‘Fast Money’ traders talk how they are playing Intel post-earnings. Source link
Author: usaeverydaylife
CNBC’s Jim Cramer analyzed the market’s rally over the past few sessions — which followed days of staggering losses — pointing to strong earnings results and the White House’s backtrack on its rebuke of Federal Reserve Chair Jerome Powell.”We had some of the best pin action off earnings that I’ve seen in ages. It was pure joy as we watched one lead pin after another slash and slam the sticks behind it… strike after strike after strike,” he said. “Throw in total radio silence from the White House on anything business-related, and you end up with a nice, powerful rally.”On…
Tariffs are not the only threat to business for big companies selling coffee in the United States. On Thursday, a watchdog group petitioned the Trump administration to block coffee imports that it says are produced with forced labor akin to modern-day slavery in Brazil, the world’s largest coffee grower.The petition to Customs and Border Protection, filed by the nonprofit Coffee Watch, names Starbucks, by far the largest coffee retailer in the country, as well as Nestle, Dunkin’, Illy, McDonald’s and Jacobs Douwe Egberts, the owner of Peet’s, as companies that rely on potentially dubious sources. It asks the Trump administration…
‘Fast Money’ traders talk the week’s market gains and if they could stretch into Friday. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Thursday as the major averages logged a third straight day of gains and what’s on the radar for Friday’s session. AbbVie earnings ahead The biotech giant reports earnings Friday before the bell. The stock is up 6% since last reporting three months ago. But shares are down 14% so far this month. CNBC’s Angelica Peebles will have AbbVie ‘s…
A view of the US Capitol building ahead of US President Donald Trump’s address to a joint session of Congress in Washington, DC, on March 4, 2025. Alex Wroblewski | AFP | Getty ImagesRepublicans in the U.S. Congress plan to introduce a sweeping $150 billion defense package that will give an initial $27 billion boost to President Donald Trump’s controversial Golden Dome missile defense shield and bolstering shipbuilding, according to a document and a congressional aide.The measure would supercharge the national defense budget with new money to build 14 warships and lift homeland security spending. This will add $150 billion to the already approved $886…
Pedestrians walking across a crowded traffic at Shibuya crossing square in Tokyo, Japan.Jaczhou | E+ | Getty ImagesAsia-Pacific markets opened higher after Wall Street gained for a third straight day as tech stocks rallied, with investors assessing the trade climate as the U.S. tones down tariff rhetoric.Japan’s benchmark Nikkei 225 rose 0.91% and the Topix added 0.88% in the open. South Korea’s Kospi climbed 1.03% while the small-cap Kosdaq rose 0.6% as South Korea reportedly inches closer to striking a trade deal with the U.S. Futures for Hong Kong’s Hang Seng index stood at 22,158, higher than HSI’s last close…
Gene Munster, Deepwater, joins ‘Fast Money’ to talk Alphabet results. Source link
President Donald Trump’s trade policies will have a negative impact on Google parent Alphabet’s core advertising business, an executive from the company said Thursday.Alphabet, which reported stronger-than-expected revenue in its first quarter of the year, faces an online ads market that’s on edge due to concerns about how Trump’s tariffs will affect the economy and business spending. While the word “tariff” was never mentioned on Alphabet’s investor call Thursday, “macro” was mentioned several times as investors peppered company executives with questions about forward looking economic impacts amid new trade policies.Several strategists increased their odds of a recession after Trump on…
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersAlphabet reported Thursday that Waymo, its autonomous vehicle unit, is now delivering more than 250,000 paid robotaxi rides per week in the U.S.CEO Sundar Pichai said Waymo has options in terms of “business models across geographies,” and the robotaxi company is building partnerships with ride-hailing app Uber, automakers and operations and maintenance businesses that tend to its vehicle fleets.”We can’t possibly do it all ourselves,” said Pichai on a call with analysts for Alphabet’s first-quarter earnings. Pichai noted that Waymo has…
