Nvidia reversal moves whole stock market higher, proving again its unprecedented influence – CNBC
There's no denying how important Nvidia is to the stock market. The chipmaker reported better-than-expected third-quarter results and issued strong guidance. However, rising investor expectations and a slight slowdown in sales growth initially caused the stock to drop about 3% in the pre-market. Stock futures also followed Nvidia and suffered some losses at the time. […]
Cable Giant Announces Plans To Spin Off MSNBC, CNBC After Ratings Crash
Days after MSNBC's ratings declined, Comcast announced plans to spin off a number of cable channels that were once considered blue-chip assets, according to the Wall Street Journal. The cable giant has spun off its news and entertainment channels, including MSNBC, CNBC, USA, E!, Oxygen, and SyFy, WSJ reported. reported. The news comes after MSNBC's […]
Stock futures tick higher as Wall Street gears up for Nvidia's quarterly results: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange (NYSE) on November 12, 2024 in New York City. Spencer Pratt | Getty Images Stock futures rose on Wednesday as investors focused on tech giant Nvidia's important earnings report. futures tied to Dow Jones Industrial Average It increased by 70 points (0.1%). S&P500 futures […]
Comcast to spin off MSNBC, CNBC other cable channels: sources
Comcast is moving ahead with plans to spin off its cable television network NBCUniversal, which includes MSNBC and CNBC, cutting into a core part of its former business that fell victim to the streaming video revolution, sources said. The company told investors last month that it was considering spinning off the cable network into a […]
Insana: Stock market exuberance after Trump’s win could be overshadowing economic worries – CNBC
A cinematic sequel to “Clash of the Titans” could hit Wall Street in 2025. The epic battle, which mirrors the battle between Zeus and Hades in Greek mythology, could pit stock and bond markets against each other as they decide which force will be unleashed. What will the U.S. economy look like in the coming […]
Bitcoin ETF options begin trading, ushering in a new way for investors to hedge their bitcoin exposure – CNBC
Jonathan Ra | Null Photo | Getty Images Options on BlackRock's popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq on Tuesday, providing a new way to trade and speculate on Bitcoin prices. IBIT traded 73,000 options contracts in the first 60 minutes of trading on Tuesday, putting the fund among the top […]
Dow futures tumble 500 points, S&P 500 futures lose 1% on Ukraine-Russia tensions: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange (NYSE) on November 12, 2024 in New York City. Spencer Pratt | Getty Images Stocks fell on Tuesday as investors fled to safety amid rising geopolitical tensions between Ukraine and Russia. of Dow Jones Industrial Average It decreased by 400 points or 0.9%. of […]
Stanley Druckenmiller piled into regional banks and made this health-care stock his biggest bet – CNBC
Important points Billionaire investor Stanley Druckenmiller has built a sizeable position in local banks and last quarter placed a health care company in its largest position. Mr. Druckenmiller bought $115 million worth of shares in the SPDR S&P Regional Banking ETF in the third quarter, making it the company's seventh-largest holding. Billionaire investor Stanley Druckenmiller […]
Morningstar names cheap stocks in a sector that ‘deserves a place in everybody’s portfolio’ – CNBC
David Sekera, a top strategist at Morningstar, says there is one sector that “deserves a place in everyone's portfolio” right now: energy. The firm's U.S. market strategists told CNBC's “Street Signs Asia” last week that the energy sector is trading at a 5% discount and that it “stands well, especially if we enter a further […]
These 2 active ETFs have outperformed the S&P 500 this year, last year and over 5 years – CNBC
The stock market is about to do something extraordinary: rise more than 20% for two consecutive years. The S&P 500 index is up 24.73% since the beginning of the year, slightly higher than last year's gain of 24.23%, according to FactSet data. According to Deutsche Bank, this is only the third time in the past […]