Technology’s tough week may come with a silver lining: an attractive buying opportunity, according to Fundstrat. Technical strategist Mark Newton noted that tech stocks are now at prices suitable for investors to buy the dip. “It looks too early to give up on Technology,” Newton wrote Thursday night in a note to clients. “Despite the weakness this week … within the Magnificent 7 , the Technology sector as a whole has not broken support.” Tech has been under pressure this week amid concern about the valuation of some leading companies in the group. The Technology Select Sector SPDR fund (XLK),…
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Almost a year into the second Trump administration, public sector leaders and cybersecurity experts say budget cuts and gutting of federal agencies are weakening critical lines of government communication to help companies prepare and respond to cyberattacks, even as AI threats are rising.The most recent assessment of cybersecurity, based on the goals set forward by the bipartisan U.S. Cyberspace Solarium Commission, found that the U.S. was slipping in its progress toward 82 goals to create a strong cyber defense. “We were surprised and disappointed,” said Ret. Admiral Mark Montgomery, the executive director of Cybersolarium.org. The goals include things like reducing…
Travelers wait in line at a security checkpoint at O’Hare International Airport in Chicago, Illinois on November 7 2025. Kamil Krzaczynski | Afp | Getty ImagesU.S. airlines started cancelling hundreds of flights on Friday, hours after the Federal Aviation Administration ordered the cuts amid the more-than-monthlong government shutdown.The cuts were ordered as air traffic controllers have missed their paychecks due to the government shutdown, now the longest in U.S. history. Air traffic control staffing shortages have been disrupting flights at several major U.S. airports, vexing travelers and airline executives alike.The sudden flight cuts this week forced airlines to scramble with…
Pentagon-backed MP Materials warned investors this week to approach other rare earths projects with caution, pointing to the industry’s difficult economics.Stocks of U.S. rare earth companies have had wild swings in recent months as investors have speculated that the Trump administration might strike more deals along the lines of its landmark agreement with MP. Smaller retail traders have gotten involved in the stocks with the VanEck Rare Earth and Strategic Metals ETF up 60% this year.The Defense Department in July took an equity stake in MP, set a price floor for the company, and inked an offtake agreement with the…
Fg Trade | E+ | Getty ImagesInvestors who want to benefit from stock market gains but limit the impact of its losses are increasingly turning to registered index-linked annuities.Like other annuities, RILAs are insurance contracts that involve handing over money in exchange for a payout, often at a later date. As the name suggests, a RILA’s performance is based on a stock market index (or multiple indexes). They come with limits on both the loss and growth sides.”It’s like putting bumpers in a bowling lane — you’re limited on both sides,” said certified financial planner Jessica McNamee, founder and wealth…
CNBC’s Phil LeBeau and American Airlines CEO Robert Isom join ‘Squawk Box’ to discuss the impact of the ongoing government shutdown on air travel, navigating FAA’s flight reductions, impact on holiday travel, and more. Source link
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025.Hamad I Mohammed | ReutersThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. +$1 trillionThe richest man in the world is about to get a lot richer.Tesla shareholders approved CEO Elon Musk’s nearly $1 trillion pay plan yesterday, with 75% voting in support of the proposal despite opposition from top proxy advisors. The pay package will grant Musk 12 tranches of shares if the company reaches certain milestones…
An Amazon Web Services Inc. office in Herndon, Virginia, U.S., on Thursday, Aug. 29, 2024. Bloomberg | Bloomberg | Getty Images October’s job losses in the U.S. were nearly twice as high as a month earlier — the steepest for any October since 2003, data from outplacement firm Challenger, Gray & Christmas showed.The technology sector was the hardest hit, with 33,281 cuts, almost six times September’s total.Being laid off is an awful feeling — and it must feel bitterly ironic to work in a field that’s developing the very technology making you redundant.One person spared both redundancy fears and existential…
See which stocks are posting big moves before the bell. Source link
Deutsche Bank expects artificial intelligence to lift shares of Baidu higher. The bank upgraded the Chinese internet provider to a buy rating from hold. Analyst Leo Chiang also hiked his target price to $156 from $88, signaling upside of 23%. Chiang pointed to artificial intelligence driving the next phase of growth at Baidu. “Baidu has established a set of leading AI businesses spanning cloud computing, robotaxis, intelligent search, and AI chips,” he wrote. “All in all, we believe these rising AI businesses will drive the next phase of growth for the company.” BIDU YTD mountain BIDU YTD chart He sees…
