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Market moves after the Fed rate cut — plus, two price target hikes on big-name stocks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 flipped between positive and negative Wednesday afternoon after Federal Reserve Chairman Jerome Powell said a December interest rate cut was […]
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Databricks commits to $100 million in OpenAI spending as high-valued startups team up in AI
Databricks co-founder and CEO Ali Ghodsi. Databricks OpenAI and Databricks are two of the most highly valued tech startups on the planet. Now they’re working together. Databricks, a data analytics software vendor, said Thursday that it has committed to spending $100 million over multiple years with OpenAI. Databricks is making it easier for customers to […]
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Where Asians want to travel in Asia in 2025
Bali. Bangkok. The Maldives. These destinations often top “bucket lists” for global travelers, but travelers from Asia-Pacific are planning trips to other destinations in the region, search data from Booking.com this year showed. The data, which analyzes searches from Jan. 1 to June 30, showed travel interest in Asia-Pacific varies by country. However, one country […]
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The global crypto wave is catching on in Asia as businesses warm up to stablecoins
Businesses across Asia are increasingly warming up to stablecoins for cross-border transactions — a trend set to accelerate further as Hong Kong moves to legalize the use of digital tokens, experts told CNBC. From online travel agencies and luxury goods resellers to high-end hotels, companies are embracing stablecoin for payments, citing both speed and cost-efficiency […]
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S&P 500 futures rise after Meta and Microsoft post quarterly beats: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. Jeenah Moon | Reuters S&P 500 futures and Nasdaq 100 futures rose on Wednesday evening following solid earnings reports from tech giants Microsoft and Meta Platforms. S&P 500 futures jumped 0.7%, and Nasdaq 100 […]
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Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Palantir has hit another major milestone in its meteoric stock rise. It’s now one of […]
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These stocks reporting next week usually top analyst estimates and gain afterward
Looking at history, several stocks scheduled to soon report earnings could beat estimates and outperform the market the day after. Second-quarter earnings have impressed analysts so far, with the majority of S & P 500 companies having posted positive earnings per share and revenue surprises. Several leading stocks are on deck to post results next […]
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Jim Cramer is betting big on a financial stock that is seeking ‘global domination’
Capital One stock hit a new record high on Wednesday, and Jim Cramer believes it’s not done running yet. Shares of the credit card issuer rose as much as 6.9% Wednesday morning despite a noisy quarterly earnings report Tuesday evening. While shares came off their highs of the session, Capital One’s earnings report nevertheless validated […]
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Stablecoins go mainstream: Why banks and credit card firms are issuing their own crypto tokens
A $44 billion IPO. A Senate bill with bipartisan momentum. And now, a wave of Fortune 500 firms launching crypto tokens of their own. Stablecoins — once a niche corner of the cryptocurrency world — are entering the corporate and policy mainstream, potentially reshaping how money moves in the United States and around the world. […]
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What’s driving Wall Street stablecoin interest? Trillions, and maybe biggest global money-moving shift since credit cards
After a brief pullback this week, shares of stablecoin issuer and recent IPO darling Circle were in rally mode again, soaring double-digits on a percentage basis in trading on Thursday, after having moved up by more than 600% percent since its debut on the New York Stock Exchange earlier this month. Bitcoin and ether have […]
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