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Here's the moment Nvidia became the AI king and what it must do this week to keep the throne

2024-05-19 22:54:33

The zeitgeist of Nvidia's trajectory is so fought that even Jim Cramer dreads the moment not long after Wednesday's 4 p.m. ET closing bell rings.

Biden confronts 2024 weak spots with young, Black voters at Morehouse commencement

2024-05-19 20:05:24

President Joe Biden's Black voter support has fallen since the 2020 election, while former President Donald Trump's has increased, according to recent polls.

How to own Big Tech and stay diversified, plus learning more about stock buybacks

2024-05-19 16:00:01

Yes, it's possible to have a diversified portfolio with three mega-cap stocks in your top five.

Amazon CEO: An 'embarrassing' amount of your success depends on this one skill

2024-05-19 16:00:01

Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his “best career advice” in an interview with LinkedIn CEO Ryan Roslansky.

From $35,000 to $446,000: What it cost to renovate a $1 home in Italy

2024-05-19 15:10:01

Buying a home in the Italian countryside for cheap comes with a catch — in one case, to the tune of of nearly half a million dollars.

Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income

2024-05-19 15:00:01

Fears about Social Security's future shouldn't be the primary reason for claiming retirement benefits at 62, experts say.

How to buy a great bottle of wine—and which ones to 'stay completely away from,' according to a sommelier

2024-05-19 15:00:01

To find a great bottle of wine, your best bet is to enlist help at your local shop. It doesn't hurt to know what to look for on the label, either.

Microsoft set to unveil its vision for AI PCs at Build developer conference

2024-05-19 14:00:01

Microsoft Build 2024 starts Tuesday, and the company is expected to talk about how Windows will power new "AI PCs."

Etsy is trying to recreate pandemic-era sales. Here's where it's having trouble

2024-05-19 14:00:01

Bill Gates: 'You need to read' this new book about AI and education

2024-05-19 13:00:01

Bill Gates' latest book recommendation focuses on the future of artificial intelligence and AI. Here's why the Microsoft co-founder wants you to read it.

Top Wall Street analysts like these 3 dividend stocks for high yields

2024-05-19 12:52:56

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Realty Income and Ares Capital.

Soaring debt and deficits causing worry about threats to the economy and markets

2024-05-19 12:50:25

Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.

Here are the portfolio's top 5 performers in a record-setting week for stocks

2024-05-18 20:00:01

The Dow closed above the 40,000 level for the first time, while the S&P 500 and Nasdaq Composite both hit records earlier in the week.

No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month

2024-05-18 17:00:01

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether ETFs.

This 30-year-old won the NYC housing lottery and pays $1,000/month for a luxury 1-bedroom apartment—take a look inside

2024-05-18 16:05:01

Rent for units in Nkenge's luxury building in Manhattan's Flatiron neighborhood typically start at $5,903, according to StreetEasy.

Are your seasonal allergies worse this year? Here's why—plus tips for symptom relief

2024-05-18 16:00:01

Some people's seasonal allergies are worse this year. Here's why, plus effective ways to alleviate your allergy symptoms and still enjoy the spring.

Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each

2024-05-18 16:00:01

There will be less economic data in the week ahead, but we will get earnings from three portfolio names, including one of our two "own, don't trade" stocks.

Activist Corvex could take an amicable approach to help create value at Vestis. How it may unfold

2024-05-18 15:26:18

Corvex reveals a stake in uniform supplier Vestis. The firm is suggesting that it’s here for the long term.

Some consumers are punting big purchases like pools and mattresses

2024-05-18 15:22:35

There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.

I toured Warren Buffett's hometown: Despite huge wealth, 'it's all very understated,' says 'Buffettology' author

2024-05-18 15:00:01

I took a tour of Omaha, Nebraska, with "Buffettology" author David Clark to learn more about Warren Buffett's lifestyle and hometown.

Hall of Famer Dwyane Wade wants to 'maximize each day' of his post-NBA career

2024-05-18 15:00:01

The 42-year-old's projects include sports team ownership, TV commentary and writing books.

Trump-era tax cuts set to expire after 2025 — here's what you need to know

2024-05-18 15:00:01

Several tax cuts enacted by former President Donald Trump are set to expire after 2025 without changes from Congress. Here's how it could affect your wallet.

Media giants lean on sports as Hollywood strikes still loom over content slates

2024-05-18 14:00:01

Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.

