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. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Good news is good news: The … Read more
Oil production in Azerbaijan Vostok | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Weak quarterly kickoffJapan … Read more
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta shares rose as much as 4.6% on Thursday and climbed to a record after analysts at two firms raised their price targets on the … Read more
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act. “I’m not saying that they have to go back to zero, but they have to be more aggressive,” the … Read more
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Tech giants aren’t doing much acquiring these days, due mostly to an unfavorable regulatory environment. But they’re finding other ways to spend billions of … Read more
It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday’s session. It marked the index’s best first quarter in half a decade. The Dow Jones Industrial Average and Nasdaq also had strong … 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. U.S. stocks were flat on Thursday as the S & P 500 headed towards its strongest first-quarter performance in half a decade. The benchmark gauge advanced roughly 10% over the … Read more
Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a frontrunner in generative artificial intelligence. Its foundation model and chatbot Claude … Read more
Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment. The company said the downsizing is part of a broader … Read more
My top 10 things to watch Monday, March 25 1. U.S. stock futures were slightly lower Monday morning to kick off the final week of March. All three major benchmarks crossed new all-time high levels last week and are on track for their fifth consecutive month of gains. Looking ahead this week, Friday is the … Read more
