The Magnificent Seven companies reporting in the week ahead could unlock the next leg of the rally, as investors bet that earnings growth fueled by artificial intelligence could power a market some worry has gone to excess. The Federal Reserve will also hold its January meeting, with key inflation data coming Friday. Four out of…
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025. Dado Ruvic | Reuters President Donald Trump wants a U.S. investor to take a major stake in ByteDance’s TikTok. Several parties are in contention even as potential buyers face a litany of legal hurdles…
U.S. President Donald Trump on screen during his address by video conference at the World Economic Forum annual meeting in Davos on Jan. 23, 2025. Fabrice Coffrini | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they…
President Donald Trump’s Stargate foray could present a major boon for these technology companies, according to Wall Street. The $500-billion joint venture between OpenAI, Oracle and SoftBank announced earlier this week aims to beef up artificial intelligence infrastructure in the U.S. Shares of Oracle and Microsoft have rallied nearly 15% and 3%, respectively, since the…
BlackRock CEO Larry Fink said President Donald Trump‘s efforts to unleash capital in the private sector could have unintended consequences that would hurt the stock market. “I’m cautiously optimistic. That being said, I have scenarios where it could be pretty bad,” Fink said Thursday on CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland. “I believe…
Here are five key things investors need to know to start the trading day: 1. Three-peat 2. Wet blanket Elon Musk arrives for the inauguration of U.S. President-elect Donald Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th President of…
Check out the companies making headlines in midday trading. Netflix — The streaming giant soared nearly 12% to an all-time high on the heels of better-than-expected results in the fourth quarter. Netflix reported earnings per share of $4.27 on revenue of $10.25 billion. Analysts polled by LSEG forecast $4.20 per share and $10.11 billion in…
Don’t look now, but record highs are back within Wall Street’s reach. The S & P 500 ended Tuesday’s session less than 1% below an all-time high reached in December. The Dow Jones Industrial Average and Nasdaq Composite are about 2% below their respective records. This comes as animal spirits gain new life on the…
The surprise Stargate project announcement at the White House on Monday creates new opportunities for artificial intelligence-related stocks — and some other companies too, according to Wall Street analysts. The joint venture among Softbank , Oracle and OpenAI pledged to invest up to $500 billion in the U.S. ‘s AI infrastructure, with $100 billion of…
My top 10 things to watch Wednesday, Jan. 22 1. Wall Street was tracking for a higher open on strong earnings after the S & P 500 and the Dow both rose Tuesday for the fifth straight session. The Nasdaq logged back-to-back gains. We looked how President Donald Trump ‘s new initiatives will impact our…