How Toyota's Tacoma became king of the U.S. midsize truck market

2024-05-18 14:00:01

The midsize Toyota Tacoma truck outsells rivals, including American brands. But the market is increasingly crowded with trucks from Ford, GM, and EV brands.

How Spirit AeroSystems fits into Boeing's rebound plan

2024-05-18 14:00:01

Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.

What life is like in the world’s happiest country, from a 28-year-old who left the U.S. for Finland

2024-05-18 13:15:01

Entrepreneur, content creator and U.S. expat Jade Ventoniemi shares why she loves living in Finland, the world's happiest country.

Steve Wozniak: When I die, these are the moments I want to remember—they don't involve co-founding Apple

2024-05-18 13:00:01

Your accomplishments won't make you happy in the end, Apple co-founder Steve Wozniak said in a recent commencement speech. Here's what he says matters more.

Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's

2024-05-18 00:39:31

CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.

New York crypto personality used 'Seinfeld' joke in fraud, feds reveal

2024-05-17 23:28:43

A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.

Women are worried about their financial security. That may affect the 2024 presidential election

2024-05-17 22:10:47

Women say they are worried about their finances, from a higher cost of living to reduced retirement income, and that could affect the November election.

Mercedes-Benz workers in Alabama vote against UAW union membership

2024-05-17 21:54:44

The results are a blow to the UAW's organizing efforts a month after the Detroit union won an organizing drive of Volkswagen plant workers in Tennessee.

Women are worried about their financial security. That may impact the 2024 presidential election

2024-05-17 21:32:15

From higher costs of living to reduced retirement income, women say they are worried about their finances heading to the November presidential election.

More and more stocks are joining the market's rally to new highs. Here's why and when to buy

2024-05-17 21:16:58

Wall Street's 19-session journey back to all-time highs has been swift but healthy.

The best and the worst sectors in the stock market in this recording-setting week

2024-05-17 20:45:56

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Some vacationers expect to carry summer travel debt, report finds. Here's how to avoid that

2024-05-17 20:42:36

Americans are looking forward to traveling this summer, but some won't pay off their credit cards. Here's how to lower costs and avoid summertime debt.

Former Trump lawyer John Eastman pleads not guilty in Arizona election case

2024-05-17 19:45:38

John Eastman, Donald Trump, and Trump allies such as Rudy Giuliani, also are charged in Georgia with crimes related to the 2020 election loss to Joe Biden.

OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

2024-05-17 19:32:11

OpenAI has dissolved its team focused on long-term AI risks, less than one year after announcing it, amid both team leaders' high-profile departures.

BlackRock funds are ‘crushing shareholder rights,' says activist Boaz Weinstein

2024-05-17 19:28:20

Boaz Weinstein is fighting for control or reform at 10 BlackRock closed-end funds, which trade at a steep discount to their net asset value.

The class of 2024 is facing a tough job market. Here’s who’s hiring, according to LinkedIn

2024-05-17 19:24:22

Despite the competition, industries experiencing staffing shortages like education and construction are still hiring new college grads, Linked reports.

Activist Boaz Weinstein says BlackRock funds are 'crushing shareholder rights'

2024-05-17 18:39:32

Boaz Weinstein is fighting for control or reform at 10 BlackRock closed-end funds, which trade at a steep discount to their net asset value.

Campus protests have called for schools to divest from Israel. Here's how that would actually work

2024-05-17 18:19:06

Protesters on campuses nationwide have called on universities to divest from Israel due to the war in Gaza. Here's how divestment would actually work.

Boeing shareholders re-elect departing CEO Calhoun to board

2024-05-17 18:10:13

New board chair Steve Mollenkopf said he has sought feedback on Calhoun's successor from investors and Boeing customers.

May 17 is your last chance to claim your 2020 tax refund — the median payment is $932, IRS says

2024-05-17 18:06:00

May 17 is the deadline to claim your 2020 tax refund by filing your federal return. The median payment is $932, according to the IRS.

Frontier Airlines does away with change fees in budget airline pricing overhaul

2024-05-17 18:00:01

The changes come amid the Biden administration's crackdown on so-called "junk fees."

Supreme Court Justice Alito urged to step off Trump election case over U.S. flag controversy

2024-05-17 17:57:22

Supreme Court Justice Samuel Alito and the other justices are considering whether Donald Trump is immune from prosecution over the 2020 election aftermath

DuPont stock hits new high after an analyst's upgrade — why we're not buyers here

2024-05-17 17:42:31

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis

2024-05-17 17:41:56

Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company announced Friday.

