One big part of the stock market is finally joining the market party: Software. The iShares Expanded Tech-Software ETF (IGV) has jumped more than 11% this week, clawing back some of its steep declines for the year. IGV is still down more than 21% in 2026 on fears that artificial intelligence will take market share…
The U.S. Internal Revenue Service (IRS) building stands after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency’s resources during the critical tax-filing season, in Washington, D.C., Feb. 20, 2025. Kent Nishimura | Reuters A version of this article first appeared in CNBC’s Inside Wealth…
With less than 2 weeks remaining until the next European Central Bank meeting, the bloc’s policymakers appear undecided on the future of interest rates. Financial markets are currently pricing in a hold at the April 29-30 meeting, followed by a hike in June, according to LSEG data. The majority of traders expect the ECB’s key…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. I’m back after a long weekend in California and at the Coachella Valley Music & Arts Festival, where I saw music tourism play out first-hand. Stock futures are slightly higher this morning. The three major indexes are coming off a…
Howie Roseman is one of the biggest wild cards in the NFL Draft every year. The Eagles GM is one of the league’s most frequent pick traders. He’s probably the best bet to trade either up or down with his first-round pick, too. Whatever picks he does end up with, though, he knows he’s got…
Here are the biggest calls on Wall Street on Thursday: JPMorgan initiates ResMed as overweight JPMorgan says the sleep apnea company is best-in-class. “RMD is the global leader in the Obstructive Sleep Apnea (OSA) market, generating the majority of revenue from CPAP devices and masks, but also with a portfolio of other respiratory health solutions…
The U.K.’s financial watchdog has eased restrictions on hedge funds after relaxing rules on short selling, and slashing administrative and reporting requirements. The shift marks a major step-change in the way the Financial Conduct Authority regulates investors who bet against the value of companies, and comes as part of a broader U.K. push to cut…
Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant posted first-quarter results that beat analyst expectations, sending the stock 1% higher. PepsiCo earned an adjusted $1.61 per share on revenue of $19.44 billion. Analysts polled by LSEG expected a profit of $1.55 per share on revenue…
Members of Houthi security forces stand guard as supporters of Yemen’s Houthis movement participate in a rally held to mark the 11th anniversary of the military campaign launched by the Saudi-led coalition on March 26, 2026 in Sana’a, Yemen. Mohammed Hamoud | Getty Images News | Getty Images A new era of higher defense spending…
The biggest American automakers all but abandoned sedans and coupes in recent years as they rushed to compete in the pickup truck and SUV markets. Many domestic buyers also shifted toward those bigger vehicles. Still, there’s a market for cars, as Japanese, Korean and German brands sell hundreds of thousands of smaller passenger vehicles in…
