New economic data out of China on Wednesday shows the world’s second-largest economy is still struggling to bounce back from the pandemic. Until its government gets serious about announcing a consumption-driven stimulus plan, it could spell more bad news for U.S. companies that generate lots of sales in China, including three in the portfolio: Starbucks … Read more
CNBC’s Jim Cramer on Wednesday explained what the Securities and Exchange Committee’s decision to approve spot bitcoin exchange-traded products in the U.S. means for investors. Cramer said he’s not necessarily against investing in Bitcoin, but warned investors to know the risks before buying. “I’m taking a page from Jamie Dimon here — this is a … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on January 17, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. Joe Cavaretta | Sun Sentinel | Getty Images Spirit Airlines is on shaky footing after JetBlue Airways‘ proposed $3.8 billion takeover of the budget carrier was blocked by a federal judge this … Read more
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. Stocks are still broadly lower but what’s different about today compared to the past two weeks is that the market pullback finally came for tech stocks. The … Read more
The Samsung Galaxy S24 Ultra. The device looks a lot similar to Samsung’s Galaxy S23 Ultra. The main difference this time round is what’s inside: Samsung is going big on artificial intelligence. Samsung Samsung announced its new flagship Galaxy S24 smartphone range Wednesday, earlier than expected, touting new artificial intelligence features as the company looks … Read more
Treasury yields rose Wednesday, with the 10-year yield hovering near 4.1% as investors focused on stronger-0than-expected December retail sales and the latest remarks from Federal Reserve members. The yield on the 10-year Treasury note was last up 3 basis points at 4.098%, after trading as high as 4.12%. The 2-year Treasury yield rose by around … Read more
JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022. Joe Raedle | Getty Images News | Getty Images Shares of Spirit Airlines fell about 23% Wednesday, its second day of double-digit losses, after a judge blocked its proposed merger with JetBlue … Read more
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI CEO Sam Altman says concerns that artificial intelligence will one day become so powerful that it will dramatically reshape and disrupt the world are overblown. “It will change the … Read more
Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle | Getty Images Cryptocurrency exchange Gemini has been awarded crypto registration to launch its services in France, the company told CNBC exclusively. The firm, which was founded and is owned by twins … Read more
