Key Points Microsoft’s stock saw its biggest daily decline since 2020 on Thursday, falling 10%. The stock is up 0.5% premarket on Friday. Thursday’s share slide wiped $357 billion off the software giant’s market cap. Analysts attributed the move to company’s cloud computing business growing slightly slower than expected. Microsoft’s stock isn’t recovering in Friday’s…
Justin Tallis | Afp | Getty Images Bitcoin dived below the $73,000 mark on Tuesday, hitting its lowest price in nearly 16 months. The world’s oldest cryptocurrency sank as low as $72,884.38, falling more than 6% on the day. That’s its lowest level since Nov. 6, 2024, when the token traded at $68,898. Stock Chart…
Rockaa | E+ | Getty Images The IRS has unveiled higher capital gains tax brackets for 2026. In its announcement on Thursday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year. It also increased figures for dozens of other provisions, including federal income tax brackets,…
With conference play upon us, it’s fair to start wondering which of the undefeated men’s college basketball teams might actually be able to stay that way. Here are the six teams that have yet to log an L in 2025-2026, as well as some notable opponents that they have already taken care of, as well…
CNBC correspondent Ernestine Siu attended an AI hackathon. Courtesy of Ernestine Siu I like to spend most of my weekends taking workout classes with friends, exploring new restaurants or vegging out on the couch with a movie on. The past weekend, however, was unique. Instead of the usual routine, I chose to immerse myself in…
The Emma Thompson-led thriller “Dead of Winter” and Hilary Duff’s first full-length album in 11 years are some of the new television, films, music and games headed to a device near you. Also among the streaming offerings worth your time this week, as selected by The Associated Press’ entertainment journalists: A new season of “The…
AYLESBURY, ENGLAND – JULY 24: UK Prime Minister Keir Starmer and Prime Minister Narendra Modi of India walk in the grounds at Chequers on July 24, 2025 in Aylesbury, England. Kin Cheung | Getty Images News | Getty Images U.K. and India’s bilateral trade is set to get a more than $34 billion annual boost…
We are selling 45 shares of BlackRock at roughly $1,129.80. Following the trade, Jim Cramer’s Charitable Trust will own 65 shares of BLK, decreasing its weighting to about 1.90% from about 3.10%. BlackRock is off to a great start to the new year. After a mostly disappointing 2025 in which shares gained about 6%, the…
Kit Kat Chunky packaging are seen at a store in Poland on July 15, 2025. Nurphoto | Getty Images Swiss food giant Nestle said Thursday that prices for its KitKat bars and Nespresso coffee pods could rise further in the second half of this year, as U.S. tariffs risk exacerbating existing commodity price pressures. CEO…
Amid geopolitical turmoil, the Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday. An energy shock and higher inflation expectations due to the war in Iran ruled out any possibility of an interest rate cut, analysts said. Since December, the federal funds rate has remained steady in a target range…
