Deepwater’s Gene Munster joins ‘Fast Money’ to talk Meta’s investor call. Source link
Author: usaeverydaylife
Federal Reserve Chair Jerome Powell put a damper on the bull rally, after saying that a December rate cut isn’t a “foregone conclusion” as a divided central bank tries to operate on limited visibility. Stocks came off their highs Wednesday following the start of Powell’s post-meeting news conference. The Dow Jones Industrial Average was closed lower by 74 points, or 0.2%, after climbing as high as 0.7% at the highs of the day. The S & P 500 was little changed, after rising 0.4%, previously. The Nasdaq Composite alone was higher, up 0.6%, as investors awaited the release of megacap…
ServiceNow CEO Bill McDermott pushed back against the idea that artificial intelligence technology will make enterprise software redundant in a Wednesday interview with CNBC’s Jim Cramer.”We realize the world needs access to the great hyperscalers, and so we integrated with all three of them. So that’s a cooperative,” McDermott said. “The world’s going to benefit from the large language model providers, but they don’t do what we do.”As AI continues to develop, some on Wall Street are worried that companies will be able to rely solely on automated models — making many enterprise software companies’ products obsolete.ServiceNow makes software for…
A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel in Austin, Texas, on March 8, 2025.Mat Hayward | Variety | Getty ImagesYouTube is offering voluntary buyouts with severance for U.S.-based employees as it restructures its product organization to focus more on artificial intelligence.The move comes as Google CEO Sundar Pichai pushes employees to boost productivity by using AI across the company.In an internal memo to staff, YouTube CEO Neal Mohan said the platform is reorganizing its product teams for the first time in a decade.”Looking to the future, the next frontier…
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., Oct. 29, 2025.Kevin Lamarque | ReutersThe Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises. Here are five key takeaways:The Federal Open Market Committee, as expected, delivered its quarter percentage point rate cut, but not without some backstage intrigue that included two dissenting votes — one in each direction. While Governor Stephen Miran delivered a widely anticipated “no” vote because he preferred a half-point reduction, Kansas City…
Wall Street is gearing up for the biggest earnings day for megacap tech, with reports from Meta , Microsoft and Alphabet due out after Wednesday’s market close. Investors are keeping a close eye on how the biggest tech names perform as these results could be the factor that pushes stocks to further heights — or leads to an unwind of the bull market. Tech earnings have grown crucial in recent years, particularly amid the rise of artificial intelligence. A select group of megacap companies are trading at record levels, with just eight — Nvidia , Microsoft, Apple , Alphabet, Amazon , Meta,…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Close-up of a Starbucks branded paper bag on a picnic table outdoors in a park, Walnut Creek, California, May 19, 2024. Smith Collection/gado | Archive Photos | Getty ImagesCoffee delivery has turned into a $1 billion business for Starbucks.The coffee giant said on Wednesday that its annual delivery sales crossed the milestone in fiscal 2025, which ended on Sept. 30. In the company’s fiscal fourth quarter, delivery sales climbed almost 30% compared with the year-ago period, executives said.The growth of Starbucks’ delivery initiative comes as the company’s broader U.S. business embarks on a turnaround. Starbucks reported flat U.S. same-store sales…
Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty ImagesMicrosoft took a $3.1 billion hit to its net income in the first quarter due to the software company’s hefty investment in OpenAI.In its earnings report on Wednesday, Microsoft said the drop in profit reflected an “equity method investment,” resulting in a 41-cent decline in earnings per share. Net income still rose to $27.7 billion, or $3.72 per share, from…
TOKYO, JAPAN – OCTOBER 28: U.S. President Donald Trump (L) and Japanese Prime Minister Sanae Takaichi (R) hold up signed documents for a critical minerals/rare earth deal with Japan during a meeting at Akasaka Palace on October 28, 2025 in Tokyo, Japan. Andrew Harnik | Getty Images News U.S. President Donald Trump’s push to secure rare earth supply deals across Asia will ultimately weaken China’s dominance in the global supply chain for critical minerals — but analysts said the buildup will take years.Over 10 days, Trump cemented deals with Australia, Malaysia, Cambodia and most recently, Japan, to bolster the supply…
