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Today β€” May 21st 2024Top News & Analysis

Millennials are 'quiet vacationing' rather than asking their boss for PTO: 'There's a giant workaround culture'

Younger workers are more likely to say they get nervous when asking for time off, and they're leaving PTO on the table.

Short seller alleges Oddity Tech is misleading investors

Oddity Tech has told investors that its business is online only, but short seller Ningi Research said it operates a fleet of stores in Israel.

Fed Gov. Waller wants 'several months' of good inflation data before lowering rates

Fed Gov. Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.

Here's how to buy renewable energy from your electric utility

More residential consumers are sourcing their electricity from green energy sources like solar and wind. But many still don't know about the option.

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

Palo Alto Networks is better than it looks. Here's why.

World’s first major law for artificial intelligence gets final EU green light

European Union member states on Tuesday agreed the world's first major law for regulating artificial intelligence.

Tech giants pledge AI safety commitments β€” including a β€˜kill switch’ if they can’t mitigate risks

A slew of major tech companies including Microsoft, Amazon, and OpenAI, on Tuesday agreed to a landmark international agreement on artificial intelligence safety at the Seoul AI Safety Summit.

Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion

Scale AI has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion β€” almost double its last reported valuation.

Oil prices drift lower but remain stuck in narrow range as market struggles to find catalysts

U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs.

Trump trial resumes with defense witness Robert Costello after judge scorches him for disrespectful conduct

The criminal hush money trial of former President Donald Trump could see its final witness in a New York courtroom.

Nvidia is talk of the town at AI events leading into this week’s earnings

As tech companies revealed their latest plans for artificial intelligence in the past week, Nvidia's name has been everywhere.

Family offices become prime targets for cyber hacks and ransomware

With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.

Macy’s beats earnings estimates, as turnaround plan shows early progress

Macy's beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale's and Bluemercury stores.

Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users

Nestle's Vital Pursuit brand's initial lineup of 12 items will include frozen bowls with whole grains or protein pasta, sandwich melts and pizzas.

One dead, 30 injured as Singapore Airlines flight encounters severe turbulence

One person has died aboard a Singapore Airlines flight which was diverted to Bangkok due to turbulence.

Lowe's beats on earnings and revenue, even as consumers spend less on DIY projects

The home improvement retailer Lowe's said sales fell again year over year, and it reiterated its full-year earnings forecast.

Iran begins days of nationwide funeral rites for President Ebrahim Raisi after helicopter crash

Services for Raisi will be held between Tuesday and Thursday in Tabriz, Qom, Birjand and Iranian capital Tehran, before his burial in Mashhad.

Britain's inflation rate could be about to drop below the Bank of England's 2% target

The headline inflation rate could be 'momentous,' but markets remain divided on the chance of a June cut and services will be the one to watch.

Trump allied Republicans are changing the GOP's approach to labor, free markets and regulation

To Trump-allied neopopulists corporate CEOs are not the GOP's allies in a war with big government. They are "woke" elitists, pushing liberal cultural values.

Dubai Airports expects record passenger traffic this year, set to top 100 million by 2027

The CEO of Dubai Airports is very bullish about the future and expects passenger traffic to top 100 million by 2027.

AstraZeneca targets $80 billion in total revenue by 2030 in 'post-Covid era'

Pharmaceutical company AstraZeneca is planning to increase its total revenue by 75% and release 20 new medicines by 2030, including cancer treatments.

Trump reports outraising Biden campaign in April, but Dems maintain cash advantage

Donald Trump could be getting a fundraising boost from his hush money trial.

Americans are going into debt to buy groceries. Here's why those balances can be difficult to pay down

Americans have been grappling with higher food costs since 2021. To get relief, some are turning to credit cards, buy now, pay later programs or payday loans.

Steve Jobs' former intern on why college grads should pay $50,000 to work with the best people

Steve Jobs former intern suggests that college grads identify to best people to work for and "then pay them $50,000."
Yesterday β€” May 20th 2024Top News & Analysis

Samsung Electronics names new chief for semiconductor business as AI chip race heats up

The firm aims "to strengthen its competitiveness amid an uncertain global business environment," Samsung Electronics said.

