People walk by the New York Stock Exchange on April 4, 2025. Spencer Platt | Getty Images The efforts by President Donald Trump and his administration to reshape the global economy will likely damage the economy and financial assets, according to hedge fund giant Bridgewater Associates. Co-chief investment officers Bob Prince, Greg Jensen and Karen…
Companies in March accelerated their orders for big-ticket long-lasting goods ahead of President Donald Trump’s aggressive tariffs on U.S. imports, the Commerce Department reported Thursday. So-called durable goods orders soared a seasonally adjusted 9.2% on the month, up from a 0.9% gain in February and well ahead of the Dow Jones forecast for a 1.6%…
U.S. Department Secretary of the Interior Doug Burgum looks on during CERAWeek in Houston, Texas, U.S., March 12, 2025. Kaylee Greenlee | Reuters OKLAHOMA CITY — The Trump administration is considering investing in companies that mine and process critical minerals in an effort to end U.S. dependence on imports from countries including China, Interior Secretary…
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Alphabet reported Thursday that Waymo, its autonomous vehicle unit, is now delivering more than 250,000 paid robotaxi rides per week in the U.S. CEO Sundar Pichai said Waymo has options in terms of…
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange on Oct. 26, 2023. Brendan Mcdermid | Reuters ServiceNow shares surged more than 15% on stronger-than-expected first-quarter results and an upbeat forecast despite the uncertain macroeconomic environment. The enterprise technology company posted adjusted earnings of…
CNBC’s Jim Cramer analyzed the market’s rally over the past few sessions — which followed days of staggering losses — pointing to strong earnings results and the White House’s backtrack on its rebuke of Federal Reserve Chair Jerome Powell. “We had some of the best pin action off earnings that I’ve seen in ages. It…
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta has laid off employees in its Reality Labs division that is tasked with developing virtual reality, augmented reality…
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC. Alex Wong | Getty Images Alphabet, the parent company of Google and YouTube, reported first-quarter earnings on Thursday after the bell. Share rose 4% on the results. Here’s how the company did,…
An Amazon Web Services data center in Stone Ridge, Virginia, on July 28, 2024. Nathan Howard | Bloomberg | Getty Images OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 rose 1.3% on Thursday. The broad market index was on a three-session winning streak, rising more than 5%. Technology stocks were strong Thursday following good…
