A week after a deadly terrorist attack in Kashmir, diplomatic efforts to ease rising tensions between India and Pakistan have ramped up, as global jitters grow over the possibility of a military confrontation between the nuclear-armed neighbors.On Wednesday, Secretary of State Marco Rubio held separate conversations with Prime Minister Shehbaz Sharif of Pakistan and the Indian foreign minister, S. Jaishankar.In his exchange with Mr. Jaishankar, Mr. Rubio “reaffirmed the United States’ commitment to cooperation with India against terrorism” but also encouraged New Delhi to work with Pakistan to “de-escalate tensions and maintain peace and security,” the State Department said in…
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We suspect the CVS Health change, which goes into effect on July 1, could put a temporary overhang on Eli Lilly shares. Source link
Microsoft ‘s breakout rally after a stellar earnings report is warranted, but investors shouldn’t expect the same to hold true for every other Big Tech company, according to Josh Brown . Microsoft’s earnings “made everyone in every Nasdaq stock feel better given how much is riding on this continued capex boom supporting the current valuations in the space. So, look, this is an extraordinary comeback — it’s a magnificent company,” Brown told CNBC’s “Halftime Report” on Thursday. “I think it’s a little bit dangerous to look around and say, ‘Oh, there are probably 500 other Microsofts.’ There aren’t going to…
People walk through the hallways at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty ImagesData center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday.Dominion provides electricity in Loudoun County, nicknamed “Data Center Alley” because it hosts the largest cluster of data centers in the world. The utility works closely with the Big Tech companies that are investing tens of billions of dollars in data centers as they train artificial intelligence models.”We have not observed any evidence of slowing…
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple reports fiscal second-quarter earnings Thursday after the bell.Wall Street is eager to hear from Apple for the first time about how it is planning to deal with the Trump administration’s tariffs. Investors will also want to know what impacts tariffs might have on the company’s sales, earnings and product prices.Neither Apple nor CEO Tim Cook have yet to publicly comment on the hefty tariffs President Donald…
Firefighters had brought wildfires on the outskirts of Jerusalem under control on Thursday after battling the blazes for a second consecutive day, according to Israel’s fire and rescue service.The authorities reopened the main highway between Tel Aviv and Jerusalem and allowed evacuees to return to their homes in Israel and the Israeli-occupied West Bank.“Control has been declared over the big fire,” the fire and rescue service said in a statement Thursday evening.Earlier on Thursday, with winds forecast to pick up, firefighters raced to extinguish the fires, said Tal Volvovitch, a spokeswoman for the fire and rescue service.The exact cause of…
Check out the companies making headlines in midday trading. Meta Platforms — Shares of the Facebook parent jumped about 4% after the company beat earnings expectations . Meta signaled ongoing advertising resilience and upped its capital expenditures range to reflect more data center infrastructure investments, even amid macroeconomic uncertainty. The company also issued in-line guidance for the current period. Wayfair — The online home goods store gained nearly 2% after first-quarter results beat Wall Street’s estimates on the top and bottom line. Wayfair notched an adjusted 10 cents per share on revenue of $2.73 billion, while analysts polled by LSEG…
Big Tech companies are continuing to spend on artificial intelligence infrastructure and data center buildouts, quieting concerns about their growth and reviving investor sentiment in other parts of the AI market. Quarterly results from Microsoft and Meta released on Wednesday indicated that both giants are maintaining their AI spending plans despite the threat of tariffs, which could raise costs for data center parts that come from overseas. Wall Street cheered the results as both stocks rallied. “Contrary to investors’ worries of slowing capex, it appears that spending for AI continues to be unabated,” Citi analyst Christopher Danely wrote in a…
For years, an unsettling pattern has cast a cloud over Wall Street. Companies with spinoff plans often see their stocks lag in the runup to the completed deals. In investment circles, the phenomenon is known as spin purgatory. And, the CNBC Investing Club’s 29-stock portfolio has not been immune to this. Take Club stock DuPont , it has had an overall lackluster performance since the specialty chemicals giant unveiled plans nearly one year ago to split into three separately-traded companies — electronics and water, with the new DuPont keeping the health care and mobility portfolios. While DuPont initially rose following…
National Security Advisor Michael Waltz looks at his phone as he prepares for a TV interview at the White House on May 01, 2025 in Washington, DC. This week marks the first 100 days of U.S. President Donald Trump’s second term. Andrew Harnik | Getty Images News | Getty ImagesNational security advisor Mike Waltz is expected to leave his post in the Trump administration on the heels of controversy over his creation of a Signal messaging app group that was used to discuss U.S. military plans in March.Deputy national security advisor Alex Wong is also expected to leave his job,…
