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Warren Buffett says AI scamming will be the next big 'growth industry'

β€” May 4th 2024 at 11:04
Artificial intelligence has both "enormous potential for good and enormous potential for harm," the investing guru said during Berkshire's annual meeting.
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'A lot of money on the sidelines': Calamos Investments thinks ETFs should target CD, money market customers

β€” May 4th 2024 at 10:00
There may be an untapped market for exchange-traded funds.
β˜‘ β˜† βœ‡ Top News & Analysis

Why Warren Buffett’s shareholders line up at 2 a.m. to see him in Omaha: He’s 'the guy who changed our life'

β€” May 4th 2024 at 09:44
I arrived to the Berkshire shareholders meeting at 4 a.m. Hundreds of investors were already in line. I asked them why.
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'The Google effect' can lead you into this common mental trapβ€”here's how to avoid it

β€” May 3rd 2024 at 19:16
The search engine can feed one's availability bias, or the tendency to think easily accessible information is the most factual information.
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Earnings will drive the market next week β€” what we expect from 2 portfolio stocks

β€” May 4th 2024 at 09:00
Without any major economic reports, earnings β€” especially forward guidance and management commentary β€” will drive the action.
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Marine moved from the U.S. to Brussels with her familyβ€”our mortgage is under $3,000/month: Take a look inside

β€” May 4th 2024 at 09:00
In Belgium, "we can embrace a slower pace of life and a culture that prizes friends and vacations at least as much as work," says Jessica van Dop DeJesus.
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Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion

β€” May 4th 2024 at 08:35
Berkshire Hathaway reported a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels.
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These 10 colleges may be as good as the Ivy League, according to Forbes

β€” May 4th 2024 at 08:00
Ivy League institutions are incredibly difficult to get into. But these colleges may offer students a better shot at admission and just as good an education.
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Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarter

β€” May 4th 2024 at 07:48
Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.
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Jensen Huang started his $2 trillion company Nvidia at a Denny's breakfast booth

β€” May 4th 2024 at 07:15
Jensen Huang, a former Denny's busboy, returned to the breakfast restaurant in 1993 to start Nvidia with two friends. Now, the chipmaker is worth $2.2 trillion.
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Why election polls were so wrong in 2016 and 2020 β€” and what's changing to fix that

β€” May 4th 2024 at 07:00
2016 election polls estimated Hillary Clinton had a 90% chance of beating Donald Trump.
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Activist Nihon Global puts forth ideas to build shareholder value at noodle giant Toyo Suisan

β€” May 4th 2024 at 06:33
Nihon Global's proposal at Toyo Suisan is a lesson on shareholder activism in Japan.
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Star Wars was the first Lego license β€” 25 years later, it's stronger than ever

β€” May 4th 2024 at 06:00
The Star Wars license was the first of its kind for Lego. Now, it has become a blueprint for the company's other brand deals.
β˜‘ β˜† βœ‡ Top News & Analysis

Cramer's week ahead: Earnings from Disney, Uber and Warner Bros. Discovery

β€” May 3rd 2024 at 17:42
CNBC's Jim Cramer on Friday guided investors through an earnings-packed week on Wall Street.
β˜‘ β˜† βœ‡ Top News & Analysis

Warren Buffett’s shopping extravaganza kicks off with Squishmallows pit, 'Poor Charlie’s Almanack'

β€” May 3rd 2024 at 16:25
The Oracle of Omaha's annual event kicked off with wares from See's Candies to the latest Squishmallows of Warren Buffett and Charlie Munger.
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Here's how much money you'd have lost if you invested $1,000 in Peloton when it went public

β€” May 3rd 2024 at 15:35
Over the past years, Peloton's share price has declined significantly. Here's how much a $1,000 investment made in 2019, 2021 and 2023 would be worth now.
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Skittles is giving away a 1-year stay in an NYC micro-apartment that usually rents for $3,500/month: Take a look inside

β€” May 3rd 2024 at 15:24
The giveaway is a promotional stunt for the brand's new Skittles Littles candy.
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Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions

β€” May 3rd 2024 at 14:45
Berkshire Hathaway has been amassing a stake in Apple since 2016, and now owns about 6% of the iPhone maker.
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Cramer: Why Apple's Vision Pro could contribute to earnings sooner than expected

β€” May 3rd 2024 at 14:12
Apple's earnings report Thursday night left little doubt the tech giant is leaning heavily into enterprise opportunities for the Vision Pro.
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What borrowers need to know as the Public Service Loan Forgiveness program goes on a partial processing pause

β€” May 3rd 2024 at 13:52
The popular Public Service Loan Forgiveness program will be partially paused from May 1 through July, the U.S. Department of Education recently said.
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Dave & Buster's plan to allow betting on arcade games draws scrutiny

β€” May 3rd 2024 at 13:38
An Illinois lawmaker is proposing legislation to prevent wagering at family entertainment venues, saying such companies don't have proper safeguards in place.
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Guo Wengui chief of staff Yvette Wang pleads guilty to $1 billion fraud conspiracy in New York

β€” May 3rd 2024 at 12:47
Guo Wengui, an associate of Trump White House advisor Steve Bannon, is due to stand trial in the fraud case in New York federal court in several weeks.
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The top 5 countries where companies are scooping up American tech workers

β€” May 3rd 2024 at 12:05
Companies around the world are eager to hire U.S. tech talent.
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Inside US airport terminals, banks are merging elite travel clubs with branch offices

