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No β€˜cop on the beat’: Why the SEC may deny new ether ETFs this month

β€” May 18th 2024 at 10:00
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether ETFs.
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Are your seasonal allergies worse this year? Here's whyβ€”plus tips for symptom relief

β€” May 18th 2024 at 09:00
Some people's seasonal allergies are worse this year. Here's why, plus effective ways to alleviate your allergy symptoms and still enjoy the spring.
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Hall of Famer Dwyane Wade wants to 'maximize each day' of his post-NBA career

β€” May 18th 2024 at 08:00
The 42-year-old's projects include sports team ownership, TV commentary and writing books.
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I toured Warren Buffett's hometown: Despite huge wealth, 'it's all very understated,' says 'Buffettology' author

β€” May 18th 2024 at 08:00
I took a tour of Omaha, Nebraska, with "Buffettology" author David Clark to learn more about Warren Buffett's lifestyle and hometown.
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This 30-year-old won the NYC housing lottery and pays $1,000/month for a luxury 1-bedroom apartmentβ€”take a look inside

β€” May 18th 2024 at 09:05
Rent for units in Nkenge's luxury building in Manhattan's Flatiron neighborhood typically start at $5,903, according to StreetEasy.
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Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each

β€” May 18th 2024 at 09:00
There will be less economic data in the week ahead, but we will get earnings from three portfolio names, including one of our two "own, don't trade" stocks.
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Activist Corvex could take an amicable approach to help create value at Vestis. How it may unfold

β€” May 18th 2024 at 08:26
Corvex reveals a stake in uniform supplier Vestis. The firm is suggesting that it’s here for the long term.
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Some consumers are punting big purchases like pools and mattresses

β€” May 18th 2024 at 08:22
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.
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Trump-era tax cuts set to expire after 2025 β€” here's what you need to know

β€” May 18th 2024 at 08:00
Several tax cuts enacted by former President Donald Trump are set to expire after 2025 without changes from Congress. Here's how it could affect your wallet.
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How Toyota's Tacoma became king of the U.S. midsize truck market

β€” May 18th 2024 at 07:00
The midsize Toyota Tacoma truck outsells rivals, including American brands. But the market is increasingly crowded with trucks from Ford, GM, and EV brands.
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Media giants lean on sports as Hollywood strikes still loom over content slates

β€” May 18th 2024 at 07:00
Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.
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How Spirit AeroSystems fits into Boeing's rebound plan

β€” May 18th 2024 at 07:00
Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.
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Steve Wozniak: When I die, these are the moments I want to rememberβ€”they don't involve co-founding Apple

β€” May 18th 2024 at 06:00
Your accomplishments won't make you happy in the end, Apple co-founder Steve Wozniak said in a recent commencement speech. Here's what he says matters more.
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Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's

β€” May 17th 2024 at 17:39
CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.
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New York crypto personality used 'Seinfeld' joke in fraud, feds reveal

β€” May 17th 2024 at 17:09
A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.
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Mercedes-Benz workers in Alabama vote against UAW union membership

β€” May 17th 2024 at 14:54
The results are a blow to the UAW's organizing efforts a month after the Detroit union won an organizing drive of Volkswagen plant workers in Tennessee.
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Women are worried about their financial security. That may affect the 2024 presidential election

β€” May 17th 2024 at 15:10
Women say they are worried about their finances, from a higher cost of living to reduced retirement income, and that could affect the November election.
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More and more stocks are joining the market's rally to new highs. Here's why and when to buy

β€” May 17th 2024 at 14:16
Wall Street's 19-session journey back to all-time highs has been swift but healthy.
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The best and the worst sectors in the stock market in this recording-setting week

β€” May 17th 2024 at 13:45
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
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Some vacationers expect to carry summer travel debt, report finds. Here's how to avoid that

β€” May 17th 2024 at 13:42
Americans are looking forward to traveling this summer, but some won't pay off their credit cards. Here's how to lower costs and avoid summertime debt.
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Former Trump lawyer John Eastman pleads not guilty in Arizona election case

β€” May 17th 2024 at 12:45
John Eastman, Donald Trump, and Trump allies such as Rudy Giuliani, also are charged in Georgia with crimes related to the 2020 election loss to Joe Biden.
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OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

β€” May 17th 2024 at 15:06
OpenAI has dissolved its Superalignment team amid the high-profile departures of both team leaders, Ilya Sutskever and Jan Leike.
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The class of 2024 is facing a tough job market. Here’s who’s hiring, according to LinkedIn

β€” May 17th 2024 at 12:24
Despite the competition, industries experiencing staffing shortages like education and construction are still hiring new college grads, Linked reports.
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Boeing shareholders re-elect departing CEO Calhoun to board

β€” May 17th 2024 at 11:46
New board chair Steve Mollenkopf said he has sought feedback on Calhoun's successor from investors and Boeing customers.
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BlackRock funds are β€˜crushing shareholder rights,' says activist Boaz Weinstein

β€” May 17th 2024 at 12:28
Boaz Weinstein is fighting for control or reform at 10 BlackRock closed-end funds, which trade at a steep discount to their net asset value.
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Campus protests have called for schools to divest from Israel. Here's how that would actually work

β€” May 17th 2024 at 11:19
Protesters on campuses nationwide have called on universities to divest from Israel due to the war in Gaza. Here's how divestment would actually work.
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Frontier Airlines does away with change fees in budget airline pricing overhaul

