Microsoft on Wednesday announced its biggest round of layoffs this year — aimed at driving efficiencies and taking advantage of new technologies. Jim Cramer is not ready to blame AI for the job cuts. The software giant said it plans to reduce its global workforce by less than 4%, which translates to about 9,000 positions….
Goldman Sachs and Wells Fargo shares hit record highs Wednesday after the Wall Street banks announced dividend hikes following Tuesday’s close. Both join the laundry list of Club holdings to hike their payouts to investors in 2025. After the financial firms passed the Federal Reserve’s annual stress test on Friday night, Goldman said Tuesday that…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 was fighting into positive territory Wednesday despite an unexpected decline in payroll processing firm ADP’s monthly look at hiring at U.S. companies. The ADP…
CNBC’s Jim Cramer on Tuesday pointed out that three megacap tech names managed to exit the first half of the year at all-time highs: Microsoft, Nvidia and Meta. He reviewed each company and explained why he thinks they have outperformed their “Magnificent Seven” peers. “Not FANG. Not Magnificent Seven. Just M-N-Ms,” Cramer said. “The sole…
Meta Platforms CEO Mark Zuckerberg has been on an artificial intelligence spending blitz — and Wall Street does not seem to mind. Zuckerberg has invested tens of billions of dollars in computing infrastructure and research and development, and he’s worked tirelessly to implement AI across the internal organization and to enhance user engagement and ad…
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. Market update: The broader market is starting the new month and quarter on a volatile note. But there’s a big bifurcation happening underneath the surface, with many…
Tuesday marks the first day of trading for the second half of 2025. It was a rocky six months for the U.S. stock market and the Club’s 30-name portfolio as investors weighed President Donald Trump’s tariffs, ongoing geopolitical conflict and the Federal Reserve’s next monetary policy decision. The market ebbed and flowed, but ultimately ended…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The stock market is slightly lower on the first day of the second half of the year. Despite heavy volatility in the first six months, the S & P…
Shortly after the opening bell, we will sell 25 shares of Broadcom at roughly $272.78. Following the trade, Jim Cramer’s Charitable Trust will own 575 shares, decreasing its weighting to about 4.4% from 4.57%. Consistent with what we said last Tuesday, we are peeling off some shares of Broadcom following its strong push to new…
My top 10 things to watch Tuesday, July 1 1. Amazon’s Project Kuiper is using every rocket available to get rolling. AI-powered Alexa+ could help power personal robots in our homes. Those are just a couple takeaways from my interview last night with CEO Andy Jassy. We also touched on Club name’s rural expansion, chip…
