U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year. Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom’s thinking told The Financial Times. Saudi officials are ready to … Read more
A Southwest Boeing 737 is at Phoenix Sky Harbor International Airport in Arizona, USA, on July 2, 2024. Robert Smith | Nurphoto | Getty Images Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized a $2.5 billion in share buybacks, and detailed a host of changes to its business model as … Read more
Rendering of a proposed Oklo commercial advanced fission power plant in the U.S. Courtesy: Oklo Inc. Nuclear startup Oklo is moving closer to initial construction of its first commercial microreactor, CEO Jacob DeWitte told CNBC in an interview. Oklo has received the greenlight from the Department of Energy to conduct site investigations for the planned … Read more
Red flags fly at Tiananmen Square in Beijing, China, on Wednesday, July 10, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets rose on Thursday, with markets in the region rebounding and Chinese markets poised to extend gains. Mainland China’s CSI 300 has notched a five-day winning streak, hitting its highest levels in almost two … Read more
There was lots of cool stuff on display Wednesday afternoon at the Meta Connect 2024 product and developer conference held at the company’s Silicon Valley headquarters. The launch of the new Meta Quest 3S virtual reality headset — on sale Oct. 15, starting at $299 — was certainly exciting. It was also great to get … Read more
Top 10 things to watch Wednesday, Sept. 25 — Today’s newsletter was written by the Investing Club’s director of portfolio analysis, Jeff Marks. 1. The S & P 500 is on track for a muted open Wednesday following another record close Tuesday. Club holding Nvidia helped lift the market Tuesday but earnings loom from fellow … Read more
Consumers’ view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday. The board’s consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021. The Dow Jones consensus … 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. Tuesday turnaround: Much weaker-than-expected consumer confidence data sent the market down earlier in the morning, but we’ve rallied since the Morning Meeting , putting the S … Read more
A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Asia-Pacific markets were set to open mixed on Wednesday, with futures for Hong Kong’s Hang Seng Index suggesting a 4% rise for the index at open. HSI … Read more
One of the world’s largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. MercadoLibre, an Argentinian e-commerce and payments platform that’s incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly 27% rise for Amazon, … Read more
