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CNBC Daily Open: Powell probe rattles Washington, but Wall Street shrugs
Screens broadcasts a press conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate cut announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Oct. 29, 2025. Brendan McDermid | Reuters Opposition to the Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell is gaining […]
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Trump targets credit card rates. What’s at stake for Capital One and other banks
Capital One shares dropped more than 6% on Monday after President Donald Trump targeted a key way that our favorite credit card issuer makes money. The weakness in Capital One followed Trump’s call for a one-year, 10% cap on credit card rates to take effect on Jan. 20. In his Truth Social post late Friday […]
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The Apple-Google AI deal is a massive win for investors in both tech giants
A core pillar of our investment case in Google-owner Alphabet materialized Monday. Fellow Club name Apple selected Google’s AI model, Gemini, to power the artificial intelligence features across Siri and other key products later this year. The multi-year partnership to integrate Gemini into Apple’s foundation models, confirmed in an Apple statement obtained by Jim Cramer, […]
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Apple picks Google’s Gemini to run AI-powered Siri coming this year
Apple is joining forces with Google to power its artificial intelligence features for products such as Siri later this year. The multi-year partnership will lean on Google’s Gemini models and cloud technology for future Apple foundational models, according to a statement obtained by CNBC’s Jim Cramer. “After careful evaluation, we determined that Google’s technology provides […]
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Alphabet hits $4 trillion market capitalization
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty Images Google parent company Alphabet has become the fourth member of the $4 trillion club. Alphabet shares popped about 1% Monday, after Apple said it had picked […]
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How BlackRock, world’s largest asset manager, is fine-tuning market portfolios for 2026
ETF Edge How BlackRock, world’s largest asset manager, is fine-tuning market portfolios for 2026 Published Sat, Jan 10 202610:07 AM EST Krysta Escobar WATCH LIVE Source
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This defense contractor is among the most overbought on Wall Street this week after Trump comments
The most overbought companies this week reflect investors’ rotation away from flashy tech names and into other corners of the market. Major U.S. indexes climbed this week despite fears about elevated geopolitical shocks and stock market valuations. The S & P 500 notched an all-time high on Friday and closed at another record. The tech […]
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AI memory is sold out, causing an unprecedented surge in prices
Eugene Mymrin | Moment | Getty Images All computing devices require a part called memory, or RAM, for short-term data storage, but this year, there won’t be enough of these essential components to meet worldwide demand. That’s because companies like Nvidia, Advanced Micro Devices and Google need so much RAM for their artificial intelligence chips, […]
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Grok and X should be suspended from Apple, Google app stores, Democratic senators say
Elon Musk looks on as US President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on November 19, 2025. Brendan Smialowski | Afp | Getty Images Three Democratic senators are calling on Apple and Google to suspend the X and Grok apps […]
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Humanoid robots take over CES in Las Vegas as tech industry touts future of AI
It’s the week Sin City turned sci-fi. Humanoid robots shadowboxed, danced and pretended to run small shops. Singapore-based Sharpa displayed a robotic hand playing table tennis and dealing blackjack hands. Across Las Vegas, technology companies used the annual CES trade show to reveal their visions of the future and to loudly proclaim that physical artificial […]
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