Ether jumps 20% on renewed optimism for an ETF, bitcoin also rallies

Cryptocurrencies rallied amid a late surge in optimism around SEC decisions on spot ether ETF applications, the first of which is due this week.

China's sweeping measures to prop up the property sector will need time to show results

China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.

Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'

JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon's comments dinged the stock.

Palo Alto Networks tumbles on earnings once again. It's another chance to buy the cyber stock

Wall Street's reaction to Palo Alto Networks' report seems overdone. Like its past two earnings sell-offs, we think investors should buy the dip.

Cramer explains why it's important to acknowledge the Dow 40,000 milestone

Cramer stressed how the Dow's record was propelled by stocks in a variety of sectors beyond technology, including industrials, pharmaceuticals and banks.

DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million

Trump Media, the parent company of Donald Trump's Truth Social, debuted on the Nasdaq stock exchange in March.

Peloton shares drop after it announces refinancing to stave off cash crunch

Peloton is in the middle of a broad restructuring as it looks to align the size of its business with its slowing sales and avoid a cash crunch.

How Apple's AI push could do more than just reignite iPhone sales

Melius Research believes Apple's AI-enhanced iPhones could boost multiple parts of the technology giant's business.

Wendy's will offer $3 breakfast deal, as rivals such as McDonald's test value meals to drive sales

Starting Monday, Wendy's will offer a $3 breakfast combination meal deal, following a similar yet limited value meal option by McDonald's.

Analysts say Corona brewer is a buy despite slowdown in sales across the industry

Two Wall Street research firms shoot down worries about a key beer sales metric for Constellation Brands.

How Biden is winning over corporate America behind closed doors

Biden hosted CEOs of United Airlines, Citigroup and Marriott International for a private roundtable at the White House earlier in May.

FDIC Chair Martin Gruenberg to resign after damning workplace harassment probe

A recent report detailing a toxic culture at the FDIC described Chair Martin Gruenberg as having a "temper" and a "short fuse."

JPMorgan CEO Jamie Dimon signals retirement is closer than ever

The ambiguity of Dimon's plans has made succession timing at JPMorgan one of the persistent questions for the bank's investors and analysts.

Supreme Court Justice Alito sold Bud Light stock, then bought Coors during boycott

Samuel Alito sold AB InBev stock and bought Molson Coors on the same day, according to a financial transaction report on the Supreme Court justice.

Exxon faces opposition from CalPERS after 'devastating' anti-ESG activist suit

CalPERS is withholding its support for Exxon CEO Darren Woods after the company sued environmentally focused activist investors.

Microsoft announces new PCs with AI chips from Qualcomm

Microsoft wants to deliver Windows PCs that can keep up with Apple's MacBooks on artificial intelligence performance and strong battery life.

Spirit Airlines gets rid of change and cancellation fees, joining Frontier

Spirit used to charge anywhere between $69 and $119 for ticket changes and cancellations, depending on how close to departure the customer made the change.

Here's our latest thinking on the 3 portfolio stocks reporting earnings this week

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

As student loan forgiveness nears $160 billion, here's what to know about the relief programs

In attempts to fix the country's $1.6 trillion student loan system, the Biden administration has routinely announced forgiveness of large shares of that debt.

With JPMorgan, Mastercard on board in biometric 'breakthrough' year, you may soon start paying with your face

Biometric technology like Amazon's pay-by-palm is already in hundreds of stores. Facial recognition to buy things is next, and restaurants are already using it.

I bought my first home this year: 7 things I wish I'd done before getting serious about my search

My partner and I closed on a two-bedroom apartment in New York City in January 2024.

These home remodeling projects offer the highest return on investment in history, report finds

Not all home renovations deliver the same return on investment, but some can pay off twofold, according to a recent report.

New York AG announces $2 billion settlement with crypto lender Genesis

New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion to make defrauded investors whole again.

Gen Z bosses on the 6 misconceptions people have about them in the workplace: β€˜We see these stereotypes getting in the way’

Some bosses say they don't want to hire Gen Z because they're too difficult. Today's youngest professionals are showing why that's wrong.

