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Estee Lauder gets rating and price target cuts on China struggles

by Adrian Jhonsan
Estee Lauder gets rating and price target cuts on China struggles

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Top …

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Categories World

Failure to meet surging energy demand will jeopardize economic growth, utility execs warn

by Milton Acorn
Failure to meet surging energy demand will jeopardize economic growth, utility execs warn

The sun sets behind power lines near homes during a heat wave in Los Angeles, Sept. 6, 2022. Patrick T. Fallon | Afp | Getty Images The largest utility companies …

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Categories Science

Growth, value stocks could see boost from Russell rebalancing

by Milton Acorn
Growth, value stocks could see boost from Russell rebalancing

A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a …

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Categories Science

Jim Cramer reviews 10 stocks leading the S&P 500 in the second quarter

by Adrian Jhonsan
Jim Cramer reviews 10 stocks leading the S&P 500 in the second quarter

CNBC’s Jim Cramer on Friday analyzed stocks that helped the S&P 500 reach significant gains this year, highlighting the top 10 performers of 2024’s second quarter. Many are involved with …

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Categories World

Amazon doubling value of credits for startups to build on AWS cloud

by Ev Richard
Amazon doubling value of credits for startups to build on AWS cloud

Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence …

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Categories Technology

Amazon hires execs from AI startup Adept and licenses its technology

by Ev Richard
Amazon hires execs from AI startup Adept and licenses its technology

The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Amazon is ramping up its development of artificial intelligence technology, hiring …

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Categories Technology

Tech founders are shunning IPOs after extended market lull: Techstars

by Ev Richard
Tech founders are shunning IPOs after extended market lull: Techstars

Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is known for producing tech businesses that …

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Categories Technology

OpenAI, Microsoft sued by Center for Investigative Reporting

by Ev Richard
OpenAI, Microsoft sued by Center for Investigative Reporting

The news industry just gained a powerful ally in its effort to take on OpenAI. The Center for Investigative Reporting, the country’s oldest nonprofit newsroom, sued OpenAI and lead backer …

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Categories Technology

We are starting a position in a market-leading renewable energy company

by Milton Acorn
We are starting a position in a market-leading renewable energy company

We’re initiating a position in Nextracker , buying 350 shares at roughly $48.18. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 350 shares of NXT with a weighting of …

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Categories Science

OpenAI and Time strike multiyear content deal to improve ChatGPT

by Ev Richard
OpenAI and Time strike multiyear content deal to improve ChatGPT

Budrul Chukrut | Lightrocket | Getty Images OpenAI and Time magazine on Thursday announced a “multi-year content deal” that will allow OpenAI to access current and archived articles from more than …

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Categories Technology
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