β€” May 3rd 2024 at 17:38
Airport terminal bank branches with airline club amenities are growing as financial brands seek to catch the attention of travelers and remote workers.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump trial: Former top aide Hope Hicks cries as cross-examination begins

β€” May 3rd 2024 at 14:51
Judge Juan Merchan has yet to rule on whether Donald Trump once again violated the gag order barring him from speaking about jurors and witnesses.
β˜‘ β˜† βœ‡ Top News & Analysis

The No. 1 skill companies are hiring for is also the hardest to find, according to new research

β€” May 3rd 2024 at 11:00
β€œA strong work ethic” is the top skill companies are looking for in new hires, but is one of the hardest to find, according to new research from ADP.
β˜‘ β˜† βœ‡ Top News & Analysis

Berkshire Hathaway’s big mystery stock wager could be revealed soon

β€” May 3rd 2024 at 10:59
Warren Buffett's bet, shrouded in mystery, has captivated Berkshire Hathaway investors since first appearing in disclosures late last year.
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Japan's finance minister says yen intervention may be necessary when there are 'excessive' moves

β€” May 3rd 2024 at 10:54
Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country's policymakers if the yen moved in sharp directions.
β˜‘ β˜† βœ‡ Top News & Analysis

Immigrant workers are helping boost the U.S. labor market

β€” May 3rd 2024 at 10:51
The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.
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Jobless rates rise in April for all racial groups except Black Americans

β€” May 3rd 2024 at 10:47
The unemployment rate for Black Americans slid in April, bucking the trend in other demographic groups.
β˜‘ β˜† βœ‡ Top News & Analysis

Talent war between family offices and Wall Street drives up salaries

β€” May 3rd 2024 at 10:46
Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.
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Here's where the jobs are for April 2024 β€” in one chart

β€” May 3rd 2024 at 10:33
Health care and social assistance led the way, while construction hiring slowed.
β˜‘ β˜† βœ‡ Top News & Analysis

Here's what's driving Friday's stock action in Apple, Coterra and Eli Lilly

β€” May 3rd 2024 at 10:31
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Interest rates are staying highβ€”how to make them work in your favor

β€” May 3rd 2024 at 10:04
The U.S. Federal Reserve is keeping its benchmark interest rate at its current decades-long high. Savers and borrowers can take advantage of the moment.
β˜‘ β˜† βœ‡ Top News & Analysis

First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett

β€” May 3rd 2024 at 10:00
The absence of Charlie Munger will be on everyone's mind when Berkshire Hathaway's annual shareholder meeting kicks off Saturday in Omaha.
β˜‘ β˜† βœ‡ Top News & Analysis

Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback

β€” May 3rd 2024 at 15:15
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.
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Amgen stock soars on weight loss injection progress as Novo Nordisk, Eli Lilly shares slide

β€” May 3rd 2024 at 09:44
Amgen's update fueled concerns about potential new competition in the weight loss drug market, sending shares of Novo Nordisk and Eli Lilly lower.
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32-year-old mom's Poshmark side hustle brings in nearly $4,000 a monthβ€”she only works 3 to 4 hours a day

β€” May 3rd 2024 at 09:43
Maria Jones started selling clothing on Poshmark in October 2017. She's since grossed more than $300,000 on the site altogether.
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Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks

β€” May 3rd 2024 at 09:35
Skydance is likely to walk away from its Paramount offer unless controlling shareholder Shari Redstone reaffirms her commitment following the Apollo-Sony bid.
β˜‘ β˜† βœ‡ Top News & Analysis

Lithium giant Albemarle’s plans to reopen a rich mine in North Carolina will take years to complete

β€” May 3rd 2024 at 09:35
Eric Norris, president of energy storage at Albemarle, said progress has slowed as the company faces headwinds from a collapse in lithium prices.
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34-year-old pays $4,150/month for a 1-bedroom apartment above a mall in Miamiβ€”take a look inside

β€” May 3rd 2024 at 07:00
Rachel Koggan moved from NYC to Miami in 2021 and lives in a 1,200-square-foot apartment above the Brickell City Centre.
β˜‘ β˜† βœ‡ Top News & Analysis

SEC charges Trump Media auditor with 'massive fraud' on hundreds of companies, imposes lifetime ban

β€” May 3rd 2024 at 10:40
Trump Media, the owner of the Truth Social app, trades under the DJT ticker. Former President Donald Trump is the majority shareholder of the company.
β˜‘ β˜† βœ‡ Top News & Analysis

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

β€” May 3rd 2024 at 08:18
The Dow, S&P 500 and Nasdaq set to surge at Friday open after much weather-than-expected jobs growth in April.
β˜‘ β˜† βœ‡ Top News & Analysis

China's 'unprecedented' space mission blasts off to the far side of the moon to collect samples

β€” May 3rd 2024 at 08:10
China on Friday launched a space probe to collect samples from the far side of the moon as the global space race heats up.
β˜‘ β˜† βœ‡ Top News & Analysis

Wegovy maker Novo Nordisk extends losses following first-quarter results

β€” May 3rd 2024 at 10:50
Analysts pored over the details in itsΒ first-quarter results and monitored a potential rival weight loss treatment.
β˜‘ β˜† βœ‡ Top News & Analysis

The No. 1 credit card myth that 'just will not seem to die'β€”why you shouldn’t fall for it

β€” May 3rd 2024 at 08:00
Believing this myth about credit cards could actually harm your credit score in the long run. Here's why people tend to fall for it anyway.
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Most of Warren Buffett’s wealth was accumulated after age 65. Here’s what that can teach individual investors

