(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) The market quickly regained its footing, bidding to make Tuesday’s tumble appear a one-day shakeout of the most crowded, over-stretched and aggressive positions. The 1.2% S & P 500 decline Tuesday — driven largely by high-beta semiconductor and AI-levered tech stocks — never quite broke containment. For two days straight the S & P bounced off the 6760-ish threshold, which (probably not coincidentally) was the level that capped the early-October rally and from which the index tumbled in…
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Clara Shih, who’s now head of business AI at Meta., speaks during the 2024 Dreamforce conference in San Francisco, California, US, on Tuesday, Sept. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesHubSpot announced on Wednesday that Clara Shih, Meta’s head of business AI, has been added to the software company’s Board of Directors.Shih joined Meta last year to lead its artificial intelligence product team, which develops AI tools for businesses, like its digital assistant dubbed Business AI, which debuted last month. She was previously CEO of Salesforce AI. While parts of the tech universe are seeing a big bump…
The Vogtle nuclear power plant is located in Burke County, near Waynesboro, Georgia in USA. Each of the two existing units have a Westinghouse pressurized water reactor (PWR), with a General Electric turbine and electric generator, producing approximately 2,400 MW of electricity. Two Westinghouse made AP 1000 reactors are under construction here.Pallava Bagla | Corbis News | Getty ImagesThe Trump administration’s plan to spend tens of billions of dollars on Westinghouse nuclear plants could transform it into an independent, publicly traded company with the U.S. government as a major shareholder.The Commerce Department signed a deal last week with Westinghouse owners…
Hailey Bieber’s cosmetics line Rhode is expected to increase E.l.f. Beauty’s annual sales by $200 million this fiscal year, but its new parent company’s full-year guidance still fell below expectations, leading its stock to plunge 29% Wednesday.E.l.f., which declined to release full-year guidance last quarter, is expecting full-year revenue to be between $1.55 billion and $1.57 billion, implying 18% to 20% sales growth. That’s far below the $1.65 billion analysts were expecting, according to LSEG. In an interview with CNBC, CEO Tarang Amin said Rhode, which the company acquired earlier this year in a blockbuster $1 billion deal, is expected to…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
CNBC’s Jim Cramer offered advice on how to deal with declines, using Tuesday’s down session as an example. He encouraged investors to use widespread losses as a buying opportunity, pointing out that the indexes managed to rebound on Wednesday.”If you trust the market, if you don’t believe that one stock controls the entire tape, if you don’t take counsel of your fears and you do take counsel of your opportunities,” he said. “A day like yesterday can be the way you finally get a chance to start wading in — not all at once, that’s for fools, but gradually.”The major…
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan May 19, 2025. Ann Wang | ReutersQualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines.Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: $3.00 adjusted vs. $2.88 expectedRevenue: $11.27 billion vs. $10.79 billion expectedRevenue rose 10% from $10.24 billion a year earlier, Qualcomm said in a statement. Due to an income tax expense, the company recorded a net loss of $3.12 billion, or $2.89 a share, after reporting net income a year earlier…
Hong Kong SkylineNikada | E+ | Getty ImagesAsia-Pacific markets were set to open higher Thursday, tracking Wall Street gains after AMD’s third-quarter earnings beat lifted artificial intelligence stocks.Investors in the region are looking to Chinese autonomous vehicle firms WeRide and Pony.ai’s market debut in Hong Kong later in the day. Both companies are already listed in the United States.Pony.ai set the final IPO offer price at 139 Hong Kong dollars a share, according to a filing, raising gross proceeds of HK$6.7 billion (about $860 million). WeRide raised HK$2.4 billion. Japan’s benchmark Nikkei 225 index was set for a higher open,…
Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG:Earnings per share: 61cents vs. 53 cents expectedRevenue: $1.27 billion vs. $1.19 billion expectedRevenue doubled year-over-year, while net income climbed to $556 million, or 61 cents per share, up significantly from the same quarter last year, when the company posted net income of $150 million, or 17 cents per share.Transaction-based revenue, which is a proxy for trading…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCarter Worth, Worth Charting, talks what stocks he is looking to buy and what stock he is looking to sell between Roku and Caterpillar based on technical indicators. Source link
