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Cramer's gig economy roundup: Where he stands on Uber, Lyft, DoorDash and Instacart

CNBC's Jim Cramer on Monday gave investors his take on four major stocks in the gig economy sector.

Cramer says new AI technology can't help bring down inflation just yet

CNBC's Jim Cramer on Monday said he is hopeful new AI technology will cut costs, but it will not help lower interest rates any time soon.

Amazon-backed Anthropic launches its Claude AI chatbot across Europe

Anthropic says that, starting Tuesday, individuals and businesses in Europe will be able to access its Claude chatbot through the web and via an iOS mobile app.

GameStop stock surges over 70%β€”but investors should still be wary of 'meme stocks'

Roaring Kitty returns to social media, GameStop's stock surges and short sellers lost over $1 billion. However, investors should be wary of chasing meme stocks.

Apple's new iPad Pro is thin and fast, but the software needs an update

CNBC reviews the new 13-inch iPad Pro 2024. It's super thin and has a fast M4 processor, but the software needs an update.

Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in

Experts are taking a new look at a retirement-planning rule of thumb for how much retirees can safely withdraw from their portfolios.

Sen. Menendez bribery trial starts with judge scolding lawyers on 'gamesmanship'

Sen. Robert Menendez, D-N.J., is accused of accepting bribes in the form of cash, gold bars and other gifts in exchange for official acts.

Your home sale could trigger capital gains taxes. Here's how to calculate your bill

Home prices are rising, and selling your primary home could trigger capital gains taxes. Here is how to calculate your tax bill.

OpenAI gives a shoutout to Nvidia β€” plus, a new industrial stock joins our watchlist

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

10 states with the biggest Biden infrastructure funding include key battlegrounds

President Joe Biden's landmark funding bills include the Bipartisan Infrastructure Law, CHIPS and Science Act and the Inflation Reduction Act.

Airlines ask court to block Biden administration's new fee disclosure rule

Trade group Airlines for America said new rule requiring earlier disclosure of add-on fees during flight booking will "confuse consumers."

Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker

Novavax said the deal with Sanofi allows it to remove its "going concern" warning, which it first issued last year due to doubts about staying afloat.

OpenAI launches new AI model GPT-4o and desktop version of ChatGPT

OpenAI on Monday introduced a new AI model and a desktop version of ChatGPT, its popular chatbot.

Top Republican donors fund group doxxing pro-Palestinian college students

Accuracy in Media's 2022 tax return lists donations from billionaire Jeff Yass and the family foundations of Richard Uhilien, Adam Milstein and Peter Coors.

Google and Apple partner to fight location tracker stalking

The move is the latest sign that the two companies are working to address the downside of wireless trackers like Apple's AirTag.

Cocoa prices tumble 19%, giving up a chunk of their record-setting gains

Earlier in the year, cocoa futures hit a record of $11,722 per metric ton.

Jim Cramer sees more room for Honeywell to climb as the stock shakes off rough start to 2024

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Melinda French Gates to resign from Gates Foundation, will pursue own philanthropy with $12.5 billion grant

Bill Gates, the founder of Microsoft, and Melinda French Gates divorced in 2021 but since then have continued to operate the Gates Foundation together.

Parent of CycleBar, Pure Barre fitness studios sees shares whipsaw after CEO ousted, federal probe disclosed

The parent company of CycleBar and Pure Barre studios said CEO Anthony Geisler would be suspended indefinitely and also disclosed a federal investigation.

Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows

On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.

GameStop short sellers lost almost $1 billion in Monday's monster rally

Short-selling hedge funds suffered a mark-to-market loss of $838 million in the brick-and-mortar video game retailer.

Amazon's Zoox under investigation by NHTSA after two crashes

Two Toyota Highlanders equipped with Zoox's automated self-driving technology braked unexpectedly, causing motorcyclists to rear-end the vehicles.

'The house is burning down': Money expert's advice for a couple with over $620,000 in debt

Kevin and Michelle have a young child and another on the way. But credit card debt and two big auto loans are preventing them from saving for the future.

