Piper Sandler renewed coverage of Jim Cramer’s least favorite portfolio tech name with a buy. We’re talking about custom chipmaker Broadcom , which analysts at Piper called the “ASIC compute king” in a new note to clients. ASIC stands for application-specific integrated circuit. They set a $460 price target on the stock, representing more than…
OpenAI is taking aim at some of Wall Street’s most labor-intensive tasks with a new version of ChatGPT designed to research companies, analyze financial data and generate the presentations that investment bankers rely on. The product unveiled Thursday, called ChatGPT for Financial Services, is a tailored version of its enterprise product, ChatGPT Work, that was…
Since becoming Starbucks CEO two years ago and launching a turnaround of the struggling coffee chain, Brian Niccol said the company is ready to move into its next phase. “The shine is back on Starbucks,” Niccol declared in a CNBC interview Thursday. Niccol added that he aims to “finish the job on uplifting all of…
Stocks moved lower since our last CNBC Investing Club Monthly Meeting as renewed inflation concerns, sparked by rising oil prices, sent Treasury yields higher — a toxic mix for the market. In early Thursday trading, it was much of the same, with Iran war uncertainty pushing U.S. oil prices above $100 per barrel, joining international…
Christine Lagarde, president of the European Central Bank (ECB), during a rates decision news conference in Frankfurt, Germany, on Thursday, June 11, 2026. Alex Kraus | Bloomberg | Getty Images The European Central Bank is widely expected to raise interest rates on Thursday, but uncertainty around the U.S.-Iran war is clouding the outlook for its…
China’s consumer and wholesale inflation rebounded in August, as higher global commodity costs and surging high-tech demand cushioned persistently tepid domestic consumption. The producer price index increased 3.8%, according to data released by the National Bureau of Statistics on Wednesday, exceeding economists’ forecast for a 3.6% gain and outpacing July’s 3.5%, the weakest in three…
Crude oil is back above $90 and energy stocks in the S&P 500 index are approaching fresh 52-week highs as the group’s year-to-date rally surpasses 40%. Despite energy stocks holding the title as the best-performing sector in the S&P 500 in 2026, options traders seem unconvinced the strength in conventional energy assets will continue. Instead,…
The great Jim Cramer is often found of saying, “It doesn’t matter where a stock has been, only where it’s going.” It’s fantastic advice, and worth remembering when looking at shares of Vertiv Holdings. Vertiv, headquartered in Westerville, Ohio, is an electrical power equipment manufacturer, and many of the DC power systems, heat rejection and…
FILE PHOTO: The logo of Swiss drugmaker Novartis is seen at the company’s new cell and gene therapy factory in Stein, Switzerland, November 28, 2019. Arnd Wiegmann | Reuters Novartis shares tanked 10% on Tuesday after the pharmaceutical giant said its del-desiran drug for muscle-wasting disorder failed in a late-stage trial. The company’s stock was…
A trader works on the floor of the New York Stock Exchange. NYSE Global markets have shrugged off a barrage of shocks in recent years, but HSBC sees several developments that could eventually end that streak. The key risks include higher corporate taxes, a renewed rise in private-sector debt and a shift in the relationship…