β€” May 17th 2024 at 12:18
The budget airline's changes come amid the Biden administration's crackdown on so-called "junk fees."
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Supreme Court Justice Alito urged to step off Trump election case over U.S. flag controversy

β€” May 17th 2024 at 14:51
Supreme Court Justice Samuel Alito and the other justices are considering if Donald Trump is immune from prosecution for 2020 election crimes.
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Here's what has driven the Dow rally to 40,000, and why it could keep going

β€” May 17th 2024 at 10:48
The Dow Jones Industrial Average passing the 40,000 barrier makes for a nice headline, but market experts do not take much else from the move.
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DuPont stock hits new high after an analyst's upgrade β€” why we're not buyers here

β€” May 17th 2024 at 10:42
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis

β€” May 17th 2024 at 10:41
Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company announced Friday.
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1 in 10 young college graduates is 'idled'β€”it could affect their earnings long-term

β€” May 17th 2024 at 10:13
While the job market for recent college grads recovered quickly from the brief Covid-19 recession, the downturn could still spell trouble down the line.
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'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars

β€” May 17th 2024 at 09:27
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.
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May 17 is your last chance to claim your 2020 tax refund β€” the median payment is $932, IRS says

β€” May 17th 2024 at 14:43
There is no late filing penalty if you're owed a tax refund. Roughly 940,000 taxpayers could surrender their 2020 refund payment if they don't file by May 17.
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World's top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event

β€” May 17th 2024 at 10:20
Louisville police arrested Scottie Scheffler ahead of the PGA Championship. The golfer was charged with felony assault on a police officer and reckless driving.
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Jim Cramer's top 10 things to watch in the stock market Friday

β€” May 17th 2024 at 08:26
Wall Street heads for a flat open Friday. Reddit shares jump in the premarket while Cracker Barrel slides.
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As Tesla layoffs continue, here are 600 jobs the company cut in California

β€” May 17th 2024 at 15:54
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.
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GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped

β€” May 17th 2024 at 07:30
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.
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Latest shipping data reveals that mid-range retail is the new consumer price sweet spot

β€” May 17th 2024 at 07:22
Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.
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AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone

β€” May 17th 2024 at 06:47
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.
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Microsoft's Mistral partnership avoids merger probe by British regulators

β€” May 17th 2024 at 08:45
Mistral, a French AI firm founded in 2023, won a 15 million euro, or $16 million, investment from Microsoft earlier this year.
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China pledges $42 billion in a slew of measures to support the struggling property sector

β€” May 17th 2024 at 05:53
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.
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Canada Goose jumps 16% after the company reports growth surge in China

β€” May 16th 2024 at 15:34
Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.
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Chinese EV maker Xpeng aims to deliver its first flying car in 2026

β€” May 17th 2024 at 04:11
Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.
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Shares of Cartier owner Richemont climb on record full-year sales, new CEO

β€” May 17th 2024 at 09:00
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia-Pacific spending waned.
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Steve Jobs' former intern reflects on working for the tech mogul: 'I worked 20 yards away from him every day'

β€” May 17th 2024 at 00:52
Steve Jobs' former intern is now a tech CEO who sold his company to Google. He attributes much of his success to his time working at NeXT.
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China is a 'critical' global supplier, full decoupling may be impossible, survey shows

β€” May 17th 2024 at 00:49
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.Β 
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HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake

β€” May 16th 2024 at 23:59
Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated.
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China consumption slows as retail sales and investment data disappoint

β€” May 16th 2024 at 22:18
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.
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Cramer says these 10 stocks helped the Dow briefly crack 40,000

β€” May 16th 2024 at 17:36
CNBC's Jim Cramer listed ten stocks that helped the Dow Jones Industrial Average briefly top 40,000 on Thursday, a new high for the index.
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The Dow's road to 40,000 in one chart

β€” May 16th 2024 at 14:34
The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.
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No walk-ins allowed: What to know when touring the world’s best wine regions

β€” May 16th 2024 at 19:19
Appointments are often needed in Europe, but in "New World" regions winemakers employ an open-door approach, allowing visitors to drop in at leisure.
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Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term

β€” May 16th 2024 at 18:13
India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.
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Cramer picks two 'winning' footwear stocks in a β€˜nightmare’ athletic apparel market

β€” May 16th 2024 at 17:45
CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.
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Reddit soars after announcing OpenAI deal that allows use of its data for training AI models

β€” May 16th 2024 at 16:22
OpenAI and Reddit announced a partnership that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.
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Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud

β€” May 16th 2024 at 14:54
Barbara Furlow-Smiles, a Georgia resident who was a diversity manager for Facebook and Nike, was ordered to pay restitution for her theft scheme.
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FDA approves Amgen's treatment for most deadly form of lung cancerΒ 

β€” May 16th 2024 at 15:19
The FDA cleared the Amgen drug, called Imdelltra, as a treatment for patients with advanced small-cell lung cancer.
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Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates

β€” May 16th 2024 at 15:17
Spirit AeroSystems makes fuselages at the plant for Boeing's bestselling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.
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After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation

β€” May 16th 2024 at 14:57
Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.
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The NBA is picking its TV partners β€” and a deal hinges on Warner Bros. Discovery's next move

β€” May 16th 2024 at 17:17
Warner Bros. Discovery's latest talks with the NBA could turn into a legal battle if the league decides to sign an agreement with NBCUniversal, sources said.
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Here are some options to reduce taxes on your savings interest this year

β€” May 16th 2024 at 13:54
Here's how to reduce income taxes on your savings interest amid rate uncertainty from the Federal Reserve.
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Eli Lilly falls on a rival's obesity study β€” plus, we're removing 3 stocks from our watchlist

