People walk through a Manhattan mall on July 05, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images Hiring in the U.S. slowed significantly last month, with information and financial sectors registering job losses. The information services sector was a notable weak spot for July, posting a job loss of … Read more
It’s a July for the record books. State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm’s head of SPDR Americas research notes it is also the second-largest monthly inflow ever. “Part of it is just the market,” Matt Bartolini told CNBC’s … Read more
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan Berkshire Hathaway‘s cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple. The Omaha-based conglomerate’s cash hoard jumped … Read more
Warren Buffett in Omaha, Nebraska, on May 3, 2024. David A. Grogan Berkshire Hathaway‘s highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic product of Hungary — amid CEO Warren Buffett’s rare sale of some of his favorite stocks. The Omaha-based conglomerate is likely to say its cash … Read more
STR | Nurphoto | Getty Images Trump Media said Friday it has started rolling out a TV streaming service that aims to air “neglected” content on its social media platform Truth Social. The company’s stock price, which trades under the ticker DJT on the Nasdaq, jumped more than 6% Friday morning on the heels of … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) on August 1, 2024 in New York City. New economic data showed initial jobless claims rose the highest in a year and a manufacturing index that measures factory activity in the U.S. came in worse than expected, causing renewed worries of a … Read more
Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in extended trading: Apple — Shares of the iPhone maker inched higher, as the company beat analysts’ estimates on the top … Read more
A newly released Li Auto L6 new energy vehicle is displayed at a store in Shanghai, China, on April 19, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese new energy vehicle company Li Auto announced Thursday it delivered a record number of cars in July, boosted by sales of its new, lower-cost Li … Read more
CNBC’s Jim Cramer examined Thursday’s market action, attributing the day’s brutal sell-off to the Federal Reserve’s decision to hold rates steady instead of making a cut. “To me, today’s terrible action in stocks was a function of the Fed not cutting rates yesterday,” he said. “The slowdown in the economy, the brown shoots as I … Read more
Nifty has crossed the historic milestone of 25,000 on the first day of August, and to add to the bullish sentiment, its track record of the full month over the last 10 years shows positive closing on six occasions. Moreover, foreign institutional investors (FIIs) and domestic institutional investors (DIIs) have been net buyers on seven … Read more
