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Today β€” April 25th 2024Top News & Analysis

Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending

Microsoft has more demand than supply for running artificial intelligence models in the cloud.

Microsoft shares jump 4% after the big AI winner delivers in all the right places

Once again, Microsoft touted share gains as more and more customers used Azure's platforms and tools to build their own AI solutions.

Cramer praises companies like Chipotle that can grow despite a slowing economy and inflation

CNBC's Jim Cramer said companies that perpetually generate "self-help" are poised to do well in this market.

Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech

ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.

Mark Zuckerberg's net worth plummets by more than $18 billion in Meta stock drop

Meta shares plunged on Thursday, bringing down Mark Zuckerberg's net worth, after the CEO told Wall Street about the many ways his company is losing money.

Snap shares soar 23% as company beats on earnings, shows strong revenue growth

Snap reported first-quarter results that beat analysts' estimates

Intel shares fall after company provides weak forecast for the current quarter

Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.

Paramount and Skydance inch closer to a merger as key hurdle looms, sources say

Paramount Global and Skydance are getting closer to final terms on a merger agreement, sources told CNBC, but a renewal with Charter remains an obstacle.

Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns

Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.

This job perk is like a 'cash bonus' β€” but you need a long-term strategy, experts say

Restricted stock units are a common type of equity compensation. Here's what to know about this popular employee benefit, according to experts.

Can a new batch of tech earnings rescue the market? Here are the factors at play

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

How to start a high-paying side hustle: 'It has to be something that you're actually passionate about,' says expert

There are all sorts of ways to make money on the side. But if you really want to find success, choose something you're passionate about, says Kathy Kristof.

You need at least $1 million to retire comfortably in these 10 U.S. statesβ€”half are in the Northeast

While not everyone hopes to retire as a millionaire, you may need to be one to retire comfortably in these U.S. states, per GOBankingRates.

This startup helps plants talk to farmers, reducing pesticides and agricultural waste

InnerPlant's technology uses fluorescents in the plants, so the leaves emit a signal when they are in distress.

Rubrik stock pops 16% in NYSE debut after company prices IPO above range

Rubrik's shares appeared to be attractive to investors that have been starved for new business software names for years.

Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas

Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.

Taylor Swift’s new song resonates with working women β€” β€˜I cry a lot but I am so productive, it's an art’

A lyric from Taylor Swift's "I Can Do It With a Broken Heart," on her new "Tortured Poets Department" album, is resonating with many working women on TikTok.

CEOs are quitting at record rates, and women are twice as likely as men to leave

Women CEOs are twice as likely as men to quit within 2 years, and four times as likely to leave within 1 year.

Alphabet shares jump 14% on earnings beat, first-ever dividend

Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.

Stocks are tumbling. But these 2 portfolio holdings should be defying the slide

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

Microsoft cloud growth accelerates on back of AI push

Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.

A key deadline for student loan forgiveness consolidation is just days away. Here's what to know

Borrowers hoping for student loan forgiveness have just a few more days to act before an April 30 deadline.

Open seating no more? Southwest CEO says airline is weighing cabin changes

Southwest stands apart from other large airlines because it does not have seat assignments.

Honda to build $11 billion electric vehicle hub in Canada

Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.

Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates

Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

CNBC's Inside India newsletter: A $270 billion gamble on green?

Latest on the elections and some stock-picking tips that tie in with the nationwide vote and we also look at the upcoming T20 Cricket World Cup.

Teamsters union endorses activist Ancora in Norfolk Southern proxy fight

The activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.

Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending

Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.

BlackRock wants to make it easier to get paycheck-like income from your retirement savings

One of Americans' biggest retirement fears is running out of money. BlackRock hopes a new way to take paycheck-like withdrawals from investments may help.

As more borrowers qualify for student loan forgiveness, incoming college freshmen are set to rack up $37,000 in new debt, report finds

Most families take out student loans to cover the rising cost of college. A new report found that incoming freshmen may have $37,000 in debt by graduation.

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

Wall Street is looking lower, especially the Nasdaq on Meta Platforms' earnings-driven 15% slide and higher inflation data.

GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.

Oil prices pull back as U.S. economic growth disappoints

Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.

Trump trial: Defense attorneys begin cross-examination of David Pecker

The New York criminal trial of Donald Trump resumed with testimony from former National Enquirer publisher David Pecker.

