An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024. Bloomberg | Bloomberg | Getty Images Japan’s Nikkei 225 nosedived 5% on its open, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight. The Nikkei extended its 2.62% slide on Thursday to lead losses … Read more
Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. Despite that show of strength, shares of the industrial Club name were trading lower. Revenue in the second quarter increased over 8% year over year … 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. Stocks tumble: It’s another tough day on Wall Street with the S & P 500 giving back roughly all its gains from Wednesday and for the … Read more
A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images Stock Chart IconStock chart icon Bitcoin tumbles with stocks on Thursday Disappointing data out Thursday fueled investor worries that the U.S. economy could be at risk of a recession – a day after the Federal Reserve … Read more
Traders work on the floor of the New York Stock Exchange on July 24, 2024. Spencer Platt | Getty Images Treasury yields fell Thursday as investors digested comments from Federal Reserve Chair Jerome Powell, who suggested a September rate cut was on the table, along with a jump in U.S. jobless claims. The benchmark 10-year … Read more
The Dominion Energy headquarters is pictured on July 6, 2020 in Richmond, Virginia. Zach Gibson | Getty Images Dominion Energy is exploring the possibility of connecting a data center directly to a nuclear plant in Connecticut, as the tech sector hunts for carbon-free electricity to power artificial intelligence applications. The Millstone Power Station in Waterford, … Read more
WASHINGTON — The White House announced a massive, multinational prisoner swap Thursday between the United States, Russia and other nations. As part of the historic deal, the Russian government released high-profile Americans held in captivity there, including Wall Street Journal reporter Evan Gershkovich, who had been in a Russian prison for more than a year. … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Stocks moved higher Thursday, extending Wednesday’s rally following comments from the Federal Reserve that hinted at a possible interest rate cut in September. The market also benefited from Meta ‘s … Read more
U.S. crude oil futures broke above $78 per barrel Thursday on fears that Israel and Iran are heading to a direct conflict after the assassination of a Hamas leader in Tehran. Iran Supreme Ayatollah Ali Khamenei has ordered a direct strike on Israel in response to the assassination of Hamas political leader Ismail Haniyeh, three … Read more
The European Union’s landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants. The AI Act, a landmark rule that aims to govern the way companies develop, use and apply AI, was given final approval by EU member states, lawmakers, and the European Commission — the … Read more