β€” May 3rd 2024 at 07:46
One of Warren Buffett's biggest investing advantages is time. Here’s what individual investors can learn from his approach.
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U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

β€” May 3rd 2024 at 08:45
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.
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'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'

β€” May 3rd 2024 at 06:30
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat."
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AI engineers report burnout and rushed rollouts as 'rat race' to stay competitive hits tech industry

β€” May 3rd 2024 at 09:42
AI workers across the tech industry told CNBC that the pressure to roll out features and products at breakneck speed has come to define their jobs.
β˜‘ β˜† βœ‡ Top News & Analysis

Cramer says he's willing 'to pay up' for Viking, the biggest IPO of the year

β€” May 2nd 2024 at 18:47
CNBC's Jim Cramer on Thursday reviewed the IPO of Viking.
β˜‘ β˜† βœ‡ Top News & Analysis

Turkey's inflation accelerates to nearly 70% in April

β€” May 3rd 2024 at 03:15
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.
β˜‘ β˜† βœ‡ Top News & Analysis

Japan's yen had a roller coaster week amid suspected intervention. Here's what you need to know

β€” May 3rd 2024 at 06:23
The Japanese yen started the week at 34-year lows against the U.S. dollar but the currency is now staring at its best week in over a year on Friday.
β˜‘ β˜† βœ‡ Top News & Analysis

China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home

β€” May 3rd 2024 at 00:27
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.
β˜‘ β˜† βœ‡ Top News & Analysis

Don't rate Tesla's Full Self Driving too highly, tech investor says: 'By no means autonomous driving'

β€” May 3rd 2024 at 00:26
A top fund manager focusing on tech says Tesla's Full Self Driving product lacks qualities that would make it an example of truly "self-driving" technology.
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She's worked for Nike, the NBA β€” and Maya Angelou. Meet abstract artist Ya La'ford

β€” May 3rd 2024 at 00:02
Ya La'ford has commissions until 2028 and current and former clients include the NFL, the NBA and Nike as well as celebrity musicians and TV stars.
β˜‘ β˜† βœ‡ Top News & Analysis

Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says

β€” May 3rd 2024 at 00:01
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.
β˜‘ β˜† βœ‡ Top News & Analysis

Here's how much it costs to rent a 1-bedroom apartment across 10 major cities in Asia

β€” May 2nd 2024 at 22:57
Here is the median price to rent a 1-bedroom apartment across 10 major cities in Asia, according to the Global Property Guide.
β˜‘ β˜† βœ‡ Top News & Analysis

Apple's falling iPhone sales don't bother Wall Street so long as margins, buybacks are increasing

β€” May 2nd 2024 at 20:10
Apple shares jumped after the company's earnings report on Thursday even though iPhone sales dropped more than expected.
β˜‘ β˜† βœ‡ Top News & Analysis

We're raising our price target on Apple after its big earnings beat and raise

β€” May 2nd 2024 at 20:00
The consumer tech giant is as strong as ever, and we see positive catalysts ahead.
β˜‘ β˜† βœ‡ Top News & Analysis

China has a 'fake gold' problem β€” locals are getting scammed into buying artificial jewelryΒ 

β€” May 2nd 2024 at 19:19
Gold's recent rally has sparked a bullion rush, but along with it β€” a spike in gold scams in China.
β˜‘ β˜† βœ‡ Top News & Analysis

Coterra's smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook

β€” May 2nd 2024 at 17:41
Coterra Energy's production paid off in the first quarter, helping the oil-and-gas producer surpass Wall Street expectations.
β˜‘ β˜† βœ‡ Top News & Analysis

Cramer says inflation data is driving market action, even during a major earnings week

β€” May 2nd 2024 at 17:23
CNBC's Jim Cramer bemoaned Wall Street's fixation with the Federal Reserve's next decision about interest rates.
β˜‘ β˜† βœ‡ Top News & Analysis

A Trump SEC would aim to reverse climate disclosure rule, ratchet up ESG fights, sources say

β€” May 2nd 2024 at 17:09
The Securities and Exchange Commission would shift priorities under a Trump administration, likely eschewing climate disclosure rules and reviving fi
β˜‘ β˜† βœ‡ Top News & Analysis

Amgen scraps experimental weight loss pill, moves forward with injection

β€” May 2nd 2024 at 16:16
Amgen is among several drugmakers racing to join the red-hot weight loss drug space dominated by Novo Nordisk and Eli Lilly.
β˜‘ β˜† βœ‡ Top News & Analysis

Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit

β€” May 2nd 2024 at 18:32
Coinbase's quarterly results follow a big jump in the price of bitcoin from a year earlier, though the rally has stalled of late.
β˜‘ β˜† βœ‡ Top News & Analysis

Block shares jump on better-than-expected first-quarter results

β€” May 2nd 2024 at 15:24
Block's earnings report comes during a slide in the stock price tied to reports that U.S. prosecutors were probing the company's compliance practices.
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Here's what to expect from the April jobs report on Friday

β€” May 2nd 2024 at 15:08
The Bureau of Labor Statistics report drops at 8:30 a.m. ET.
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Stanley Black & Decker's earnings beat fails to satisfy Wall Street. Here's why we bought the dip

β€” May 2nd 2024 at 14:44
Stanley Black & Decker turned in another solid quarter of execution on matters within management's control.
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Democratic senator aims at Amazon's labor practices with first federal bill regulating quotas

