Nasdaq worst day, Nvidia sell-off

Nasdaq worst day, Nvidia sell-off

A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024.  Bloomberg | Bloomberg | Getty Images Asia-Pacific markets mostly climbed higher on Tuesday, even as U.S. Big Tech stocks sold off in favor of other sectors such as banking … Read more

Nvidia slides 13% in three days after becoming most valuable company

Nvidia slides 13% in three days after becoming most valuable company

Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Since briefly becoming the world’s most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak. Monday’s slide was the chipmaker’s second-steepest … Read more

Dow posts best week since May, Tesla cuts 14% of workforce

Dow posts best week since May, Tesla cuts 14% of workforce

Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) on March 6, 2024 in New York City. Spencer Platt | 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

Synthesia now lets you make AI avatar presentations using a webcam

Synthesia now lets you make AI avatar presentations using a webcam

Synthesia launched an option to make AI-generated avatars by recording footage of yourself with a webcam or your phone. Synthesia Synthesia, a British artificial intelligence startup, on Monday showed off a slew of new product updates including the ability to create your own Apple-style key presentations with AI avatars by using just a laptop webcam … Read more

Asia stock markets: Australia CPI, Tokyo CPI

Asia stock markets: Australia CPI, Tokyo CPI

A cafe at the Royal Arcade, Bourke Street Mall, in Melbourne, Australia. Education Images | Universal Images Group | Getty Images Asia-Pacific markets fell on Monday, ahead of inflation data from Australia and Japan later this week. Special attention will be paid to Australia’s May consumer price index figures on Wednesday, after Reserve Bank of … Read more

Apple, Microsoft valuations get a pass. Nvidia does not but should

Apple, Microsoft valuations get a pass. Nvidia does not but should

We don’t care at which price Apple trades. When it was at $165 per share not that long ago, we thought the Club’s original “own it, don’t trade it” stock was momentarily expensive. Then nothing happened, and we had an ascent based on a momentary belief that the iPhone 16 would have some good artificial … Read more

Consumer spending, inflation, and housing are 3 things to watch in the market

Consumer spending, inflation, and housing are 3 things to watch in the market

Wall Street advanced during this holiday-shortened trading week, with the S & P 500 and Nasdaq both reaching new all-time highs in the first half of the week before pulling back some. The S & P 500 and Nasdaq were able to finish the week slightly higher. The Dow , which had recently come off … Read more

Nvidia is little known despite topping $3 trillion in market cap

Nvidia slides 13% in three days after becoming most valuable company

Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. … Read more

Amazon, Starbucks look to stay competitive with different approaches to pricing

Amazon, Starbucks look to stay competitive with different approaches to pricing

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. Wild week: The stock market was little changed Friday, which masked the drama we saw in this holiday-shortened week of trading. Nvidia soared to all-time highs … Read more

S&P 500 briefly crosses 5,500, closes lower

S&P 500 briefly crosses 5,500, closes lower

Traders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 22, 2024 in New York City. Michael M. Santiago | Getty Images News | 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 … Read more