Stocks making the biggest moves after hours: CRWD, HPE, VRNT – CNBC
A look at companies making waves in after-hours trading: CrowdStrike — Shares rose 7% after the cybersecurity company reported better-than-expected quarterly earnings and guidance. CrowdStrike reported first-quarter adjusted earnings of 93 cents per share on revenue of $921 million, beating analysts surveyed by LSEG’s expectations of 89 cents per share on revenue of $905 million. […]
Ben White, CNBC contributor, dead after brief illness, partner says
Ben White, chief economics reporter at the news site Politico and a regular CNBC contributor, has died, his partner announced on social media. White died on Saturday after a brief illness, his partner said. “It is with broken hearts that I announce that Ben passed away on Saturday, June 1st after a short illness,” Sarah […]
Snap up gold ETF ahead of potential interest rate cuts as deficits persist, market pro says – CNBC
According to Larry Tentarelli, chief technical strategist and founder of Blue Chip Daily Trend Report, gold is a smart investment idea as government budget deficits grow, and interest rate cuts are likely to be an additional tailwind. Gold has risen as a safe haven, in part due to the widening of the U.S. government’s budget […]
India stocks tumble 5% to lead Asia markets lower on tighter-than-expected election race; Adani stocks tank 20% – CNBC
3 hours ago Adani Group shares fall nearly 20% Adani Group shares fell nearly 20% after results from India’s general election showed a closer race than expected between the BJP-led NDA and the Indian National Congress-led INDIA alliance. Adani Ports plunged more than 18 percent and Adani Enterprises plunged 19 percent. Both stocks rose more […]
Jim Cramer explains why Dell is a buy on the dip – CNBC
After Dell’s stock took a hit last week and continued to fall in trading on Monday, CNBC’s Jim Cramer told investors why he thinks the stock is a good buy at current price levels. “The main problem is that Dell has failed to live up to the unreasonably high expectations that have fueled the stock’s […]
Stock futures are flat after sluggish first trading day of June: Live updates – CNBC
12 minutes ago Goldman Sachs’ Kaplan says no interest rate cuts until at least September Robert Kaplan, vice chairman of Goldman Sachs and former president of the Dallas Fed, told CNBC on Monday that he doesn’t expect a rate cut this summer unless something “shocking” happens. “I think September is the first month that a […]
NYSE technical issue impacting some stock prices, incorrectly showing Berkshire Hathaway down 99% – CNBC
Technical issues at the New York Stock Exchange on Monday appeared to cause Warren Buffett’s Berkshire Hathaway Inc.’s Class A shares to fall nearly 100%. Trading was halted for these stocks, as well as shares in Barrick Gold and NuScale Power, which also saw sharp declines. In an update at 10:11 a.m. ET, the New […]
Stock futures are little changed ahead of first trading day of June: Live updates – CNBC
1 hour ago Nvidia unveils latest AI chip model Nvidia unveiled its new AI chips on Sunday, ahead of the latest models starting shipping to customers. The new chip model is called “Rubin.” Nvidia announced its “Blackwell” chip in March. Huang said Sunday that Nvidia plans to release new AI chip models on a “one-year […]
The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing – CNBC
VanEck CEO Jan VanEck sees a major shift in sentiment in the cryptocurrency market related to the U.S. Securities and Exchange Commission approving rule changes to allow Ethereum exchange-traded funds. “This is one of the most amazing things I’ve seen in my career in securities regulation,” Van Eck told CNBC’s “ETF Edge” this week. VanEck […]
S&P 500 enters June near a record but with growing concerns about the market's narrow leadership – CNBC
The stock market is not a democracy. But observers are still keen to warn in solemn terms that a lack of broad participation by a majority of constituents could create a leadership crisis. Indeed, investors are once again concerned by the relative narrowness of the index’s recent rally. The S&P 500 is just 1.2% from […]