Category Archives: Syndicated
Stock futures are little changed after S&P 500 closes above 5,300 for the first time: Live updates
(CNBC) Stock futures were near flat Wednesday evening after a lighter-than-expected inflation reading propelled the major averages to record highs. Futures tied to the Dow Jones Industrial Average added 32 points, or 0.08%. S&P 500 futures ticked higher by 0.06%, while Nasdaq 100 futures advanced 0.1%. […]
Berkshire Hathaway has bought 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion.
(CNBC) Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. The property and casualty insurer became Berkshire’s […]
Bitcoin has it’s best day since March following cooler April inflation reading
(CNBC) Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month. The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its best day since March 25. It […]
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
(CNBC) Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and […]
Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
(CNBC) Cisco’s revenue declined by about 13% year over year in the quarter, which ended on April 27, according to a statement. That’s the steepest slide since 2009. Net income fell 41% to $1.89 billion, or 46 cents per share, […]
Netflix ad-supported tier has 40 million monthly users, nearly double previous count
(CNBC) Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. The company also said it would launch its own advertising platform […]
Dell surges 11% on optimism it has secured big AI server orders
(CNBC) Dell shares rose more than 11% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted that the company would rake in sales from the insatiable demand for artificial intelligence servers. Dell is seeing accelerating momentum, especially […]
Stock futures are little changed as Wall Street readies for key inflation report: Live updates
(CNBC) Stock futures were little changed as Wall Street braced for April’s consumer price index. Futures tied to the Dow Jones Industrial Average added 17 points, while S&P 500 futures and Nasdaq 100 futures hovered near the flatline. Boot Barn dropped more than 6% on disappointing guidance […]
OpenAI co-founder Ilya Sutskever says he will leave the startup
(CNBC) OpenAI co-founder Ilya Sutskever said Tuesday that he’s leaving the Microsoft-backed startup. “I am excited for what comes next — a project that is very personally meaningful to me about which I will share details in due time.” The departure […]
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
(CNBC) Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted […]
Why bitcoin hasn’t joined the latest meme stock craze this week
(CNBC) Bitcoin isn’t running alongside meme stocks as it did three years ago, although this week’s stock market action might indicate a big crypto rally is on its way. GameStop and fellow meme stock AMC Entertainment are each up more than […]
AMC’s meme stock windfall may help it pay down a massive debt load
(CNBC) Can AMC Entertainment capitalize on a second meme craze? The stock, alongside GameStop, surged this week after “Roaring Kitty,” the man who inspired the massive short squeeze of 2021, posted online for the first time in nearly three years. The return of Roaring […]