β€” May 2nd 2024 at 15:00
The bill seeks to regulate productivity quotas used by warehouse employers, including Amazon.
β˜‘ β˜† βœ‡ Top News & Analysis

Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid

β€” May 2nd 2024 at 15:19
Sony and Apollo showed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.
β˜‘ β˜† βœ‡ Top News & Analysis

FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board seat

β€” May 2nd 2024 at 13:59
The FTC has decided to refer the allegations to the Justice Department for a potential criminal investigation, according to The Wall Street Journal.
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Trump campaign lawyers can't quit workplace discrimination case for now, judge rules

β€” May 2nd 2024 at 13:14
The lawsuit by A.J. Delgado claims the Trump campaign discriminated against her after she revealed she was pregnant by Jason Miller, another advisor.
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IRS aims to more than double its audit rate for wealthiest taxpayers in strategic plan update

β€” May 2nd 2024 at 13:12
The IRS has released an update on its strategic operating plan, which includes more audits on the wealthiest taxpayers, large corporations and partnerships.
β˜‘ β˜† βœ‡ Top News & Analysis

One personal decision can create a mess of financial challenges for transgender Americansβ€”'it takes a lot of courage'

β€” May 2nd 2024 at 12:33
Changing your name can be a complicated, but important move for trans and nonbinary individuals. Making sure it doesn't hurt your wallet is even trickier.
β˜‘ β˜† βœ‡ Top News & Analysis

Linde's guidance leaves investors wanting more. We're saying thanks to the sellers

β€” May 2nd 2024 at 12:29
The pullback in Linde shares Thursday is giving us a chance to buy back stock we sold at higher prices in late March.
β˜‘ β˜† βœ‡ Top News & Analysis

U.S. intelligence chief warns Congress of rise in cyberattacks

β€” May 2nd 2024 at 11:52
The new comments from Haines come as companies such as UnitedHealth Group, MGM Resorts and Clorox have been disrupted by cyberattacks in the past year.
β˜‘ β˜† βœ‡ Top News & Analysis

'If Americans want lower interest rates, they're going to have to do it themselves,' analyst says. Here's how

β€” May 2nd 2024 at 11:46
Without a Fed rate cut on the horizon, consumers are going to have to take matters into their own hands if they want a break from sky-high credit card APRs.
β˜‘ β˜† βœ‡ Top News & Analysis

These are the 10 most 'unaffordable' cities in Americaβ€”Los Angeles is No. 1

β€” May 2nd 2024 at 11:42
Creditnews Research ranked the cities by the percentage of neighborhoods within reach for the typical married-couple household to buy a home.
β˜‘ β˜† βœ‡ Top News & Analysis

Here's a point-by-point rundown on why we're buying more of 3 portfolio stocks

β€” May 2nd 2024 at 11:39
With this trade, we are upgrading LIN and TJX to a 1 rating and reiterating our 1 rating on SWK shares.
β˜‘ β˜† βœ‡ Top News & Analysis

The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know

β€” May 2nd 2024 at 11:28
The U.S. Department of Education recently said that it will soon transfer some student loan borrowers to different servicers. Here's what you need to know.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump Media pushes House to probe 8 firms over short-selling of DJT shares

β€” May 2nd 2024 at 11:22
Donald Trump is the majority shareholder in Trump Media and the best-known user of its Truth Social app. When DJT shares fall, his net worth can take a bit hit.
β˜‘ β˜† βœ‡ Top News & Analysis

Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%

β€” May 2nd 2024 at 17:21
Apple CEO Tim Cook told CNBC that quarterly sales suffered from a difficult comparison to the year-earlier period.
β˜‘ β˜† βœ‡ Top News & Analysis

We're buying 2 unfairly punished stocks and 1 on an analyst call

β€” May 2nd 2024 at 10:30
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
β˜‘ β˜† βœ‡ Top News & Analysis

Proxy advisor ISS says unions and pension funds should back Norfolk Southern activist investor

β€” May 2nd 2024 at 12:57
ESG-focused investors and unions should back Norfolk Southern activist Ancora and its CEO pick Jim Barber, Institutional Shareholder Services said on Thursday.
β˜‘ β˜† βœ‡ Top News & Analysis

Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ

β€” May 2nd 2024 at 09:52
The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.
β˜‘ β˜† βœ‡ Top News & Analysis

UK to suffer slowest growth of all rich nations next year, OECD says

β€” May 2nd 2024 at 08:37
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.
β˜‘ β˜† βœ‡ Top News & Analysis

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

β€” May 2nd 2024 at 08:35
The S&P 500 looks higher Thursday, one day after the index surrendered its post-Fed meeting gains and closed modestly lower.
β˜‘ β˜† βœ‡ Top News & Analysis

Bored Ape Yacht Club NFTs sold for millions in 2021β€”prices have dropped 90% since then

β€” May 2nd 2024 at 07:30
Bored Ape Yacht Club NFT collection once touted by celebrities like Justin Bieber has seen its floor price decline by around 90% since its peak in 2022.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump denies sleeping during trial: 'I simply close my beautiful blue eyes'

β€” May 2nd 2024 at 14:32
Donald Trump returned to his criminal hush money trial in New York after Judge Juan Merchan held him in contempt for violating his gag order.
β˜‘ β˜† βœ‡ Top News & Analysis

U.S. crude oil bounces after hitting 7-week low on surging U.S. inventories

β€” May 2nd 2024 at 10:29
Oil prices are under pressure from rising inventories, softening demand and higher for longer interest rates.
β˜‘ β˜† βœ‡ Top News & Analysis

