Check out the companies making headlines in midday trading: Autodesk — Shares of the design software maker rose nearly 4% after Starboard Value said it is preparing to wage a proxy fight and intends to nominate a minority slate of director candidates ahead of the company’s upcoming annual meeting. MicroStrategy — The company, which is now going by Strategy, rose 5.2%. A day earlier, it said it was issuing more securities to fund cryptocurrency purchases. The company is the largest corporate holder of bitcoin. Boeing — The aerospace giant saw its shares pop 6.3% after Chief Financial Officer Brian West gave upbeat commentary at…
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Investors can take advantage of the recent market sell-off by picking up shares of companies such as Meta and Netflix , according to JPMorgan. Technology stocks have been battered this year after the recent market meltdown, which drove the S & P 500 into correction territory last week and has the Nasdaq Composite still trading in a correction , a term signifying that an index is down more than 10% from its recent high. A slew of once high-flying names have plummeted as the artificial intelligence trade lost steam. Investors are also parsing through soft economic data and constantly changing news…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Markets are on the rise Wednesday, bouncing back a bit from Tuesday’s sell-off in tech stocks. Investors are awaiting the latest interest rate decision and economic projections from the Federal Reserve on Wednesday afternoon. While central bankers are expected to hold rates steady, their views on where the U.S. economy is headed may be different than they were in December. “What the Fed actually does is going to be based on the data,” said…
A picture titled “A Recent Entrance to Paradise,” which computer scientist Stephen Thaler said he had created using his generative AI platform, the “Creativity Machine.”Source: Wikipedia CCA federal appeals court ruled that art created autonomously by artificial intelligence cannot be copyrighted, saying that at least initial human authorship is required for a copyright.The ruling Tuesday upheld a decision by the U.S. Copyright Office denying computer scientist Stephen Thaler a copyright for the painting “A Recent Entrance to Paradise.”The picture was created by Thaler’s AI platform, the “Creativity Machine.”The “Copyright Office’s longstanding rule requiring a human author … does not prohibit…
A visual representation of the digital cryptocurrency, XRP.S3studio | Getty ImagesXRP surged after Ripple CEO Brad Garlinghouse said the Securities and Exchange Commission is no longer pursuing its appeal in the case against the payments company.The price of XRP was last higher by nearly 14% at $2.57.”It’s been almost four years and about three months since the SEC originally sued us, certainly a painful journey in lots of ways,” Garlinghouse said at the Digital Assets Summit in New York Wednesday morning. “I really deeply believed that we were going to be on the right side of the law and on…
One eternity later …Cue the SpongeBob SquarePants meme as the football world awaits a resolution to the Aaron Rodgers saga. (It’s been long enough that we can call it that, right?) The 41-year-old, four-time MVP is biding his time as he waits to see if the Minnesota Vikings would like to pursue a partnership. If they don’t, Rodgers could simply retire and leave the QB-desperate Pittsburgh Steelers and New York Giants with few inspiring options left to choose from.But, it seems as long as they’re still in play for Rodgers, the Giants and Steelers are (somewhat) content to wait. Three…
When the Kremlin released its summary of President Vladimir V. Putin’s call Tuesday with President Trump, one thing was unmistakable: The Russian leader hadn’t retreated from his maximalist aims in Ukraine and so far has conceded little.Much of what Mr. Putin agreed to during the call — including a limited 30-day halt on energy infrastructure strikes by both sides, a prisoner exchange and talks about security in the Black Sea — was spun as a concession to Mr. Trump in the respective summaries of the conversation released by Moscow and Washington.But all were goals that the Kremlin has pursued and…
We’re adding three more stocks to our All-Weather Stock List . These three are odd companies that dominate niche industries, allowing their revenues to steadily grow with no correlation to the overall economy. CNBC Pro created the All-Weather list back in late February after seeing some worrying signs in the market. We’ll be adding stocks to the list over time with a goal of finding durable companies that allow investors to win in any type of economy. We’ll be creating more lists this year. CNBC Pro is building them using analysis, screening techniques and research used by the pros. You…
Freeport-McMoRan (FCX) is set for a potential breakout as copper prices approach their 52-week highs, driving renewed interest in the largest global copper mining company. FCX, which generates most of its revenue from copper, is starting to outperform both the S & P 500 and its sector, signaling a bearish-to-bullish turnaround. The company’s recent earnings beat analyst expectations, reflecting strong operational performance and record production levels. FCX’s focus on innovation, including AI-driven technologies in its mining operations, positions it to meet rising global demand for copper, particularly in electronics and renewable energy sectors. With strong forward guidance for FY2025, FCX…
A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. Evgenia Novozhenina | ReutersEuropean Union regulators are taking steps to rein in Google and Apple on antitrust charges, even as U.S. President Donald Trump threatens to hit the bloc with tariffs for alleged “overseas extortion” of America’s tech giants.The European Commission, which is the executive body of the EU, said Wednesday that it found Google parent company Alphabet in breach of the Digital Markets Act (DMA) — a landmark law…
