Workers are processing chips at a workshop of an optoelectronic technology company in Huai’an, China, on May 11, 2024. Costfoto | Nurphoto | Getty Images China is ramping up spending on chip manufacturing equipment, surpassing the combined expenditure of the U.S., South Korea, Taiwan and Japan in the first half of the year, according to … Read more
The World’s busiest pedestrian crossing © Marco Bottigelli | Moment | Getty Images Asia-Pacific markets are mostly set to open lower on Thursday, extending losses as both the S&P 500 and Nasdaq Composite slipped for a second straight day. “Investors are a bit on edge; it’s a low-conviction trade. Everyone’s waiting for this Friday employment … Read more
CNBC’s Jim Cramer on Wednesday tried to quell investors’ recession fears. He pointed to several sectors that are seeing gains and said that the economy needs to slow for the Federal Reserve to make eagerly awaited interest rate cuts. “If you have a market that’s been driven by a handful of stocks and then suddenly … Read more
Microsoft’s generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Microsoft closed at a record high of $467 on July … 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. More weakness: There’s been a couple attempts at a rally Wednesday, but stocks are still mostly lower in the second session of September after a rough … Read more
United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. Thomas O’Neil | Nurphoto | Getty Images U.S. Steel shares tumbled more than 17% on Wednesday as the White House is reportedly preparing to block the company’s planned sale to Japan’s Nippon Steel. People familiar … Read more
The U.S. produced more oil in 2023 than has ever been produced in any year by any country, according to the U.S. Energy Information Administration. Big Oil has become more productive as horizontal drilling and hydraulic fracturing, which is also known as fracking, have seen technological breakthroughs. U.S. oil production hit a low of 5 … Read more
Vertigo3d | iStock | Getty Images Bitcoin slid back toward $55,000 overnight as it caught up with Tuesday’s broader market sell-off. On Wednesday, the price of the flagship cryptocurrency was lower by 2% at $56,589.80, according to Coin Metrics. It fell sharply Tuesday night — to as low as $55,673.80 — with the start of … Read more
A view of the pipelines at Zueitina oil terminal, in west of Benghazi, Libya February 3, 2020. Picture taken February 3, 2020. Esam Omran Al-fetori | Reuters U.S. crude oil gained more than 0.5% on Wednesday, rising from a nine-month low amid speculation that OPEC+ could delay a planned production increase slated for October. The … Read more
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It’s all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers this summer, airline executives waited anxiously for repairs and overhauls of their engines. The … Read more
