Author: franperez66q@protonmail.com
Tech CEOs invited to US Capitol to testify about children’s online safety Source link
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 Thursday’s key moments. 1. All three major indexes rallied Thursday, with the Dow reclaiming 50,000 after an important U.S.-China meeting and a blowout earnings report from Cisco Systems . It was a mixed bag for semiconductor stocks Thursday. Some like Club names Nvidia and Broadcom are rallying. Others like Micron and Qualcomm fell. Jim Cramer believes investor enthusiasm surrounding the debut of AI chip company Cerebras may be pulling money away from some semis and other AI stocks.…
BEIJING, CHINA – MAY 15: U.S. President Donald Trump and Chinese President Xi Jinping tour the Zhongnanhai leadership compound on May 15, 2026 in Beijing, China. Mark Schiefelbein-Pool | Getty Images News | Getty ImagesChina is eager to “help” peace negotiations between Washington and Tehran, U.S. President Donald Trump said Thursday, as he concluded a two-day presidential summit in Beijing. In an interview with Fox News on Thursday, Trump said his Chinese counterpart, Xi Jinping, had ruled out sending military assistance to U.S. forces in Iran, but that he had offered diplomatic help. “He’d like to see Hormuz Strait opened,”…
With its recent rally, shares of oil giant Exxon Mobil now yield 2.7%, the lowest since 2014, and just a touch higher than what dating site Match Group pays its shareholders. Exxon’s dividend has been one of the company’s key selling points with investors, particularly of the retail variety.So what do you do now if you own shares for income purposes? Turn to options. Exxon currently presents a compelling case for a “buy-write with a twist” — otherwise known as a covered call spread. This strategy allows investors to collect premium income while retaining a window for capital appreciation, a…
The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America’s largest automakers: the elimination of white-collar workers.The “Detroit Three” automakers have together cut more than 20,000 U.S. salaried jobs, or 19% of their combined workforces, from recent employment peaks this decade, according to public filings and employment data from the companies. Reasons for the job declines vary by automaker, but in general are tied to evolving technological changes in the automotive industry, with the rise of…
Boeing receives China’s backing for deeper commercial ties Source link
Skyroot named its initial line of vehicles “Vikram” in honor of the Indian physicist Vikram Sarabhai, who is considered the father of the Indian space program. As a testbed for its technology, Skyroot worked on a suborbital version of its rocket, Vikram-S, from 2020 to 2022 and launched the 6-meter rocket in November of that year. The larger Vikram-1 rocket now nearing its debut consists of three solid-fueled stages, with the capability to place up to a half-metric ton of payload into low-Earth orbit. The easiest way to keep up with Eric Berger’s and Stephen Clark’s reporting on all things…
Andy Burnham says he will look to stand in the constituency, after Labour MP Josh Simons announces his resignation. Source link
China will ramp its crude oil imports from the United States because the world’s two largest economies are natural trade partners when it comes to energy, Chris Wright told CNBC on Friday. China is the largest oil importer in the world and the U.S. is the biggest producer. “There’s a natural energy trade there,” the U.S. energy secretary told CNBC’s Brian Sullivan in an interview at Port Arthur, Texas. China relies heavily on the Middle East for its oil imports. Exports from the Persian Gulf have mostly been cut off for weeks now due to Iran’s blockade of the Strait…
U.S. equity fund inflows at three week high on chipmaker demand Source link