Supreme Court appears skeptical of Trump's blanket presidential immunity argument

Donald Trump was not at the Supreme Court to hear the immunity arguments because he was required to attend his New York criminal hush money trial.

American Airlines swings to a loss, but tops estimates for Q2 forecast

American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates.

Don't believe these money misconceptions: 3 things to know that can help improve your finances

Many people believe common misconceptions about managing their money. Here's what you need to know to improve your personal finances.

Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss

Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.

Venice residents clash with riot police as city launches world’s first tourist entry fee

The pilot program means day-trippers to Venice, one of Italy's most picturesque and historic cities, will need to pay a charge of 5 euros (US$5.40).

Biden promise to rival China on shipbuilding faces a big economic problem

President Biden wants to bring shipbuilding back to the U.S. in economic rivalry with China and to boost domestic steel. Economic reality isn't on his side.

Red Lobster seeks a buyer as it looks to avoid bankruptcy filing

Beleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as it contends with slower sales and costly leases.

Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025

Southwest Airlines is one of Boeing's biggest customers and flies only 737s.

Merck beats earnings expectations, raises outlook on strong Keytruda and vaccine sales

The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.

Comcast beats earnings estimates even as it sheds more broadband subscribers

Comcast beat first-quarter earnings expectations on Thursday.

Many large U.S. cities are in deep financial trouble. Here's why

Many U.S. cities are facing substantial financial challenges as inflation lingers and pandemic-era stimulus dries up.

Don't bet against Zuckerberg: Meta's earnings-driven stock slide is an opportunity

Shares of the Facebook and Instagram company were dropping due to short-term thinkers who can't see the forest for the trees.

BHP makes $39 billion bid for Anglo American in mining mega play

Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at Β£31.1 billion ($38.9 billion).

Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul

BarclaysΒ on Thursday reported first-quarter net income of Β£1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.

India markets face an 'inevitable' correction if Modi's election win disappoints, Bernstein says

The results of India's general elections could be the reason for a correction in the Indian stock market, according to Bernstein.

Japanese yen hits fresh 34-year low despite verbal intervention from authorities

The yen slipped past 155 against the U.S. dollar on Wednesday, touching a new 34-year low against continued strength in the greenback.
Yesterday β€” April 24th 2024Top News & Analysis

Walgreens to help bring cell and gene therapies to patients as it expands specialty pharmacy services

Among the company's investments to "transform" its specialty pharmacy services is the opening of a new facility dedicated to cell and gene therapy services.

Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year

Success didn't come easy for Pang Gek Teng, the 35-year-old founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and cafΓ© brand in Singapore.

Meta's Reality Labs posts $3.85 billion loss in first quarter

Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy

Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.

Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China

EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.

Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

Meta CEO Mark ZuckerbergΒ spooked investors on the company's quarterly earnings call Wednesday.

Cramer says the pull of the bond market is worrying, so keep some cash on hand

CNBC's Jim Cramer told investors to keep some cash on hand.

Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes

A little over a year ago, Chipotle announced the opening of its first Farmesa location.

Rubrik prices IPO at $32 per share, above the expected range

Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.

House Speaker Johnson drowned out by booing crowds at Columbia University speech on Gaza protests

Speaker Johnson called on Columbia University's president to resign amid ongoing controversial student protests over the war in Gaza.

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.

Chipotle posts big earnings beat as diners shake off higher prices

The burrito chain said traffic increased 5.4% in its first quarter.

IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.

Employee stock purchase plans offer 'free money' β€” but also carry complexity and risk, experts say

If you work for a publicly traded company, you may have access to discounted company shares via an employee stock purchase plan, or ESPP. Here's what to know.

Here’s a rapid-fire update on all 33 portfolio stocks including our tech giants reporting this week

During the Investing Club's Monthly Meeting on Wednesday, Jim Cramer offered his updated thinking on the stocks in the portfolio.

'Invest in these women': WNBA champion A'ja Wilson hopes Caitlin Clark's popularity helps the league grow

The five-time All-Star and two-time WNBA champion hopes to see the excitement around Clark help grow the league.

Senate launches investigation into high prices of Ozempic and Wegovy in the U.S.

Before insurance, Novo Nordisk charges about $1,000 per month for Ozempic in the United States. In Germany, the company charges $59 per month for the same drug.

