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Technology stocks fell in premarket trading Thursday, with chipmakers Broadcom, Micron Technology and Marvell Technology leading the losses as investors fled the semiconductor space.Broadcom shares were down 15.1% ahead of the market open after the company, which designs and makes customized AI chips for other technology names, reported weaker-than-expected earnings on Wednesday.Stock Chart IconStock chart iconBroadcom.The fall was part of a broader retreat from chipmakers and other tech stocks ahead of Thursday’s market open.Micron Technology was down 7.1% in premarket trading, while Marvell Technologies had fallen 7.5%. Elsewhere, Qualcomm shed 3.9%, with Intel falling 4.1%, and AMD down 4.3% ahead…
Late evening view of US Capitol building in Washington DC, USARichard Sharrocks | Moment | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The “one big beautiful bill” came with many tax benefits for top earners, despite limiting how much they can deduct. However, lawyers for the wealthy said they have discovered a surprise buried in the footnotes of a tax law guide released last week by Congress’ policy staff that could amount to double taxation.The…
Gas engine maker Innio set for Nasdaq debut after upsized $2.43 billion IPO Source link
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Thursday. It was a big night for the Knicks — and for the New York City bar that used prediction markets to hedge its customers’ tabs.S&P 500 futures are falling this morning. The major indexes are coming off a down day.Here are five key things investors need to know to start the trading day:1. Streak stoppedA television station broadcasts a news conference with US President Donald Trump on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Michael…
Available for over a yearA Labour leadership challenge would mean Britain could have a seventh prime minister in a decade. Each change of leadership promises renewal, but each delivers fresh disappointment. Meanwhile the problems compound: crumbling infrastructure, polluted waterways, a cost-of-living crisis, a planet warming faster than our policy responses. Why can’t a mature democracy fix things it can clearly see are broken? In the late 1960s, Stanford psychologist Walter Mischel devised a deceptively simple test of human nature. A child is left alone with a single marshmallow and a choice: eat it now, or wait fifteen minutes and receive…
Hype for the biggest IPO of all-time is at a fever pitch and traders can’t wait – literally.Options volume is picking up in Nasdaq-listed Echostar, a $35-billion networking business based in Colorado that owns an estimated 3% of SpaceX stock, which it acquired through a deal providing wireless spectrum to Starlink in September.Trading activity on Wednesday was more than three times the daily average the past month, according to data from Cboe LiveVol, with more than 60,000 options contracts traded for a total premium of just shy of $50 million.About five times as many calls traded in the name than…
The BlueSky logo is displayed on a mobile phone screen with its icon in back of it.Anadolu | Anadolu | Getty ImagesBluesky, the social media platform that originated within Twitter, rose to prominence as a rival to the network after Elon Musk acquired the company and rebranded it as X.But, two years since its launch, the site has around just 10% of X’s estimated global users. Bluesky’s Chief Operating Officer Rose Wang told CNBC that the site saw its future not in rivalling X, but in taking inspiration from the online community forum Reddit.”The world is changing rapidly, and we’re…
A youth player for MLB Pitch Hit & Run takes the field.Courtesy of RCXA version of this article appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox.Former New York Giants quarterback Eli Manning’s private equity firm Brand Velocity Group is acquiring RCX Sports, the company that manages the licenses of the official youth sports programs of the NFL, NBA, WNBA, MLS, NHL and MLB. RCX has about 150 employees and makes money distributing sports products such…
Wolfe Research says momentum stocks may extend gains on AI theme Source link
Plex is adding new social features to the platform. As of today, users can make and share “personalized lists on Plex of any movie, show or episode,” the company said in an announcement. Later this year, users will be able to import lists from other streaming services and react to other people’s lists. This month, Plex will also launch a community forum that will allow people to “post and comment directly on any movie, show, season, or episode.” Later this year, Plex will introduce “Match Scores” based on a viewer’s history and past ratings to predict how much they’ll like…