business news
‘This is what you live for’: Top tech analyst says buy the dip on these high-quality stocks
Investors can get “high quality assets that are trading 20% off,” tech analyst Mark Mahaney says, revealing his top picks. Source
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Asia-Pacific stocks rise following overnight Wall Street surge
SINGAPORE — Shares in Asia-Pacific climbed in Friday morning trade following big gains overnight on Wall Street as the Nasdaq Composite surged 3%. South Korea’s Kospi gained 0.27% while the S&P/ASX 200 in Australia advanced 0.46%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.26% higher. Investors watched moves in Asia-Pacific technology stocks after […]
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Sixteen states sue the Postal Service over plan to buy gas-powered vehicles
Sixteen states on Thursday sued the U.S. Postal Service over its plan to replace its aging delivery fleet with thousands of gas-powered delivery vehicles over the next decade, alleging that the agency hasn’t adequately accounted for the environmental harm of the vehicles. They were joined by the District of Columbia, the City of New York and […]
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Cramer’s lightning round: Don’t sell Weber here
Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Questions for Cramer?Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer’s world? Hit him up!Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram Questions, comments, suggestions for the “Mad Money” website? [email protected] Source
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Hertz CEO says rebounding business travel could tighten an already-constrained used car market
Business travel is making a comeback and could constrain already tight supplies of rental cars when it finally recovers, Hertz chief executive Stephen Scherr told CNBC’s Jim Cramer on Thursday. “Corporate business is trending upwards, make no mistake about it. I’m confident that that starts to come back, and I think the in-bound visitor from […]
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Jim Cramer says he’d buy Facebook after earnings beat, but it’s too soon for ‘a victory lap’
CNBC’s Jim Cramer said Thursday that Facebook parent Meta is a buy after the social media platform beat Wall Street expectations on earnings in its first quarter. “While it’s too soon to be doing a victory lap here — the stock’s still down huge for the year — I feel like Meta Facebook’s turnaround efforts […]
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House Capitol riot probe seeks testimony from key GOP lawmakers, sets 8 days of public hearings in June
A supporter of U.S. President Donald Trump sprays smoke during a “Stop the Steal” protest outside of the Capitol building in Washington D.C. January 6, 2021. Stephanie Keith | Reuters The select House committee investigating the Jan. 6 Capitol riot will hold at least eight public hearings starting June 9 and will send requests this […]
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Amazon’s cloud business grows almost 37%, but slows from last quarter
Amazon’s cloud unit grew 36.5% year over year in the first quarter, a bit faster than analysts projected. But Amazon shares were down about 9% in after-hours trading, as investors focused on the e-commerce giant’s $3.8 billion overall net loss. The cloud business results point to lighter but still brisk demand for computing, storage and […]
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Bet against ‘superstar’ executives like Mark Zuckerberg and Tim Cook at your own peril, Jim Cramer warns
CNBC’s Jim Cramer on Thursday advised investors to trust big-name executives – especially those at the helm of the major companies that just reported quarterly earnings. “You bet against these superstar CEOs and CFOs at your own peril. … [they] don’t win every game, but over the long haul they win a lot more often […]
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Nasdaq futures slide as Amazon and Apple retreat after earnings
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, April 11, 2022. Andrew Kelly | Reuters Nasdaq 100 futures fell Thursday evening following an extravaganza of Big Tech earnings, with disappointments from Amazon and Apple. Futures tied to the tech-heavy index fell 2%, while Dow Jones […]
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