The Magnificent Seven — a term I coined earlier this year to track the market’s biggest tech winners — has certainly lived up to its vaunted name. Those seven mega-cap tech names are Apple, Google-parent Alphabet, Facebook and Instagram owner Meta Platforms, Microsoft, Amazon, Nvidia and Tesla. The first six are Club names. Call them … Read more
An Apple Watch Ultra 2 device is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. Patrick T. Fallon | AFP | Getty Images Apple has stopped selling the Apple Watch Series 9 and Apple Watch Ultra 2 smartwatches on its U.S. website, CNBC … Read more
Let’s say you have a crush on two people and you find out one of them may like you back. Do you just start dating that person, or do you find out what the other person thinks, too? That’s where Warner Bros. Discovery finds itself today. The company has held preliminary merger talks with Paramount … Read more
CNBC’s Jim Cramer keyed in on the optionality of six of the companies that have become known as the “Magnificent Seven” during his Wednesday show. “The Magnificent Seven have the most optionality of any publicly traded companies in modern history,” Cramer said. “To sell any of them is to forget that they have this kind … Read more
The Apple Watch Ultra 2 is seen as people lined up to buy the newly launched iPhone 15 and other Apple products at an Apple store in Palo Alto, California, on Sept. 22, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Apple has lost a bid to delay an impending Apple Watch import ban, … Read more
NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images It’s the most wonderful time of the year! It’s the third annual anonymous media and entertainment executive predictions … Read more
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters More than a year after single-stock exchange-traded funds hit the U.S. market, risk-seeking investors continue to dive in. Single-stock ETFs were first introduced in Europe in 2018. There are now nearly four dozen single-stock ETFs in the U.S., many of … Read more
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during the Intel AI Everywhere launch event in New York, US, on Thursday, Dec. 14, 2023. Victor J. Blue | Bloomberg | Getty Images Intel unveiled new computer chips on Thursday, including Gaudi3, an artificial intelligence chip for generative AI software. Gaudi3 will launch next year … Read more
DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more
Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the … Read more
