Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty Images The bombshell, 200-page Delaware court ruling Tuesday ordering Tesla to undo […]
CNBC News
China’s manufacturing activity shrank for the fourth straight month in January
Banknotes of Renminbi arranged for photography on July 03 2018 in Hong Kong, Hong Kong. S3studio | Getty Images News | Getty Images China’s factory activity contracted for a fourth consecutive month in January, underscoring the much-needed litany of policy support for the world’s second-largest economy which Beijing announced last […]
We’re raising our Alphabet price target after earnings that shouldn’t have dinged the stock
Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. While there was some weakness in the key advertising parts of Google’s business, there was also a lot to like, despite the stock decline. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according […]
Microsoft gets a price target hike after posting a great quarter driven by AI
Microsoft reported strong fiscal second-quarter results Tuesday, boosted by the strength of AI. It also announced two new positive developments: solid revenue guidance for the third quarter and talk of a slight margin expansion for the year. Revenue increased about 17% year over year, to $62.1 billion, beating the Street […]
Here’s why Starbucks shares can rally after a quarterly earnings miss
Starbucks on Tuesday reported first-quarter earnings and sales that, technically, missed Wall Street estimates — but it was hardly a surprise to investors, including us. Revenue for the three months ended Dec. 31 totaled $9.43 billion, below the $9.59 billion expected by analysts, according to LSEG. On a year-over-year basis, […]
Trump allies ramp up attacks on Taylor Swift ahead of Super Bowl
Taylor Swift performs during The Eras Tour at SoFi Stadium in Inglewood Monday, Aug. 7, 2023. (Allen J. Schaben / Los Angeles Times via Getty Images) Allen J. Schaben | Los Angeles Times | Getty Images Taylor Swift endorsed President Joe Biden‘s winning 2020 campaign — and while she hasn’t […]
Nucor CEO explains what led the steelmaking company to its third-most profitable year
Nucor CEO Leon Topalian debriefed the steelmaking company’s Tuesday earnings report with CNBC’s Jim Cramer, explaining why the company has been especially profitable over the past few years. Nucor is the largest steelmaker in North America, and Topalian said it makes one out of every four tons of steel produced […]
Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Results were good, but not good enough. That’s Wall Street’s reaction to quarterly results on […]
Samsung Electronics’ operating profit falls 34.57% in the fourth quarter, in line with guidance
Samsung logo displayed on a phone screen with a binary code reflected on it, a laptop keyboard, a memory card, an adaper and cables are seen in this illustration photo taken in Krakow, Poland on January 30, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | […]
Cramer says there’s ‘too much noise’ in the market after Big Tech shares stumble
CNBC’s Jim Cramer examined Tuesday’s “wild” market action, saying it may be best to wait before making any big decisions. “There’s just too much noise here, let’s just wait and see,” he said. “Let’s sit on our hands and process all the information coming at us before we take any […]