OpenAI pulls ChatGPT AI voice over its resemblance to Scarlett Johansson in the movie 'Her'

OpenAI on Sunday announced it would pause one of the voices of ChatGPT, "Sky," which had made waves for its resemblance to actress Scarlett Johansson's voice.

How Macy’s, Kohl’s and Nordstrom are chasing Millennial, Gen Z shoppers

Baby boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.

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

Stock futures were flat Monday as all three averages look to extend their winning streaks.

Shares of Hims & Hers Health surge 27% after startup says it will offer GLP-1 injections

The GLP-1 market has faced supply constraints in recent months as drugs like Ozempic and Wegovy continue to skyrocket in popularity.

Oil prices fall as traders monitor developments in Iran after president's death

Ebrahim Raisi, president of OPEC's third-largest producer, died in a helicopter accident.

Judge blasts Trump defense witness for 'contemptuous' staring, muttering at hush money trial

Closing arguments in the New York criminal hush money trial of Donald Trump will take place after Memorial Day.

Flying is cheaper in 2024. But not for some destinations

Average airline ticket prices are less expensive than they were a year ago. But flights to some areas, especially those abroad, are still high.

WikiLeaks founder Julian Assange can appeal extradition to U.S., UK court rules

WikiLeaks founder Julian Assange has the right to appeal against his extradition to the U.S., a high court in London found Monday.

Red Lobster files for Chapter 11 bankruptcy protection

A disastrous "endless shrimp" promotion and a lease-back agreement orchestrated by Red Lobster's previous private equity owners contributed to its demise.

International Criminal Court prosecutor seeks arrest warrants for Israel's Netanyahu, Hamas leaders

A panel will review the application with an eye to confirm ICC charges of alleged war crimes against Israeli and Hamas leaders.

Are consumers pulling back on spending? It depends on which CEO you ask

Companies like PepsiCo have warned about a weak low-income consumer, while Delta Air Lines and Chipotle have benefited from their high-income customer bases.

Britain expands AI Safety Institute to San Francisco amid scrutiny over regulatory shortcomings

The U.K. said Monday it will open a U.S. counterpart to its AI Safety Summit, a state-backed body testing advanced AI systems, in San Francisco this summer.

Iran's President Raisi is dead. What does the leadership void mean for the country and the world?

All eyes are now on what comes next for the Middle Eastern power, which is home to nearly 90 million people and backs a number of regional proxy groups.

UK stocks are outperforming the U.S. and one CIO says they look 'very cheap'

The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher.

$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says

The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.

Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level

Dublin-based Ryanair said full-year profit after tax jumped 34% and announced a 700-million-euro share buyback program.

Musk launches SpaceX’s Starlink internet services in Indonesia, says more investments could come

Musk said that he was "very excited" to bring internet services to areas with limited or no connectivity.

This 35-year-old turned a local Indonesian coffee stall into a unicorn startup β€” today it brings in $100 million a year

Edward Tirtanata, 35, is the co-founder of Indonesian coffee chain Kopi Kenangan. Today, the company has more than 800 locations across Southeast Asia.
Before yesterdayTop News & Analysis

Iran's President Raisi and Foreign Minister Amirabdollahian killed in helicopter crash, state media says

Iranian President Ebrahim Raisi died in a helicopter crash along with Foreign Minister Hossein Amirabdollahian, state media reported Monday.

Taiwan's new president urges China to stop its 'intimidation' and 'choose dialogue over confrontation'

Taiwan's new President Lai Ching-te urged ChinaΒ to stop its hostile political and military threats against the island and work toward regional peace on Monday.

Here's the moment Nvidia became the AI king and what it must do this week to keep the throne

The zeitgeist of Nvidia's trajectory is so fought that even Jim Cramer dreads Wednesday's closing bell.

Biden confronts 2024 weak spots with young, Black voters at Morehouse commencement

President Joe Biden's Black voter support has fallen since the 2020 election, while former President Donald Trump's has increased, according to recent polls.

