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 update: Stocks moved off their session highs and struggled to hold onto their gains. The S & P 500 is on pace for a small…
My top 10 things to watch Thursday, Jan. 30 1. Meta was outstanding both on top and bottom line. I didn’t think a quarter like that would be possible. Meta.ai has already become the largest assistant, and it is learning from all of the interactions people have. It will have won the personal agent role…
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI’s and cost a fraction of the price to build. The assertions — specifically that DeepSeek’s large language model cost just $5.6 million to train — have sparked concerns over the eyewatering sums that tech giants are currently spending…
Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna…
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Meta CEO Mark Zuckerberg praised the Trump administration…
Traders work at the New York Stock Exchange on Jan. 29, 2025. NYSE U.S. stock futures hovered the flatline Wednesday night as Wall Street digested recent quarterly results from a slew of megacap tech companies. Investors are also coming off a losing session after the Federal Reserve held steady on rates. S&P 500 futures were…
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. Markets: Stocks were mixed for most of Wednesday but selling pressure in the S & P 500 and Nasdaq picked up at 1 p.m. ET. That’s…
All eyes are on earnings from major tech heavyweights expected Wednesday, particularly as this week’s DeepSeek-fueled tech sell-off has led to further scrutiny on the high valuations and artificial intelligence ambitions of U.S. technology stocks. With Meta Platforms , Tesla and Microsoft each set to report quarterly results after the market close, CNBC Pro combed…
When a small Chinese company called DeepSeek revealed that it had created an A.I. system that could match leading A.I. products made in the United States, the news was greeted in many circles as a warning that China was closing the gap in the global race to build artificial intelligence. DeepSeek also said it built…
Jaque Silva | Nurphoto | Getty Images Google‘s maps division on Monday reclassified the U.S. as a “sensitive country,” a designation it reserves for states with strict governments and border disputes, CNBC has learned. The new classification for the U.S. came after President Donald Trump said his administration would make name changes on official maps…