Markets
Broadcom CEO’s copper commitment tanks Corning shares — but sellers are mistaken
Shares of optics maker Corning are tumbling Thursday, likely in response to comments from well-respected Broadcom CEO Hock Tan on the chipmaker’s earnings call the prior evening. But the market reaction seems like a clear-cut overreaction based on Corning’s own guidance and industry outlook. A key pillar of our investment thesis in Corning is the […]
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Oaktree’s Howard Marks says there’s no systemic problem with private credit
In this article BX Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO3:3003:30 Howard Marks: No systemic problem with private credit Money Movers Veteran investor Howard Marks said he doesn’t see a widespread problem brewing in private credit, but warned that the sector’s rapid expansion over the past 15 years could expose weaker lenders when […]
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U.S. crude oil tops $79 per barrel after Iran says it attacked a tanker
U.S. crude oil prices on Thursday broke above $79 per barrel after Iran claimed to have attacked a tanker. The price of West Texas Intermediate oil was last up 6.86%, or $5.12, at $79.78 per barrel, while global benchmark Brent rose 4.31%, or $3.51, to $84.91 per barrel at 11:30 a.m. ET. Oil prices have […]
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Cloud stocks jump, head for best day in nearly a year despite broad market declines
Traders work on the floor at the New York Stock Exchange, March 3, 2026. Brendan McDermid | Reuters Cloud and software stocks were a rare bright spot amid Thursday’s market drop. The WisdomTree Cloud Computing Fund (WCLD) gained 2.7%, putting the exchange-traded fund on track for its best day since April 24, when it jumped […]
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Broadcom stock rallies as CEO Tan makes strong case for why AI growth will last
Broadcom‘s stock surged about 5% on Thursday as CEO Hock Tan touted strong demand for the company’s chips amid the artificial intelligence boom. He told analysts on Wednesday that he anticipates AI chip revenue in 2027 that’s “significantly in excess of $100 billion” as demand mounts for designing custom silicon. That far surpassed many bullish […]
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New Berkshire Hathaway CEO still talks with Warren Buffett nearly every day
watch now VIDEO6:2406:24 Berkshire CEO Greg Abel on succeeding Warren Buffett: I still check in with him nearly every day Squawk Box Berkshire Hathaway CEO Greg Abel said he still speaks with Warren Buffett nearly every day, underscoring the continued presence of the legendary investor at the sprawling conglomerate, even after handing over the top […]
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Broadcom earnings, AI’s PR problem, Musk takes the stand and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you’re concerned about automation impacting your job, I’m sorry to say this story Xiaomi’s humanoid robot “interns” probably won’t ease those worries. Stock futures are lower this morning. The three major indexes are coming off a winning day. Here […]
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Berkshire Hathaway begins repurchasing shares, CEO Greg Abel buys $15 million in stock
Berkshire Hathaway said Thursday it has resumed repurchasing its own shares for the first time since 2024 and separately new CEO Greg Abel purchased $15 million worth of stock himself, an amount equal to his after-tax annual salary. Abel told CNBC he will continue using his full salary amount to purchase Berkshire shares every year. […]
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Stocks making the biggest moves premarket: BJ’s Wholesale, Broadcom, Trade Desk, StubHub & more
Check out the companies making the biggest moves in premarket trading: BJ’s Wholesale Club — The warehouse giant shed 4.5% after its full-year guidance fell short of expectations. BJ’s Wholesale anticipates adjusted earnings between $4.40 per share and $4.60 per share, versus the $4.66 a share consensus estimate, per FactSet. Its fourth-quarter earnings and revenue, […]
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The Iran war is causing chaos in the world’s busiest international travel hub. Here’s what travelers need to know
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Over a million passengers around the world have been impacted by flight cancellations since the United States and Israel launched strikes on Iran. Dubai International Airport, the busiest international travel hub in the world, has been afflicted by Iranian strikes on the […]
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