Media companies look to woo advertisers as spending shifts to digital

Media giants are gearing up to woo advertisers at the annual Upfronts this week. Here's what the media landscape looks like in a moment of disruption.

Microsoft and Amazon to invest $5.6 billion into France as Macron courts tech giants

Microsoft and Amazon are ploughing billions of dollars into France.

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

Stocks are set to open Monday's session higher. Inflation data and the start of retail earnings are key themes this week.

This type of employee is more prone to burnout, says Ivy League stress expertβ€”here's why

While identifying closely with your career isn’t necessarily bad, it makes you vulnerable to burnout if you lose sight of your own self-care.

Here’s how much housing prices have skyrocketed over the last 50 years

Homebuyers are spending more than double what they used to pay in previous decades, even after adjusting for inflation.

How new grads can land a job after college, even as employers cut back on class of 2024 hires

Those armed with a newly minted diploma are enteringΒ a job market that looks a little less promising than it did a year ago.

Squarespace to go private in $7 billion private-equity deal

Permira agreed to take Squarespace private less than three years after it first went public in 2021.

Trump said 'This is a disaster' after hearing Stormy Daniels could go public, Michael Cohen testifies

Michael Cohen could be the pivotal witness against Donald Trump, who is the first former president to go on trial in a criminal case.

Google's Demis Hassabis is the man tasked with turning bleeding-edge AI research into profits

Google has long counted on Demis Hassabis for his genius in artificial intelligence. But whether he can create products that customers love is a big question.

U.S. sounds alarm as thousands in Georgia's capital protest 'Kremlin-style' foreign influence bill

White House national security advisor Jake Sullivan said over the weekend that the U.S. was "deeply alarmed" about democratic backsliding in Georgia.

GameStop, AMC soar more than 70% each as β€˜Roaring Kitty’ meme trader resurfaces

GameStop shares soared Monday after "Roaring Kitty" posted online for the first time in roughly three years.

NRF rejects Shein membership as retailer pursues U.S. IPO

If Shein gets a stamp of approval from the NRF, it could help legitimize the retailer in the eyes of lawmakers and clear its path to a U.S. IPO.

No 'credible plan': U.S.' Blinken issues harshest criticism yet of Israel's Gaza operations

The Biden administration opposes an Israeli invasion of Rafah, where more than 1.2 million displaced Palestinians are currently sheltering.

Britain faces its 'most dangerous' years in history, PM Rishi Sunak warns in preelection bid

The British Prime declared Monday that Britain is at a "crossroads" as he seeks to reignite waning support for his ruling Conservative Party.

SoftBank Vision Fund posts first annual gain in 3 years, up $4.6 billion

SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended March.

Musk's X wins court reprieve in fight against Australian government over church stabbing videos

Bishop Mar Mari Emmanuel was stabbed during a livestreamed sermon that was widely circulated online, racking up hundreds of thousands of views. Β 

Displaying art in your home? Here are some do's and don'ts

Where and how to hang pictures and other artworks can feel like a challenge. CNBC spoke to experts for their display tips.

SoftBank's Arm to reportedly launch AI chips by 2025 to capture explosive demand

The U.K.-based chip designer, in which SoftBank has a 90% stake, will set up anΒ AI chip unit to build a prototype byΒ springΒ 2025, according to the report.

AI may not replace you, but someone who uses it can β€” here's the No. 1 skill you need to stay relevant

In this era of artificial intelligence, it has become increasingly important to learn how to use AI. Here's the one skill you must have to stay relevant.

β€˜I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes

A group of around 1,500 homebuyers have yet to see the apartments they paid for about eight years ago, as challenges persist in China's property sector.

The restaurant stocks that are killing it in this market have one thing in common

It should be obvious to every CEO that the winners in the restaurant space are doing this.

From Mike Tyson-Jake Paul fight to NFL games, Netflix interest in live sports is rising

Netflix's newest foray into live sports streaming will help the platform gauge viewers' and advertisers' interest in the realm.

