Month: September 2024
GE Healthcare shows signs of life, but a lingering uncertainty keeps us on the sidelines
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. More weakness: There’s been a couple attempts at a rally Wednesday, but stocks are still mostly lower in the second session of September after a rough […]
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U.S. Steel shares drop more than 15% on report White House preparing to block Nippon Steel takeover
United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. Thomas O’Neil | Nurphoto | Getty Images U.S. Steel shares tumbled nearly 18% on Wednesday as the White House is reportedly preparing to block the company’s sale to Japan’s Nippon Steel. People familiar with the […]
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There are more turbulent market days ahead this third quarter, according to the charts
Over the last 11 months, the S & P 500 ‘s advance has been compared to various bull markets of the past: 2021, 2019, 2017, 2009, 1995-1999, etc. One year that hasn’t come up is 2022. Why would it? That was a harsh bear market, characterized by lower lows, raging inflation and historic rate hikes. […]
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Bitcoin ETFs saw heaviest outflows in four months on Tuesday as crypto prices plunged
CFOTO | Future Publishing | Getty Images Spot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff. More than $287 million was withdrawn from the 11 U.S.-listed ETFs, the biggest day for outflows since May 1, according to Farside […]
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Summer box office bounced back thanks to ‘Inside Out 2,’ ‘Deadpool & Wolverine’
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney Box office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade. Thanks to some anthropomorphic emotions and a bad-mouthed, fourth-wall breaking antihero, the domestic summer box […]
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British luxury icon Burberry dropped from UK’s FTSE 100 stock market index
LONDON, UNITED KINGDOM – 2020/07/16: Storefront of the Burberry store in the prestigious New Bond Street. (Photo by Dave Rushen/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images LONDON — British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index on Wednesday, as waning sales and […]
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Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBC Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank’s target. Previously one of the more hawkish policymakers, or in favor of tighter policy to […]
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OpenAI co-founder Ilya Sutskever raises $1 billion for his new AI firm
Ilya Sutskever, co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, Israel, June 5, 2023. Jack Guez | AFP | Getty Images OpenAI co-founder Ilya Sutskever, who left the artificial intelligence startup in May, has raised $1 billion from investors for his new AI company, Safe Superintelligence, or SSI. The company announced […]
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Stocks making the biggest moves midday: Dollar Tree, GitLab, Zscaler and more
Check out the companies making headlines in midday trading: Dollar Tree — Shares tumbled 20% after the discount retailer slashed its full-year outlook for net sales and adjusted earnings per share. Dollar Tree cited increasing pressures on middle- and higher-income customers. GitLab — The software developer’s stock soared 17% thanks to a strong third-quarter earnings […]
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UBS just downgraded critical chip firm ASML on expectations of a demand ‘normalization’
Critical chip equipment supplier ASML is set to face softer demand from buyers of its products in the coming years — and the artificial intelligence boom won’t be enough to offset these downside risks, according to analysts at investment bank UBS . In a fresh research note, UBS downgraded ASML to “neutral” and cut its price […]
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