Cramer's Investing Club: We're buying more of a hard-hit stock in our portfolio
(This article was sent first to members of the CNBC Investing Club with Jim Cramer. We bought 25 shares of PayPal (PYPL) at roughly $191.41 each Monday morning, shortly after the CNBC Investing Club with Jim Cramer newsletter was sent. Our purchase of more PayPal on Monday morning is an example of what we call buying with wide scales. When we enter wide scales mode, we try to add to our position every 5% to 10% per share down from our previous buy. That's why we employ a rules-based approach of wide scales.cnbc.com
Marriott CEO Sorenson, 62, dies of pancreatic cancer
FILE - In this Dec. 19, 2012, file photo, Marriott CEO Arne Sorenson speaks during a groundbreaking ceremony for a Marriott hotel in Port-au-Prince, Haiti. Sorenson was the third CEO in Marriotts 93-year history, and the first without the Marriott surname. Sorenson reduced his schedule at Marriott this month to pursue a more aggressive cancer treatment. He was first diagnosed with pancreatic cancer in 2019; a recent routine scan had confirmed the cancer had returned, the company said. Sorenson was the first Marriott CEO whose name was not Marriott, and only the third to lead the company in its 93-year history.
Fight The Man: What GameStop’s surge says about online mobs
Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. Last week they gave us the Great GameStop Stock Uprising. Online spaces are being used to radicalize people toward extremism, to plan hate crimes and attacks," she said. It’s the same thing as when Jim Cramer gets on CNBC smashing buttons.”AdIn 2017, the hashtag “MeToo" began going viral as women — and some men — shared their experiences of sexual assault on social media. Social media also helped Black Lives Matter activists organize rallies, record police violence and communicate during the marches sweeping the U.S. and other countries following the death of George Floyd last summer.
CNBC's Cramer apologizes for calling Pelosi 'crazy Nancy'
NEW YORK – CNBC's Jim Cramer apologized Tuesday for calling House Speaker Nancy Pelosi “crazy Nancy” during an interview, saying he was trying to make a point about Washington intolerance that fell flat. The fast-talking former hedge fund trader, one of CNBC's leading personalities for two decades, was interviewing Pelosi on negotiations on a relief bill for those hurt financially by the pandemic. “What deal can we have, crazy Nancy?” he said during the interview. He immediately indicated that he was channeling President Donald Trump, who has repeatedly used that derisive nickname for Pelosi. “It's time that CNBC takes steps to remove toxic misogyny from its airwaves, and that starts by firing Jim Cramer,” Thomas said.