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Here is what caused the wild swings in our 34-stock portfolio last week
The S & P 500 closed lower on Friday but slightly higher for the week. It briefly topped 7,000 for the first time ever Wednesday. There was no storage of news: Ten portfolio names, including three of our megacaps, reported earnings throughout the week; the Federal Reserve held interest rates steady on Wednesday; software stocks […]
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A ‘staggering’ number of people bought new iPhones last quarter—analysts explain why, and whether it’ll happen again soon
Apple CEO Tim Cook called his company’s recent iPhone sales surge “simply staggering” on Thursday. What was behind the iPhone 17 family’s successful debut? Analysts have a few theories. The company topped Wall Street’s expectations in the most recent quarter, posting $143.76 billion in total revenue for the period that included a 23% year-over-year bump […]
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Amazon wraps controversial week ahead of ‘Melania’ premier, fourth-quarter earnings
Movie posters for the documentary “Melania” featuring U.S. first lady Melania Trump are displayed in a New York City subway station, in New York, U.S., Jan. 14, 2026. Jeenah Moon | Reuters It was a turbulent week for Amazon. From a bungled email prematurely announcing another massive round of layoffs to scrutiny around the company’s […]
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Buzz about Broadcom’s custom chips is testing, but not breaking Nvidia’s dominance
If money were not a factor, a Google software engineer says custom chips, like those from Broadcom , would always be his default selection to build cutting-edge artificial intelligence models. “I am a hundred percent using a custom chip of some sort if resources are not a constraint and I need to move fast and […]
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The hottest retail investor picks since the meme stock craze shook up Wall Street
Five years ago this week, retail investors launched a meme stock craze that would go on to become a key event in modern market history. The army of online traders began by short-squeezing stocks like GameStop , a move that was later memorialized in the 2023 movie “Dumb Money.” This group also centered focus on […]
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Sandisk stock soars 14% after blowout earnings report shows overwhelming AI demand
Sandisk‘s stock popped 14% after the company crushed Wall Street’s fiscal second-quarter estimates, as the artificial intelligence boom sent demand for its chips skyrocketing. The flash storage memory company reported earnings of $6.20 per share, excluding items, blowing past the $3.62 per share expected by analysts surveyed by FactSet. Revenue totaled $3.03 billion, topping a […]
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Trump picks Warsh, Apple earnings, the software bear market and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. President Donald Trump has made his decision on who he’ll nominate to be the Federal Reserve’s next chair, and it turns out that it was one of the “Kevins” after all. Stock futures are lower this morning. The S&P 500 […]
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CNBC Daily Open: We’ll soon find out who the new Fed chair is
A digger sits at the construction site of the Federal Reserve headquarters, after U.S. President Donald Trump renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell over Powell’s management of renovations of the building, in Washington, D.C., U.S., January 12, 2026. Kevin Lamarque | Reuters The current moment feels like the finale […]
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CNBC Daily Open: iPhone drove Apple’s robust earnings — but investors weren’t too enthused
A general view of the Apple retail store on Nanjing East Road in Shanghai, China, on Jan. 29, 2026. Ying Tang | Nurphoto | Getty Images One of the defining features of Apple’s iPhone 17 Pro is its 8x zoom — it helps focus on things that matter. For consumers, it’s memorable moments; for Apple, […]
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Apple can’t secure enough chips as iPhone demand surges, memory prices rise
Apple CEO Tim Cook holds up a new iPhone 17 Pro during an Apple special event at Apple headquarters in Cupertino, California, Sept. 9, 2025. Justin Sullivan | Getty Images Apple reported blowout first-quarter earnings on Thursday, and predicted growth of as much as 16% in the current quarter, matching the period that just ended. […]
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