In the EV future, Thailand, the 'Detroit of Asia,' could be a key China hedge for automakers

There's reason to believe a manufacturing shift to Thailand could be coming for the EV automaker economy. The U.S.-China politics don't hurt.

The most in-demand work-from-anywhere jobs companies are hiring for in 2024β€”they're not all in tech

To help job-seekers find the best remote, flexible gigs, FlexJobs has identified the most in-demand work-from-anywhere jobs companies are hiring for right now.

Buy, sell or hold? Knowing a stock's PEG ratio can help decide. What it is and how to use it

Determining the value of a stock and what price-per-share you are willing to pay is both an art and a science.

Paid time off for pregnant women could go national as work movement, led by New York

Paid leave from work for prenatal care is poised to see a national push after New York became the first state to mandate it for women's health.

24-year-old earns $50,000 a year living in a town of 121β€”how she spends her time and money

What it's like to date, work and make friends as a Gen Zer in Medora, North Dakota.

A Harvard education costs over $82,000 a yearβ€”here's how much students actually pay

Generous financial aid packages allow low-income students to go to Harvard University at a steep discount β€” if they can get in.

Fewer homeowners are remodeling, but demand is still 'solid'

Many Americans were renovating their homes early in the Covid-19 pandemic, boosting remodel activity up until 2022. That's no longer the case.

Top Wall Street analysts are feeling confident about these 3 stocks after earnings

TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Apple and Shake Shack.

3 toxic phrases that highly successful people never use, according to psychologists and public speaking experts

Highly successful people often have positive and optimistic inner monologues, psychologists say. Here are three toxic phrases to avoid telling yourself.

World's No. 1 pickleball player says he makes $2.5 million a yearβ€”up tenfold from 2021: 'We haven't reached the top'

Top-ranked pickleball player Ben Johns says he'll make $2.5 million in salary alone this year, following a private equity-funded merger of the PPA Tour and MLP.

41-year-old who make $160,000 a month in passive income: This is 'the business model that has set me free'

Entrepreneur Graham Cochrane's businesses bring in $160,000 a month in passive income. He shares the business model that "set him free."

Inflation is slowing. Here's why prices still aren’t going down

Americans are still feeling the pressure of high prices despite reports of inflation slowing and wages increasing.

Despite reasons for Ford's latest EV sales surge, there's a lot going right at the automaker

Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double.

Donald Trump shuts down rumors about considering Nikki Haley for vice president

Donald Trump has several names on his VP shortlist already, including Sen. Tim Scott, Rep. Elise Stefanik and Gov. Doug Burgum.

Do this 1 thing to curb your kid's anxiety today, says lead researcher behind 'The Anxious Generation'

If you want to make a change today that will positively impact your child's health start by talking to your kids' friends' parents.

Photos from across the globe show spectacular displays of the aurora borealis

The aurora borealis is typically only visible in high north latitudes, but this time, it stretched as far south as Louisiana.

It's hard to resist the pull of the 'good old days,' nostalgia researcher saysβ€”here's why

Gen Zers with flip phones and new music artists sampling classic tunes are proof that nostalgia is something we seek. Here's why we desire the emotion.

This inflation-focused ETF may be in a sweet spot

Horizon Kinetics' James Davolos thinks his firm's inflation-focused ETF is "ideally positioned" for gains this year.

NHL's Coyotes CEO, other Latino executives launch platform to promote Hispanics in sports

A group of Latino executives are starting an organization to promote Hispanic advancement within the sports industry.

10 U.S. cities where home prices increased the most this yearβ€”4 are in Illinois

Prices for existing single-family homes in the U.S. are up 5% year over year as of April, after decreasing by 2.86% year over year as of April 2023.

Activist Elliott settles for a new director at Sensata. These next steps may help boost shares

The activist investor settled for a new independent director and an interim CEO.

I've studied the science of happiness for 10 yearsβ€”here are 10 sentences I try to use every day

Your words have the power to make someone feel seen, heard, and loved, says Stephanie Harrison, author of "New Happy." Here are 10 phrases to use every day.

Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

It took a total of 12 months and a number of iterations for Yu Shu to finish the final version of the Munger bust.

Nvidia's CEO 'had no idea how to' start his $2 trillion company, and wouldn't do it again: 'Nobody in their right mind would do it'

Jensen Huang and his two Nvidia co-founders had no experience running a business when they launched Nvidia in 1993. That was an advantage, according to Huang.

How American carmakers lost ground in China

Detroit automakers like General Motors made a fortune selling cars to Chinese consumers. But Chinese firms have caught up.

From Burger King to Panda Express, 7 places you can get Mother’s Day freebies and discounts this weekend

From burgers to smoothies, these restaurants want to help treat moms to something special and affordable on Mother's Day.

Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown

Chipotle Mexican Grill, Wingstop and Sweetgreen all beat Wall Street's estimates for their quarterly same-store sales growth.

The rule capping credit card late fees at $8 is on hold β€” here’s what it means for you

The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the rule would've saved Americans $10 billion a year.

Cramer's week ahead: Earnings from Home Depot, Alibaba, Walmart

CNBC's Jim Cramer on Friday guided investors through next week's market action.

Goldman Sachs and American Express are among the leading companies for working parents in 2024, new study shows

It can be challenging to juggle raising a family while working full time. Just Capital's research points to five leading companies where it might be possible.

Elon Musk's X loses lawsuit against Bright Data over data scraping

A federal judge in California dismissed a lawsuit filed byΒ Elon Musk'sΒ X against Israel's Bright Data, and said X "wants it both ways."

Biden plans for higher taxes on the ultra-wealthy and corporations to extend middle-class tax breaks

President Joe Biden's top economic advisor Lael Brainard is calling for higher taxes on the ultra-wealthy and corporations to pay for middle-class tax breaks.

Missed the last student loan forgiveness deadline? There may still be other options for relief

Some of the student loan borrowers who missed the April 30 deadline to qualify for quicker debt forgiveness may still be eligible for other relief options.

Could your buy now, pay later loans affect your credit score? Here's what you need to know

Up until now, buy now, pay laterΒ loans have been hard to track, making it easier for more households to get in over their heads. That may be about to change.

Starbucks should take a page from McDonald's to get customers back in its stores

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

What to know before you buy a house overseas β€” and 3 steps to smooth the process

Buying a property abroad can be a dream for many Americans. But it's not a decision one should make on whim; multiple factors can easily complicate the process.

McDonald’s is working to introduce a $5 value meal

The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands.

Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86

Jim Simons, a legendary mathematician who founded quantitative hedge fund Renaissance Technologies, passed away on Friday.

Sweetgreen shares soar 34% after company beats revenue expectations

Shares of the salad chain surged 34% Friday after the company's revenue beat analysts' expectations during its fiscal first quarter.

How retailers like Best Buy, T.J. Maxx and Home Depot quietly target 'problem' returners

The latest crackdown on returns is only that latest effort by retailers to tamp down on return losses, with many U.S. names using third-party tracking software.

Cramer: This chip stock is not on anyone's radar but is 'about to break out here'

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

AI washing: A Microsoft VC's warning about dubious, and rising, corporate artificial intelligence claims

As AI grows in popularity, more companies claim to use it even when they don't, or when it's tangential to the business model rather than embedded in it.

We're trimming this consumer goods stock that's been on a run over the past month

In keeping with our discipline when theΒ S&P Oscillator is overbought, we're raising some cash this morning.

Biden and Netanyahu's fraught relationship hits new low after U.S. pauses weapons shipment

The PentagonΒ confirmed that the administration paused the delivery to Israel of a shipment of 1,800 2,000-pound bombs and 1,700 500-pound bombs.

Trump White House aide Steve Bannon loses appeal of contempt of Congress conviction

Former Trump White House aide Steve Bannon flouted a House committee subpoena in connection with its Jan. 6 U.S. Capitol riot probe.

