Marco Pistoia, Global Technology’s Head of Applied Research and Engineering at JP Morgan. Source: JP Morgan JPMorgan Chase has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, hiring a State Street executive, CNBC has learned. Marco Pistoia, the former IBM inventor who became head of…
CNBC’s Jim Cramer on Monday listed four stocks he thinks have momentum, powered by excitement from retail investors — Palantir, AppLovin, Robinhood and Coinbase — dubbing the group “PARC.” “These PARC names are emblematic of how stocks have devolved into a two-track market,” he said. “There’s the S&P 500, and then there’s this handful of…
Jordi Vidal | Redferns | Getty Images Astronomer CEO Andy Byron’s controversy went so viral that it sparked millions of dollars in bets on prediction markets over his resignation. On July 16, Byron was caught on camera hugging his human resources director Kristin Cabot on a kiss cam during a Coldplay concert with the two quickly…
Conventional wisdom holds that as we get closer and closer to the coming deadline for tariff resolution, the market will become more treacherous, especially for highly valued stocks. I don’t know who writes these stories. I always check the bylines and I have never worked with them or hired them. I will tell you this: their…
Second-quarter earnings season on Wall Street has gotten off to a mostly strong start, and it’s picking up steam in the week ahead. It’s also a quiet week of economic data, putting an even brighter spotlight on the results and commentary across the corporate world. Within the portfolio, we’ll hear from Danaher , Capital One…
Idrees Abbas | SOPA Images | Lightrocket | Getty Images The earnings season is on, and investors are paying attention to how the leading companies are faring. However, tariffs and other challenges remain on the minds of investors. While top Wall Street analysts also watch the quarterly results closely, they generally have a broader focus…
The one-two punch of strong earnings and tame inflation helped propel the S & P 500 to a positive week — despite the latest tariff news on Friday putting a slight damper on the action. The broad index added 0.59% for the week led by technology, utilities and industrials, while the tech-heavy Nasdaq outperformed, jumping…
Ahead of the next Federal Reserve meeting later this month, tensions between the White House and the central bank have reached a fever pitch. On Wednesday, a senior White House official told CNBC and other news outlets that President Donald Trump was likely to soon fire Fed Chair Jerome Powell. Trump later denied those reports, although he said he…
Strong earnings from streaming king Netflix on Thursday sets the stage for Disney to shine with its results in a few weeks. Netflix reported an upbeat quarterly results after the bell Thursday, with revenue soaring 16% year over year, its seventh straight quarter of double-digit growth. The streaming service also delivered beats on operating income,…
Jonathan Raa | Nurphoto | Getty Images Ether climbed to end the week as President Donald Trump signed the GENIUS Act stablecoin legislation into law, while bitcoin and its proxies took a breather. The price of ether was last higher by 4% at $3,578.67, according to Coin Metrics, trading at highs not seen since January…
