Author: Editor-In-Chief
CNBC’s Jim Cramer said Monday that he would buy shares of car retailer Carvana if it falls again. Carvana is the clear leader in the used car space and its turnaround story is very promising, Kramer said. He cited the recent rise in stock prices as proof of that. The stock is up 22% over the past month, compared to the S&P 500’s gain of less than 1%. “They’re back,” he said Monday on “Squawk on the Street.” Kramer said CEO Ernesto Garcia has done a great job getting the company back on track. “They’re doing a lot of things…
Oppenheimer said this year’s market winners should continue to outperform through December. Stock prices got off to a shaky start to the month, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all falling on Monday. Strong stocks such as Super Micro Computer and Broadcom all fell nearly 3% in intraday trading. But Ari Wald, head of technical analysis at Oppenheimer & Co., said in a note last week that December is the best-performing month of the year for momentum factors since 1928. He said the momentum factor tracks the performance of market leaders versus laggards over the…
What began as Israel’s leader’s snub of mainstream media has become a broader attack on press freedom in the country. Prime Minister Benjamin Netanyahu has not given an interview to Israel’s three main broadcasters in more than four years. He accused them of “brainwashing” and claimed they were supporting Israel’s enemies and personally pursuing journalists who criticized him. Now, that long-standing tension has evolved into something more aggressive. : On Monday, Prime Minister Benjamin Netanyahu’s coalition government will establish a special parliamentary committee to advance a bill to replace Israel’s independent media regulator with a political appointee. The changes would…
Chelsea’s draw with Arsenal was filled with refereeing controversy, but should the Blues’ opener be canceled due to another subjective offside in the Premier League?Trevo Chalobah put 10-man Chelsea ahead in the second half by flicking in Reece James’ corner-kick – but did Enzo Fernandes play a big role in the ball coming in from an offside position? Chelsea’s number eight was ahead of the play when Charova flicked the ball on, and although Fernandes did not touch the ball, he appeared to be affecting Cristian Mosquera’s ability to clear the ball off his line. image: Fernandes was in an…
Amazon’s AI chatbot Rufus saw a spike in adoption on Black Friday, according to new data released over the weekend by market intelligence firm Sensor Tower. In the US, Amazon sessions that led to purchases jumped 100% on Black Friday compared to the following 30 days, but sessions that led to purchases that did not include Rufus only increased by 20%. Additionally, Amazon saw a 75% daily increase in sessions that included Rufus and resulted in a purchase, compared to only a 35% daily increase in sessions that resulted in a purchase without Rufus. The company also noted that Amazon…
The chair of Britain’s economic watchdog resigned on Monday after the agency incorrectly published economic and fiscal forecasts ahead of last week’s autumn budget. The Office for Budget Responsibility (OBR) released its economic and fiscal outlook for the Budget last Wednesday, about 40 minutes before Chancellor of the Exchequer Rachel Reeves was scheduled to begin presenting the Budget, sending UK government bond yields into a seesaw.Richard Hughes, who took over as OBR chairman in October 2020, tendered his resignation after the market closed on Monday.In a letter to Reeves and Dame Meg Hillier MP, chair of Parliament’s finance select committee,…
Spending increases will be maintained for at least the next three years.Published December 1, 2025December 1, 2025Click here to share on social mediaShare 2shareThe US has announced a new trade deal with the UK. It includes zero tariffs on medicines and medical products in exchange for more spending on medicines in the UK (the biggest increase in spending in more than 20 years) and an overhaul of the way medicines are valued.As part of the deal announced on Monday, the state-run National Health Service (NHS) will increase treatment costs by 25% for at least the next three years.Recommended stories list…
In June of this year, we celebrated the release of the movie F1 in New York’s Times Square, but I don’t know if any script can match what’s happening in real life. For McLaren, the double disqualification in Las Vegas where the underfloor was measured by the thickness of worn paper compared to the technical regulations has been a horror movie for the last two races, but there is no gray area in this kind of thing and it was illegal. A week later in Qatar, the recovery could not have been more dramatic. This smooth, fast track forces drivers…
Nvidia is investing $2 billion in Synopsys, which makes software and components for semiconductor chip design. The deal deepens the companies’ existing partnership as analysts begin to scrutinize the increasingly common circular trades in the AI industry and warn of potential bubbles. Nvidia announced that it has purchased Synopsys stock for $414.79 per share as part of a multi-year partnership to integrate Nvidia’s AI hardware and computing capabilities with Synopsys’ electronic design automation (EDA) and simulation software. The deal will help Synopsys transition its platform from CPU-based computing to GPUs, a move the company hopes will speed up chip design…
Sopa Images | Light Rocket | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five important things investors need to know to start their trading day.1. No-Tech NovemberDue to last week’s recovery meeting, Dow Jones Industrial Average and S&P500 Both have won for seven months in a row. But tech stocks were unable to regain much momentum as investors weighed concerns about overspending on artificial intelligence.I’ll summarize it below.High-tech oriented Nasdaq Composite It fell about 1.5% in November, ending a seven-month winning streak.Palantir was a notable technical loser last month. Defense…