Super Micro Computer hired a new auditor Monday after its previous one, Ernst & Young, quit in the middle of an engagement. The Silicon Valley-based company, which touts a close relationship with AI stock-rocket Nvidia, had risked being delisted from the Nasdaq after failing to file both an annual and quarterly report on time. Its…
Amazon’s (AMZN, Financials) Amazon Web Services is reportedly finalizing a $475 million agreement to provide IBM (IBM, Financials) with Nvidia (NVDA, Financials) processors over the cloud for artificial intelligence applications, Business Insider reported. The five-year agreement will provide IBM access to AWS’s EC2 servers, which have Nvidia GPUs, therefore allowing IBM to progress its AI…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: The Dow was the big winner Monday, tracking for its first close above 44,000. However, the pressure on the S & P 500 and…
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer | Getty Images Talk about an eventful week. Normally, when the Fed cuts interest…
Tesla and a handful of other so-called Trump trades led the market rally this week as investors welcomed the Republican’s victory in the presidential election. The S & P 500 has climbed more than 4% since Monday began, touching above 6,000 and on track to notch its best week in about a year. These gains…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. It was…
We’re buying 13 shares of BlackRock at roughly $987 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 30 shares of BLK, increasing its weighting to 0.85% from 0.5%. With the stock market oversold, according to the S & P Short Range Oscillator momentum tool, we want to put cash to work in names…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mike Mayo, Wells Fargo Securities managing director and senior banking analyst, joins ‘Squawk on the Street’ to discuss Mayo’s take on why financials benefit from either candidate’s election, what happens if rates go up more than expected, and much more. Source link
The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test. The S & P 500 ended Friday at a record high, buoyed by strong quarterly results from Club holding Wells Fargo and other major financial firms, which reinforced the idea of a healthy U.S. economy….
(Bloomberg) — With markets keen for details on China’s efforts to revive economic growth and end its housing slump, here are five key takeaways from today’s briefing by Chinese Minister of Finance Lan Fo’an and his colleagues. Bloomberg Terminal readers can click here for a full transcript. China will borrow more to raise money and…