Jeff Bezos isn't a fan of 'time blocking'β€”here's what he does instead to boost his productivity

Jeff Bezos doesn't time block or stick to a strict schedule to be successful and productive. Instead, he allots however much time he needs for mind wandering.

U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses

The U.S. Chamber of Commerce has long threatened to sue the FTC over the noncompete ban.

Biden just signed a bill that could ban TikTok: Here's what that means for you

President Joe Biden signed a bill into law on Wednesday that will effectively ban TikTok if ByteDance does not sell the app within the year.

Big Tech has split into 3 camps: loved, hated and iffy. Here's where our 8 stocks fit

The divided market, especially in tech, was a major theme in the Club's April Monthly Meeting.

TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban

A TikTok ban could take years due to potential legal challenges, but creators worry about how they'll make a living if it goes away.

The least affordable metro areas for America's middle classβ€”5 of them are in California

Creditnews Research found that the least affordable U.S. metro areas are almost entirely on the Pacific Coast.

Ford tops first-quarter earnings estimates as commercial unit offsets EV losses

Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.

Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates

Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.

Workers earning up to $58K a year could soon become eligible for overtime pay

The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.

Why the Fed keeping rates higher for longer may not be such a bad thing

It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.

Biden signs Israel, Ukraine, TikTok bill into law

TikTok vowed to legally challenge the measure if President Joe Biden signed it into law.

Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'

Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.

The rise of the 'tradwife' β€” why some women say they are opting out of work

TikTok’s "tradwife" and "stay-at-home girlfriend" trends show an idealized view of adhering to very traditional gender roles, but that is few people's reality.

Solar manufacturers petition U.S. to impose tariffs on imports from four Southeast Asian nations

First Solar and six other manufacturers allege that companies in Cambodia, Malaysia, Thailand and Vietnam are dumping solar cells on the U.S. market.

Tesla surges after Elon Musk says new affordable EV models coming

Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

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

The S&P 500 and the Nasdaq are trying to extend their winning streaks to three sessions.

Elon Musk is keeping investors' dreams of a Tesla robotaxi alive

Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future even as financials deteriorate.

Op-ed: Here are 6 health-care stocks to watch now, amid a bumpy recovery

Health care, long an ailing stock market sector, has recovered over the past six months, with currently robust vital signs and strong growth projections.

U.S. oil pulls back below $83 as more crude shipments arrive after delays due to Red Sea disruption

The market looks somewhat bearish at the moment with global oil inventories rising, according to Goldman Sachs.

Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence

Foot Locker unveiled its "store of the future" concept that will inspire the revamping of 900 stores the sneaker retailer is planning over the next two years.

Microsoft, Amazon AI partnerships face scrutiny from British regulators

British antitrust regulators are seeking views on partnerships between Microsoft and Amazon with smaller generative AI model makers.

Starbucks resumes bargaining with union after two sides thaw relationship

In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.

Riderless horses recovered after running loose through London; β€˜a number’ of people injured

The U.K. army on Wednesday said they had recovered "a number" of military working horses after the animals broke free during a routine exercise.

Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up

Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.

Here are the portfolio's top 5 performing stocks since the March Monthly Meeting

U.S. stocks hit a rough patch since the Investing Club's March Monthly Meeting. The losses would've been steeper if not for a strong start to this week.

Biden issues new rules for airlines to require automatic cash refunds, prohibit surprise fees

President Joe Biden has also targeted junk fees for products like credit cards, cable and retirement savings accounts.

UBS chair says Swiss banking giant is not 'too big to fail'

Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.

More than 3 million Medicare patients could be eligible for coverage of Wegovy to reduce heart disease risks, study says

For the first time, some Medicare beneficiaries will be able to access Novo Nordisk's Wegovy without having to shoulder the total monthly price tag.

NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding

The deluge closed schools and businesses, grounded hundreds of flights, and destroyed cars, businesses and other property.

China may have to brace for a new wave of bond defaults, S&P says

China might see a new wave of bond defaults as soon as next year β€” the third round in about a decade, according to an S&P Global Ratings report released Tuesday.

Despite earnings miss, Nucor CEO is confident this year will be a success

In a Tuesday interview with CNBC's Jim Cramer, Nucor CEO Leon Topalian said the steel maker was on the right track despite weaker-than-expected earnings.

U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao

U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao.

Kering shares sink 9% after profit warning on declining Gucci sales

Shares of French luxury groupΒ KeringΒ sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

Photos show Sahara dust turn Athens orange

Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the city on Tuesday evening.

Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump

Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.

Amazon is opening cloud regions in Southeast Asia to meet customer demand, CTO says

From startups to government agencies, Amazon CTO Werner Vogels said customers "have been asking" for local data residency.

Volvo Cars shares down 8% as first-quarter revenues fall

Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

β€˜A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets

The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.
Before yesterdayTop News & Analysis

Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis

Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

Bird flu resurgence drives up egg prices, spurring some to stock up

The virus, commonly referred toΒ as bird flu, is extremely contagious and lethal among birds, has been detected in dairy herds in recent days.

Cramer points to signs the economy is slowing that could bring rate cuts from the Fed

CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry

Oracle is moving its world headquarters to Nashville, according to Larry Ellison.

Jack Dorsey’s payments company, Block, is building its own bitcoin mining system

The company, formerly known as Square, now building a full bitcoin mining system.

FTC votes to ban noncompete clauses that bar employees from working for competitors

The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.

E.W. Scripps exploring sale of Black-culture broadcast network Bounce TV

E.W. Scripps has received inbound interest in its Black-culture network Bounce TV, CEO Adam Symson said in an exclusive CNBC interview.

Senate passes long-awaited aid for Israel, Ukraine, Taiwan, and TikTok bill

President Biden initially proposed aid for Israel, Ukraine and Taiwan in October.

DJT stock plunges 8% as Trump qualifies for 36 million bonus shares

Trump will receive an additional 36 million shares, worth about $1.15 billion, if the stock closes above a $17.50 minimum share price.

Bond auctions are a bigger deal than usual this week. The first went the way of the bulls

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

Here's what to do if you missed the federal tax deadline

The federal tax deadline was April 15, and if you missed it, you should file and pay your balance as soon as possible to reduce penalties and interest.

HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker

HashiCorp's business is growing considerably faster than that of IBM, which has been confronting a challenging economic environment.

Here's why Biden administration believes new student loan forgiveness plan will survive legal challenges

After the Supreme Court blocked President Joe Biden's first plan to forgive student debt, his administration set out to create a more viable relief package.

Tesla cutting around 2,700 jobs in Austin as part of broad restructuring

Tesla is eliminating about 12% of its workforce at a factory in Austin, Texas, where the electric vehicle company is headquartered.

Danaher shares jump 7% as the turnaround in biotech spending finally arrives

There was much more to like in this print, including strong headline results on the back of strength in all key operating segments.

Labor Department issues rule to crack down on bad retirement savings advice

The Biden administration issued a final "fiduciary" rule that aims to rein in conflicts of interest that officials say erode Americans' savings.

ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban

The disclosures show how TikTok officials lobbied Congress and President Joe Biden's executive office last quarter.

Google and the conversation topic many Americans want banned in the office

Just under half of all workers say they would be in favor of a ban on talking politics in the office, a new CNBC survey finds.

'Your personality will get you 10 times richer than your intelligence,' says self-made millionaire who retired at 35

When it comes to getting promotions and raises, your EQ is more important than your IQ, says 42-year-old millionaire Steve Adcock.

Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025

Tesla reported disappointing earnings and revenue, but the stock rose on optimism that a new affordable EV model could enter production sooner than expected.

Airbnb's new chief business officer shares his top priorities for hosts and travelers

International stays and more guest experiences are crucial parts of Airbnb's top priorities for future growth.

Healthy Returns: Biotech IPOs ramped up to start 2024, but the market hasn't fully recovered just yet

Biotech IPOs surged at the start of 2024, but the rest of the year will depend on Fed rate cuts. Meanwhile, doctors using VR and AI to hone their skills.

Apple sends invites to May 7 launch event, new iPads expected

Apple will launch new products on May 7 in an online event, according to invites sent to the media on Tuesday.

How much Americans in their 40s have in their 401(k)sβ€”and how to boost it

Although many Americans in their 40s are getting closer to retirement age, they don't have much saved. Here's how to get on track.

Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates

That means credit can provide a "very solid foundation" to an investment portfolio, the Oaktree Capital Management co-founder told CNBC.

