“Facebook’s parent company, Meta, held an event in San Francisco this week celebrating the 10-year anniversary of its Fundamental AI Research team. Meta’s chief scientist, Yann LeCun, revealed that society is more likely to witness “cat-level” or “dog-level” AI in the coming years than human-level AI. Unlike tech giants such as Google and Microsoft, Meta …
Apple’s impressive stock price over the last couple of decades has been propelled by its groundbreaking consumer tech, beginning with the iPod and iMac, then progressing to the iPhone and iPad, and more recently to the Apple Watch and AirPods. But beyond the iconic gadgets, Apple is harnessing its technological expertise to design custom chips …
(Bloomberg) — Treasury bond yields surged following data showing a continued rise in consumer year-ahead inflation expectations, prompting some traders to take profits on dovish Federal Reserve wagers. Most Read from Bloomberg Despite thin trading ahead of the Thanksgiving holiday, two-year US yields reached over 4.9%. The S&P 500 saw a slight increase. Amazon.com Inc. …
On Tuesday, CNBC’s Jim Cramer responded to Bank of America’s optimistic forecast for 2024, concurring that it’s plausible for the S&P 500 to reach 5000 by the end of next year. Bank of America’s strategist, Savita Subramanian, stated on the same day that she foresees 2024 as a “stock picker’s paradise.” She expressed bullishness not …
4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. restrictions. Nvidia is set to deliver in coming days three new chips to domestic manufacturers, Chinese financial media Cailian Press said Thursday, citing sources. Nvidia, the U.S. Department of Commerce and the Bureau …
CNBC’s Jim Cramer believes in the potential of the “Magnificent Seven” tech stocks and thinks investors who sold after recent dips may regret their decision. Cramer emphasizes that you shouldn’t panic and follow the herd just because everyone else is selling, especially when it comes to high-quality stocks. CNBC’s Jim Cramer stands by his “Magnificent …
A trader works on the floor of the New York Stock Exchange. NYSE Stocks rally as Federal Reserve keeps interest rates unchanged, providing optimism for the rest of the year After a challenging few months, the stock market made a comeback on Wednesday following the Federal Reserve’s decision to maintain its current interest rate. Investors …
Here’s our Club Mailbag email [email protected] — so you can send your questions directly to Jim Cramer and his team of analysts. Please note that we do not provide personal investing advice. We focus on answering more general questions about the investment process, stocks in the portfolio, or related industries. This week’s question: What’s a …
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. While that was the second straight quarter of profit declines, …