As Wall Street approaches the heigh of earnings season, CNBC’s Jim Cramer pinpointed the most important events happening next week — including the Federal Reserve’s meeting and earnings from Big Tech.Earnings are especially important as the government shutdown delays macro economic data, according to Cramer. He added that Friday’s gains make him fairly wary.”I wouldn’t be fretting so much about next week if it weren’t for today’s incredible rally that took tech to the moon,” he said. “But the unrestrained nature of the move makes me feel that there has to be a trick to go with today’s treat —…
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My fellow Americans:Prime Minister Nakasone of Japan will be visiting me here at the White House next week. It’s an important visit, because, while I expect to take up our relations with our good friend Japan, which overall remain excellent, recent disagreements between our two countries on the issue of trade will also be high on our agenda.As perhaps you’ve heard, last week I placed new duties on some Japanese products in response to Japan’s inability to enforce their trade agreement with us on electronic devices called semiconductors. Now, imposing such tariffs or trade barriers and restrictions of any kind…
In this photo illustration, iPhone screens display various social media apps on the screens on February 9, 2025 in Bath, England.Anna Barclay | Getty Images News | Getty ImagesThe European Commission, the executive arm of the European Union, said on Friday that it had preliminarily found both TikTok and Meta in breach of its transparency rules.It accused the U.S. tech giants of breaching their obligation to give researchers “adequate access” to public data under the Digital Services Act (DSA) — the EU’s landmark tech legislation.”The Commission also preliminarily found Meta, for both Instagram and Facebook, in breach of its obligations to provide users…
“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies.”When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said.Intel’s strong earnings results were in part because of more demand than supply, Cramer suggested. He noted that the company’s CFO, David Zinsner, said the semiconductor maker is supply constrained for a number of products, and that “industry supply has tightened materially.”Along with Intel, other tech names that are also supply…
Ontario Premier Doug Ford speaks during a campaign stop at Walker Construction in Niagara Falls, Ontario, Canada, on Jan. 31, 2025.Carlos Osorio | ReutersOntario Premier Doug Ford clapped back Friday at President Donald Trump for terminating all trade negotiations with Canada over an ad that Ontario has been running in the U.S. featuring former President Ronald Reagan criticizing tariffs.Trump late Thursday night cited a complaint about the ad by The Ronald Reagan Presidential Foundation and Institute for his decision to end talks.”TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL…
Check out the companies making headlines in midday trading. Ford Motor — The Detroit automaker surged 10.7% following its third-quarter earnings beat . Ford’s adjusted earnings of 45 cents per share topped the 36 cents expected from analysts polled by LSEG. Revenue came in at $47.19 billion, versus the $43.08 billion consensus estimate. Alphabet — Shares of the tech giant popped 2.5% after artificial intelligence company Anthropic and Alphabet’s Google officially announced their cloud partnership . The deal, worth tens of billions of dollars, gives Anthropic access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. Intel —…
Check out the companies making headlines before the opening bell : Intel — The chip stock surged more than 7% in premarket trading after the company reported better-than-expected revenue as demand for its core x86 processors for PCs recovered. Ford Motor — The Detroit automaker moved 4.2% higher following its third-quarter earnings beat . Ford’s adjusted earnings of 45 cents per share topped the 36 cents expected from analysts polled by LSEG. Revenue came in at $47.19 billion, versus the $43.08 billion consensus estimate. Applied Materials — Chip equipment manufacturer saw shares dip slightly after the firm announced it is laying…
JPMorgan is coming off the sidelines when it comes to Coinbase . The bank upgraded shares of the cryptocurrency exchange to an overweight rating from neutral. It also lifted its price target to $404 per share from $342. Coinbase stock has rallied 30% this year, but the firm said it still has an attractive valuation versus competitors. JPMorgan’s revised forecast calls from an additional upside of 25% from here. COIN YTD mountain COIN YTD chart As a catalyst, analyst Kenneth Worthington pointed to Coinbase’s exploration of launching a potential Base token, which he sees as accelerating the growth of development…
CNBC’s “Fast Money” team share their final trades of the day. Source link
Ontario Premier Doug Ford said Friday the province will pause airing a television ad featuring former President Ronald Reagan criticizing tariffs so that U.S.-Canada trade talks can resume — but only after the ad is shown during the first two World Series games this weekend.Ford’s move means millions of World Series viewers will see the ad that President Donald Trump cited for his decision Thursday to terminate trade negotiations with Canada.”Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses,” Ford said in…
