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…
Trump’s message to Vladimir Putin came a day after the American president said he believed that “Russia is ready” for a peace deal with Ukraine.
Tide laundry detergent is shown on display in Compton, California. Mike Blake | Reuters Procter & Gamble on Thursday reported mixed quarterly results as demand for its products fell. The company, which owns Tide and Charmin, also slashed its full-year forecast for its core earnings per share and revenue. Shares of the company fell 2%…
The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Bloomberg | Bloomberg | Getty Images Norges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector. “The quarter has been…
Revolut CEO Nikolay Storonsky at the Web Summit in Lisbon, Portugal, Nov. 7, 2019. Pedro Nunes | Reuters LONDON — British fintech firm Revolut on Thursday announced it topped $1 billion in annual profit for the first time, a major milestone for the company on the road to an eventual initial public offering. Revolut, which…
Tensions from U.S. President Donald Trump’s tariffs are not only a headwind for South Korea but “bad for everybody,” said Bank of Korea Governor Rhee Chang Yong. “I really hope this trade tension will dissipate, because it’s bad for everybody,” Bank of Korea governor Rhee Chang Yong said late Wednesday. Speaking to CNBC at the…