β€” May 16th 2024 at 13:43
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump lawyer yells at Michael Cohen in cross-examination over call about Stormy Daniels

β€” May 16th 2024 at 13:22
Donald Trump is charged in the case with falsifying business records related to a hush money payment Michael Cohen made to porn star Stormy Daniels.
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Wife of Sen. Robert Menendez has breast cancer, he reveals during corruption trial

β€” May 16th 2024 at 13:06
Sen. Robert Menendez shared the health information about his wife after his attorney cast blame on her in his corruption trial in Manhattan federal court.
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Here are the perks Trump's top donors would receive during the Republican National Convention

β€” May 16th 2024 at 12:55
Donald Trump's top donors are set to be rewarded with perks if they raise or give a certain amount of money in support of the former president.
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Walmart says more diners are buying its groceries as fast food gets pricey

β€” May 16th 2024 at 12:51
Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.
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The salary you need to be considered middle class in every U.S. stateβ€”it's close to $200,000 in 2 of them

β€” May 16th 2024 at 12:49
In several states, a six-figure income qualifies as 'middle class,' per GoBankingRate's analysis. Here are the middle-class income ranges for every state.
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Supreme Court Justice Clarence Thomas pressed on questions over friend's $267,000 RV loan

β€” May 16th 2024 at 12:00
Supreme Court Justice Clarence Thomas has not made clear if he repaid a friend's loan to buy an RV, raising questions about potential tax violations.
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17-year-old got into 2 Ivy League schoolsβ€”her financial aid package helped her decide where to go

β€” May 16th 2024 at 11:43
Angelyn Ansah was surprised to earn admission into two Ivy League universities. One school's timely financial aid offer helped solidify her college decision.
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Why Jim Cramer says Costco is the 'stock to buy off of' Walmart's big quarterly beat

β€” May 16th 2024 at 11:11
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Biden slams Trump as he touts record-high Dow crossing 40,000

β€” May 16th 2024 at 10:55
President Joe Biden and Donald Trump are in the midst of a messaging fight over who has handled the economy better. The Dow hitting 40,000 could help Biden.
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Here's the deflation breakdown for April 2024 β€” in one chart

β€” May 16th 2024 at 10:53
Deflation is the opposite of inflation: It's when prices decline. That has largely occurred for goods such as furniture, appliances and cars in the past year.
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Investing in Space: Boeing inches closer to Starliner launch

β€” May 16th 2024 at 10:12
Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts. It's a debut that is imminent, yet feels bizarrely inconsequential.
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The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius

β€” May 16th 2024 at 10:02
Tens of thousands of investors attended the Berkshire Hathaway shareholders meeting in Omaha, Nebraska this year. I went to see what they were all doing there.
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Supreme Court rules Consumer Financial Protection Bureau funding structure is legal

β€” May 16th 2024 at 10:59
The Supreme Court decision protects the CFPB from the potentially crippling risk that Republicans in Congress will block annual funding for the agency.
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United Airlines says FAA cleared it to start adding new aircraft, routes after safety review

β€” May 16th 2024 at 14:26
United Airlines said in March that the FAA was stepping up its review of the airline after a series of safety incidents.
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Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say

β€” May 16th 2024 at 09:30
As protections and relief options for federal student loan borrowers grow, refinancing your debt may be a risky move, consumer advocates say.
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Roche says weight loss drug shows promising results in early trial

β€” May 16th 2024 at 09:03
The weekly injection helped patients with obesity lose 18.8% of their weight relative to those who received a placebo, after 24 weeksΒ in the phase one trial.
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Jim Cramer's top 10 things to watch in the stock market Thursday

β€” May 16th 2024 at 08:17
Wall Street is set for a low-key open Thursday after the S&P 500, Nasdaq and Dow all closed at record highs.
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Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments

β€” May 16th 2024 at 08:32
Americans are increasingly falling behind on their credit card payments, recent reports show.
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Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says

β€” May 16th 2024 at 08:20
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."
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Auto incentives are back β€” but high interest rates weaken deals for buyers

β€” May 16th 2024 at 08:00
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.
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We're trimming an up-and-down cybersecurity stock that's rallying into earnings next week

β€” May 16th 2024 at 07:57
The sale comes ahead of the cybersecurity company's fiscal third quarter results next week.
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Under Armour is laying off workers as retailer says North America sales will plunge this year

β€” May 16th 2024 at 08:48
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.
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Gold, silver and platinum's red-hot rally still has further to go, strategists say

β€” May 16th 2024 at 07:34
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.
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Oil prices rise as crude inventories fall and U.S. inflation eases

β€” May 16th 2024 at 11:07
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.
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Some data in the market-moving CPI report was released early by the Labor Department

β€” May 16th 2024 at 07:16
Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website.
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Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more

β€” May 16th 2024 at 07:12
These are some of the stocks posting the largest moves in premarket trading.
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Wayfair to open its first large store, as physical locations make a comeback

β€” May 16th 2024 at 07:00
What "retail apocalypse"? Wayfair and other digitally native companies are turning to physical stores for growth as e-commerce profits become more challenging.
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Meta slapped with child safety probe under sweeping EU tech law

β€” May 16th 2024 at 05:29
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.
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How much money the U.S. spends on war

β€” May 16th 2024 at 05:02
American military spending reached $916 billion in 2023, which accounts for more than a third of the world's total military expenditure.
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In-N-Out Burger is one of the 10 best-led companies in America, says new reportβ€”a workplace culture expert isn't surprised

