A New Market Week, Oil Surges, Boeing Jet Crashes in China, Buffett's M&A Monday and Bostic's Fed Rate Hike Call. 3/21/22
After the best week for stocks since November 2020, Carl Quintanilla and Jim Cramer discussed navigating market volatility in wake of higher oil prices and the Russia-Ukraine conflict. Boeing drags the Dow lower after a 737-800 jet crashes in southern China with 132 passengers and crew on board. M&A also in the spotlight: Warren Buffett's Berkshire Hathaway agrees to acquire insurer Alleghany for $11.6 billion -- and shares of Anaplan soar after the software maker agrees to be taken private by Thoma Bravo in a $10.7 billion deal. Also in focus: Atlanta Fed President Raphael Bostic says he expects a total of six rate hikes in 2022, General Motors buys Softbank's stake in GM's autonomous car unit, and why Cramer says "the oil stocks are terrific."
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