CNBC’s Jim Cramer said inflation may be abating more quickly than some think, suggesting that comments from the Federal Reserve’s most recent meeting three weeks ago may not hold much weight. “For the part of the market that was consumer-oriented, today was a day when the Fed won. Let’s hope the Fed conclave realizes that … Read more
Budrul Chukrut | Lightrocket | Getty Images Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. The Seattle-based tech and retail giant will launch a more conversational version of … Read more
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBC Artificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. Chambers, who is also the founder and CEO of JC2 Ventures, said that AI will not only … Read more
The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries. The company’s Hong Kong-listed shares rose more than 13% in … Read more
CNBC’s Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph. “Right now, you have to follow the money, and it’s currently flowing to businesses that cater to other businesses and the ones that need to interrogate … Read more
Aytac Unal/ | Anadolu | Getty Images Shares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024. Trump Media, whose majority shareholder is former President Donald Trump, revealed the … Read more
Oddity Il Makiage Coutesy: Oddity A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn’t the online-only retailer it’s claimed to be. The firm, Ningi Research, published a 50-page report that details a slew of allegations against the newly public retailer, including that it runs a … Read more
After the Dow Jones Industrial Average topped 40,000 last week, CNBC’s Jim Cramer reflected Monday on his many years in the business, saying investors should take a step back and realize how far the market has come. At first, Cramer admitted he felt somewhat cautious about celebrating the milestone, thinking back to the Dow’s great … Read more
A real estate construction site in Wanxiang City, Huai ‘an City, East China’s Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to … Read more
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In … Read more