No cognitive bias is more 'dramatic or dangerous' than this one, author saysβ€”here's how to avoid it

Confidence doesn't immediately raise red flags, but too much of it can keep us from asking for help or being able to admit what we don't know.Β 

UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents

Roughly a year's worth of rain pummeled the Gulf country in a span of just 12 hours between April 16 and 17, destroying businesses, cars and other property.Β 

Less burnout for doctors, better clinical trials, among the benefits of AI in health care

Artificial intelligence has traditionally been used to make healthcare safer and better. Now generative AI is making efficency a priority.

U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes

The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports

Trump trial: National Enquirer would 'embellish' negative stories about Trump's 2016 rivals, Pecker says

Trump is charged with falsifying business records related to a scheme to silence porn star Stormy Daniels from speaking about an alleged tryst with him.

Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention

Spotify beat expectations on the top and bottom lines when it reported quarterly earnings Tuesday, after a year of activist investor scrutiny and cost cutting.

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

The S&P 500 and Nasdaq try for two in a row Tuesday, one day after breaking their six-session losing streaks.

Google search boss warns employees of 'new operating reality,' urges them to move faster

At a recent all-hands meeting, Google search head Prabhakar Raghavan told employees that the world is changing and they have to adjust.

Philippines orders removal of Binance from Google and Apple app stores

The Philippines' Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.

JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook

JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending

One's expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.

Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.

PepsiCo earnings beat estimates but product recalls, weaker lower-income consumer hurt U.S. sales

PepsiCo's volume and sales growth were better in most international markets than in its North America markets.

World’s largest wealth fund says there’s β€˜clearly a lot of froth’ in the tech sector right now

The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector.

Germany arrests EU Parliament staff member on China espionage charges

A German man was arrested for allegedly sharing information from the European Parliament with the China's secret service, the federal prosecutor’s office said.

Drugmaker Novartis climbs after guidance rise on sales of blockbuster drugs

Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals Tuesday after it raised its full-year guidance following better-than-expected first-quarter results.

SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips

SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.

U.S. ambassador insists security pact with Australia, U.K. won't spur a nuclear arms race

The AUKUS alliance was forged in 2021 to address shared regional concerns about China's rising power.

India is a key chip design market, Qualcomm says, as Modi makes semiconductor push

Qualcomm is already designing chips in India, Qualcomm India's president Savi Soin said in an exclusive interview.

General Motors raises 2024 guidance after big first-quarter earnings beat

GM's North American operations, driven by truck sales, were largely responsible for the company's first-quarter beat and guidance raise, the automaker said.Β 

India's high unemployment is a 'ticking bomb,' opposition says, as election battle with Modi's BJP heats up

India's youth make up 83% of the unemployed population, according to an ILO report, but government as well as ILO data shows a decline in joblessness in the past few years.

High global food prices may finally see a bottom in 2024, says Oxford Economics

According to Oxford Economics, global food prices are expected to decline in 2024, offering some relief for shoppers.

Cramer points to positives in Monday's rebound, but warns against lasting gains

Big Tech companies Tesla, Meta Platforms, Microsoft and Alphabet are scheduled to report their earnings this week.

UnitedHealth paid ransom to bad actors, says patient data was compromised in Change Healthcare cyberattack

UnitedHealth Group on Monday said it paid ransom to cyberthreat actors to try and protect patient data.

Billionaire donors rethink Columbia University support amid pro-Palestinian protests

Columbia students set up a tent encampment to protest Israel's bombardment of Gaza.

Oracle met with Senate aides about TikTok data storage after House ban passed

Oracle and TikTok have a corporate partnership called Project Texas that allows U.S. user data to be stored on Oracle's cloud.

Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google

This quarter's earnings reports from the U.S. tech giants coincide with a mountain of drama that the companies are facing.

FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings

The FTC argued the combination of Tapesty and Capri would hurt consumers and workers.

Boeing expects slower production increase of 787 Dreamliner because of parts shortages

Boeing reports quarterly results before the market opens on Wednesday.

A major headwind for TikTok could be the ultimate tailwind for Meta's Facebook and Instagram

A TikTok ban in the U.S. would be the latest reason to stay invested in Club holding Meta Platforms after a year-and-half of strong stock gains.

High-speed rail system from Las Vegas to Southern California breaks ground

Brightline West aims to be operational in 2028, when Los Angles hosts the Summer Olympics.

Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs

Tesla's stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.

Activist investor Jana discloses 'significant' stake in Wolfspeed, urges semiconductor manufacturer to consider sale

Activist investor Jana Partners has built a "significant" position in semiconductor firm Wolfspeed, according to a letter to Wolfspeed's board viewed by CNBC.

