CNBC’s Jim Cramer on Thursday affirmed his faith in the earnings power of artificial intelligence, telling investors that Big Tech hyperscalers aren’t spending too much on the new technology.”These companies aren’t overspending on AI, they are actually underspending on AI,” Cramer said. “See, this is a winner-take-all, loser-take-none situation. The only reason to spend less is if you don’t believe you can win.”Tech megacaps have been shelling out more and more money on AI as the race for dominance in the field intensifies. Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technology…
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A Tesla vehicle is parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla’s going through a bumpy ride.The electric vehicle company on Wednesday reported a second consecutive quarter of declining auto sales. In Europe, Tesla’s market share fell for the sixth straight month to 2.8% in June from 3.4% a year ago.The Trump administration’s plans to reportedly roll back the U.S.’ push for cleaner vehicles will probably hit Tesla further. A $7,500 EV tax credit in the U.S. will expire at the end of September, indirectly raising the cost of Tesla…
The ‘Fast Money’ traders talk what the feud between the White House and Fed means for markets. Source link
From left, linebacker Jack Sawyer, with jersey, President Donald Trump, and head coach Ryan Day attend a ceremony with the 2025 College Football Playoff National Champions Ohio State Buckeyes, on the South Lawn of the White House on Monday, April 14, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesPresident Donald Trump on Thursday signed an executive order prohibiting “third party, pay-for-play” payments to college athletes, a move the White House is taking to curb “bidding wars” that have roiled college sports in recent years.The order, a fact sheet that was shared in advance with NBC News by a White House…
Some of Europe’s top banks have sounded alarm bells over the strength of the euro and outlined how U.S. tariffs have reshaped the investment landscape in the second quarter. Germany’s largest lender Deutsche Bank on Thursday reported a second-quarter profit beat but noted, across the board, the effects of the relative strength of the euro against the U.S. dollar. Speaking to CNBC’s Annette Weisbach, the lender’s Chief Financial Officer James von Moltke said the currency appreciation is the “big thing that’s kind of flowing through our numbers,” which showed mixed results in Deutsche Bank’s core investment banking subdivision. At BNP…
CNBC’s Julia Boorstin joins ‘Fast Money’ with breaking news on teh Paramout-Skydance merger. Source link
A trader works on the floor at the New York Stock Exchange in New York City, U.S., July 24, 2025. Brendan Mcdermid | ReutersStock futures were relatively unchanged on Thursday after the S&P 500 and Nasdaq Composite reached another record closing high.S&P 500 futures traded up 0.16%, while Nasdaq 100 futures gained 0.12% Futures tied to the Dow Jones Industrial Average rose 78 points, or 0.17%.Thursday marked another positive day for the S&P 500 and Nasdaq, as both indexes scored fresh all-time intraday and closing highs. That marked the broad market index’s 13th record close of 2025, four of which…
India expects to secure “preferential” tariffs from the United States that are better than those achieved by its economic rivals, according to India’s commerce and industry minister Piyush Goyal. Goyal, who led the negotiations on the U.K.-India trade agreement, signaled a confident approach from New Delhi in ongoing trade talks with Washington. “India will get a preferential tariff compared to our peers and our competitors, because we were amongst the first to get into negotiations and our discussions, our engagement is truly very, very significant,” Goyal told CNBC on Thursday. His comments were in response to a question about whether…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 and the Nasdaq Composite eked out gains to reach record closes, and what’s on the radar for the next session. Record breakers The S & P 500 closed at a record for the 13th time this year on Thursday. The Nasdaq Composite posted its 14th record close of 2025, too. The S & P…
Mizuho’s Jared Holz joins ‘Fast Money’ to talk the future of UnitedHealth after the stock slides on news of DOJ probe. Source link
