CNBC’s Jim Cramer said Wednesday that he sees why the stock market was headed for a higher open in the first trading session since President Donald Trump’s State of the Union address. “Previous presidents have not cared about the stock market because they don’t think it’s that big,” Cramer said on “Squawk on the Street.” “But I’m listening to him and I’m thinking, I understand why people are buying stocks.” “He makes it so you want to buy stocks,” Cramer said, arguing the president’s speech was

Mike Lynch, the British tech billionaire who sold his data company Autonomy to Hewlett Packard, submitted himself for arrest on Wednesday as part of a bid by the United States to extradite him to face criminal charges. Lynch’s lawyers said he “vigorously rejects all the allegations against him and is determined to continue to fight these charges”. Hewlett Packard is suing Lynch in Britain’s High Court for billions of pounds in damages over the deal. It has alleged he fraudulently inflated the va

Finland has announced plans to offer men and women equal paid parental leave, as well as an extension of the total family allowance from 11.5 months to just over 14 months. The Finnish government, which was only appointed in December, said Wednesday that both parents would get a paid leave allowance of 164 days, or around 6.6 months. Pregnant women will get an additional month on top of this quota and single parents will be able to use the total allowance offered to two parents. Parents can also

Turbine manufacturer Vestas Wind Systems logged record order levels in 2019 as well as a rise in profit and revenue. Vestas posted an order intake — a measure of turbines placed on its order books — of more than 17 gigawatts (GW) last year, with revenue hitting 12.1 billion euros ($13.34 billion), up from 10.1 billion euros in 2018. Looking ahead, the Aarhus-headquartered business said it expected revenue for 2020 to “range between” 14 and 15 billion euros. Shares of Vestas moved almost 5% highe

Congressman Ami Bera, chairman of the House Foreign Affairs Subcommittee on Asia, the Pacific, and Nonproliferation, announced the hearing last week. “I look forward to hearing from our expert witnesses on ways in which we can plan and respond to this virus. Congress needs to ensure the administration has the tools it needs to respond to and limit the outbreak.” Flights from mainland China are being funneled through 11 U.S. airports, officials said, where all passengers are being screened for sy

“We’re playing card games, watching television, running outside, riding bikes, playing frisbee,” he said before Sunday’s game over the phone. The evacuees were initially asked to voluntarily stay at the base while medical tests were carried out, officials said. But two days later the CDC announced it was taking the “unprecedented action” of ordering a 14-day mandatory quarantine on the 195 passengers. On Monday, the Pentagon said it has prepared four facilities for up to 1,000 more evacuees from

There’s a 70% chance that a recession will hit in the next six months, according to new research from the MIT Sloan School of Management and State Street Associates. The researchers created an index comprised of four factors and then used the Mahalanobis distance — a measure initially used to analyze human skulls — to determine how current market conditions compare to prior recessions. It measures the distance between a point and a certain distribution. Using this principle, the researchers anal

ET vote on whether to convict Trump on the two articles of impeachment that passed the House in December. Romney was one of just two GOP senators to vote in favor of allowing additional witnesses and documents in the Trump’s impeachment trial. Romney acknowledged that his vote will not change the outcome of the trial, in which Trump is virtually guaranteed to be acquitted. The GOP holds a 53-47 majority in the Senate; It would take 67 votes convict Trump. “I, along with the @GOP, stand with Pres

Phil Spencer, head of gaming for Microsoft, recently told technology publication Protocol he doesn’t view Sony and Nintendo as the company’s primary competition going forward. Instead, Spencer sees the future of gaming being fought over cloud computing between companies like Google, Amazon, and of course, Microsoft. “When you talk about Nintendo and Sony, we have a ton of respect for them, but we see Amazon and Google as the main competitors going forward,” said Spencer. “That’s not to disrespec

So many, in fact, that Square Enix is releasing a brand new bundle called Kingdom Hearts All-in-One Package, which brings together every game in the series so far all the way up to Kingdom Hearts 3. This new game is essentially a bundle of Kingdom Hearts 3 along with the previously released, Kingdom Hearts: The Story So Far. This means that the new release will include Kingdom Hearts HD 1.5 + 2.5 Remix, which are comprised of several other Kingdom Hearts games:Kingdom Hearts Final MixKingdom Hea