Here's what to know before withdrawing funds from inherited individual retirement accounts

If you've inherited an individual retirement account since 2020, you could have a shorter timeline to withdraw the money, which can trigger tax consequences.

Ford shares surge on Tesla's EV price cuts as the legacy automaker falls back on its roots

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

Bitcoin's next gen tokens are here. Inside the Silicon Valley hacker house where 17 coders helped build the new memecoin market

Bitcoin coders at popup hackathon prepared for big launches on blockchain after the halving, and a cryptocurrency market now valued at over $2.4 trillion.

Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates

Home Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.

Luxury real estate prices just hit an all-time record

Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.

Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic

The move will create new hardware devices that run the same operating system and software as Quest 3 and Quest Pro.

Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus

Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.

Disney technology executive Aaron LaBerge to leave company for personal reasons

Disney Entertainment CTO Aaron LaBerge is leaving the company for personal reasons, according to a company memo. A search for his replacement is underway.

Amazon ends drone program in California, plans to start deliveries in Arizona later this year

Amazon has been slow to expand Prime Air program since founder Jeff Bezos first sketched out his vision for drone deliveries in 2013.

What investors should know about the UAW's organizing drive of VW

The historic vote could have wide-ranging impacts on other automakers, organized labor and the overall U.S. automotive industry.

Meet the private doctor to the wealthy β€” at $40,000 a year

The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care.

Delta Air Lines gives staff another 5% raise, hikes starting wages to $19 an hour

Delta is the country's most profitable airline and has repeatedly lifted staff pay.

Ex-JetBlue CEO Robin Hayes to run Airbus North America

The recently departed CEO will be managing relationships with customers in North America, including his former airline and Spirit.

83% of teenagers are already thinking about retirement β€” but many make this one mistake

More than eight in 10 teens have already thought about their retirement. However, far fewer know the best way to set up a long-term plan, according to a report.

What will it take to get tech stocks rising again? An unemployment rate above 4%

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

EU threatens to suspend TikTok Lite’s money-for-views program over addiction fears

The European Union on Monday opened proceedings against ByteDance's TikTok and threatened to suspend its newly launched TikTok Lite rewards program.

Crypto prices gain to start the week following first Bitcoin halving since 2020

The Bitcoin network completed its fourth β€œhalving” late Friday, reducing the rewards miners earned to 3.125 bitcoins from 6.25.

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

The S&P 500 and the Nasdaq are up early Monday, in another attempt to end their sharp six-session slides.

Carrier, the century-old inventor of the air conditioner, is moving on to the home heat pump

Carrier is pivoting to capture the booming market for climate-friendly home heat pumps as federal and state government offer tax credits and rebates.

Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand

Longtime mall retailer Express filed for bankruptcy and plans to close nearly 100 stores as an investor group looks to save it from extinction.

Informatica says it's not for sale, following Salesforce's reported interest in $10 billion deal

Informatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal.

The highest-paying in-demand jobs that don't require a degree, according to new research

Demand for skilled tradespeople is expected to increase over the next decade and remain high in the U.S., McKinsey & Co. reports.

Trump trial: Court adjourns with ex-National Enquirer publisher David Pecker set to resume testimony

Prosecutors and attorneys for Donald Trump clashed as they each tried to define the former president's alleged crimes in his historic hush money trial.

Couple grew their basement side hustle into a business bringing in $4.5M/year: We'd 'never seen anything like that in a bank account'

Audrey Finocchiaro and Sam Lancaster nearly gave up on The Nitro Bar. Now, their coffee business brings in $4.5 million a year across Rhode Island and Massachusetts.

I made $40,000 a month from 3 income streams during a 4-month cruise around the worldβ€”here's how

I spent 10-15 hours a week running my online business from a ship, making mostly-passive income that helped me pay for my four-month, around-the-world cruise.

Global military spending hit all-time high in 2023 after 7% jump, report finds

Global military spending reached a fresh record high in 2023, totaling $2.4 trillion, a report by the Stockholm International Peace Research Institute said.

Emirates CEO issues apology after Dubai flood chaos; says airline has 30,000 suitcases to return

"We know our response has been far from perfect. We acknowledge and understand the frustration of our customers," Emirates Airline CEO Tim Clark wrote.
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