Amazon CEO: An 'embarrassing' amount of your success depends on this one skill

Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his β€œbest career advice” in an interview with LinkedIn CEO Ryan Roslansky.

How to own Big Tech and stay diversified, plus learning more about stock buybacks

Yes, it's possible to have a diversified portfolio with three mega-cap stocks in your top five.

From $35,000 to $446,000: What it cost to renovate a $1 home in Italy

Buying a home in the Italian countryside for cheap comes with a catch β€” in one case, to the tune of of nearly half a million dollars.

Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income

Fears about Social Security's future shouldn't be the primary reason for claiming retirement benefits at 62, experts say.

How to buy a great bottle of wineβ€”and which ones to 'stay completely away from,' according to a sommelier

To find a great bottle of wine, your best bet is to enlist help at your local shop. It doesn't hurt to know what to look for on the label, either.

Bill Gates: 'You need to read' this new book about AI and education

Bill Gates' latest book recommendation focuses on the future of artificial intelligence and AI. Here's why the Microsoft co-founder wants you to read it.

Microsoft set to unveil its vision for AI PCs at Build developer conference

Microsoft Build 2024 starts Tuesday, and the company is expected to talk about how Windows will power new "AI PCs."

Top Wall Street analysts like these 3 dividend stocks for high yields

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Realty Income and Ares Capital.

Soaring debt and deficits causing worry about threats to the economy and markets

Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.

What life is like in the world’s happiest country, from a 28-year-old who left the U.S. for Finland

Entrepreneur, content creator and U.S. expat Jade Ventoniemi shares why she loves living in Finland, the world's happiest country.

Here are the portfolio's top 5 performers in a record-setting week for stocks

The Dow closed above the 40,000 level for the first time, while the S&P 500 and Nasdaq Composite both hit records earlier in the week.

Toronto homes are unaffordable, so I bought a houseboat for $250Kβ€”it's 'the best decision I ever made'

Real estate in Toronto was unaffordable for Kate Fincham till she found a houseboat: Now "I spend my summers going for sunrise kayaks and picnics at the beach."

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

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether ETFs.

Are your seasonal allergies worse this year? Here's whyβ€”plus tips for symptom relief

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.

Hall of Famer Dwyane Wade wants to 'maximize each day' of his post-NBA career

The 42-year-old's projects include sports team ownership, TV commentary and writing books.

I toured Warren Buffett's hometown: Despite huge wealth, 'it's all very understated,' says 'Buffettology' author

I took a tour of Omaha, Nebraska, with "Buffettology" author David Clark to learn more about Warren Buffett's lifestyle and hometown.

This 30-year-old won the NYC housing lottery and pays $1,000/month for a luxury 1-bedroom apartmentβ€”take a look inside

Rent for units in Nkenge's luxury building in Manhattan's Flatiron neighborhood typically start at $5,903, according to StreetEasy.

Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each

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.

Activist Corvex could take an amicable approach to help create value at Vestis. How it may unfold

Corvex reveals a stake in uniform supplier Vestis. The firm is suggesting that it’s here for the long term.

Some consumers are punting big purchases like pools and mattresses

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.

Trump-era tax cuts set to expire after 2025 β€” here's what you need to know

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.

How Toyota's Tacoma became king of the U.S. midsize truck market

The midsize Toyota Tacoma truck outsells rivals, including American brands. But the market is increasingly crowded with trucks from Ford, GM, and EV brands.

Media giants lean on sports as Hollywood strikes still loom over content slates

Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.

How Spirit AeroSystems fits into Boeing's rebound plan

Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.

Steve Wozniak: When I die, these are the moments I want to rememberβ€”they don't involve co-founding Apple

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.

Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's

CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.

New York crypto personality used 'Seinfeld' joke in fraud, feds reveal

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.

Mercedes-Benz workers in Alabama vote against UAW union membership

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.

Women are worried about their financial security. That may affect the 2024 presidential election

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.

More and more stocks are joining the market's rally to new highs. Here's why and when to buy

Wall Street's 19-session journey back to all-time highs has been swift but healthy.

