Department of Government Efficiency co-lead and former U.S. presidential candidate Vivek Ramaswamy isn’t prepared just yet to reveal his hand when it comes to where the new agency he will run with Elon Musk under President-elect Trump, DOGE, will target spending cuts. But one immediate area of focus where he isn’t holding back is what … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on November 26, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were relatively unchanged on Wednesday night following a record day for stocks. Futures tied to the Dow Jones Industrial Average fell 16 points, or … Read more
Technical analysis-based trade ideas can be classified into two main categories – trend following or mean-reverting. Most of the pieces we’ve done over the last year within CNBC Pro profiled trend following strategies – we’ve cited dozens of potential bullish pattern breakouts, and in the bull market we’ve had so far in 2024, those had … Read more
Republican nominee for U.S. Senate Bernie Moreno addresses supporters at Brecksville Community Center on November 4, 2024 in Brecksville, Ohio. Stephen Maturen | Getty Images Republican Senator-elect Bernie Moreno, who made his living as a luxury car dealer before running against and defeating Democrat Sherrod Brown in the large manufacturing state of Ohio, said he … Read more
Check out the companies making headlines in after-hours trading. American Eagle Outfitters – Shares plunged 12% after the retailer reported weaker-than-expected revenue for the third quarter. For the period, American Eagle posted $1.29 billion in revenue, below the consensus estimate of $1.30 billion, according to LSEG. The retailer also offered a weak holiday outlook and … Read more
Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence in New York City, Sept. 20, 2021. Michael M. Santiago | Getty Images News | Getty Images Amazon founder Jeff Bezos spoke optimistically of President-elect Donald Trump Wednesday at The New York Times’ DealBook Summit, saying … Read more
U.S. President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters President-elect Donald Trump asked the Georgia Court of Appeals on Wednesday to effectively end the criminal case related to his effort to overturn … Read more
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images OpenAI and Anduril on Wednesday announced a partnership allowing the defense tech company to deploy advanced artificial intelligence systems for “national security missions.” … Read more
Friday’s jobs report is just about guaranteed to be a market-moving event, and investors can trade the different outcomes for what could happen, according to Goldman Sachs. The November nonfarm payrolls report will be the last major piece of economic data this year, and could determine whether investors will get one more interest rate cut … Read more
British carmaker Jaguar is undaunted by the criticism its recent rebranding campaign generated. A video launching the overhaul went viral online as commenters critiqued the company’s design choices, called the company “woke,” and questioned why the ad did not feature a car. But experts say the company’s real challenge is executing its plan to save … Read more