Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap. Don’t tell that to the … Read more
After reviewing Tesla’s earnings, CNBC’s Jim Cramer on Thursday criticized CEO Elon Musk and told investors why he thinks the electric vehicle giant has lost its spot among the “Magnificent Seven” tech stocks. “As someone who was among the first to vocalize the Magnificent Seven rubric, I officially acknowledge now that there are only six … Read more
Sundar Pichai, chief executive officer of Alphabet Inc. Bloomberg | Bloomberg | Getty Images Alphabet shares climbed to a record on Thursday, joining Microsoft and Meta, which have continued to rally since reaching fresh all-time highs earlier this month. Shares of Alphabet rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87, closing with … Read more
WASHINGTON, DC – OCTOBER 4: Federal Trade Commission Chair Lina Khan speaks during a discussion on antitrust reforms at the Brookings Institution October 4, 2023 in Washington, DC. Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President Joe Biden and confirmed by the Senate. (Photo by Drew Angerer/Getty … Read more
CNBC’s Jim Cramer on Wednesday said the market hasn’t been playing by usual Wall Street rules over the past few years, telling investors to find anomalies and use them to their advantage. “Nothing we’ve ever learned about the market has played out like it was supposed to for the last two years,” he said. “If … Read more
CNBC’s Jim Cramer on Monday suggested Tesla could lose its spot in the “Magnificent Seven” megacap stocks list. He said he’s waiting to see results from the electric vehicle giant’s upcoming earnings report, but said Tesla may have hit a “growth pause,” compared to its Big Tech peers that are still on the rise. If … Read more
Mark Zuckerberg, CEO of Facebook, testifies remotely as Sen. John Kennedy, R-La., watches during the Senate Judiciary Committee hearing “Breaking the News: Censorship, Suppression, and the 2020 Election,” in Washington, Nov. 17, 2020. Bill Clark | Reuters Mother Jones CEO Monika Bauerlein has had a front-row seat in recent years to watch Facebook upend the … Read more
We don’t know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report … Read more
The major averages were all up for the holiday shortened trading week, with the S&P 500 closing at a new all-time high on Friday, beating its last record set in January 2022. The week’s biggest winner, however, was the tech-heavy Nasdaq, which gained more than 2%. The Magnificent Seven (Amazon, Alphabet, Apple, Meta Platforms, Microsoft, … 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’s stock price has fully rebounded from its awful year in 2022. The share rose almost 2% Friday to close at $383.45, setting a new … Read more
