CNBC’s Jim Cramer on Monday suggested that it is not just Big Tech that has the capacity to lead the market. Instead, he said, companies from other sectors need to be more innovative. “Rather than bemoaning the limited breadth of the market, maybe we should be asking why other companies aren’t joining the club,” Cramer … Read more
Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market. The vacancy rate for San Francisco office space reached a fresh record of 34.5% in the second quarter, according to a report Monday from commercial real estate firm … Read more
Shortly after the opening bell, we will sell 18 shares of Meta Platforms at roughly $542.3 and 20 shares of Palo Alto Networks at roughly $343. Following the trades, Jim Cramer’s Charitable Trust will own 275 shares of META, decreasing its weighting to 4.45% from 4.7%; and 230 of PANW, decreasing its weighting to 2.35% … Read more
If you still doubt the power that the biggest stocks have over this market, Friday’s performance should dispel it: Meta Platforms added $29.95, or 5.8%, bumping its gain this year to more than 52.8%. Amazon rallied $2.41, or 1.2%, and is now up roughly 31.6% in 2024. Alphabet increased $4.78, or 2.5%, for a year-to-date … Read more
Wall Street finished higher for the holiday-shortened trading week, with tech stocks leading the way. The Dow Jones Industrial Average gained under 1% for the week. The S & P 500 and Nasdaq , which both closed at record highs Friday — rising nearly 2% and 3.5%, respectively, for the week. The first week of … Read more
Members of the Youth Congress are protesting against the alleged government irregularities, paper leaks, and a sharp rise in perfect scores in the state of Jammu and Kashmir. (Photo by Firdous Nazir/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, … Read more
Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results. Igor Golovniov | SOPA Images | LightRocket | Getty Images Facebook parent company Meta was on Monday accused by EU … Read more
The sun sets behind power lines near homes during a heat wave in Los Angeles, Sept. 6, 2022. Patrick T. Fallon | Afp | Getty Images The largest utility companies in the U.S. are warning that the nation is facing a surge of electricity demand unlike anything seen in decades, and failure to rapidly increase … Read more
A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell’s annual rebalancing. “It’s worth paying attention to value,” the firm’s … Read more
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known across the globe. From Oracle and Microsoft to Google and Facebook, the public … Read more
