[ad_1] CNBC’s Jim Cramer said Wednesday that “parsing the Fed’s move is a mug’s game.” After the Federal Reserve raised rates to their highest level in 22 years, Cramer said investors can use market volatility created by the central bank meeting to buy stocks in line with 10 themes from this quarter’s earnings season. “Why … Read more
[ad_1] U.S. Treasury yields rise as investors weigh interest rate decisions ahead U.S. Treasury yields were higher on Tuesday as the Federal Reserve’s meeting is due to kick off and investors considered the outlook for interest rate decisions from central banks in major global economies that are expected this week. At 4:27 a.m. ET, the … Read more
[ad_1] The Dow Jones Industrial Average rose Monday, headed for its longest winning streak since February 2017, to kick off a busy week of key earnings reports and a major policy decision from the Federal Reserve. The 30-stock Dow gained 187 points, or 0.54%, on track for an 11th straight day of gains. The S&P … Read more
[ad_1] Google was working on an AI-powered mobile chatbot app for Gen Z users that features interactive digital characters, CNBC has learned. However, the company recently “deprioritized” those efforts amid an internal reorganization, according to materials seen by CNBC. Typically, when a product is deprioritized at Google, work on it ceases. Called “Bubble Characters,” the … Read more
[ad_1] Investors may want to stick with what’s working in the market. ETF experts Todd Sohn and VettaFi’s Dave Nadig believe a second winning half is in store for technology and artificial intelligence plays. Sohn, Strategas’ ETF and technical strategist, particularly likes Roundhill Generative AI and Technology ETF (CHAT). “What I like about [CHAT] is … Read more
[ad_1] Traders on the floor of the NYSE, June 29, 2023. Source: NYSE The Dow Jones Industrial Average inched lower Wednesday as Wall Street resumed a holiday-shortened week and looked to Federal Reserve meeting minutes coming in the afternoon. The 30-stock average lost 57 points, or 0.2%. The S&P 500 and Nasdaq Composite each shed … Read more
[ad_1] No one could have guessed at the end of the worst year for stocks since 2008 that an innovation from an unassuming Microsoft -backed startup would sweep in to revitalize a once-booming growth sector. The excitement around ChatGPT has revived the downtrodden technology sector from the grave. Six months later, the promise of generative … Read more
[ad_1] Generative artificial intelligence is all the rage now but the A.I. boom is not just all hype, said Dan Ives from Wedbush Securities, who calls it the “fourth industrial revolution playing out.” “This is something I call a 1995 moment, parallel with the internet. I do not believe that this is a hype cycle,” the … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, May 30, 2023. Brendan McDermid | Reuters Stock futures are modestly higher Monday night as investors looked toward the next batch of economic data and readied for the end of June and the second quarter. Futures tied to … Read more
[ad_1] The S&P 500 dipped in late afternoon trading, erasing earlier gains that brought the benchmark index to trade at its highest level in nine months. The S&P lost 0.2%, while the Nasdaq Composite inched 0.1% lower. The Dow Jones Industrial Average dropped 165 points, or about 0.5%. The shift in the broad-based index came … Read more