The “first five days” rule suggests that if stocks perform well in the initial five sessions in a given year, the market is often up at the year-end.
China suspends social media accounts of Covid policy critics
The popular Sina Weibo social media platform said it had addressed 12,854 violations.
Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’
Elon Musk and Tesla are set to face a jury in a shareholder class action that claims the CEO manipulated Tesla’s stock in 2018.
Salesforce co-CEO Marc Benioff hints at more potential layoffs after this week’s job cuts
Salesforce is confronting slowing growth, an activist investor concerned about the company’s operating leverage and a set of high-profile departures.
Dodgers say Trevor Bauer ‘no longer part of organization’
The Los Angeles Dodgers are cutting ties with Trevor Bauer, recently cleared to resume career following alleged sexual misconduct.
Cramer’s week ahead: Corporate earnings will set the tone for the market
“As good as these macro numbers were for the market, they’ll become a sideshow when we actually start getting earnings reports,” he said.
Pro Picks: Watch all of Friday’s big stock calls on CNBC
A recap of Friday’s best stock picks on CNBC.
Macy’s warns holiday-quarter sales will come in light, citing squeeze on shoppers’ wallets
Macy’s on Friday said consumers’ budgets are under pressure and that it expects the squeeze to continue into this year.
Bill Miller doubles down on Amazon after a rough year, while shorting Tesla increasingly
Value investor Bill Miller said he’s doubling down on Amazon after a brutal year and growing his short position on Tesla.
Biden awards Presidential Citizens Medals on two-year anniversary of Jan. 6 Capitol riot
The ceremony marking the two-year anniversary of the pro-Trump riot was Biden’s first time bestowing the Presidential Citizens Medal.