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt

β€” May 2nd 2024 at 06:37
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.
β˜‘ β˜† βœ‡ Top News & Analysis

Wayfair shares surge after furniture retailer cuts losses by more than $100 million

β€” May 2nd 2024 at 15:28
Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.
β˜‘ β˜† βœ‡ Top News & Analysis

World's largest olive oil producer says the industry faces one of its toughest moments ever

β€” May 2nd 2024 at 04:45
Spain's Deoleo says the industry must undergo a "profound transformation" as it grapples with one of the most challenging moments in its history.
β˜‘ β˜† βœ‡ Top News & Analysis

Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold

β€” May 2nd 2024 at 05:35
The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from the expected launch of its RSV vaccine.
β˜‘ β˜† βœ‡ Top News & Analysis

Taylor Swift and Drake's label UMG strikes new licensing deal with TikTok to end spat

β€” May 2nd 2024 at 06:48
In a statement Thursday, UMG said the new licensing deal would lead to the return of its artists' music to TikTok.
β˜‘ β˜† βœ‡ Top News & Analysis

'Liquid gold': An olive oil shortage is fueling record prices and food insecurity fears

β€” May 2nd 2024 at 03:02
A shortage of olive oil has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode.
β˜‘ β˜† βœ‡ Top News & Analysis

Florida real estate struggles as β€˜motivated’ sellers flood market

β€” May 1st 2024 at 20:08
Florida is seeing its inventory of homes for sale skyrocket and price growth stagnate, largely due to homebuilders rushing to accommodate a flood of newcomers.
β˜‘ β˜† βœ‡ Top News & Analysis

Tanger CEO explains the upside in replacing tenants and how outlets appeal to luxury brands

β€” May 1st 2024 at 19:17
Tanger CEO Stephen Yalof told CNBC's Jim Cramer on Wednesday why it can be more valuable to replace tenants rather than renew leases.
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U.S. accuses Russia of using chemical weapons in Ukraine, in breach of global ban

β€” May 2nd 2024 at 03:18
The U.S. has formally accused Russia of using chemical weapons against Ukrainian troops.
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China is an enemy of the U.S. for a growing number of Americans, Pew poll shows

β€” May 2nd 2024 at 02:34
Americans overwhelmingly hold an unfavorable view of China, with an increasing number labeling the nation as an enemy of the U.S., according to a new survey.
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Shares of Nio soar more than 20% as EV deliveries more than double in April

β€” May 2nd 2024 at 01:27
Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.
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Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double

β€” May 2nd 2024 at 01:23
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.
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Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback

β€” May 2nd 2024 at 02:18
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.
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Microsoft to open new data center in Thailand as it doubles down on AI and Southeast Asia

β€” May 1st 2024 at 22:56
The U.S. tech giant said it will also commit toward AI skills training for over 100,000 Thais and support local developers.
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Trump's potential VP picks and major Republican donors are coming to Mar-a-Lago

β€” May 1st 2024 at 22:04
Donald Trump is set to fly from New York to Florida this weekend to mingle with Republican donors and potential running mates.
β˜‘ β˜† βœ‡ Top News & Analysis

This family traveled for a year. Here are the biggest mistakes they made

β€” May 1st 2024 at 20:56
Margaret Bensfield Sullivan talks about the challenges and lessons she learned while traveling with her family to 29 countries in the span of a year.
β˜‘ β˜† βœ‡ Top News & Analysis

Amazon CEO Andy Jassy broke federal labor law with anti-union remarks

β€” May 1st 2024 at 19:32
A National Labor Relations Board judge, citing 2022 interviews with CNBC, Bloomberg and The New York Times, found Amazon CEO Andy Jassy broke labor law.
β˜‘ β˜† βœ‡ Top News & Analysis

Cramer says not to second-guess Fed Chair Powell after Wednesday's remarks

β€” May 1st 2024 at 18:14
CNBC's Jim Cramer told investors to take Federal Reserve Chair Jerome Powell at his word.
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Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal

β€” May 1st 2024 at 16:24
The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, according to a source familiar with the matter.
β˜‘ β˜† βœ‡ Top News & Analysis

UnitedHealth CEO estimates one-third of Americans could be impacted by Change Healthcare cyberattack

β€” May 1st 2024 at 16:01
UnitedHealth CEO estimates that data from one-third of Americans could have been compromised in the Change Healthcare cyberattack.
β˜‘ β˜† βœ‡ Top News & Analysis

Carvana shares spike 30% as used car retailer posts record first quarter

β€” May 1st 2024 at 15:54
Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.
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Estee Lauder is punished for its light guidance. Here's why we are not joining the sellers

β€” May 1st 2024 at 15:47
The market reaction does not accurately reflect the positive underlying trends we're seeing at Estee Lauder.
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Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones

β€” May 1st 2024 at 15:29
Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips.
β˜‘ β˜† βœ‡ Top News & Analysis

Masimo's billionaire CEO put shares on margin to get cash while keeping ownership ahead of proxy fight

β€” May 1st 2024 at 15:11
Masimo has allowed founder Joe Kiani to pledge more than half his $660 million stake in the company as collateral for personal loans.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump campaign lawyers' bid to withdraw from discrimination case gets closed-door hearing

β€” May 1st 2024 at 14:32
Arlene "A.J." Delgado is suing the presidential campaign of Donald Trump for allegedly discriminating against her after she disclosed her pregnancy in 2016.
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'Basel III' bank rules could pose unexpected threat to Biden's green energy plans

