CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024.  Angela Weiss | AFP | 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, … Read more

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024.  Angela Weiss | AFP | 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, … Read more

2 big tests ahead will determine if last week’s stock market excitement was warranted

2 big tests ahead will determine if last week’s stock market excitement was warranted

Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from … Read more

Intel has hired Morgan Stanley to defend against activists: sources

Intel has hired Morgan Stanley to defend against activists: sources

A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California.  Justin Sullivan | Getty Images News | Getty Images Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn … Read more

Missing Tech Billionaire Mike Lynch’s Body Identified Along With 4 Others

Missing Tech Billionaire Mike Lynch’s Body Identified Along With 4 Others

Screenshot: The Independent Divers recovered five bodies from the Bayesian on Wednesday, the superyacht that sank early Monday morning off the coast of Sicily. Officials have identified them as tech billionaire Mike Lynch, Jonathan Bloomer and his wife Judith Bloomer and Christopher Morvillo and his wife Neda Morvillo. Lynch’s 18-year-old daughter Hannah is still missing. … Read more

4 Bodies Found Inside Sunken Superyacht [Update]

4 Bodies Found Inside Sunken Superyacht [Update]

Boats searching for missing passengers of the Bayesian superyachtPhoto: Getty Images / Stringer (Getty Images) Strong storms and a tornado reportedly sank the Bayesian, a 184-foot superyacht, early Monday morning, killing at least one and leaving six others missing, including billionaire Mike Lynch. Divers recovered two bodies from inside the yacht Wednesday, NBC reports. The … Read more

Fed minutes signals September rate cut

Fed minutes signals September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | 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 … Read more

CNBC Daily Open: ‘Crazy’ summer

CNBC Daily Open: ‘Crazy’ summer

Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | 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. … Read more

Elon Musk’s Purchase Of Twitter Declared ‘The Worst Buyout For Banks Since The Financial Crisis’

Elon Musk’s Purchase Of Twitter Declared ‘The Worst Buyout For Banks Since The Financial Crisis’

It’s no secret that Jalopnik isn’t exactly Elon Musk’s biggest fan. Sure, he’s responsible for the most important car of the 21st century, and SpaceX does some neat stuff when it’s not ruining the environment, but he’s also a bigoted piece of shit. Then again, our staff is a bunch of radical leftists who believe … Read more

Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats

Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats

When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million … Read more