β€” May 16th 2024 at 05:00
In a new ranking of U.S. company leadership, In-N-Out Burger is listed alongside computer chip makers and artificial intelligence businesses. Here's why.
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Microsoft’s carbon emissions have risen 30% since 2020 due to data center expansion

β€” May 15th 2024 at 15:21
The expansion of data centers poses a challenge to tech companies that have set ambitious timelines to eliminate their carbon footprints.
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U.S. inflation data fuels bets of Fed rate cuts as early as September β€” but analysts aren’t convinced

β€” May 16th 2024 at 04:17
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.
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Siemens shares slide over 5.5% on profit drop, slowing automation division

β€” May 16th 2024 at 05:05
German technology giant Siemens on Thursday reported a a decline in earnings in the first three months of 2024 and said its automation division had slowed.
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China announces 15-day visa-free stay in select provinces for cruise travelers to boost tourism

β€” May 16th 2024 at 03:48
Travelers can now stay in China up to 15 days visa-free when entering via cruises, theΒ government announced Wednesday, as part of efforts to woo tourists.
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Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions

β€” May 16th 2024 at 03:32
Microsoft has reportedly asked employees at its China-based cloud-computing and artificial-intelligence operations to consider relocation outside of China.
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India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong

β€” May 16th 2024 at 02:37
India offers a "very favorable" environment for companies to list, said Peak XV Partners.
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Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains

β€” May 16th 2024 at 10:43
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.
β˜‘ β˜† βœ‡ Top News & Analysis

'Biggest barrier' to Saudi-Israeli normalization is the two-state solution, says ex-CIA director

β€” May 16th 2024 at 03:10
"A solid path, a solid commitment to a two-state solution from Israel" is the biggest hurdle to Israel and Saudi's normalization plans, said former CIA director David Petraeus.
β˜‘ β˜† βœ‡ Top News & Analysis

Taylor Swift's Eras Tour could give the UK economy a $1.2 billion boost

β€” May 16th 2024 at 02:24
Barclays says Taylor Swift fans are expected to spend over $1,000 on average to see the singer on the U.K. leg of her Eras Tour.
β˜‘ β˜† βœ‡ Top News & Analysis

Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon

β€” May 16th 2024 at 01:41
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.
β˜‘ β˜† βœ‡ Top News & Analysis

Slovakia's prime minister in stable but 'very serious' condition after assassination attempt

β€” May 16th 2024 at 06:06
Slovakia's Prime Minister Robert Fico is expected to survive an assassination attempt following surgery, according to the country's deputy prime minister.
β˜‘ β˜† βœ‡ Top News & Analysis

As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing

β€” May 16th 2024 at 00:06
Analysts say the relationship is nuanced, deeper than a "marriage of convenience," and complex on a number of fronts.
β˜‘ β˜† βœ‡ Top News & Analysis

Putin tells Xi that Russia-China relations are a 'stabilizing' force for the world

β€” May 16th 2024 at 02:14
Putin's visit to China comes at the invitation of Xi and will be the Russian leader's first foreign trip sinceΒ he began his fifth term in officeΒ last week.
β˜‘ β˜† βœ‡ Top News & Analysis

China’s Shenzhen metropolis sees fastest growth in millionaires globally

β€” May 15th 2024 at 21:02
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.Β 
β˜‘ β˜† βœ‡ Top News & Analysis

China is still an important market even if investors diversify from it now, says Peak XV

β€” May 15th 2024 at 18:00
China will still be an important market in the years to come, said Peak XV, despite firms diversifying away from the country amid geopolitical concerns.
β˜‘ β˜† βœ‡ Top News & Analysis

Cramer says an 'outrageously bullish' combination of stocks is leading the bull market

β€” May 15th 2024 at 17:26
CNBC's Jim Cramer noted that industrial, utility and tech stocks are going up at the same time.
β˜‘ β˜† βœ‡ Top News & Analysis

Palo Alto Networks is buying security assets from IBM to expand customer base

β€” May 15th 2024 at 16:12
Palo Alto Networks is buying IBM's QRadar as part of a bigger partnership between the two companies.
β˜‘ β˜† βœ‡ Top News & Analysis

Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

β€” May 15th 2024 at 15:27
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.
β˜‘ β˜† βœ‡ Top News & Analysis

Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years

β€” May 15th 2024 at 15:27
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.
β˜‘ β˜† βœ‡ Top News & Analysis

Alphabet closes at all-time high as Google rebounds from disastrous start to AI race

β€” May 15th 2024 at 15:23
This week's show-and-tell at Google's annual I/O developers conference went a long way toward restoring investor confidence in the company's AI capabilities.
β˜‘ β˜† βœ‡ Top News & Analysis

It will be even more expensive to borrow money for college this yearβ€”3 tips to cut down costs

β€” May 15th 2024 at 14:31
Students taking out federal loans to pay for undergraduate college degrees will see a fixed interest rate of 6.53%. Use these tips to minimize your costs.
β˜‘ β˜† βœ‡ Top News & Analysis

Netflix ad-supported tier has 40 million monthly users, nearly double previous count

β€” May 15th 2024 at 14:16
Netflix's cheaper, ad-supported tier now has 40 million global monthly active users, nearly double the 23 million the company reported in January.
β˜‘ β˜† βœ‡ Top News & Analysis

Dell surges 11% on optimism it has secured big AI server orders

β€” May 15th 2024 at 15:19
"All-in, we are hearing about more AI server momentum at Dell than at any other OEM," wrote Morgan Stanley's Erik Woodring.
β˜‘ β˜† βœ‡ Top News & Analysis