β€” May 1st 2024 at 14:20
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.
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Why your financial advisor may not give you the best Social Security claiming advice

β€” May 1st 2024 at 14:13
When to claim Social Security is one of the biggest decisions retirees face. But financial advisors' guidance may be biased, recent research finds.
β˜‘ β˜† βœ‡ Top News & Analysis

Stocks pop after Fed decision, oil plunges, earnings mixed β€” what to watch in the market

β€” May 1st 2024 at 14:03
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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Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's

β€” May 1st 2024 at 14:00
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.
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Fed keeps rates steady as it notes 'lack of further progress' on inflation

β€” May 1st 2024 at 14:28
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
β˜‘ β˜† βœ‡ Top News & Analysis

Bally Sports regional networks go dark for Comcast cable customers

β€” May 1st 2024 at 13:16
Carriage negotiations between Comcast and Diamond Sports broke down, leaving cable customers without access to Bally Sports regional networks during MLB season.
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Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico

β€” May 1st 2024 at 13:15
Google is laying off more employees and hiring for their roles outside of the U.S.
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The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs β€” what that means for your money

β€” May 1st 2024 at 14:01
The Federal Reserve pushed out rate-cut expectations β€” here's what that means for your credit card, mortgage rate, auto loan and savings account.
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UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom

β€” May 1st 2024 at 12:19
Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.
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Viking shares rise 8% after cruise line operator's market debut

β€” May 1st 2024 at 15:29
The company's initial public offering coincides with a strong rebound in cruise bookings.
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Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged

β€” May 1st 2024 at 15:04
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.
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After Meta’s β€˜year of efficiency,’ industry leaders root for year of innovation

β€” May 1st 2024 at 11:36
To keep technological innovation on a strong path, companies must implement workforce efficiency mindfully.
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Super Micro plummets 14% after posting revenue miss

β€” May 1st 2024 at 15:01
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.
β˜‘ β˜† βœ‡ Top News & Analysis

Here's why we're not sweating Amazon’s light second-quarter guidance

β€” May 1st 2024 at 11:10
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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DOJ charges 'Bitcoin Jesus' with $48 million tax fraud, seeks extradition

β€” May 1st 2024 at 11:03
The IRS has tried to become more sophisticated in tracking alleged Bitcoin financial crimes.
β˜‘ β˜† βœ‡ Top News & Analysis

Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation

β€” May 1st 2024 at 10:51
CoreWeave intends to set up more of its clouds full of graphics processing units in more places around the world as it goes up against Amazon and Google.
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Amazon-backed Anthropic launches iPhone app and business tier to compete with OpenAI's ChatGPT

β€” May 1st 2024 at 10:06
Anthropic on Wednesday announced its first-ever enterprise offering, as well as its first iOS app.
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How to make your home hurricane resistant, as scientists predict an 'extremely active' storm season

β€” May 1st 2024 at 09:07
Upgrades could help consumers protect their home, typically one of their most valuable assets, from hurricanes and other natural disasters.
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Why hundreds of U.S. banks may be at risk of failure

β€” May 1st 2024 at 09:06
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.
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DJT shares close down more than 9% as Trump Media hot streak stalls

β€” May 1st 2024 at 15:05
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.
β˜‘ β˜† βœ‡ Top News & Analysis

U.S. crude oil falls to $79 a barrel, seven-week low as stockpiles surge on lackluster demand

β€” May 1st 2024 at 13:59
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.
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BlackRock is opening a Saudi investment firm with initial $5 billion from PIF

β€” May 1st 2024 at 08:43
The new platform will be called BlackRock Riyadh Investment Management, or BRIM.
β˜‘ β˜† βœ‡ Top News & Analysis

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

β€” May 1st 2024 at 08:25
Wall Street begins May under pressure after a terrible April that broke five straight months of gains.
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How to tell if you can actually afford a major purchase: 'Most people genuinely have no idea,' says self-made millionaire

β€” May 1st 2024 at 08:00
Callie and Travis have gone into debt by not planning ahead for vacations and other big purchases in the past. Here's the advice Ramit Sethi gave them.
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Private payrolls increased by 192,000 in April, more than expected for resilient labor market

β€” May 1st 2024 at 07:54
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.
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Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers

β€” May 1st 2024 at 07:51
Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.
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Healthy Returns: Sales of Humira are plunging, but AbbVie has two promising successors

β€” May 1st 2024 at 07:40
AbbVie has two successors that could offset the losses from its blockbuster drug Humira. Meanwhile, UnitedHealth Group's CEO will testify on Capitol Hill.
β˜‘ β˜† βœ‡ Top News & Analysis

NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'

β€” May 1st 2024 at 10:07
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
β˜‘ β˜† βœ‡ Top News & Analysis

Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates

β€” May 1st 2024 at 06:44
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.
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Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales

β€” May 1st 2024 at 13:08
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.
β˜‘ β˜† βœ‡ Top News & Analysis

Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint

β€” May 1st 2024 at 06:21
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.
β˜‘ β˜† βœ‡ Top News & Analysis

How working for Big Tech lost 'dream job' status

β€” April 29th 2024 at 13:50
Mass layoffs have eroded the shine of the tech industry.
β˜‘ β˜† βœ‡ Top News & Analysis

CVS shares plummet as health company slashes profit outlook on higher medical costs

β€” May 1st 2024 at 11:14
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
β˜‘ β˜† βœ‡ Top News & Analysis

To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education

β€” May 1st 2024 at 05:47
Dealership employees, who are employed outside Ford by dealers, are crucial for the company's sales, performance and customer engagement and satisfaction.
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Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.

