Month: June 2024
Fed meeting live updates: All eyes on central bank’s new rate forecast
All eyes are on Fed’s dot plot as traders look for clarity on rate cut path Traders will have their focus on the Federal Reserve’s dot plot of interest rate expectations as the central bank concludes its policy meeting. The dot plot, a quarterly report of where policymakers see the fed funds rate heading, is […]
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Stocks making the biggest moves midday: Oracle, Apple, Rentokil Initial and more
Check out the companies making headlines in midday trading: Oracle — Shares of the software maker surged more than 12% to an all-time high after the database management company announced cloud deals with Google and OpenAI. Oracle said it would bring its database to Google’s cloud in November. It is also partnering with Microsoft and […]
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Here’s what investors expect from the stock market after the Fed decision Wednesday
Wednesday is set to be a big day for investors with fresh inflation data in the morning and a new summary of economic projections from the Federal Reserve in the afternoon. But as far as Wall Street is concerned, the Fed event, at least, could largely be a snooze. Broadly speaking, market observers expect that […]
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At Stellantis investor day, cost cuts and China come into focus
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters DETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. That’s beginning to pay dividends for the company and investors. How the trans-Atlantic […]
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Biden cheers cooling inflation ahead of key Fed interest rate decision
President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did not rise in May over their April levels, marking the first time since 2022 that U.S. month over month inflation has remained flat. “Prices are still too high, but today’s report shows welcome progress on […]
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Jim Cramer says the best is yet to come at Oracle — plus, his thoughts on 4 more stocks
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Oracle : The tech giant had a mixed quarter. But it announced new artificial intelligence partnerships with Alphabet ‘s Google and Microsoft -backed OpenAI. Oracle also reported strong RPO, short for remaining performance obligation. RPO is what contracted […]
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Oracle stock pops 10% on AI demand, new deals with Google and OpenAI
Oracle Chairman of the Board and Chief Technology Officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images Oracle shares jumped more than 10% on Wednesday, a day after the software company announced its fourth-quarter results and cloud deals with Microsoft-backed […]
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U.S. widens sanctions on Russia to discourage countries such as China from doing business with Moscow
White House National Security Communications Advisor John Kirby speaks during a press briefing at the White House in Washington, U.S., April 15, 2024. Elizabeth Frantz | Reuters The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support […]
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Southwest CEO vows change as activist investor pushes for new leadership
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024. Mike Blake | Reuters Southwest Airlines CEO Bob Jordan said the company is ready to adapt to changing customer trends like premium seating as pressure from an activist investor mounts. “We will adapt as our customers’ needs adapt,” Jordan said at an […]
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Apple surpasses Microsoft as world’s most precious enterprise immediately after unveiling AI ideas
Apple CEO Tim Cook dinner attends the yearly developer meeting event at the firm’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | Reuters Apple surpassed Microsoft on Wednesday to turn into the most precious enterprise in the globe, right after it announced its thrust into synthetic intelligence for the duration of its […]
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