How Tokyo pulled off the Olympics in the midst of a pandemic

Organizing the Tokyo Olympics in the midst of the pandemic has been a formidable task. So how did its organizers manage to implement it, and what is the legacy of the Games now that the Tokyo Olympic flame has gone out? Tokyo 2020 was an Olympic tournament like no other, though probably not in the … Read more

Biden administration seeks to prevent potential Russian invasion of Ukraine

US President Joe Biden talks about his administration’s plan to combat coronavirus disease (Covid-19) with the emergence of the Omicron variant, during his visit to the National Institutes of Health, in Bethesda, Maryland, United States, December 2, 2021. Kevin Lamarck | Reuters On Friday, the Biden administration said it was consulting with Congress and allies … Read more

Omicron variant spreads in Australia, testing reopening plans

Travelers wearing personal protective equipment arrive at Melbourne’s Tullamarine Airport on November 29, 2021 as Australia records its first cases of the Covid-19 omicron variant. William West | AFP | Getty Images The coronavirus variant omicron spread in Australia on Saturday, testing plans to reopen the economy as a cluster in Sydney grew to 13 … Read more

Stocks may be in for more punishment

CNBC’s Jim Cramer said Friday that market events in the coming week could provide signs of a rally in late December after a very volatile week that saw many smaller technology stocks drop during investor fears about the omicron COVID variant. “I think we may be facing more punishment because the ratings are out of … Read more

Cramer says he plans to own Costco for the long term. Here’s why

CNBC’s Jim Cramer said Friday that he intends to own Costco for the long-term because the wholesale retailer has the highest quality stocks look for: pricing power. “Costco is number one in quality in a large inventory: This is a company that has the ability to raise prices as often as it pleases,” the Mad … Read more

Stocks could face more turbulence in the week ahead

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, November 29, 2021. Brendan McDermid | Reuters Volatility could continue to hamper the markets after a week of violent volatility that sent many stocks down. Next week, investors await more news about the omicron Covid variant and another … Read more

We are nibbling on this drug stock amid the broad market sell-off

David Rex, CEO of Eli Lilly Scott Millian | CNBC (This article was first sent to CNBC Investing Club members with Jim Cramer. For real-time updates in your inbox, Subscribe here.) Shortly before the closing bell, we will buy 25 shares of Eli Lilly (LLY) Priced at approximately $243.81. After the trade, the Charitable Trust … Read more

Black women see unemployment rate fall, still behind in recovery

Passengers arrive at Grand Central Station with Metro-North during the morning rush hour in New York City. Angela Weiss | AFP | Getty Images The unemployment rate for black women fell sharply in November, but the labor market’s recovery from pre-pandemic levels remains uneven across race and gender. While the headline job growth number came … Read more

Nearly 1 million more jobs were created this year than the government first estimated

A construction worker walks through a job site at Metropolitan Park, phase one of new construction for the Amazon HQ2 development, Arlington, Virginia, October 13, 2021. Kevin Lamarck | Reuters If you believe the Department of Labor, August and September seemed to indicate a job market that was about to run out. Preliminary readings from … Read more