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Intel Xeon 6 processors are shown to CNBC at Intel’s advanced packaging facility in Chandler, Arizona, on November 17, 2025.Tony PuyolSemiconductors are a runaway train — up 17 of the past 18 sessions — and options traders are buying increasingly expensive call options to chase the rally higher.The VanEck Semiconductor ETF (SMH) tracking the sector is up more than 30% this month after a 5% pop Friday, and implied volatility is rising alongside the price, meaning it’s getting more expensive to trade options around the group.The latest catalyst was Intel earnings overnight, which sent shares of the stock up 23%,…
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. Stocks are on track for a positive finish on Friday, lifting the S & P 500 into the green for the week and putting it on pace for a fourth consecutive weekly gain. Chip stocks are dominating the conversation once again after Intel’s strong quarter and comments about the market for central processing units (CPUs). It Graphics processing units (GPUs) made by the likes of Nvidia are still crucial to the…
US Space Force taps 12 firms for $3.2 billion Golden Dome missile defense contracts Source link
A US Army soldier was arrested for insider trading after being accused of making prediction-market wagers on the timing of the military’s capture of Venezuelan President Nicolás Maduro. Army soldier Gannon Ken Van Dyke made a profit of nearly $410,000 by making bets on Polymarket, and he was indicted on charges of unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction, the Department of Justice announced yesterday. “As alleged in the indictment, Van Dyke participated in the planning and execution of the US military operation…
Since then, an unremittingly, relentlessly, incessantly grim story, if you think of it from the perspective of the Labour Party, has been squatting on the news agenda, expelling the potential for anything they would rather be talking about getting any attention. Source link
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty ImagesSpirit Airlines’ future is hanging in the balance over the next week as President Donald Trump said the government could bail out the airline and the struggling discount carrier’s lenders are assessing a potential deal.”We’re thinking about doing it, helping them out, meaning bailing them out, or buying it,” Trump told reporters in the Oval Office on Thursday. “I’d love to be able to save those jobs. I’d love to…
As Roundup maker goes to Supreme Court, Americans worry about pesticides, Reuters/Ipsos poll shows Source link
Meta CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella.Getty Images | ReutersThe more than 20,000 potential job cuts Meta and Microsoft revealed on Thursday, months after Amazon announced its most widespread layoffs ever, may only be the beginning.The same companies that are collectively spending hundreds of billions of dollars a year to build out artificial intelligence infrastructure to meet soaring demand for AI services are seeking efficiencies from AI by slashing headcount. They’re also still trying to rightsize from the pandemic-fueled overhiring.Many economists and industry experts are fearful that a labor crisis may be upon us today — not…
Secretary of Treasury Scott Bessent testifies during a during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on the Treasury Department’s 2027 budget request in Washington, DC on April 22, 2026.Nathan Posner | Anadolu | Getty ImagesTreasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia who are seeking financial backstops due to the Iran war.Discussions with those countries about U.S. dollar swap lines “are part of ongoing, routine conversations that @USTreasury has been having with our partners over a number of years,”…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here.The week kicked off with major news that Apple’s chief Tim Cook will step down this year, with Senior Vice President of Hardware Engineering John Ternus taking over as CEO in September. Cue tech and political leaders praising the outgoing Cook, who’d presided over a more than 20-fold increase in market cap at the tech giant since taking over from the late Steve Jobs in 2011.But what does the change in leadership say about where Apple’s going in the coming years?I caught up with CNBC’s…