Check out the companies making headlines in after-hours trading: Nike — The athletic retailer fell 2%. While Nike beat expectations on the top and bottom lines in the fiscal fourth quarter, the company said sales dropped 12% from the same period a year prior. CorMedix — The biopharmaceutical stock tumbled 10% after announcing a common…
You often hear the word “reset” when analysts come on television to describe what’s happening now. That’s genuine Wall Street gibberish and, as you know, I don’t like that language. I translate it on the spot. A reset really means something bad is happening that has caught us by surprise. We can no longer like…
Microsoft owns lots of Nvidia graphics processing units, but it isn’t using them to develop state-of-the-art artificial intelligence models. There are good reasons for that position, Mustafa Suleyman, the company’s CEO of AI, told CNBC’s Steve Kovach in an interview on Friday. Waiting to build models that are “three or six months behind” offers several…
With one more trading day left in March, Wall Street is poised to turn in terrible monthly and quarterly declines after another terrible week. Economic and inflation uncertainty created by President Donald Trump ‘s tariffs — both implemented and threatened — are largely to blame. Cracks in the AI trade were also a factor, with…
CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty Images It wasn’t supposed to go down like this. The Trump presidency was set to usher in a rush of money to the markets, spurred by a…
CoreWeave CEO Michael Intrator unpacked the cloud computing company’s first day on the market in a Friday interview with CNBC’s Jim Cramer, defending its decision to raise a hefty debt load. “The debt is the engine, it’s the fuel for this company,” Intrator said. “We go out, we find great contracts with great counterparties that…
CoreWeave was one of the most highly-anticipated initial public offerings of the year. In fact, it was the biggest U.S. tech IPO since 2021. The cloud services provider – which has navigated a challenging path to its IPO – is being viewed as a barometer of future Wall Street dealmaking and the investment banks that…
My top 10 things to watch Friday, March 28 1. Wall Street was headed for a lower open, with weekly gains as of Thursday’s close in jeopardy. Tariff uncertainty is sitting on the market as the Fed’s preferred inflation gauge came in hotter than expected. 2. The core personal consumption expenditures (PCE) price index rose…