World
The Fed now will focus on the employment part of its mission — and for good reason
Federal Reserve officials have made it clear that they are turning their attention from a focus squarely on inflation to at least an equal concern about unemployment, and the latest data shows their concern is well placed. Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. […]
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Is Chinese e-commerce giant PDD’s stock plunge a buying opportunity? Analysts share their views
Shares of low-cost Chinese e-commerce giant PDD plunged on Monday, but it’s still a buy, according to some analysts. Those Nasdaq-listed shares fell nearly 29%, and declined further on Tuesday. PDD, which owns discount platforms Pinduoduo in China and Temu for the international market, had reported second-quarter earnings that fell short of expectations. Its revenue […]
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Nvidia stock could plunge 20% if Big Tech starts to signal this one change, fund manager says
Nvidia is riding a number of tailwinds right now, including strong pricing power thanks to high demand for its chips and a tight supply that’s helping the company command gross profit margins of over 70%. That could all change, according to one analyst, who has highlighted a sign that investors should watch out for, which […]
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Nasdaq 100 futures fall after Nvidia posts quarterly earnings: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that’s up more than 150% this year — posted strong quarterly results that […]
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OpenAI in talks to raise funding that would value it at more than $100 billion
In this photo illustration OpenAI icon is displayed on a mobile phone screen with the photo of Sam Altman, chief executive officer of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more than $100 billion, CNBC has learned. […]
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The next big market catalyst after Nvidia: September Fed decision
Nvidia has been the talk of the town this week. The next major catalyst for Wall Street is around the corner, however. The Federal Reserve is set to hold its next monetary policy meeting in September. The consensus is for the Fed to cut rates by at least a quarter percentage point , according to […]
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How to retool your 60/40 portfolio for income generation, per BlackRock
Investors with an eye toward income generation — especially as they look toward retirement — may want to consider fine-tuning their “balanced” portfolios, according to recent research from BlackRock. The S & P 500 has surged 17% in 2024, rising on exuberance around tech and the artificial intelligence trade. Tech darling Nvidia , up more […]
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NFT marketplace OpenSea says it received Wells notice from SEC: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Ben Gagnon, […]
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ETFs that bet solely on Nvidia are booming even in a sleepy summer for Wall Street
Investors have been jumping into single-stock funds that track Nvidia ahead of the chipmaker’s earnings report Wednesday, making this a key opportunity for a fast-growing corner of the ETF world to prove its worth. The GraniteShares 2x Long Daily Nvidia ETF (NVDL) has attracted more than $500 million of inflows over the last month, and […]
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Super Micro shares fall 23% on filing delay, Hindenburg Research report
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Shares of Super Micro Computer tumbled more than 23% on Wednesday, after the company announced it would not file its annual report for the fiscal year with […]
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