Highlights

Business

Jim Cramer says the stock market is getting closer to forming a bottom

CNBC's Jim Cramer said Thursday he believes the stock market is getting closer to reaching an investable bottom after a challenging start to the new year.The "Mad Money" host's comments mark a shift in outlook compared to two weeks ago, when Cramer contended it was too early to buy aggressively based on a 10-item checklist he uses to determine when stocks are bottoming."Considering that we've now got many boxes checked, it means that something we didn't have two weeks ago, we now have," Cramer said. However, he said the…

Cramer’s lightning round: NextEra Energy is a buy

NextEra Energy: "NextEra is the fastest growing utility. I think it's terrific, and I actually would be a buyer here tomorrow morning."Spero Therapeutics: "This is the height of speculation. It doesn't make any money at all. You literally are hoping that another drug company will buy that company. That's what must happen." Moderna: "If we're near the end of Covid, then Moderna needs to continue to go down a little more, and Pfizer represents a better buy."On Holding: "I think there are too many shoe companies. I thought…

Jim Cramer says ‘all banks are not created equal,’ and these are his favorites

CNBC's Jim Cramer on Thursday reviewed the recent slate of major bank earnings and explained why his charitable investment trust is sticking with its ownership of Morgan Stanley and Wells Fargo."The banks are all over the place this earnings season, which just goes to show the importance of individual stock picking," the "Mad Money" host said. "All banks are not created equal," he added, even though he expects 2022 to be a solid year for the financials overall because of likely interest rate hikes by the Federal…

The biggest travel trend of 2022: Go big, spend big

'New sense of urgency' to hit the roadThere's a "new sense of urgency" to travel, said Stephanie Papaioannou, a vice president at the luxury travel company Abercrombie & Kent. "Guests feel they have lost two years, and older clients are concerned about having fewer healthy years left to travel," she said.A couple pose in front of Machu Picchu, a destination in Peru that tops many travelers' bucket lists.Marina Herrmann | Moment | Getty ImagesLee Thompson, co-founder of the adventure travel company Flash Pack,…

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Judge blasts PG&E as “continuing menace” over wildfires as utility’s probation ends

People take part in an event to hand-deliver 100,000 public comments from Californians throughout the state calling on Governor Newsom to reject proposals that penalize consumers for putting solar panels on their rooftops outside the California State Capitol Museum in Sacramento, California, on December 08, 2021.Aníbal Martel | Anadolu Agency | Getty ImagesA federal judge on Wednesday declared Pacific Gas & Electric a "continuing menace" to California over its role in igniting deadly wildfires, as the utility is set…

$2.5 billion wiped from Peloton’s market value as shares tumble below IPO price

A monitor displays Peloton Interactive Inc. signage during the company's initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019.Michael Nagle | Bloomberg | Getty ImagesShares of Peloton closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of its market value.The sharp drop brought the stock beneath the $29 mark where it first priced at in September of 2019, and marked another notable milestone in the company's turbulent ride in recent…

SFPD officers kill person armed with 2 guns at SFO BART station: Police

A police officer carries ballistic shields at the International Terminal at San Francisco International Airport (SFO) after an incident involving an armed individual in front of the BART station entrance in San Francisco, Calif. Thursday, Jan. 20, 2022.Stephen Lam | San Francisco Chronicle | Getty ImagesSan Francisco police officers Thursday morning shot and killed a person armed with two guns in front of the BART station at San Francisco International Airport's international terminal, according to police.At about 7:30…

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