Danaher's rally shows how sticking with a troubled stock of a good company can pay off

β€” May 15th 2024 at 13:57
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
β˜‘ β˜† βœ‡ Top News & Analysis

High inflation harms older households β€” and two factors determine who is most at risk, research finds

β€” May 15th 2024 at 13:46
Retirees and near retirees face unique dilemmas when it comes to trying to make their money last amid rising prices.
β˜‘ β˜† βœ‡ Top News & Analysis

McDonald's $5 value meal is coming in June β€” and staying for just a month

β€” May 15th 2024 at 13:10
The offering will include four items β€” a McChicken or McDouble, four piece chicken nuggets, fries and a drink.
β˜‘ β˜† βœ‡ Top News & Analysis

Biden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.

β€” May 15th 2024 at 14:10
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.
β˜‘ β˜† βœ‡ Top News & Analysis

Bitcoin is having its best day since March following cooler April inflation reading

β€” May 15th 2024 at 12:25
Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.
β˜‘ β˜† βœ‡ Top News & Analysis

Biden administration extends key deadline for student loan forgiveness

β€” May 15th 2024 at 12:00
Student loan borrowers hoping for a one-time payment count adjustment now have until June 30, after the U.S. Department of Education extended the deadline.
β˜‘ β˜† βœ‡ Top News & Analysis

Justice Department charges MIT brothers with $25 million crypto theft that took 12 seconds

β€” May 15th 2024 at 17:39
The brothers plotted the "first-of-its-kind" cryptocurrency fraud involving Ethereum blockchain over several months, the DOJ said.
β˜‘ β˜† βœ‡ Top News & Analysis

39-year-old self-made millionaire: 7 frugal habits I will never give up, no matter how much money I have

β€” May 15th 2024 at 11:39
Self-made millionaire and entrepreneur Bernadette Joy shares the seven "seemingly silly" but enduring frugal habits that she says helped her build wealth.
β˜‘ β˜† βœ‡ Top News & Analysis

The S&P 500 hits a new record. Here's how we think investors should respond

β€” May 15th 2024 at 11:25
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
β˜‘ β˜† βœ‡ Top News & Analysis

Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

β€” May 15th 2024 at 11:04
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.
β˜‘ β˜† βœ‡ Top News & Analysis

We're trimming a hot bank stock in a very overbought market β€” locking in hard fought profits

β€” May 15th 2024 at 11:00
We're raising cash Wednesday into the stock market's post-consumer price index gains to stay disciplined.
β˜‘ β˜† βœ‡ Top News & Analysis

Financial advisors don't need to fear artificial intelligence, Betterment’s Thomas Moore says

β€” May 15th 2024 at 10:18
Betterment's Thomas Moore recently shared his thoughts on what advisors should know about automation now ahead of the CNBC FA Summit on May 22.
β˜‘ β˜† βœ‡ Top News & Analysis

The top 10 most affordable colleges on the 'New Ivies' list from Forbesβ€”2 are private schools

β€” May 15th 2024 at 10:06
These colleges offer students a top-notch education and they come at a steep discount compared to universities like Harvard and Penn, Forbes reports.
β˜‘ β˜† βœ‡ Top News & Analysis

Here's the inflation breakdown for April 2024 β€” in one chart

β€” May 15th 2024 at 09:45
The consumer price index rose 3.4% in April from a year earlier, marking a decrease from March, according to the Bureau of Labor Statistics.
β˜‘ β˜† βœ‡ Top News & Analysis

β€˜We have to do what we have to do’: Israel’s Netanyahu stands firm on Rafah offensive despite U.S. tensions

β€” May 15th 2024 at 10:01
Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military operation in Rafah in the Gaza Strip.
β˜‘ β˜† βœ‡ Top News & Analysis

Instagram co-founder Mike Krieger joins Amazon-backed Anthropic

β€” May 15th 2024 at 10:00
Instagram co-founder Mike Krieger is joining Anthropic as the chief product officer. Anthropic is one of the hottest artificial intelligence startups.
β˜‘ β˜† βœ‡ Top News & Analysis

Uber announces shuttle rides, features for caregivers and Costco perks

β€” May 15th 2024 at 14:22
Uber on Wednesday announced several new product updates like Uber Shuttle, Costco perks and a feature that lets caregivers book rides for loved ones.
β˜‘ β˜† βœ‡ Top News & Analysis

A half-million school buses across US could become EV battery powerhouse feeding energy back onto the grid

β€” May 15th 2024 at 15:06
Zum and Oakland schools will send power from EV school bus batteries back to the grid, marking a major effort to scale the energy supply stored in vehicles.
β˜‘ β˜† βœ‡ Top News & Analysis

Netflix to stream Christmas Day NFL games for three years

β€” May 15th 2024 at 12:40
Netflix is taking its most significant step yet into live sports with a deal to stream NFL games on Christmas Day.
β˜‘ β˜† βœ‡ Top News & Analysis

529 college savings plans 'are better now than they've ever been,' expert says. Here are key changes for 2024

β€” May 15th 2024 at 09:40
As of 2024, there are more benefits to college savings plans, including the flexibility to roll unused money into aΒ Roth IRAΒ free of tax penalties.
β˜‘ β˜† βœ‡ Top News & Analysis

These are the 10 best-led companies in the country, according to Glassdoorβ€”they have more than just 'a great CEO'