The best and the worst sectors in the stock market in this recording-setting week

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

Some vacationers expect to carry summer travel debt, report finds. Here's how to avoid that

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.

Former Trump lawyer John Eastman pleads not guilty in Arizona election case

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.

OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

OpenAI has dissolved its Superalignment team amid the high-profile departures of both team leaders, Ilya Sutskever and Jan Leike.

The class of 2024 is facing a tough job market. Here’s who’s hiring, according to LinkedIn

Despite the competition, industries experiencing staffing shortages like education and construction are still hiring new college grads, Linked reports.

Boeing shareholders re-elect departing CEO Calhoun to board

New board chair Steve Mollenkopf said he has sought feedback on Calhoun's successor from investors and Boeing customers.

BlackRock funds are β€˜crushing shareholder rights,' says activist Boaz Weinstein

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.

Campus protests have called for schools to divest from Israel. Here's how that would actually work

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.

Frontier Airlines does away with change fees in budget airline pricing overhaul

The budget airline's changes come amid the Biden administration's crackdown on so-called "junk fees."

Supreme Court Justice Alito urged to step off Trump election case over U.S. flag controversy

Supreme Court Justice Samuel Alito and the other justices are considering if Donald Trump is immune from prosecution for 2020 election crimes.

Here's what has driven the Dow rally to 40,000, and why it could keep going

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.

DuPont stock hits new high after an analyst's upgrade β€” why we're not buyers here

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

Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis

Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company announced Friday.

1 in 10 young college graduates is 'idled'β€”it could affect their earnings long-term

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.

'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars

Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.

May 17 is your last chance to claim your 2020 tax refund β€” the median payment is $932, IRS says

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.

World's top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event

Louisville police arrested Scottie Scheffler ahead of the PGA Championship. The golfer was charged with felony assault on a police officer and reckless driving.

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

Wall Street heads for a flat open Friday. Reddit shares jump in the premarket while Cracker Barrel slides.

As Tesla layoffs continue, here are 600 jobs the company cut in California

The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.

GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped

GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.

Latest shipping data reveals that mid-range retail is the new consumer price sweet spot

Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.

AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone

CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.

Microsoft's Mistral partnership avoids merger probe by British regulators

Mistral, a French AI firm founded in 2023, won a 15 million euro, or $16 million, investment from Microsoft earlier this year.

China pledges $42 billion in a slew of measures to support the struggling property sector

Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.

Canada Goose jumps 16% after the company reports growth surge in China

Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.

Chinese EV maker Xpeng aims to deliver its first flying car in 2026

Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.

Shares of Cartier owner Richemont climb on record full-year sales, new CEO

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.

Steve Jobs' former intern reflects on working for the tech mogul: 'I worked 20 yards away from him every day'

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.

China is a 'critical' global supplier, full decoupling may be impossible, survey shows

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 

HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake

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.

China consumption slows as retail sales and investment data disappoint

China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

Cramer says these 10 stocks helped the Dow briefly crack 40,000

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.

The Dow's road to 40,000 in one chart

The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.

No walk-ins allowed: What to know when touring the world’s best wine regions

Appointments are often needed in Europe, but in "New World" regions winemakers employ an open-door approach, allowing visitors to drop in at leisure.

Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term

India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.

Cramer picks two 'winning' footwear stocks in a β€˜nightmare’ athletic apparel market

CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.

Reddit soars after announcing OpenAI deal that allows use of its data for training AI models

OpenAI and Reddit announced a partnership that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.

Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud

Barbara Furlow-Smiles, a Georgia resident who was a diversity manager for Facebook and Nike, was ordered to pay restitution for her theft scheme.

FDA approves Amgen's treatment for most deadly form of lung cancerΒ 

The FDA cleared the Amgen drug, called Imdelltra, as a treatment for patients with advanced small-cell lung cancer.

Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates

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.

After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation

Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.

The NBA is picking its TV partners β€” and a deal hinges on Warner Bros. Discovery's next move

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.

Here are some options to reduce taxes on your savings interest this year

Here's how to reduce income taxes on your savings interest amid rate uncertainty from the Federal Reserve.

