A hotter-than-expected consumer inflation reading spooked investors last week, but investors may want to adopt a long-term mindset as they seek buying opportunities. Top Wall Street analysts are calling out their favorite stocks with a focus on their long-term growth prospects. To that end, here are three stocks favored by the Street’s top pros, according … Read more
Drivers charge their Teslas in Fountain Valley, CA, on Wednesday, March 20, 2024. Jeff Gritchen | Medianews Group | Getty Images Tesla said on Friday that it’s cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay … Read more
A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. Nurphoto | Nurphoto | Getty Images A top Amazon executive told CNBC Thursday that it’s a “myth” that robots and other technologies take jobs away from people. Stefano La Rovere, director of … Read more
Amazon CEO Andy Jassy on Thursday took aim at regulators who are increasingly blocking mergers, including the company’s planned acquisition of robotic vacuum maker iRobot, which fell apart earlier this year amid antitrust concerns. “I think it’s really kind of a sad story,” Jassy said in an interview with CNBC’s Andrew Ross Sorkin on “Squawk … Read more
My top 10 things to watch Thursday, April 11 The government’s second inflation report of the week was cooler. One day after Wednesday’s hotter consumer price index sank stocks, the smaller-than-expected rise in the March producer price index reversed early weakness in the market to the upside. How could so many prognosticators be so wrong … Read more
Amazon CEO Andy Jassy on Thursday published his annual shareholder letter, where he pledged to keep looking for ways to keep costs in check even as the company doubles down on investing in new growth areas like artificial intelligence. “I think every one of us at Amazon believes that we have a long way to … Read more
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference, according to a … Read more
Jensen Huang, CEO of Nvidia, arrives for the Inaugural AI Insight Forum in the Russell Building on Capitol Hill on Sept. 13, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Nvidia and the Georgia Institute of Technology announced Wednesday the first artificial intelligence supercomputer designed for student use. The chipmaker’s graphics processing units … Read more
Who better than teenagers to know what’s trendy? Piper Sandler has released the spring edition of its semiannual “Taking Stock With Teens Survey,” with solid results for several names in our portfolio. We love scanning the report, which looks at a wide swath of Generation Z, roughly defined as people aged 11 to 26. In … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market pullback: Stocks took a bit … Read more