β€” May 15th 2024 at 09:00
The businesses on Glassdoor's inaugural 50 Best-Led Companies ranking share a specific trait, says economist Daniel Zhao: transparent leadership.
β˜‘ β˜† βœ‡ Top News & Analysis

Slovak PM Fico in β€˜life-threatening’ condition after being shot; EU leaders decry 'brutal attack'

β€” May 15th 2024 at 10:11
Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent.
β˜‘ β˜† βœ‡ Top News & Analysis

Biden and Trump agree to debates on June 27 and Sept. 10

β€” May 15th 2024 at 11:49
President Joe Biden previously said he was open to debating his Republican challenger, former President Donald Trump.
β˜‘ β˜† βœ‡ Top News & Analysis

Palo Alto nears a key test that could break it out of Wall Street's penalty box

β€” May 15th 2024 at 05:00
In separate research notes, Barclays and Morgan Stanley shared three reasons that a rebound is underway for Palo Alto.
β˜‘ β˜† βœ‡ Top News & Analysis

Sen. Menendez's wife kept him 'sidelined' about money woes, defense lawyer tells jurors in corruption trial

β€” May 15th 2024 at 17:12
Sen. Robert Menendez, a New Jersey Democrat, and his wife are charged with accepting bribes of cash, gold bars and other items in exchange for official acts.
β˜‘ β˜† βœ‡ Top News & Analysis

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago

β€” May 15th 2024 at 08:53
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
β˜‘ β˜† βœ‡ Top News & Analysis

Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media

β€” May 15th 2024 at 07:30
Amazon made its debut Upfronts pitch to advertisers, putting it on stage with major media networks.
β˜‘ β˜† βœ‡ Top News & Analysis

Singapore’s Lawrence Wong sworn in as new prime minister β€” the first leadership change in 20 years

β€” May 15th 2024 at 07:20
Lawrence Wong takes takes over as prime minister from his predecessor Lee Hsien Loong, who has led the nation state for the last 20 years.
β˜‘ β˜† βœ‡ Top News & Analysis

Sony-backed computing startup heads for rare IPO in sidelined London stock market

β€” May 15th 2024 at 07:07
Raspberry Pi, which makes tiny single-board computers, said in a filing that it is considering an initial public offering on the London Stock Exchange.
β˜‘ β˜† βœ‡ Top News & Analysis

Walgreens to offer its own cheaper version of opioid overdose reversal drug naloxone

β€” May 15th 2024 at 10:37
Walgreens said it will sell a two-dose pack of its naloxone for $34.99, around $10 cheaper than the over-the-counter Narcan nasal spray.
β˜‘ β˜† βœ‡ Top News & Analysis

GameStop, AMC tumble as meme stock rally fizzles after just two days

β€” May 15th 2024 at 15:02
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.
β˜‘ β˜† βœ‡ Top News & Analysis

Mortgage demand from homebuyers drops even as interest rates pull back to April lows

β€” May 15th 2024 at 06:45
Total mortgage application volume increased just 0.5% from one week earlier, according to the Mortgage Bankers Association's seasonally adjusted index.
β˜‘ β˜† βœ‡ Top News & Analysis

CEO: I asked ChatGPT to read my journal from my late 20s and flag my top 10 weaknesses: It was 'alarmingly accurate'

β€” May 15th 2024 at 06:15
Letting ChatGPT analyze the words of his younger self "helped me see what I've learned and understand why I'm happier now than I was then," says Ravin Gandhi.
β˜‘ β˜† βœ‡ Top News & Analysis

Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later

β€” May 15th 2024 at 05:38
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. government to reduce its fiscal deficit sooner rather than later.
β˜‘ β˜† βœ‡ Top News & Analysis

Here's everything to expect from Wednesday's key report on inflation

β€” May 14th 2024 at 15:29
The Labor Department's Bureau of Labor Statistics will provide the consumer price index data Wednesday at 8:30 a.m. ET.
β˜‘ β˜† βœ‡ Top News & Analysis

Baidu’s robotaxi unit expects to turn profitable next year

β€” May 14th 2024 at 23:56
The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue.Β 
β˜‘ β˜† βœ‡ Top News & Analysis

Copper futures hit record high as data center build-up, EV growth fuels demand

β€” May 15th 2024 at 01:22
Copper futures on the NYMEX hit a record $XXX per pound, according to data from FactSet. The metal has gained more than 25% so far this year.
β˜‘ β˜† βœ‡ Top News & Analysis

Putin wants 3 things from Xi as he seeks to deepen Russia-China ties, analyst says

β€” May 15th 2024 at 00:01
Russian PresidentΒ Vladimir Putin's meeting with Chinese leader Xi Jinping in China this week is the latest sign of the deepening strategic ties between both sides. Β Β 
β˜‘ β˜† βœ‡ Top News & Analysis

Trump's Boeing 757 clipped parked plane after landing at Florida airport Sunday, FAA says

β€” May 14th 2024 at 20:27
Former President Donald Trump frequently flies on the Boeing 757 aircraft involved in the collision at West Palm Beach International Airport in Florida.
β˜‘ β˜† βœ‡ Top News & Analysis

China’s international students under pressure as economic uncertainty looms

β€” May 14th 2024 at 19:18
A growing number of overseas Chinese students are running into financial difficulties due to the declining wealth of their families back home.
β˜‘ β˜† βœ‡ Top News & Analysis

China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data

β€” May 14th 2024 at 19:16
As China's economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.
β˜‘ β˜† βœ‡ Top News & Analysis

