CNBC’s Jim Cramer said Monday that Apple’s latest surge, up nearly 9.95 points or about 4%, underscores why investors should own the stock rather than try to trade it and why the broader market followed its lead. Apple helped lift the Dow by 1.12% points, the S&P 500 by 1.07% and the Nasdaq by 1.37%,…
WASHINGTON (AP) — President Donald Trump said Monday that the U.S. commands “great respect” from Beijing and that he will reach a “fantastic deal” with Chinese President Xi Jinping when the two leaders meet soon. Trump’s remarks come after Beijing infuriated him by expanding export controls on rare earth products that are used in smartphones,…
The Zions Bank headquarters in Salt Lake City, Utah, US, on Monday, July 10, 2023. Kim Raff | 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 start the trading day: 1. On the banks Following the…
An hours-long crash of Amazon Web Services sparked a wave of tongue-in-cheek, apocalyptic memes Monday as social media users coped with the disruption of major sites and apps around the world. Posts on X, Reddit and more mocked the meltdown with viral images including Homer Simpson warning “The end is near,” the popular cartoon-dog meme…
BEIJING (AP) — Chinese leader Xi Jinping delivered a speech Monday on the opening day of a major meeting of the ruling Communist Party to approve a draft plan laying out its goals for the country over the next five years. A short dispatch from the official Xinhua News Agency said Xi “expounded on the…
BEIJING – Chinese leader Xi Jinping delivered a speech Monday on the opening day of a major meeting of the ruling Communist Party to approve a draft plan laying out its goals for the country over the next five years. A short dispatch from the official Xinhua News Agency said Xi “expounded on the Party…
BANGKOK — BANGKOK (AP) — Asian markets surged Monday after Wall Street finished a winning week, overcoming worries over bank lending and the trade war with China. U.S. futures edged higher while oil prices fell. Japan’s benchmark Nikkei 225 jumped 2.9%, to 48,970.40, setting a new record, after its governing Liberal Democrats found a new…
Oct. 19 (UPI) — China on Sunday accused the United States of espionage against the country’s top time center, which China said could seriously impact the orderly functioning of its society. China’s top counter-espionage agency, the Ministry of State Security, said the U.S. National Security Agency is responsible for a series of cyberattacks on the…
Photo Credit: Getty Images The future is looking bright, at least according to Amazon founder Jeff Bezos. Fortune reported on Bezos’ speech at Italian Tech Week 2025, where he shared his vision of the future — one that includes living in space and a lack of commutes. Included among Bezos’ predictions is the expectation that…
Wall Street gets more information on corporate America next week, with third-quarter earnings shifting into high gear. There’s also important inflation data coming. The earnings season is off to a strong start, with financials topping expectations thanks to the likelihood of lower interest rates and greater merger and acquisition activity. S & P 500 earnings…