Wedbush is out with a bullish call on Palantir (PLTR), raising its price target to $50 for 2025 amid a heated AI race. Wedbush senior equity analyst Dan Ives joins industry Domination to discuss the call and how other Big Tech players are fairing in the AI race. “The AI revolution’s here. And when I … Read more
Virtus’ Joe Terranova, BNY’s Alicia Levine and BMO’s Brian Belski join ‘Closing Bell’ to discuss the midsummer industry moves. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock industry news and … Read more
US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of weekly jobless claims since August 2023. Madison Mills crunches the numbers out from the US Department of Labor, with Bloomberg attributing the rise to seasonal factors like climate … Read more
As Wall Street braces for a rotation out of tech equities as small caps rise, CFRA Research Chief funding Strategist Sam Stovall joins Wealth! to discuss how investors can best position their portfolios. “I think investors right now, first off, should make sure that they are not going to allow their emotions to become their … Read more
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The Federal Reserve’s inflation fight isn’t over, but it’s on track. That’s the message from Federal Reserve lender of Chicago President Austan Goolsbee in an interview with Yahoo money management Federal Reserve reporter Jennifer Schonberger. “It’s very clear that inflation’s come way down in a 12-18 month period. This is about as fast as inflation … Read more
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The tech-heavy Nasdaq Composite (^IXIC) logged its worst day this week since 2022 as investors have begun to rotate out of Big Tech equities. The addition of furthering political uncertainty around the nearing election has many on Wall Street believing an borrowing charge cut from the Federal Reserve is likely for September, paving the way … Read more
Sylvia Jablonski, Defiance ETFs top executive and CIO, joins ‘Squawk Box’ to discuss the latest sector trends, what to make of the rotation out of tech, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to … Read more
The tech-heavy Nasdaq Composite (^IXIC) continues to slide as semiconductor shares takes a hit from potential plans from the Biden administration to impose stricter restrictions around AI chip exports to China. Former President Donald Trump also made comments to Bloomberg about potentially making Taiwan pay for US defense. Wedbush Securities SVP of equity research Matt … Read more