Author: usaeverydaylife

CNBC’s Jim Cramer on Monday rejected concerns of market cap concentration in the Magnificent Seven, saying they are tied together because of their high growth rates rather than their products.”It’s growth that matters to stock investors, not the data center, not accelerated computing, not even artificial intelligence,” he said. “Growth is what the Magnificent Seven have in common and growth is what the market always loves.”The Magnificent Seven — Amazon, Alphabet, Meta, Apple, Microsoft, Nvidia and Tesla — are some of the biggest names on the market, with artificial intelligence chip giant Nvidia recently becoming the first company to hit…

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Pedestrians are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd. on Aug. 6, 2024 in Sydney, Australia.Lisa Maree Williams | Getty Images News | Getty ImagesAsia Pacific markets mostly fell Tuesday, breaking ranks from Wall Street’s tech-fuelled rally.The rally followed Amazon shares rising 4% on a $38 billion deal with OpenAI, a move that will use hundreds of thousands of Nvidia’s graphics processing units. Nvidia also gained about 2% after it secured export licenses to ship its chips to the United Arab Emirates.Australia’s S&P/ASX 200 fell 0.36% as investors awaited the Reserve Bank of…

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Andrew Cuomo, New York City mayoral candidate, during a campaign event in New York, US, on Monday, Nov. 3, 2025. Christian Monterrosa | Bloomberg | Getty ImagesPresident Donald Trump on Monday night explicitly called on New York City residents to vote for Andrew Cuomo over Democratic nominee Zohran Mamdani in the mayoral election.Trump’s endorsement of the independent candidacy of the former New York governor Cuomo came on the eve of the election, where Curtis Sliwa is the Republican nominee, and where the Assembly member Mamdani has consistently held a solid lead in polls.”A vote for Curtis Sliwa (who looks much…

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Goldman Sachs has updated its top global stock picks for November, with five stocks being rated with an over 70% upside. The names come from the bank’s “Conviction List – Directors’ Cut,” a monthly list of recommended stocks to buy that is decided by a subcommittee. In Europe, the committee added Danish logistics firm DSV , Italian electrical cable company Prysmian , and U.K. hydrogen firm Ceres Power . It removed Swedish industrial parts maker Atlas Copco, Spanish Big Oil company Repsol and Belgian biopharmaceutical firm UCB . In APAC, movers included Taiwanese electronics manufacturer Hon Hai , South Korean…

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Traders work at the New York Stock Exchange on Nov. 3 2025. NYSEStock futures are little changed Monday night after the S&P 500 and Nasdaq Composite closed higher on the back of continued enthusiasm around the artificial intelligence trade.Futures tied to the Dow Jones Industrial Average slipped 23 points, or 0.05%. S&P futures were essentially flat, while Nasdaq 100 futures ticked down 0.05%.Palantir shares rose less than 1% in extended trading after the software company beat Wall Street’s estimates for the third quarter and gave strong guidance, fueled by growth in its artificial intelligence business.Stocks tied to the biggest AI…

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Check out the companies making headlines in after-hours trading. Palantir Technologies — Shares of Palantir rose 1% in extended trading after the software company reported quarterly results that beat Wall Street’s estimates , with government sales growing 52% from a year ago. Palantir earned 21 cents per share, after adjustments, on revenue of $1.18 billion for the period, while analysts polled by LSEG expected it to earn 17 cents per share on $1.09 billion in revenue. Palantir also gave better-than-expected fourth-quarter guidance as its commercial business, driven by its AI platform, continues to ramp up. Vertex Pharmaceuticals — The biotech…

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