Ford names ex-Lucid Motors exec as next CFO, promotes current chief

Ford named the former CFO of electric-vehicle startup Lucid to replace its current CFO, who is being promoted to closely oversee the company's turnaround plan.

Consumer sentiment tumbles as inflation fears surge

The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.

Climate protesters try to break into Tesla's Germany factory, multiple people arrested

Police blocked protesters trying to get onto the Tesla grounds at its Berlin-Brandenburg factory, Brandenburg police told CNBC.

$3,500 in New York, $8,000 in LAβ€”renters reveal what they pay: 'It's just crazy how expensive it is here'

New Yorkers and Angelenos share how much they spend on rent in those big cities and if the believe the massive expense is worth the money.

Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street

Rivian, Lucid and Nikola this week each detailed plans to reduce costs while attempting to grow operations and make their first profits.

Michael Cohen on deck as Trump prosecutors say they could rest case next week

The Donald Trump hush money trial wrapped up a week that featured testimony from porn star Stormy Daniels and two former White House aides.

Sam Altman's nuclear energy company Oklo plunges 54% in NYSE debut

Sam Altman, best known as the CEO of OpenAI, is also chairman of a nuclear power company called Oklo, which has just gone public through a SPAC.

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

Wall Street is poised for another higher open Friday. The Dow is on a seven-session winning streak. The S&P 500 aims to top March all-time high.

Op-ed: My kids have credit cards and yours should, too

Adding your child as an authorized user on your credit cards can be a smart way to set them up for financial success. Here's what to know.

An art market full of cracks is about to face a $1 billion test

While the spring sales typically have more than a dozen works offered for more than $30 million each, this year there are just a few.

Social Security Administration changes rules on rental, food assistance to expand access for low-income households

Supplemental Security Income benefits have not been updated in years. Several rule changes to take effect in September are aimed at improving accessibility.

Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years

A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.

Moderna says FDA delayed RSV vaccine approval to end of May

The FDA has not informed Moderna of any issues related to the vaccine's safety, efficacy or quality that would prevent its approval, the biotech company said.

Novavax shares nearly double on Sanofi deal to commercialize Covid vaccine, develop combination shots

The deal will allow Novavax to lift its "going concern" warning, which it first issued in 2023 due to having "substantial doubt" about its ability to survive.

Planet Fitness is raising prices even as it warns customers are growing cost-conscious

Starting this summer, classic card membership will be priced at $15 per month for new members, up from $10 per month.

UK economy emerges from recession with 0.6% growth in first quarter

The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.

CNBC's Inside India newsletter: A disconnected stock market

This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.Β 

The U.S. is now Germany’s biggest trading partner β€” taking over from China

After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.

House committee asks Microsoft's Brad Smith to attend hearing on security lapses

Microsoft has been facing pressure after Chinese hackers breached Commerce Secretary Gina Raimondo's email account. Congress wants to get involved.

European companies in China are under pressure from slower growth, overcapacity

European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.

Cramer says to stick with good companies even when facing short-term losses

CNBC's Jim Cramer reviewed Nvidia, Apple, Amazon and Tesla through a long-term lens, saying they have "riveting stories and temperamental stocks."

Tesla accused by NLRB of creating policies to chill workers' unionizing efforts in Buffalo

The NLRB is accusing Tesla of taking steps to keep employees in Buffalo, New York, from unionizing, according to a complaint filed late Wednesday.

Chinese EV maker Zeekr prices IPO at $21, at the top end of range

Chinese electric vehicle maker Zeekr will reportedly price its initial public offer at $21 a share Thursday.

Apple apologizes for iPad Pro ad showing hydraulic press destroying guitars, piano

Apple on Thursday took the unusual step of apologizing for a short advertising video promoting the company's new iPad Pro tablet.

Promoters of Mike Tyson-Jake Paul Netflix fight offer $2 million VIP package

The boxing fight between Mike Tyson and Jake Paul is already sparking high ticket prices and significant bettor interest.

IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17

There is still $1 billion in unclaimed tax refunds from 2020, but the deadline to collect your payment is approaching. Here's what late filers need to know.
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