Google I/O wrap-up: Gemini AI updates, new search features and more

β€” May 14th 2024 at 18:08
Google talked about updates to Gemini, its AI models, its Tensor TPU and more during Google I/O 2024. Here's a recap.
β˜‘ β˜† βœ‡ Top News & Analysis

AMC's meme stock windfall may help it pay down a massive debt load

β€” May 14th 2024 at 15:21
The last time these retail investors rallied around AMC, it avoided bankruptcy. Now, it has a chance to put a dent in its substantial debt load.
β˜‘ β˜† βœ‡ Top News & Analysis

OpenAI co-founder Ilya Sutskever says he will leave the startup

β€” May 14th 2024 at 18:51
OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft-backed startup.
β˜‘ β˜† βœ‡ Top News & Analysis

House Democrat presses oil CEOs for details of Trump's fundraising dinner at Mar-a-Lago

β€” May 14th 2024 at 18:31
In letters to nine oil CEOs, the House Oversight Committee's top Democrat asked for details of any pledges Trump made as he asked them for campaign donations.
β˜‘ β˜† βœ‡ Top News & Analysis

Cramer warns against 'meme stock mania,' says to sell GameStop and AMC

β€” May 14th 2024 at 18:26
AMC and GameStop soared after "Roaring Kitty," the man who helped bring on 2021's enormous short squeeze, posted online for the first time in about three years.
β˜‘ β˜† βœ‡ Top News & Analysis

Google CEO Pichai says company will 'sort it out' if OpenAI misused YouTube for AI training

β€” May 14th 2024 at 18:02
YouTube's videos have been used to help companies with AI model training.
β˜‘ β˜† βœ‡ Top News & Analysis

Why bitcoin hasn't joined the latest meme stock craze this week

β€” May 14th 2024 at 15:24
Bitcoin isn't running alongside meme stocks as it did three years ago.
β˜‘ β˜† βœ‡ Top News & Analysis

Justice Department says Boeing breached 2021 agreement that shielded it from criminal charges over 737 Max crashes

β€” May 14th 2024 at 17:45
The Justice Department said Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges over the two fatal 737 Max crashes.
β˜‘ β˜† βœ‡ Top News & Analysis

Reddit shares close near record after two-day rally driven by meme stocks

β€” May 14th 2024 at 15:31
Reddit shares popped Tuesday after retail traders kicked off a meme stock buying frenzy.
β˜‘ β˜† βœ‡ Top News & Analysis

Tesla is sued over air pollution from factory operations in Fremont, California

β€” May 14th 2024 at 16:04
A California nonprofit has sued Tesla over what it calls the company's "ongoing failure to comply with the Clean Air Act" at its Fremont assembly plant.
β˜‘ β˜† βœ‡ Top News & Analysis

TikTok creators sue U.S. government, say divestiture law violates First Amendment

β€” May 14th 2024 at 15:16
Eight TikTok creators are suing the U.S. government to block the divest-or-ban law, arguing that it violates the First Amendment.
β˜‘ β˜† βœ‡ Top News & Analysis

Disney+ will stream Caitlin Clark's WNBA debut in the platform's first live sports event

β€” May 14th 2024 at 14:55
The WNBA regular season opens tonight with NCAA star Caitlin Clark making her debut. The game will be the first-ever live sports event streamed on Disney+.
β˜‘ β˜† βœ‡ Top News & Analysis

Another subdued day for stocks. Here's our latest thinking on 4 portfolio names including a 'coiled spring'

β€” May 14th 2024 at 13:36
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
β˜‘ β˜† βœ‡ Top News & Analysis

Healthy Returns: 1 in 8 adults have taken Ozempic or other GLP-1s, survey says

β€” May 14th 2024 at 14:58
Many Americans are using GLP-1s despite shortages, a survey says. Meanwhile, Google DeepMind's new AI model can predict the structure of molecules.
β˜‘ β˜† βœ‡ Top News & Analysis

GameStop, AMC attracting a fraction of retail trader interest seen during 2021's meme mania

β€” May 14th 2024 at 13:29
Mom-and-pop traders snapped up shares after the man credited with starting the meme stock mania resurfaced online, though at a lesser extent than seen in 2021.
β˜‘ β˜† βœ‡ Top News & Analysis

Walmart is laying off, relocating hundreds of corporate workers across the country. Read the memo

β€” May 14th 2024 at 13:22
The move follows the closures of the company's health clinics and comes ahead of its earnings report on Thursday.
β˜‘ β˜† βœ‡ Top News & Analysis

Google rolls out its most powerful AI models as competition from OpenAI heats up

β€” May 14th 2024 at 13:19
Google on Tuesday announced new additions to its AI model following a flashy rollout a day earlier from OpenAI.
β˜‘ β˜† βœ‡ Top News & Analysis

Education Dept. announces highest federal student loan interest rate in more than a decade

β€” May 14th 2024 at 13:56
The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.
β˜‘ β˜† βœ‡ Top News & Analysis

GameStop, AMC rallies like 'watching a sitcom on repeat,' expert says. Here are the risks to monitor

β€” May 14th 2024 at 13:57
It can be tempting to follow the clamor for "meme stocks." But experts warn that the prospects for big gains can also mean a risk of large losses.
β˜‘ β˜† βœ‡ Top News & Analysis

We're adding to this battleground position based on some new data out of China

β€” May 14th 2024 at 12:56
Estee Lauder's low stock price may not reflect any improvement in the environment.
β˜‘ β˜† βœ‡ Top News & Analysis

Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows

β€” May 14th 2024 at 12:19
While credit card balances edged down in the first quarter, more borrowers still fell behind on their card payments, the Federal Reserve Bank of New York found.
β˜‘ β˜† βœ‡ Top News & Analysis

It's no surprise to see Amazon shares lower after cloud CEO shakeup

β€” May 14th 2024 at 11:28
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
β˜‘ β˜† βœ‡ Top News & Analysis

Young workers are flocking to these fast-growing job marketsβ€”they're not on the coasts

β€” May 14th 2024 at 10:29
Recent college grads are flocking to Sun Belt states for high-paying jobs, ample opportunity and low costs of living.
β˜‘ β˜† βœ‡ Top News & Analysis

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

β€” May 14th 2024 at 13:04
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.
β˜‘ β˜† βœ‡ Top News & Analysis

People on Novo Nordisk's Wegovy maintain weight loss for up to four years, study says

β€” May 14th 2024 at 10:12
The results shed light on the long-term effects of Wegovy, and could boost Novo Nordisk's case to insurers and governments to cover the costly drug.
β˜‘ β˜† βœ‡ Top News & Analysis

Fat Brands confidentially files to IPO its Twin Peaks and Smokey Bones restaurant chains

β€” May 14th 2024 at 12:16
Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme.
β˜‘ β˜† βœ‡ Top News & Analysis

Amazon Web Services CEO Adam Selipsky to step down

β€” May 14th 2024 at 11:15
The departure of Adam Selipsky, CEO of Amazon's cloud computing business, is the latest high-profile executive exit from the company led by Andy Jassy.
β˜‘ β˜† βœ‡ Top News & Analysis

Comcast offers subscribers Peacock, Netflix and Apple TV+ bundle

β€” May 14th 2024 at 09:04
The announcement comes as major media players, like Disney and Warner Bros. Discovery, increasingly join forces to boost subscriptions for streaming services.
β˜‘ β˜† βœ‡ Top News & Analysis

Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

β€” May 14th 2024 at 08:57
Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.
β˜‘ β˜† βœ‡ Top News & Analysis

Jim Cramer's top 10 things to watch in the stock market Tuesday

β€” May 14th 2024 at 08:09
U.S. stock futures are lower after wholesale prices in April rose more than Wall Street expected.
β˜‘ β˜† βœ‡ Top News & Analysis

Georgia passes 'Russia-style' law on foreign influence despite U.S. warnings and mass protests

β€” May 14th 2024 at 07:53
Georgian lawmakers on Tuesday passed a highly controversial "Kremlin-style" law on foreign influence, despite massive protests in the country.
β˜‘ β˜† βœ‡ Top News & Analysis

Wholesale prices rose 0.5% in April, more than expected

β€” May 14th 2024 at 07:48
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump lawyer calls out Michael Cohen TikTok insults in hush money trial cross-examination

β€” May 14th 2024 at 14:04
Michael Cohen told jurors key details about the alleged awareness and involvement of Donald Trump in hush money payments to a porn star and a Playboy model.
β˜‘ β˜† βœ‡ Top News & Analysis

What to expect for Tesla's Supercharger network now that the team is dismantled

β€” May 14th 2024 at 07:00
Tesla's Superchargers dominate EV charging in North America. But CEO Elon Musk just laid off the entire Supercharging team and now its future is uncertain.
β˜‘ β˜† βœ‡ Top News & Analysis

AMC completes $250 million stock sale during meme rally, shares jump 30%

β€” May 14th 2024 at 12:30
AMC shares soared following news of the sale and was paused for volatility at one point.
β˜‘ β˜† βœ‡ Top News & Analysis

Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries

β€” May 14th 2024 at 08:04
The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions.
β˜‘ β˜† βœ‡ Top News & Analysis

Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit

β€” May 14th 2024 at 16:51
Alibaba posted a beat on revenue in its fiscal fourth quarter ended in March, but the Chinese e-commerce giant's net profit plunged.
β˜‘ β˜† βœ‡ Top News & Analysis

How the Fed’s quest for transparency made markets more volatile

β€” May 11th 2024 at 07:00
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.
β˜‘ β˜† βœ‡ Top News & Analysis

Why OpenAI is the first company to be No. 1 on the CNBC Disruptor 50 list two years in a row

β€” May 14th 2024 at 05:31
OpenAI repeats as the No. 1 company on the 2024 CNBC Disruptor 50 list as AI redefines the way VCs, startups and market giants invest, interact and compete.
β˜‘ β˜† βœ‡ Top News & Analysis

These are the 2024 CNBC Disruptor 50 companies: See the full list of startups riding the AI wave

β€” May 14th 2024 at 05:26
CNBC reveals the 2024 Disruptor 50 list, AI-driven startups moving beyond the 'better, faster, cheaper' mantra that defined Silicon Valley's past.
β˜‘ β˜† βœ‡ Top News & Analysis

β€˜Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars

β€” May 14th 2024 at 05:15
Cole Smead, CEO of Smead Capital Management, told CNBC that it was "frankly stupid" that day traders were piling once again into GameStop and other meme stocks.
β˜‘ β˜† βœ‡ Top News & Analysis

GameStop jumps for a second day, but ends session well off highs as meme enthusiasm starts to fade

β€” May 14th 2024 at 15:00
The meme stock rally kicked off by "Roaring Kitty" continued for a second day as shares from GameStop, AMC, Blackberry and Koss soared.
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Home Depot misses on revenue, as high interest rates hurt sales

β€” May 14th 2024 at 05:49
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.
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