β€” May 1st 2024 at 08:25
The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management.Β 
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The Fed would only cut rates to help the U.S. service its soaring debt, fund manager says

β€” May 1st 2024 at 05:07
The reason the Fed may be tempted to cut rates would be to help the U.S. cover interest payments on the national debt, according to fund manager Freddie Lait.
β˜‘ β˜† βœ‡ Top News & Analysis

Biden administration forgives $6.1 billion in student debt for 317,000 former Art Institute students

β€” May 1st 2024 at 05:00
The Biden administration announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of the Art Institutes.
β˜‘ β˜† βœ‡ Top News & Analysis

We're raising our Amazon price target, betting light guidance proves conservative

β€” April 30th 2024 at 20:20
Shares rose on a strong quarter. The upside, however, was tempered by a lower-than-expected outlook.
β˜‘ β˜† βœ‡ Top News & Analysis

Luxury carmaker Aston Martin slumps 6% as losses nearly double

β€” May 1st 2024 at 04:23
Adjusted loss before tax was Β£110.5 million ($137.8 million) compared to a loss of Β£57.3 million the previous year.
β˜‘ β˜† βœ‡ Top News & Analysis

The world's happiest countries are targeting net-negative emissions β€” despite a growing 'greenlash'

β€” May 1st 2024 at 00:01
Finland and Denmark are both targeting "net-negative emissions" in the years to come β€” despite an intensifying green political backlash.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump Media insider trading trial begins with co-founder testifying, 'I've never been paid at all'

β€” April 30th 2024 at 23:03
Trump Media announced plans to merge with a shell company in late 2021. The legal fallout from the deal is playing out in multiple courtrooms.
β˜‘ β˜† βœ‡ Top News & Analysis

Starbucks gets a price target cut after a brutal quarterly miss and light guidance

β€” April 30th 2024 at 20:38
Starbucks is dealing with too many headwinds right now. This is a decline we do not have plans of immediately buying.
β˜‘ β˜† βœ‡ Top News & Analysis

Hedge funds are β€˜dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21

β€” April 30th 2024 at 19:59
Hedge funds are "dead" as an investment asset class among members of Tiger 21, a network of ultra-high net worth investors, said founder Michael Sonnenfeldt.
β˜‘ β˜† βœ‡ Top News & Analysis

Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months

β€” April 30th 2024 at 18:34
Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.
β˜‘ β˜† βœ‡ Top News & Analysis

American Express CEO explains how the company is attracting younger consumers

β€” April 30th 2024 at 18:44
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.
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New Calamos ETF promises β€˜100% downside protection.’ Here's how it works

β€” April 30th 2024 at 18:07
β€œThere’s no tricks. There’s no magic. This is the secret sauce,” Calamos Investments’ Matt Kaufman said.
β˜‘ β˜† βœ‡ Top News & Analysis

Amazon cost cuts drive operating margin into double digits for first time

β€” April 30th 2024 at 18:05
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.
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Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team

β€” April 30th 2024 at 17:55
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.
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DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonus

β€” April 30th 2024 at 17:57
The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.
β˜‘ β˜† βœ‡ Top News & Analysis

Super Micro pushes up full-year revenue forecast as it points to strong AI demand

β€” April 30th 2024 at 16:49
Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200% from 103% in the previous quarter, but revenue still missed.
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Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more

β€” April 30th 2024 at 16:14
These are the stocks posting the largest moves in extended trading.
β˜‘ β˜† βœ‡ Top News & Analysis

AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast

β€” April 30th 2024 at 17:34
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.
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Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag

β€” April 30th 2024 at 17:28
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump could drive inflation higher with his second-term economic agenda, analysts say

β€” April 30th 2024 at 15:24
Donald Trump has blamed President Joe Biden for stubbornly high inflation during Biden's presidency.
β˜‘ β˜† βœ‡ Top News & Analysis

Pinterest shares soar 18% on earnings beat, strong revenue growth

β€” April 30th 2024 at 16:09
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.
β˜‘ β˜† βœ‡ Top News & Analysis

NBC Sports could buy back rights to iconic theme song 'Roundball Rock' if it airs NBA games again, composer John Tesh says

β€” April 30th 2024 at 14:44
NBC Sports can license the rights to John Tesh's famous "Roundball Rock" theme song if it secures a new NBA media package, Tesh said in an e-mail.
β˜‘ β˜† βœ‡ Top News & Analysis

Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal

β€” April 30th 2024 at 14:44
Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four months in prison.
β˜‘ β˜† βœ‡ Top News & Analysis

Here's everything to expect from the Fed meeting that will move markets on Wednesday

β€” May 1st 2024 at 11:31
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
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'It's a good time to lock in,' expert says. What to know to get the best rates on your cash now

β€” April 30th 2024 at 14:26
Stubborn inflation may lead the Federal Reserve to keep interest rates where they are for longer. That's good news for cash savers, experts say.
β˜‘ β˜† βœ‡ Top News & Analysis

We are hiking our price target on Eaton as demand for AI computing power heats up

β€” April 30th 2024 at 14:22
Results under the hood were a bit mixed, but the positives far outweighed the negatives. Β 
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Cannabis stocks surge as Biden administration moves to reclassify marijuana

β€” April 30th 2024 at 14:19
Stocks linked to cannabis surged on an otherwise down day for the market.
β˜‘ β˜† βœ‡ Top News & Analysis

Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat

β€” April 30th 2024 at 14:10
Many doctors have been left without a way to get paid for their services.
β˜‘ β˜† βœ‡ Top News & Analysis

The New York Mets are hiring for one of the most iconic mascot jobs in sportsβ€”here's how to apply

β€” April 30th 2024 at 13:45
There's a lot more to the role than keeping fans entertained between innings.
β˜‘ β˜† βœ‡ Top News & Analysis

How to save for retirement if your company doesn't offer a 401(k)

β€” April 30th 2024 at 13:35
Not every employer offers a 401(k) retirement account, but there are suitable alternatives.
β˜‘ β˜† βœ‡ Top News & Analysis

This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks, Goldman study shows

β€” April 30th 2024 at 13:30
Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.
β˜‘ β˜† βœ‡ Top News & Analysis

FTC challenges 'junk' patents held by 10 drugmakers, including for Novo Nordisk's Ozempic

β€” April 30th 2024 at 13:05
The agency sent letters to Novo Nordisk, AstraZeneca, Boehringer Ingelheim, Covis Pharma, GlaxoSmithKline, Novartis, Teva Pharmaceuticals, among others.
β˜‘ β˜† βœ‡ Top News & Analysis

Eli Lilly assures investors it can overcome the high-quality problem of too much demand

β€” April 30th 2024 at 12:52
The world's most valuable drugmaker hiked its full-year sales and profit guidance, despite missing lighter-than-expected first-quarter revenue.
β˜‘ β˜† βœ‡ Top News & Analysis

Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors

β€” April 30th 2024 at 12:35
Recent inflation readings have come in hot, but commodity prices and other indicators seem to show signs of cooling.
β˜‘ β˜† βœ‡ Top News & Analysis

Over $1 billion in unclaimed tax refunds is set to expire in just over 2 weeks, IRS saysβ€”here’s how to claim yours

β€” April 30th 2024 at 11:49
The IRS says it's holding onto over $1 billion in unclaimed tax refunds. Filers have until May 17 to claim their potential portion. How to get started.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump Media shares rise again, jump 50% in the past week

β€” April 30th 2024 at 13:21
The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.
β˜‘ β˜† βœ‡ Top News & Analysis

Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement

β€” April 30th 2024 at 12:09
Eight newspaper publishers alleged that Microsoft and OpenAI used millions of their articles without payment or permission to train AI models like ChatGPT.
β˜‘ β˜† βœ‡ Top News & Analysis

McDonald's and other big brands warn that low-income consumers are starting to crack

β€” April 30th 2024 at 11:23
Higher prices have weighed on customers in an array of industries that interact with consumers.
β˜‘ β˜† βœ‡ Top News & Analysis

Amazon profit more than triples, topping Wall Street expectations

β€” April 30th 2024 at 16:07
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.
β˜‘ β˜† βœ‡ Top News & Analysis

An important student loan forgiveness deadline is hours away β€” and it takes under 15 minutes to apply

β€” April 30th 2024 at 10:42
Some student loan borrowers have until April 30 to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise.
β˜‘ β˜† βœ‡ Top News & Analysis

We are making another buy of this retailer ahead of the coming rebound in PCs

β€” April 30th 2024 at 09:51
We are slowly building up one of our newest positions at increasingly better share prices.
β˜‘ β˜† βœ‡ Top News & Analysis

Shares of two big online education stocks tank more than 10% as students use ChatGPT

β€” April 30th 2024 at 10:52
Chegg and Coursera both sank more than 10% in trading Tuesday, a day after issuing disappointing guidance.
β˜‘ β˜† βœ‡ Top News & Analysis

Biden replaces Obama-era infrastructure protections to defend against Chinese cyberthreats

β€” April 30th 2024 at 11:35
FBI DirectorΒ Christopher WrayΒ has repeatedly warned the public and members of Congress of the imminent threat posed by Chinese hackers.
β˜‘ β˜† βœ‡ Top News & Analysis

Meta hit with major EU probe into disinformation handling ahead of European elections

β€” April 30th 2024 at 08:54
The European Commission is investigating Meta over concerns the company hasn't done enough to tackle disinformation ahead of upcoming elections.
β˜‘ β˜† βœ‡ Top News & Analysis

Treasury Department announces new Series I bond rate of 4.28% for the next six months

β€” April 30th 2024 at 09:11
The U.S. Department of the Treasury announced the new rate for Series I bonds through October 2024.
β˜‘ β˜† βœ‡ Top News & Analysis

ISS endorses most of activist Ancora's nominees for Norfolk Southern board

β€” April 30th 2024 at 09:04
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
β˜‘ β˜† βœ‡ Top News & Analysis

Trump gets jail warning for violating hush money trial gag order; Stormy Daniels ex-lawyer testifies

β€” April 30th 2024 at 12:18
The criminal hush money trial of former President Donald Trump resumed in Manhattan Supreme Court for the second week of witness testimony.
β˜‘ β˜† βœ‡ Top News & Analysis

Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller

β€” April 30th 2024 at 08:44
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.
β˜‘ β˜† βœ‡ Top News & Analysis

U.S. crude oil falls below $82 a barrel after disappointing inflation, manufacturing data

β€” April 30th 2024 at 10:13
Crude oil futures moved slightly higher after Israeli Prime Minister Benjamin Netanyahu dismissed hopes of a proposed hostage deal would prevent a Rafah attack.
β˜‘ β˜† βœ‡ Top News & Analysis

Worker pay rose more than expected in Q1 in another sign of persistent inflation

β€” April 30th 2024 at 08:16
The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
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