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Author: usaeverydaylife
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: The S & P 500 was nicely higher on Wednesday, with the broad market index on pace for another record close. The session follows Tuesday’s vicious rotation out of momentum-based, year-to-date winners into more value-oriented laggards. The rotation looks mostly short-lived, although we are seeing some continued strength in some selected, unloved value stocks within our portfolio such as DuPont , Danaher , and Dover . Technology was back…
Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI.Sopa Images | Lightrocket | Getty ImagesLONDON — ElevenLabs, a London-based startup that specializes in generating synthetic voices through artificial intelligence, has revealed plans to be IPO-ready within five years.The company told CNBC it is targeting major global expansion as it prepares for an initial public offering.”We expect to build more hubs in Europe, Asia and South America, and just keep scaling,” Mati Staniszewski, ElevenLabs’ CEO and co-founder, told CNBC in an interview at the firm’s London office.He…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Solana’s SOL token climbs after the launch of the first U.S.-listed ETF to provide direct exposure to the token while also offering access to staking rewards. Plus, Coinbase announces the acquisition of token management platform LiquiFi. And, Andrew McCormick, head of eToro US, discusses the retail trading platform’s decision to further expand its crypto lineup to users in the United States.10:34Wed, Jul 2 20253:23 PM EDT Source link
The U.S. stock market will likely sell-off sharply if Thursday’s jobs report is anything like the weak private payrolls number from ADP, according to imagined outcomes from the JPMorgan trading desk. In a note on Wednesday, the JPM U.S. Market Intelligence team said the stock market is likely to move higher if the jobs report is roughly in line with expectations, but said that there’s more risk to the downside than the upside. Economists broadly expect growth of 110,000 jobs, according to Dow Jones. JPMorgan’s chief U.S. economist Michael Feroli projects 125,000 jobs added. The JPMorgan trading desk’s base case…
Synopsys logo is seen displayed on a smartphone with the flag of China in the background. Sopa Images | Lightrocket | Getty ImagesThe U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday. “Synopsys is working to restore access to the recently restricted products in China,” it said in a statement. The U.S. had reportedly told several chip design software companies, including Synopsys, in May that they were required to obtain licenses before exporting goods, such as software and chemicals for semiconductors, to China. The U.S. Commerce Department did not immediately respond to a request for…
Jack Janasiewicz, Natixis, joins ‘Fast Money’ to talk what to expect for the markets in the second half of 2025. Source link
Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies’ pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further. The MSCI Europe Aerospace and Defense Index (USD) has surged about 70% this year, according to LSEG data, while the iShares US Aerospace & Defense ETF (ITA) has gained more than 25%. The U.S. defense ETF hit a fresh all-time high on Thursday morning stateside, while the…
White Nike sneakers on June 26, 2025 in Paris, France.Edward Berthelot | Getty Images Entertainment | Getty Images If I had to choose between having a job and paying less for Nike shoes, you’d see me run barefoot to the office. Wednesday’s market moves, however, suggested that Wall Street preferred the cheaper shoes. The U.S. economy lost private sector jobs in June, the first time hiring had contracted since March 2023, according to payrolls processing firm ADP. It’s even more startling because a Dow Jones survey of economists had pegged job numbers to expand by 100,000.Meanwhile, U.S. President Donald Trump…
‘Fast Money’ traders talk Jefferies upgrading Apple. Source link
