Apple is ready to pony up another $100 billion to appease President Donald Trump . Jim Cramer says it was a necessary evil. Wall Street agreed, and the struggling stock rallied. The news Shares of Apple jumped nearly 6% on Wednesday after a White House official confirmed to CNBC that the tech giant will raise…
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,…
Jim Cramer on Monday brushed off Morgan Stanley’s downgrade of CrowdStrike , viewing the cybersecurity giant’s recent dip as a potential buying opportunity. “Morgan Stanley may downgrade this but I want to get in on the downgrade and get in on the discount,” Cramer said Monday during the Investing Club’s Morning Meeting. Shares of CrowdStrike…
There’s no better time to stick with Costco than right now, Jim Cramer says, on the back of the company’s solid June sales report late Wednesday. “You’re going to want to stay with Costco because that’s going to be the way you fight inflation,” Jim said Thursday on “Squawk on the Street,” a day after…
The adoption of artificial intelligence tools is increasing at a rapid pace but remains far from ubiquity, providing more fuel for the AI trade to keep rallying. A string of recent data shows that businesses and consumers in the U.S. are increasingly using generative AI to help complete more tasks and address inquiries more quickly…
Honeywell shares were on track for a record-high close Tuesday after the industrial conglomerate said it is re-evaluating what to do with two lagging businesses ahead of its planned three-way split. The news Honeywell announced Tuesday it is exploring strategic alternatives for its productivity solutions and services (PSS) unit and its warehouse and workflow solutions…
BlackRock’s new acquisition pushes the asset manager one step deeper into private markets. The news The asset management giant on Monday announced an agreement to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets. ElmTree, which leases commercial properties to single-tenant renters, will be integrated into BlackRock’s new group…
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…
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…
