The stock market’s run to fresh all-time highs this week has left some individual names in overbought territory, putting them at risk of a pullback. The S & P 500 reached a record of 6,600.21 after an uptick in unemployment claims and a surprise decline in wholesale prices solidified expectations for at least a quarter percentage point rate reduction from the Federal Reserve next week. The benchmark ended the week with a 1.6% gain. Certain stocks, however, may have run too far too fast. Using the CNBC Pro screening tool , we searched for S & P 500 stocks that…
Author: usaeverydaylife
“Triumph of the Optimists” is a landmark history of investment returns during the 20th century. The story of past several weeks in markets could be called, “Redemption of the Cautious Optimists.” From the start of August, after a startling weak jobs report, the markets locked into investors’ preferred scenario: The Federal Reserve would soon lower interest rates — but not because the real economy is in need of urgent help. This allowed a somewhat extended equity rally as of the end of July to flatten out, cooling off overheated momentum stocks, offering relief to the lagging sectors, suppressing volatility, draining…
OpenAI CEO Sam Altman speaks to members of the media as he arrives at a lodge for the Allen & Co. Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho.Kevin Dietsch | Getty Images News | Getty ImagesOracle’s historic stock surge this week marked the latest chapter in the story of a single private company that’s dominated the tech landscape for almost three years: OpenAI.In Oracle’s blowout earnings report, OpenAI was a key catalyst due to a massive amount of money the artificial intelligence startup expects to spend on cloud computing technology in the coming years.It’s becoming a…
Passengers walk through the entrance of a TSA PreCheck in Terminal One at O’Hare International Airport in Chicago on Feb. 1, 2017.Armando L. Sanchez | Chicago Tribune | Getty ImagesFinding a cheap flight can at times feel as tough as scoring a decent snack on an airplane.But travel experts generally agree on one piece of advice to getting a good deal on airfare: Be flexible.”It’s our No .1 advice, always, for travelers” looking for deals, said James Byers, head of the product team at Google Flights.Flexibility may mean flying midweek instead of during the weekend, or perhaps traveling outside of…
The office building of international biopharmaceutical company AstraZeneca.Cfoto | Future Publishing | Getty ImagesBritain’s biggest company AstraZeneca has paused a planned 200 million pound ($271.26 million) investment in its Cambridge research site, a spokesperson said, the latest drugmaker to retreat from Britain.The decision on the investment, which had been set to create 1,000 jobs, means none of the AstraZeneca’s planned new funding – originally announced in March 2024 – is currently proceeding.In January, the company scrapped plans to invest 450 million pounds in its vaccine manufacturing plant in northern England, citing a cut in British government support.U.S. drugmaker Merck & Co also said this…
The U.N. General Assembly voted overwhelmingly Friday to support a two-state solution to the Israel-Palestinian conflict and urge Israel to commit to a Palestinian state, which Prime Minister Benjamin Netanyahu vehemently opposes.The 193-member world body approved a nonbinding resolution endorsing the “New York Declaration,” which sets out a phased plan to end the nearly 80-year conflict. The vote was 142-10 with 12 abstentions.Hours before the vote, Netanyahu said “there will be no Palestinian state.” He spoke at the signing of an agreement to expand settlements that will divide the West Bank, which the Palestinians insist must be part of their state, saying, “This place…
CNBC’s Jim Cramer predicts Corning stock could go much higher as the 174-year-old glass maker further capitalizes on alliances with major tech players, such as Nvidia and Apple . “Talk about a hot stock,” Cramer said during ” Squawk on the Street ,” acknowledging this year’s big run in shares, which hit 25-year highs Friday. “[This] one I think could be a rocket ship.” Corning makes glass for smartphones, computers, and all kinds of other device screens, as well as data center and communications wiring. The New York-based company’s products are also used in many other ways, such as in…
Xpeng CEO He Xiaopeng speaks to reporters at the electric carmaker’s stand at the IAA auto show in Munich, Germany on September 8, 2025. Arjun Kharpal | CNBCGermany this week played host to one of the world’s biggest auto shows — but in the heartland of Europe’s auto industry, it was buzzy Chinese electric car companies looking to outshine some of the region’s biggest brands on their home turf.The IAA Mobility conference in Munich was packed full of companies with huge stands showing off their latest cars and technology. Among some of the biggest displays were those from Chinese electric…
The Boeing Company at Paris Air Show 2025 in Le Bourget airport. Nicolas Economou | Nurphoto | Getty ImagesThe Federal Aviation Administration on Friday proposed fining Boeing $3.1 million for a series of safety violations, including actions tied to the January 2024 Alaska Airlines 737 MAX 9 mid-air emergency, and for interfering with safety officials’ independence.The FAA found hundreds of quality system violations at the planemaker’s 737 factory in Renton, Washington, and Boeing subcontractor Spirit AeroSystems’ 737 factory in Wichita, Kansas.The FAA also said Boeing presented two unairworthy aircraft to the FAA for airworthiness certificates and failed to follow its…
Investors aren’t letting a little bad news bother them. Despite some unsettling developments, Wall Street roared to new records this week. Even with tariff-inducted inflation rising and growing signs of stress in the labor market, the focus now is on healthy corporate profits and aid on the way from Washington. Among the worst of it: The Bureau of Labor Statistics issued revisions to prior payroll counts that showed the economy created nearly a million fewer jobs than previously thought. On top of that, layoffs spiked last week, inflation edged higher and worker confidence by one measure hit record lows. There’s…
