CNBC's Jim Cramer on Wednesday told investors that diversification remains key to keeping a successful portfolio.
"I can't say a diversified portfolio is bulletproof. But I can say that it makes it easier to stay in the game when one particularly popular group gets put through the meat-grinder," he said.
The Nasdaq Composite and S&P 500 closed lower on Wednesday as investors digested the latest slew of corporate earnings. The Dow Jo...

The crypto world is a land of confusion. Lender Genesis filed for Chapter 11 bankruptcy protection late Thursday. The filing follows months of speculation over whether Genesis would file for bankruptcy. The lender is a key part of Barry Silbert’s Digital Currency Group, which has fallen under increasing pressure since the collapse of Three Arrows Capital and Sam Bankman-Fried’s empire, including Alameda Research and FTX. Genesis listed over 100,000 creditors, with ...

Alphabet’s Google said Friday morning that it would lay off 12,000 employees, making it the latest tech giant to unveil significant job cuts. CEO Sundar Pichai told employees in a memo that the decision was based on a “rigorous review” of the company’s business, and that the layoffs would affect various regions and product areas. “As an almost 25-year-old company, we’re bound to go through difficult economic cycles,” Pichai said. Google’s announcement comes two ...

Just like many a New Year's resolution, January's stock market rally has faded after just a few weeks. All three major indicies are headed for a losing week, while the Dow turned negative for the young year. Investors are facing down a mixed bag of corporate earnings, murky signals from the big banks, the prospect of a recession and no sign that the Federal Reserve will start to lay off its aggressive rate increases, despite its recent success in slowing down inflation. ...