Dan Ives: Anthropic’s growth is 'just the tip of the sphere' for AI rally
Ives’ comments come as part of a wider prediction for the Nasdaq to top 30,000 points by 2027, reiterating his call from earlier interviews with CNBC. Source link
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Nikkei 225, Hang Seng Index, Kospi, Nifty 50, CSI 300
A screen displays share prices inside the Kabuto One building in Tokyo, Japan, on Monday, April 13, 2026. Oil surged and stocks fell after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of weekend peace talks. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty…
Red-hot Arm soars to another all-time high. What’s fueling the move this time?
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. The S & P 500 and Nasdaq powered higher on Thursday, with both indexes touching all-time highs during the session. Helping fuel the gains, Axios reported…
The key metric investors are focused on when Costco reports earnings
Costco continues to post strong sales gains, but one metric has been losing momentum and drawing closer scrutiny from investors. Heading into Thursday evening’s fiscal third-quarter results, shareholders, including the Club, hope to see signs of improvement in the pace of new member additions and renewals, following declines since late 2025. The big box retailer’s…
Snowflake stock surges 35% on AI frenzy, fueling software rally
Software stocks popped on Thursday after Snowflake said it plans to spend $6 billion on compute from Amazon and topped earnings estimates on artificial intelligence momentum. Shares of the software maker surged 35% and headed for its best day ever. The company is expanding its use of Amazon’s in-house chips for AI. Along with the…
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed. The personal consumption expenditures price index increased a seasonally adjusted 0.4% for the month, putting the 12-month inflation rate at 3.8%, the Commerce Department reported. Economists surveyed by…
Ousted BP chair Albert Manifold rejects ‘lies’ over his conduct
Albert Manifold, chief executive officer of CRH Plc, speaks during a Bloomberg Television interview in London, U.K., on Tuesday, Aug. 19, 2014. Bloomberg | Bloomberg | Getty Images Ousted BP Chairman Albert Manifold has rejected “lies” relating to his conduct, saying he “pushed hard and challenged people directly” during his brief tenure at the British…
Google employee polymarket insider trading
Signage at the Situation Room by Polymarket pop-up bar in Washington, DC, US, on Friday, March 20, 2026. Graeme Sloan | Bloomberg | Getty Images Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million off of bets using insider information on Polymarket. Prosecutors claim that Michele Spagnuolo, a…
Fed’s Kashkari says inflation fight takes priority as labor market is ‘in decent shape’
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters Minneapolis Federal Reserve President Neel Kashkari said Thursday that bringing down inflation in the U.S. remains his top priority, warning…
Salesforce’s beat fails to convince market that software can survive AI
Salesforce on Wednesday evening delivered better-than-expected quarterly results, but it wasn’t enough to convince the market that AI will help — not hurt — its enterprise software business. Revenue in the quarter ended April 30 rose 13.3% year over year to $11.13 billion, topping expectations of $11.05 billion, according to LSEG. Adjusted earnings per share…