Transportation Secretary Sean Duffy said Monday that Elon Musk’s SpaceX is falling “behind” the U.S. timeline to return to the moon with Artemis and he will open the contract to other companies.”We’re not going to wait for one company,” Duffy, who is currently the acting NASA administrator, told CNBC’s “Squawk Box” on Monday. “We’re going to push this forward and win the second space race against the Chinese. Get back to the moon, set up a camp, a base.”SpaceX did not immediately return a request for comment.SpaceX is among the various contractors participating in NASA’s Artemis mission, which aims to…
Author: usaeverydaylife
After the 2020 corrective low in global equities, India was one the few countries that was able to keep up with the U.S. through the end of 2024. However, Indian equities have lagged the U.S. badly this year with a YTD return of only 3.44% for the iShares MSCI India ETF (INDA) . While 2025 has been an off-cycle year for India’s stock market, a new technical catalyst is on the horizon that bodes well for a strong finish to the year, in both absolute and relative terms. INDA has been in a corrective phase for over a year, reflecting…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were trading higher to start the new week with both the S & P 500 and tech-heavy Nasdaq gaining more than 1%. The rally in the S & P 500, which is led by Apple , puts the index within about 15 points of its record close on Oct. 8. Apple, a longtime Club name, was on track to close at a record high after positive mentions…
Amazon can’t catch a break. “Amazon has been terrible,” the worst of the Magnificent Seven stocks this year, CNBC’s Jim Cramer said on ” Squawk on the Street .” While modestly higher Monday, Amazon was back down around its post-earnings lows of early August, which were driven by concerns about Amazon Web Services cloud growth. Shares have declined more than 2% year to year. Cramer’s comments came on the back of Monday’s major AWS outage, which disrupted access to several major websites. The issue has been largely resolved, with most affected sites now back online. While the outage grabbed the…
Apple investors aren’t fully realizing the potential around the technology giant’s artificial intelligence work, according to Josh Brown , CEO of Ritholtz Wealth Management. The company has been testing its own AI chatbot called Veritas that can apparently give contextual answers based on users’ lives with employees, Brown said Monday on CNBC’s “Halftime Report.” That can help the stock go higher after Monday’s surge to records on the back of a report showing iPhone 17 sales are off to a good start. “The thing that none of us are saying out loud but is buzzing like wildfire among Silicon Valley…
Netflix has been largely left behind by the rest of the market this summer, yet Wall Street believes that the streaming giant has what it takes to rev higher again. The stock is up a mere 2.8% over the past three months, while the S & P 500 is up 7% in that time. Alphabet , which owns YouTube, has soared 38% in that time. This underperformance may seem counterintuitive, considering that Netflix just had its biggest hit in “KPop Demon Hunters” over the summer. In August, the movie marked Netflix’s first No. 1 box-office title ever . Sell-side analysts…
U.S. President Donald Trump meets Australia’s Prime Minister Anthony Albanese in the Cabinet Room at the White House, in Washington, D.C., U.S., October 20, 2025.Kevin Lamarque | ReutersPresident Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on critical minerals that includes plans for projects worth a total of up to $8.5 billion.”There will be $1 billion contributed from Australia and the United States over the next six months with projects that are immediately available,” Albanese told reporters at the White House during a meeting with Trump.Albanese said there will be three groups of joint projects…
Apple stock is getting its groove back as naysayers are proved wrong about the iPhone upgrade cycle. That means opportunity. Shares surged to an all-time intraday high Monday following a slew of positive commentary from Wall Street analysts and upbeat demand data for the newest iPhones. Apple was on pace to take out its Dec. 26, 2024 record-high close of $259. “People thought the tariffs were going to drive” iPhone prices higher, Jim Cramer during Monday’s Morning Meeting . “People [also] thought there was going to be not enough buying because of Siri. All nonsense.” “The misperception and misconception are…
Frazao Studio Latino | E+ | Getty ImagesAs the U.S. economy moves through the final quarter of the year, uncertainty remains a constant. Consumers and large corporations are showing resilience, but Main Street is still feeling the squeeze of inflation and shifting policies. The result? These mixed signals are keeping many small business owners on the sidelines when it comes to hiring and investment. Our latest CNBC|SurveyMonkey Small Business Survey captures this divide — and reveals how entrepreneurs are weighing risk in today’s uneven economy.This quarter’s data shows a sharp generational divide. While some small business owners remain hopeful, Gen…
Favorable consumer exposure should continue to help Darden Restaurants gain market share, according to Goldman Sachs. The bank upgraded the restaurant operator to buy from neutral. Analyst Christine Cho left her 12-month price target unchanged at $225, implying upside of 20%. Shares of Darden Restaurants have added 1% this year, but Cho said that Darden Restaurant’s somewhat elevated current valuation still seems justified. The company owns restaurant chains such as Olive Garden Italian Restaurant, Cheddar’s Scratch Kitchen, LongHorn Steakhouse and The Capital Grille. DRI YTD mountain DRI YTD chart “We believe the 19x multiple (implying a premium to casual dining…