Eli Lilly falls on a rival's obesity study β€” plus, we're removing 3 stocks from our watchlist

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

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

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.

Wife of Sen. Robert Menendez has breast cancer, he reveals during corruption trial

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.

Here are the perks Trump's top donors would receive during the Republican National Convention

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.

Walmart says more diners are buying its groceries as fast food gets pricey

Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.

The salary you need to be considered middle class in every U.S. stateβ€”it's close to $200,000 in 2 of them

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.

Supreme Court Justice Clarence Thomas pressed on questions over friend's $267,000 RV loan

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.

17-year-old got into 2 Ivy League schoolsβ€”her financial aid package helped her decide where to go

Angelyn Ansah was surprised to earn admission into two Ivy League universities. One school's timely financial aid offer helped solidify her college decision.

Why Jim Cramer says Costco is the 'stock to buy off of' Walmart's big quarterly beat

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

Biden slams Trump as he touts record-high Dow crossing 40,000

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.

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

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.

Investing in Space: Boeing inches closer to Starliner launch

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.

The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius

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.

Supreme Court rules Consumer Financial Protection Bureau funding structure is legal

The Supreme Court decision protects the CFPB from the potentially crippling risk that Republicans in Congress will block annual funding for the agency.

United Airlines says FAA cleared it to start adding new aircraft, routes after safety review

United Airlines said in March that the FAA was stepping up its review of the airline after a series of safety incidents.

Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say

As protections and relief options for federal student loan borrowers grow, refinancing your debt may be a risky move, consumer advocates say.

Roche says weight loss drug shows promising results in early trial

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.

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

Wall Street is set for a low-key open Thursday after the S&P 500, Nasdaq and Dow all closed at record highs.

Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says

The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."

Auto incentives are back β€” but high interest rates weaken deals for buyers

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.

We're trimming an up-and-down cybersecurity stock that's rallying into earnings next week

The sale comes ahead of the cybersecurity company's fiscal third quarter results next week.

Under Armour is laying off workers as retailer says North America sales will plunge this year

Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.

Gold, silver and platinum's red-hot rally still has further to go, strategists say

Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.

Oil prices rise as crude inventories fall and U.S. inflation eases

West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.

Some data in the market-moving CPI report was released early by the Labor Department

Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website.

Wayfair to open its first large store, as physical locations make a comeback

What "retail apocalypse"? Wayfair and other digitally native companies are turning to physical stores for growth as e-commerce profits become more challenging.

Meta slapped with child safety probe under sweeping EU tech law

Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.

How much money the U.S. spends on war

American military spending reached $916 billion in 2023, which accounts for more than a third of the world's total military expenditure.

In-N-Out Burger is one of the 10 best-led companies in America, says new reportβ€”a workplace culture expert isn't surprised

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.

Microsoft’s carbon emissions have risen 30% since 2020 due to data center expansion

The expansion of data centers poses a challenge to tech companies that have set ambitious timelines to eliminate their carbon footprints.

U.S. inflation data fuels bets of Fed rate cuts as early as September β€” but analysts aren’t convinced

Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.

Siemens shares slide over 5.5% on profit drop, slowing automation division

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.

China announces 15-day visa-free stay in select provinces for cruise travelers to boost tourism

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.

Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions

Microsoft has reportedly asked employees at its China-based cloud-computing and artificial-intelligence operations to consider relocation outside of China.

India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong

India offers a "very favorable" environment for companies to list, said Peak XV Partners.

Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains

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.

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

"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.

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

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.

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

Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.

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

Slovakia's Prime Minister Robert Fico is expected to survive an assassination attempt following surgery, according to the country's deputy prime minister.

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

Analysts say the relationship is nuanced, deeper than a "marriage of convenience," and complex on a number of fronts.

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

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.

China’s Shenzhen metropolis sees fastest growth in millionaires globally

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 

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

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.

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

CNBC's Jim Cramer noted that industrial, utility and tech stocks are going up at the same time.

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

Palo Alto Networks is buying IBM's QRadar as part of a bigger partnership between the two companies.

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

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

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

Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.
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