BIDU 14.14% came in ahead of the market’s downbeat expectations. The rally, which extended a period of extraordinary volatility for the sector, began in the U.S., where American depositary receipts in both companies leapt by more than 10% Thursday. That helped fuel a 7.6% advance in…

Cramer’s week ahead; Market needs obstacles resolved before a rally

CNBC's Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved."If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the to curb-stomp inflation with a 100-basis point rate hike," the "Mad Money" host said. "Unfortunately, only one of those three is within America's control."His comments come on the heels of a volatile week of trading spurned by missed earnings quarters from retail…