Video: Jim Cramer on Bitcoin, Pfizer, PayPal, GM, Tesla


TheStreet 23 August, 2021 - 08:43am 30 views

When is the Jackson Hole Economic Symposium 2021?

The Kansas City Fed announced it will host its 2021 Economic Policy Symposium, “Macroeconomic Policy in an Uneven Economy,” virtually on Friday, Aug. 27. The program's full agenda will be available at at 7 p.m. CT/8 p.m. ET on Aug. 26. kansascityfed.orgJackson Hole Economic Symposium

Drake trends after Kanye West shares his home address on Instagram

Yahoo Finance 23 August, 2021 - 09:31am

Champagne Papi found himself to be quite the hot topic over the weekend. Drake trended on Twitter after fellow rapper Kanye West shared the emcee’s home address in a now-deleted Instagram post.

What led to West suddenly leaking the “Hotline Bling” rapper’s personal information? It seems to have started when, while appearing on Trippie Redd‘s new song, “Betrayal,” Drake took some shots at West.

He raps in a verse: “All these fools I’m beefin’ that I barely know / Forty-five, forty-four (burned out), let it go / Ye ain’t changin’ sh-t for me, it’s set in stone.”

This clearly must have gotten back to West, who took to social media to clap back.

Before leaking Drake’s address, West took to Instagram and shared a screenshot seemingly referencing his latest feature. West sent a photo of The Joker, the popular comic book character played by Joaquin Phoenix in the 2019 movie, to an unidentified group thread on iMessage.

Then he wrote in a message: “I live for this. I’ve been f—-d with by nerd ass jock n—as like you my whole life. You will never recover. I promise you.”

Kanye West texts Drake vague threats in a group message after adding Pusha T to the chat

— The Daily Dose (@DailyDose) August 21, 2021

Kanye West just DOXED Drake ‘s Address! #DramaAlert

— KEEM 🍿 (@KEEMSTAR) August 23, 2021

On Sunday, however, West seemed to take it one step further, posting a picture of Drake’s exact location via Google Maps on IG, effectively leaking his address. While the post was almost immediately deleted, that certainly didn’t stop people from taking screenshots, plenty of which are now circulating online.

Fans immediately took to Twitter to react to the shocking revelation.

One user wrote in a tweet, “did kanye just post drakes address and then delete it like nothing happened?”

Others seemed tickled by the fact that West’s long-awaited album, Donda, seemingly keeps getting pushed back, but he had time to leak Drake’s address. A fan wrote, “his man kanye dropped drakes addy before donda,” along with crying emojis.

did kanye just post drakes address and then delete it like nothing happened? 💀

— ken (@kenxvd) August 23, 2021

While West’s move was certainly shocking, Drake seems to want fans to know he is getting the last laugh.

Hours after West shared the info, Drake shared a video to his Instagram Story in which he is riding around in a car, simply laughing to himself. Fans immediately saw this as a response to West’s move, with Drake keeping it light and seemingly unbothered.

— West Sub Ever (@WestSubEver) August 23, 2021

West and Drake have a long and colored history together. While the exact root of their feud remains a bit murky, Drake did open up about their beef while on LeBron JamesThe Shop back in 2018.

He shared at the time that he believed West played a part in Drake’s infamous feud with Pusha T, sharing, “I’m in Wyoming. I play him ‘March 14.’ I send him a picture of my son. I tell him I’m having trouble with my son’s mother,” all of which wound up on Pusha T’s 2018 diss track “The Story of Adidon.”

Check out his explanation from The Shop below.

The post Drake trends after Kanye West shares his home address on Instagram appeared first on TheGrio.

Single appears on Redd’s expanded edition of new album 'Trip at Knight'

Drake's verse on "Betrayal" may have ruffled a few feathers. After he suggested Kanye West is "burned out," the rapper reportedly posted Drake's home address on social media.

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Video: Jim Cramer on Bitcoin, Pfizer, Paypal, GM, Tesla

Bloomberg 23 August, 2021 - 08:43am

The Dow Jones Industrial Average was up 178.04 points, the Nasdaq Composite was up 63.58 points and the S&P 500 was up 19.66 points. 

Jim Cramer and Action Alerts PLUS senior analyst Jeff Marks discussed Bitcoin, PayPal  (PYPL) - Get Report, Pfizer  (PFE) - Get Report, GM's  (GM) - Get Report Chevy Bolt, Tesla  (TSLA) - Get Report and previewed the now-virtual Jackson Hole economic symposium.

Watch the full interview with TheStreet Live at 10:00 a.m. ET in the video below:

As of the opening of U.S. equities trading, the cryptocurrency was trading at $50,224.30. 

Bitcoin hit a record high of $64,829 in April, per CoinDesk, before trading in the $30,000 to $40,000 range in the subsequent months as regulatory talk intensified. 

In other cryptocurrency news, PayPal marked its first international expansion of services, allowing customers in the U.K. to buy, sell and hold Bitcoin and other cryptocurrencies beginning Monday following a similar U.S. service launch in March. 

PayPal is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio. 

Pfizer stock moved 2.24% higher to $49.80 after the Food and Drug Administration granted full approval to the Pfizer and BioNtech  (BNTX) - Get Report COVID vaccine. 

Many on Wall Street and beyond hope full approval of the vaccine will help reduce levels of vaccine hesitancy. 

Some also see full approval as a vehicle for businesses and governments to require vaccinations. 

Fed chair Jerome Powell will now speak remotely as fears of the rapidly spreading delta variant of the coronavirus forced the in-person event to be moved online. The event was widely considered a sign of a 'return to normal' among the financial community. 

“While we are disappointed that health conditions will prevent us from being able to gather in person at the Jackson Lake Lodge this year as we had planned, the safety of our guests and the Teton County community is our priority,” Kansas City Fed president Esther George said in a statement. 

And the Fed's Powell isn't the only one working from home. On Real Money, Cramer noted that the continued impact of the delta variant could alter Wall Street's view of inflation, turning Powell from villain to hero. 

"Going into Jackson Hole we have to be thinking not about how inflation is runaway but how deflation could be on the horizon much faster than we realize if the Fed pulls the rug out, which we know is just a matter of time. Right now the Chief seems like a pinata, theoretically beaten by the inflationistas.

I think it's just a matter of time for them to look like the fools and Jay Powell to look like a hero of our time." 

As investors continued to react to a Tesla AI event that left Wall Street thinking more iRobot than electric car, news from General Motors stole the show. 

GM recalled all Chevrolet Bolt vehicles Friday following a National Highway Transit Safety Administration report of a risk of high-voltage battery pack fires.

The Friday recall adds about 73,000 Bolts from the 2019-2022 model years, expanding on earlier recalls of the company's 2017-2019 Bolts. 

"In rare circumstances, the batteries supplied to GM for these vehicles may have two manufacturing defects - a torn anode tab and folded separator - present in the same battery cell, which increases the risk of fire." The company said it will "replace defective battery modules in Chevrolet Bolt EVs and EUVs with new modules, with an expected additional cost of approximately $1 billion," GM said in a statement.

As of the opening of trading Monday, GM stock was down 2.01% to $47.82. 

As markets and the broader economy continues to try to gauge the impact of the delta variant, Cramer said investors now must confront a market that can change on a dime. 

"Most markets do not change their stripes in 10 minutes. This market is not like most markets. It started out with a refreshing change of the semiconductors and tech leading and retail following, and then devolved into the fertilizers at the helm and a bedraggled group of disparate stocks not far behind,' Cramer wrote on Real Money Friday. 

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