Nikola tries again to win shareholder support to issue new stock – over objections of its disgraced founder

CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Electric truck startup Nikola is making another attempt Thursday to clear a shareholder hurdle to raise new funds – over the objections of its disgraced and now-departed founder. The long-embattled company is seeking to raise money by issuing new stock, a process that requires shareholder approval. Nikola’s June 1 annual shareholder meeting…

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5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday morning, as investors continued to weigh the ongoing impact of inflation, central bank rate hikes and the deluge of second-quarter earnings reports coming in a few weeks. The latest reading of the Fed’s favorite inflation gauge is due this morning, as well: the core personal consumption…

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Cramer warns investors not to group all stocks of the same sector together – ‘No two stocks are truly alike’

CNBC’s Jim Cramer on Wednesday told investors that despite what might be happening in the market, they shouldn’t judge a stock based on its industry peers’ performance. “These days, it feels like up to 90% of a stock’s performance on a given day comes from its sector, something on down days that feels like a heavy gravitational pull,” he said. “I want to remind you that no two stocks are truly alike and, more important, the sector analysis everyone lives by these days is often a travesty of a mockery…

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Charts suggest the recent boom in commodities ‘is not long for the world,’ Jim Cramer says

CNBC’s Jim Cramer on Wednesday said that while the commodities market could see a short-term upside, it will ultimately come down in the long term. “The charts, as interpreted by Carley Garner, suggest that the recent commodities boom is not long for the world. She says we could still see some short-term upside … but longer-term, she thinks this bull is about to get slaughtered,” the “Mad Money” host said. “And when commodities turn against you, it tends to get real ugly, real fast,” he added. Before getting into Garner’s…

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Pinterest improving user experience to help people ‘take more action’ on boards, new CEO Bill Ready says

Pinterest is working on helping users take tangible actions on their mood boards and pins, new CEO Bill Ready told CNBC’s Jim Cramer on Wednesday. “There’s a lot we can do to help them take more action on that intent, whether that action is making, or doing, or in some cases buying. There’s a variety of ways that we can do that. It may not necessarily entail even a buy button all the time,” Ready said in an interview on “Mad Money.” “I’ve used Pinterest for designing a home, for…

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‘It’s like going to the DMV online’: What to know about buying Series I savings bonds via TreasuryDirect

Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect, a 20-year-old platform run by the U.S. Department of the Treasury, financial advisors say.  “It’s like going to the DMV online,” said Matt Stephens, a certified financial planner with AdvicePoint in Wilmington, North Carolina, explaining how the process of buying I bonds is especially difficult for his older clients. Inflation…

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Summer temperatures — and inflation — are running hot. Here’s how to save money on cooling bills as prices rise

A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Tips for efficient energy use Most cooling systems use electricity, so making sure your home is running as efficiently as possible can help you spend less to operate air conditioners and fans in the summer, according to Kelly Speakes-Backman, principal deputy assistant secretary for the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy. First,…

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Buy now, pay later refunds can be tricky: ‘The process isn’t quite down to a science,’ says chief credit analyst

Some shoppers say “buy now, pay later” may not be all it’s cracked up to be. After experiencing explosive growth during the pandemic — spending on BNPL in the U.S. soared 230% since the start of 2020 — the hype around installment buying is fading as costs for everyday items rise and consumers dial back on discretionary purchases. Although 45 million shoppers embraced installment purchases last year alone, some have a case of buyer’s remorse, especially if they’ve shelled out more than they can afford or are struggling to keep…

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