1 in 10 young college graduates is 'idled'—it could affect their earnings long-term

2024-05-17 17:13:06

While the job market for recent college grads recovered quickly from the brief Covid-19 recession, the downturn could still spell trouble down the line.

Here's what has driven the Dow rally to 40,000, and why it could keep going

2024-05-17 16:49:30

The Dow Industrials passing the 40,000 barrier makes for a nice headline, but market experts don't take much else from the move.

'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars

2024-05-17 16:27:55

Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.

May 17 is the last chance to claim your 2020 tax refund — the median payment is $932, IRS says

2024-05-17 16:26:39

May 17 is the deadline to claim your 2020 tax refund by filing your federal return. The median possible payment could be $932, according to the IRS.

Toronto homes are unaffordable, so I bought a houseboat for $250K—it's 'the best decision I ever made'

2024-05-17 16:00:11

Real estate in Toronto was unaffordable for Kate Fincham till she found a houseboat: Now "I spend my summers going for sunrise kayaks and picnics at the beach."

World's top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event

2024-05-17 15:09:46

Golf champ Scottie Scheffler was taken into custody and charged with felony assault on a police officer and reckless driving outside of a PGA championship event.

World's top golfer Scottie Scheffler arrested for assaulting officer at PGA championship event

2024-05-17 14:43:47

Golf champ Scottie Scheffler was taken into custody and charged with felony assault on a police officer and reckless driving outside of a PGA championship event.

As Tesla layoffs continue, here are 600 jobs the company cut in California

2024-05-17 14:30:01

Tesla has eliminated another 600 jobs across its operations in Fremont and Palo Alto, California.

Latest shipping data reveals that mid-range retail is the new consumer price sweet spot

2024-05-17 14:16:00

Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.

GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped

2024-05-17 14:08:21

GameStop said it plans to sell securities and reported preliminary results that showed a sales decline in the first quarter.

AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone

2024-05-17 13:47:09

CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.

GameStop shares fall after it files to sell securities, says first quarter sales declined

2024-05-17 13:39:44

Microsoft's Mistral partnership avoids merger probe by British regulators

2024-05-17 13:17:58

China pledges $42 billion in a slew of measures to support the struggling property sector

2024-05-17 12:53:06

Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.

Shares of Cartier owner Richemont climb on record full-year sales, new CEO

2024-05-17 11:16:21

Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia Pacific spending waned.

Chinese EV maker Xpeng aims to deliver its first flying car in 2026

2024-05-17 11:11:59

Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.

Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO

2024-05-17 10:02:24

Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia Pacific spending waned.

China is a 'critical' global supplier, full decoupling may be impossible, survey shows

2024-05-17 07:28:13

Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade. 

Steve Jobs' former intern reflects on working for the tech mogul: 'I worked 20 yards away from him every day'

2024-05-17 07:10:26

Steve Jobs' former intern is now a tech CEO who sold his company to Google. He attributes much of his success to his time working at NeXT.

HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake

2024-05-17 06:59:24

Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated.

China consumption slows as retail sales and investment data disappoint

2024-05-17 05:18:35

China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

China retail sales, investment data miss expectations in April

2024-05-17 04:06:52

China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

2024-05-17 01:57:01

Walmart may just be a pit stop for high-income consumers.

No walk-ins allowed: What to know when touring the world’s best wine regions

2024-05-17 01:14:54

Appointments are often needed in Europe, but in "New World" regions winemakers employ an open-door approach, allowing visitors to drop in at leisure.

Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term

2024-05-17 01:13:28

India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.

Cramer picks two 'winning' footwear stocks in a ‘nightmare’ athletic apparel market

2024-05-17 00:45:08

CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.

Cramer says these 10 stocks helped the Dow briefly crack 40,000

2024-05-17 00:36:12

CNBC's Jim Cramer listed ten stocks that helped the Dow Jones Industrial Average briefly top 40,000 on Thursday, a new high for the index.

The NBA is picking its TV partners — and a deal hinges on Warner Bros. Discovery's next move

2024-05-17 00:17:24

Warner Bros. Discovery's latest talks with the NBA could turn into a legal battle if the league decides to sign an agreement with NBCUniversal, sources said.

