Markets
Mark Zuckerberg comes to his senses on metaverse spending, and we’re thrilled
Is the “year of efficiency” Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday’s highs after Bloomberg reported that Zuckerberg is set to reduce metaverse spending up to 30%. The metaverse group, which works on the company’s virtual “Horizon World” environment and […]
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Jim Cramer warns that OpenAI is the year 2000 in a nutshell
CNBC’s Jim Cramer said Thursday that OpenAI reminds him of the kind of speculation and leveraged, aggressive bets that caused the 1990s dot-com bubble to burst. “OpenAI is 2000 in a nutshell,” Cramer said on “Squawk on the Street,” comparing the current everything-AI-mentality to the everything-internet that got the market in trouble roughly 25 years […]
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Weak jobs data, Salesforce earnings, GM’s ‘Silicon Valley cowboy’ and more in Morning Squawk
A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to […]
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Stocks making the biggest moves premarket: Snowflake, Salesforce, Hormel Foods, Five Below and more
Check out the companies making the biggest moves in premarket trading: Salesforce — The software company raised its fourth-quarter revenue guidance, sending shares nearly 2% higher. Salesforce now expects revenue between $41.45 billion and $41.55 billion. Its third-quarter results were mixed. Snowflake — The cloud-based data storage company tumbled 8.6% after its outlook for product […]
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European markets open higher; Ukraine peace talks in focus
LONDON — European stocks opened in positive territory on Thursday. The pan-European Stoxx 600 was almost 0.3% higher at the opening bell, with all major bourses in the green but sectors mixed. Apparel companies book-ended the benchmark on Wednesday. Zara’s parent company Inditex led the benchmark after it reported strong nine-month results, closing the session 10% higher, […]
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Bank of Japan faces a policy dilemma as government bond yields keep hitting new highs
A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Richard A. Brooks | Afp | Getty Images Japan’s central bank is caught in a bind as soaring government bond yields risk upending its policy normalization process. The Bank of Japan faces a stark choice: sticking with its […]
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CNBC Daily Open: Once again, bad data is good news for markets
After shaking off some of the weakness at the start of the month, markets seemed to be ready to board Santa’s sleigh, and rode into a second straight day of gains this week. Wednesday’s rally was on the back of surprisingly weak private jobs data, with payrolls processing firm ADP’s November report showing 32,000 job […]
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Asia markets set to open mixed after Wall Street gains on cooler-than-expected jobs data and rate-cut hopes
Aerial sunrise view of Osaka city in Japan Frank Lee | Moment | Getty Images Asia-Pacific markets were set to open mixed Thursday, after Wall Street gained on the latest jobs data from ADP, which strengthened investors’ conviction that the Federal Reserve will cut interest rates next week. Payroll processor ADP reported that private companies […]
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Stocks making the biggest moves after hours: Salesforce, Five Below, C3. ai and more
Check out the companies making headlines in after-hours trading. Salesforce — Shares of the software company rose more than 5% in extended trading after Salesforce posted mixed third-quarter results , but guided its fourth-quarter revenue higher. Salesforce earned $3.25 per share, excluding items, in the latest quarter, topping the LSEG estimate of $2.86 per share. Revenue […]
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Stocks making the biggest moves midday: Microsoft, Netflix, Marvell Technology, GitLab & more
Check out the companies making the biggest moves midday: Genius Sports — The sports analytics company jumped 8% after setting lofty 2028 targets at its investor day. Genius sees ” group revenue ” totaling $1.2 billion by then, along with free cash flow of $220 million. Netflix — Shares declined 5% as investors waited to […]
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