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. Here’s Monday’s edition. If history is … Read more
Microsoft CEO Satya Nadella speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, Feb. 7, 2023. Jason Redmond | AFP | Getty Images When Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the software company was mired in mediocrity. Its market cap was just over $300 … Read more
Etsy Sellers Market in Times Square celebrating Etsy’s celebration going IPO at Nasdaq on April 16, 2015 in New York City. Paul Zimmerman | Getty Images Activist investor Elliott Management has a “sizable” investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company’s board. The activist investor … Read more
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. Spencer Platt | Getty Images Activist investor Starboard Value on Wednesday sent a letter to web-services company GoDaddy, urging management to continue moving “in the … Read more
Countries and companies rent out storefronts on the Promenade in Davos, Switzerland during the World Economic Forum CNBC DAVOS, Switzerland — For as long as countries and companies have rented out chalets and storefronts on the Promenade of the small Swiss ski village that hosts the World Economic Forum, ancillary programming hosted beyond the reaches … Read more
My top 10 things to watch Tuesday, Jan. 30 Wall Street under some pressure early Tuesday ahead of a flood of after-the-bell earnings. The Dow and the S & P 500 on Monday both closed at record highs for the sixth time in 2024. The Nasdaq finished roughly 3.5% away from its November 2021 record … Read more
Paul Singer speaking at the Delivering Alpha conference in New York on Sept. 13, 2016. David A. Grogan | CNBC Activist investors are circling the tech market. That’s because, after a two-year plunge in mergers and acquisitions across the industry, there are signs of life to start 2024, with expectations that many more deals are … Read more
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
Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images Executives at some of the world’s leading artificial intelligence labs are expecting a form of AI on a par with — or even exceeding — human intelligence to … Read more
A pop-up showcasing Saudi Arabia’s Neom development features among the most prominent on the Davos promenade in 2024. CNBC DAVOS, Switzerland — For years, the United Arab Emirates has been the Middle East’s go-to tech hub, thanks partly to its lack of personal income tax, flexible visa policies, and competitive incentives for international businesses and … Read more