Reddit soars after announcing OpenAI deal that allows use of its data for training AI models

2024-05-16 23:18:37

OpenAI and Reddit announced a partnership that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.

Canada Goose jumps 16% after the company reports growth surge in China

2024-05-16 22:34:21

Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.

FDA approves Amgen's treatment for most deadly form of lung cancer 

2024-05-16 22:19:38

The FDA cleared the Amgen drug, called Imdelltra, as a treatment for patients with advanced small-cell lung cancer.

Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud

2024-05-16 21:54:31

Barbara Furlow-Smiles, a Georgia resident who was a diversity manager for Facebook and Nike, was ordered to pay restitution for her theft scheme.

The NBA is picking its next TV partners — and a deal hinges on Warner Bros. Discovery's next move

2024-05-16 21:37:11

Warner Bros. Discovery's latest talks with the NBA could turn into a legal battle if the league decides to sign an agreement with NBCUniversal, sources said.

The Dow's road to 40,000 in one chart

2024-05-16 21:34:28

The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.

Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates

2024-05-16 21:33:08

Spirit makes fuselages at the plant for Boeing's best-selling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.

United Airlines says FAA cleared it to start adding new aircraft, routes after safety review

2024-05-16 21:26:52

United Airlines said in March that the FAA was stepping up its review of the airline after a series of safety incidents.

After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation

2024-05-16 21:19:20

Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.

Here are some options to reduce taxes on your savings interest this year

2024-05-16 20:54:04

Here's how to reduce income taxes on your savings interest amid rate uncertainty from the Federal Reserve.

Eli Lilly falls on a rival's obesity study — plus, we're removing 3 stocks from our watchlist

2024-05-16 20:43:36

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Trump lawyer yells at Michael Cohen in cross-examination over call about Stormy Daniels

2024-05-16 20:22:43

Donald Trump is charged in the case with falsifying business records related to a hush money payment Michael Cohen made to porn star Stormy Daniels.

Wife of Sen. Robert Menendez has breast cancer, he reveals during corruption trial

2024-05-16 20:06:35

Sen. Robert Menendez shared the health information about his wife after his attorney cast blame on her in his corruption trial in Manhattan federal court.

Here are the perks Trump's top donors would receive during the Republican National Convention

2024-05-16 19:55:59

Donald Trump's top donors are set to be rewarded with perks if they raise or give a certain amount of money in support of the former president.

The salary you need to be considered middle class in every U.S. state—it's close to $200,000 in 2 of them

2024-05-16 19:49:27

In several states, a six-figure income qualifies as 'middle class,' per GoBankingRate's analysis. Here are the middle-class income ranges for every state.

Walmart says more diners are buying its groceries as fast food gets pricey

2024-05-16 19:25:51

The company's CFO said customers across incomes are looking for cheaper meals.

Supreme Court Justice Clarence Thomas pressed on questions over friend's $267,000 RV loan

2024-05-16 18:49:19

Supreme Court Justice Clarence Thomas has not made clear if he repaid a friend's loan to buy an RV, raising questions about potential tax violations.

17-year-old got into 2 Ivy League schools—her financial aid package helped her decide where to go

2024-05-16 18:43:23

Angelyn Ansah was surprised to earn admission into two Ivy League universities. One school's timely financial aid offer helped solidify her college decision.

Why Jim Cramer says Costco is the 'stock to buy off of' Walmart's big quarterly beat

2024-05-16 18:11:03

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Oil prices rise as crude inventories fall and U.S. inflation eases

2024-05-16 18:07:25

West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.

Here's the deflation breakdown for April 2024 — in one chart

2024-05-16 17:53:32

Deflation is the opposite of inflation: It's when prices decline. That has largely occurred for goods such as furniture, appliances and cars in the past year.

Biden slams Trump as he touts record-high Dow crossing 40,000

2024-05-16 17:25:54

President Joe Biden and Donald Trump are in the midst of a messaging fight over who has handled the economy better. The Dow hitting 40,000 could help Biden.

Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains

2024-05-16 17:13:40

Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.

Investing in Space: Boeing inches closer to Starliner launch

2024-05-16 17:12:46

Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts. It's a debut that is imminent, yet feels bizarrely inconsequential.

The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius

2024-05-16 17:02:29

Tens of thousands of investors attended the Berkshire Hathaway shareholders meeting in Omaha, Nebraska this year. I went to see what they were all doing there.

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