This week’s earnings from major tech megacaps — namely Amazon, Alphabet, Apple, Microsoft and Meta — are vital to the market’s performance over the next few months, CNBC’s Jim Cramer said on Monday.”We know that the market’s direction for the next couple of months will be defined by the results we get this week,” he said. “You cannot mount a sustained advance if you lose these companies. Nothing can make up for them. Yes, the stakes really are that high.”These stocks, along with their Magnificent Seven peers Nvidia and Tesla, account for almost 35% of the S&P 500, Cramer said.…
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Dan Rosensweig, CEO, CheggScott Mlyn | CNBCChegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the “new realities” of artificial intelligence and diminished traffic from internet search have led to plummeting revenue. The online education company, founded 20 years ago, has been hit by the rise of generative AI software tools, such as OpenAI’s ChatGPT, which have become increasingly popular among students. Chegg also sued Google in February, arguing that AI summaries of search results have hurt its traffic and sales.The company reiterated that claim on Monday, saying AI and “reduced traffic…
U.S. President Donald Trump meets with Japan’s Emperor Naruhito at the Imperial Palace in Tokyo on Oct. 27, 2025.Kazuhiro Nogi | Afp | Getty ImagesJapan’s Nikkei 225 is set to continue its record-breaking climb above the 50,000 mark on Tuesday as U.S. President Donald Trump is set to meet with newly minted Japanese Prime Minister Sanae Takaichi.Futures signaled further gains for Tokyo stocks, with the Nikkei contract in Chicago at 50,700 and its Osaka counterpart at 50,520, compared with Monday’s close of 50,512.32.Trump met Japan’s Emperor Naruhito after arriving in Tokyo on Monday and will be the first foreign leader…
A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSouth Korea’s economy expanded at its fastest pace in more than a year, with its third-quarter gross domestic product growth topping analysts’ estimates on Tuesday.According to advance estimates from Bank of Korea, GDP rose 1.7%, year on year, compared to the 1.5% rise expected by economists polled by Reuters. The economy had grown by 0.6% in the second quarter.Data from the Bank of Korea revealed that growth was mostly supported by exports and the manufacturing…
CNBC’s “Fast Money” team share their final trades of the day. Source link
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American in New York City, U.S., Oct. 27, 2025. Brendan McDermid | ReutersStock futures were little changed Monday evening following a big rally to start the week.Key market catalysts loom ahead this week, including Big Tech earnings, a Federal Reserve rate decision and a potential China trade deal.Futures tied to the Dow Jones Industrial Average added about 15 points. S&P futures were basically flat, while Nasdaq 100 futures gained 0.1%.Investors during Monday’s session cheered cooling tensions between the U.S. and China ahead of a highly-anticipated meeting between…
Check out the companies making headlines in after-hours trading. Nucor — Shares of the steel products manufacturer added 3% after reporting strong results for the third quarter. Nucor said its earnings per share for the period was $2.63 per share, exceeding its earlier guidance that suggested earnings would be between $2.05 and $2.15 per share, per FactSet. Revenue for the third quarter came out at $8.52 billion, greater than analysts’ consensus expectation of $8.18 billion, according to FactSet. Nucor said it expects earnings from the current period to come out lower than those of the third quarter. F5 — Shares of…
With cash yields set to fall as the Federal Reserve cuts interest rates, investors may want to consider putting some of that money to work elsewhere. Americans are still flooding into money market funds, despite the the Federal Reserve’s latest campaign to lower borrowing costs. Total assets in the cash-like funds reached a record $7.4 trillion in the week ended Wednesday, Oct. 22, according to the Investment Company Institute . How much money market funds pay follows the Fed’s monetary policy, which means the annual percentage yield (APY) is expected to drift lower as the central bank continues easing rates.…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses the banking sector and the outlook for mergers and acquisitions in the sector after regional bank Huntington Bancshares acquired Cadence for more than $7 billion with Drew McKnight, co-CEO and managing partner of Fortress Investment Group. Source link
AMD Chair and CEO Lisa Su looks on, on the day of a meeting of the White House Task Force on Artificial Intelligence (AI) Education in the East Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | ReutersThe U.S. has formed a $1 billion partnership with Advanced Micro Devices to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security, Energy Secretary Chris Wright and AMD CEO Lisa Su told Reuters.The U.S. is building the two machines to ensure the country has enough supercomputers to…
