World
Intel working with bankers to present board with strategic options
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and […]
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In his new book, Trump threatens to imprison Mark Zuckerberg and says he ‘got along well’ with Putin
Former U.S. President Donald Trump speaks during the NRA ILA Leadership Forum at the National Rifle Association (NRA) Annual Meeting & Exhibits at the Kay Bailey Hutchison Convention Center on May 18, 2024 in Dallas, Texas. Justin Sullivan | Getty Images In a new book of photographs, former President Donald Trump describes his term in […]
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Uber CEO says growth in South Korea promising despite underdog status
The Uber company logo is seen in the Falchi Building on June 26, 2024 in New York City. Michael M. Santiago | Getty Images Uber Technologies’ CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao, and said the platform will attract more taxi drivers for growth. “The fact is that a […]
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Here’s how much athletes at the Paris Paralympics earn for winning medals
Paris 2024 Paralympic Games logo, on July 22, 2024, in Paris France. Nurphoto | Nurphoto | Getty Images As the dust of the 2024 Paris Olympics settles, venues across the City of Light welcome a new crop of athletes for the Paralympic Games. While the International Paralympic Committee does not dole out prize money for […]
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These Asian firms in Buffett’s Berkshire Hathaway portfolio have surged, with one soaring 30%
Warren Buffett, Berkshire Hathaway CEO and chairman. Cnbc | Nbcuniversal | Getty Images Shares of the five trading firms in Warren Buffett-backed Berkshire Hathaway‘s portfolio — Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co, and Sumitomo Corp — have surged, with one rising as much 30% in 2024. These five names are also the […]
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Asia markets climb as U.S. jobless and GDP numbers calm recessionary fears; investors assess Japan data
People walk through Shibuya on June 23, 2020 in Tokyo, Japan. Carl Court | Getty Images Asia-Pacific markets climbed Friday after economic data from the U.S. calmed recessionary fears, while investors also assessed a slew of data from Japan. Initial jobless claims in the U.S. fell to 231,000 from the prior week’s 232,000, but were […]
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Morgan Stanley is bullish on these global stocks from a corner of the semiconductor sector
The semiconductor sector has been under pressure, but Morgan Stanley sees opportunities in one corner: the bonder market. It’s a market that involves the production of integrated circuits and microelectronic components and is driven in part by the demand for electronics such as smartphones and electric vehicles. “Overall cycle is recovering slowly and equipment vendors […]
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It’s too late to buy utilities — a red-hot AI play — except for 2 stocks, says top Morningstar strategist
Utilities stocks have been a red-hot play off the artificial intelligence boom, with AI leading to the need for much power. The Vanguard Utilities ETF, for instance, has soared nearly 21% year-to-date, more than the S & P 500’s 18%. But the sector has now run too far, according to Morningstar’s Dave Sekera. He said Morningstar […]
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Stock futures are slightly higher as traders brace for key inflation report: Live updates
A trader works on the floor of the New York Stock Exchange in New York, US, on Friday, Aug. 23, 2024. Bloomberg | Bloomberg | Getty Images Stock futures ticked higher Thursday night as investors prepared for a crucial inflation reading that’s closely watched by the Federal Reserve. Futures tied to the Dow Jones Industrial […]
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Dell beats estimates as server sales soar 80%, riding AI wave
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 3% in extended trading. Here’s how the company did for […]
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