Geopolitical tensions are shaking the cybersecurity tape, impacting Club names Palo Alto Networks , CrowdStrike , and Broadcom . But they’re not changing our investment theses. Reuters reported Wednesday that Chinese authorities have told domestic companies to stop using cybersecurity software from a handful of U.S. and Israeli firms, including Palo Alto Networks, CrowdStrike, Fortinet,…
Mark Mason, CEO of Citi Private Bank, speaks during the Global Wealth Management Summit in New York June 17, 2014. Shannon Stapleton | Reuters The biggest U.S. banks show no sign of capitulating to President Donald Trump’s mandate to slash credit card interest rates, setting up a confrontation just as the President is expected to…
President Donald Trump and Denmark have a “fundamental disagreement” over the kingdom’s ownership of Greenland, which was not resolved during a meeting with top U.S. officials in Washington on Wednesday, a Danish official said. “For us, ideas that would not respect territorial integrity of the Kingdom of Denmark, and the right of self determination of…
Vcg | Visual China Group | Getty Images Google is letting users test a new artificial intelligence tool that connects information from various apps like Gmail and Google Photos to provide personalized answers in its chatbot. The feature, called Personal Intelligence, is available for personal accounts, Google said in a blog post on Wednesday. “Whether…
Check out the companies making headlines in midday trading. Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company said the charge, which includes research-and-development expenses and milestone payments, will lower its net income by about…
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 Wednesday’s key moments. 1. Stocks sank Wednesday as banks felt post-earnings pressure for the second straight session. Club name Wells Fargo dropped 5% after reporting a revenue miss before the opening bell. Jeff…
Celsopupo | Istock | Getty Images Wall Street is finding an unexpected beneficiary of America’s weight-loss boom: airlines. With the first GLP-1 weight-loss drug now available in pill form, analysts at Jefferies say broad adoption across society could quietly lower fuel bills — airlines’ single largest cost — and lift earnings for the carriers. “A…
Stock investors largely shrugged off the criminal investigation of Federal Reserve Chair Jerome Powell — the latest example of the market looking past political risk. The Dow Jones Industrial Average initially tumbled nearly 500 points on Monday. Investors worried the probe represented a broader push by President Donald Trump to strip away the central bank’s…
A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images Sales of previously owned homes in December rose to a seasonally-adjusted, annualized rate of 4.35 million units, a 5.1% increase from November, according to the National Association of Realtors. That was higher…
Netflix is likely to amend its offer for Warner Bros. Discovery’s assets, making an all-cash bid, CNBC’s David Faber reported on Wednesday. In December, Netflix reached a deal to purchase WBD’s streaming platform HBO Max and the Warner Bros. film studio in a transaction comprised of cash and stock. The deal is currently valued at…
