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: Stocks were rallying to start the week, with all three major stock benchmarks — the Dow , the S & P 500 , and the Nasdaq — hitting new, all-time intraday highs. A cooling of trade tensions between the U.S. and China is a big part of the market rally after the world’s two biggest economies agreed on a framework for a deal to avoid increased tariffs. A flurry…
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President and CEO of Saudi’s Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. Hamad I Mohammed | ReutersThink of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth.While oil continues to drive Saudi Arabia’s economy, the kingdom is now expanding into areas such as artificial intelligence, tourism and sports to diversify its growth avenues.According to Saudi Arabia’s Minister for Investment Khalid Al Falih, more than half — 50.6% — of the Saudi economy is now “completely decoupled” from oil.”This percentage is growing,” Al…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses the day’s market action and the semiconductor stocks that lead markets higher after Qualcomm announced it will release new AI accelerator chips, competing against Nvidia’s market dominance. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and other cryptocurrencies rise after the U.S. and China agree on a trade deal framework. Senate democrats also rally colleagues to join a resolution condemning the president’s pardon of Binance founder Changpeng Zhao. Lastly, CleanSpark CEO Matt Schultz discusses the company’s move to pivot from pure-play bitcoin mining to also incorporate AI.11:56Mon, Oct 27 20253:00 PM EDT Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses semiconductor stocks leading markets to new highs after Qualcomm’s announcement that it will release new AI chips with Gene Munster, managing partner at Deepwater Asset Management. Source link
U.S. President Donald Trump poses for a photo with China’s President Xi Jinping before their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019.Kevin Lamarque | Reuters The mere prospect of a U.S.-China trade deal is enough to send global markets higher.On Monday stateside, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite closed at record highs, as did Japan’s Nikkei 225 and South Korea’s Kospi during Asian trading hours. European stocks rose too, but the Stoxx 600 was just an inch away from its all-time high.And that’s before an agreement has been signed officially.”A…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCNBC’s “Fast Money” team discusses retail trader sentiment with James Kostulias, head of trading services at Charles Schwab.03:153 hours ago Source link
This week’s earnings from major tech megacaps — namely Amazon, Alphabet, Apple, Microsoft and Meta — are vital to the market’s performance over the next few months, CNBC’s Jim Cramer said on Monday.”We know that the market’s direction for the next couple of months will be defined by the results we get this week,” he said. “You cannot mount a sustained advance if you lose these companies. Nothing can make up for them. Yes, the stakes really are that high.”These stocks, along with their Magnificent Seven peers Nvidia and Tesla, account for almost 35% of the S&P 500, Cramer said.…
Dan Rosensweig, CEO, CheggScott Mlyn | CNBCChegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the “new realities” of artificial intelligence and diminished traffic from internet search have led to plummeting revenue. The online education company, founded 20 years ago, has been hit by the rise of generative AI software tools, such as OpenAI’s ChatGPT, which have become increasingly popular among students. Chegg also sued Google in February, arguing that AI summaries of search results have hurt its traffic and sales.The company reiterated that claim on Monday, saying AI and “reduced traffic…
U.S. President Donald Trump meets with Japan’s Emperor Naruhito at the Imperial Palace in Tokyo on Oct. 27, 2025.Kazuhiro Nogi | Afp | Getty ImagesJapan’s Nikkei 225 is set to continue its record-breaking climb above the 50,000 mark on Tuesday as U.S. President Donald Trump is set to meet with newly minted Japanese Prime Minister Sanae Takaichi.Futures signaled further gains for Tokyo stocks, with the Nikkei contract in Chicago at 50,700 and its Osaka counterpart at 50,520, compared with Monday’s close of 50,512.32.Trump met Japan’s Emperor Naruhito after arriving in Tokyo on Monday and will be the first foreign leader…
