A trader works, as a screen displays a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange on July 26, 2023. Brendan McDermid | Reuters The S&P 500 rose on Monday, with tech shares kicking off the week on solid footing as…
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images DETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth….
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. Timothy A. Clary | Afp | Getty Images U.S. stock futures slid Wednesday night after the tech-heavy Nasdaq Composite finished above the 20,000 level for the first time. Futures tied…
Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business. Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction against OpenAI on Friday. The injunction would also stop OpenAI from allegedly requiring its investors to refrain from funding…
Jaque Silva | Nurphoto | Getty Images Alphabet shares fell 4% on Thursday, after the Department of Justice called for Google to divest its Chrome browser as a remedy to its antitrust case. The proposed breakup would, according to the DOJ filing Wednesday night, “permanently stop Google’s control of this critical search access point and…
The exchange-traded fund industry is trying to make pair-trade strategies more accessible to everyday investors. Tidal Financial Group’s Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other. “They should come out probably in about two or three months,” Venuto, the firm’s chief investment officer and co-founder, said on CNBC’s…
Amazon said Tuesday it received regulatory approval to begin flying a smaller, quieter version of its delivery drone, the latest step in its long-running efforts to get the futuristic program off the ground. The company unveiled the new drone, called the MK30, in November 2022. It said then that the MK30, in addition to the…
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — The burrito chain reported mixed quarterly results and shares dipped 3%. Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Revenue came out at $2.79 billion for the period, just…
Sebastien Bozon | AFP | Getty Images With massive corporations including Alphabet, Meta, Apple, Microsoft and Amazon set to report earnings next week, CNBC’s Jim Cramer on Friday urged investors to keep a level head. He also said not to forget about the nonfarm payroll report next Friday, where a weak hiring result could urge…
CNBC’s Jim Cramer analyzed Tuesday’s market action and explained why some Big Tech favorites saw gains while other stocks floundered, saying investors are worried about the broad economic implications of rising bond yields. “Big tech made a big comeback today because of the bond market, not anything to do with the stocks themselves,” he said….