It looks like Harley Quinn is coming to Fortnite. The Fortnite Twitter account tweeted a teaser image of Harley’s mallet along with her signature Suicide Squad hairstyle, which all but confirms that a Birds of Prey tie-in event is on the way. On top of the teaser, there have also been Harley Quinn skins datamined from the game’s most recent patch. Birds of Prey is a loose spinoff of 2017’s Suicide Squad and stars Margot Robbie as Harley Quinn. Near the end of January, the Fortnite account replie

GlaxoSmithKline on Wednesday reported quarterly profit that fell short of analysts’ expectations because of pricing pressure, mainly hitting its respiratory drugs, and the drugmaker said adjusted earnings for the year could fall as much as 4 percent. Sales rose 11% to 8.90 billion pounds ($11.62 billion) in the three months ended Dec. 31 at constant currency, while adjusted earnings were 24.8 pence per share. GSK now expects 2020 adjusted profit to be down 1% to 4% after 2019 adjusted earnings r

On Tuesday evening, baseball fans took to social media to chatter about the first of two significant moves this offseason. Fred Wilpon would stay on as CEO, past the original five-year agreement that was reported when the sale was first revealed last December. The deal also included unfavorable language when it came to the Mets’ regional sports network, SNY. After changes to the deal, Cohen decided against the move to purchase 80% of the franchise. The Astros’ investigation officially ended last

DETROIT — General Motors lost $194 million in the fourth quarter largely because of the 40-day autoworkers strike that cost it four weeks of vehicle production and eroded any profit. The company still beat Wall Street’s earnings expectations for the fourth quarter, but its revenue came in slightly below expectations. Revenue: $30.8 billion vs. $31.04 billion expected. The company’s 2020 guidance includes adjusted earnings of $5.75 to $6.25 per share and adjusted operating cash flow of $13 billio

Macy’s is making the case to investors that it is still “America’s department store.” As the embattled retailer aims to get back to profitability and sales growth, it is meeting with investors Wednesday in New York to rally support for its turnaround plans. A key test of this plan, however, will be if Macy’s can reach younger customers, as their spending power only grows. “Macy’s needs to quickly re-capture lapsed customers and connect with new [and] younger shoppers before it’s too late,” Gordo

Central banks to the rescue? As coronavirus spreads, market participants are trying to assess whether global central banks will make a concerted effort to stem the damage in their respective economies by leveraging monetary policy tools. Given how much Fed Chairman Jerome Powell has done to emphasize the central bank’s “wait-and-see” posture following its last cut, Steil doesn’t see the Fed moving immediately — but he’s not writing off another cut for this year. “Larry Kudlow, one of President T

Their analysis finds more students finance their educations through low-interest federal Stafford loans, and fewer students rely upon high-interest credit card debt. Across the country, in schools where 75% of students eligible for free lunch/reduced lunch, only 3.9% are required to take a one-semester personal finance course. In states where the personal finance content is not required for graduation, there is a 16-point gap in access to personal finance education. Seventy-two percent of childr

Josh Edelson | AFP | Getty ImagesAlphabet may have disclosed numbers for YouTube and Google Cloud for the first time, but the excitement is leveling as Wall Street says results might not be enough to stave off broader deceleration. Google’s cloud business generated $8.92 billion in revenue in fiscal 2019, compared with $5.84 billion in 2018. As the company broke out YouTube and Cloud, it also abandoned metrics used in prior reports: cost-per-click and paid clicks. YouTube revenue fell below Citi

Goldman Sachs’ first-ever investor day appears to have made the desired impression. Analysts at Citi raised their price target for the investment bank to $290 per share from $255, roughly 20% above where the stock closed on Monday. Goldman set several key goals, including boosting return on total equity to above 14% within three years and cutting expenses by $1.3 billion, and Citi said in a note to clients that it believes the bank can hit many of those marks.

Tesla’s stock is racing higher almost daily this year, turning the company into a closely-watched trend that investors in droves are trying to understand. But, with the stock of Elon Musk’s company up nearly 290% in the past six months, there’s a new number one in the “Should I” search: “Should I buy Tesla stock.” Suggested results for a Google search of the phrase “should I” on Feb. 4, 2020. “Should I buy Tesla” searches in the US”Should I buy Tesla” searches worldwideAdditionally, Google Trend