Economy

Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Nvidia plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market cap and pulling chip stocks down with it. Intel […]

Sopa Images | Lightrocket | Getty Images More than half of Tiger 21’s members don’t invest in Nvidia, according to a recent asset allocation report released by this network of ultra-high-net-worth investors and entrepreneurs. The network’s second-quarter asset allocation report revealed that 57% of its members are not invested in chip darling Nvidia, with a […]

People walk past the logo of Samsung Electronics in Seoul on July 7, 2022. South Korea’s Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Jung Yeon-je | Afp | Getty Images […]

Game enthusiasts and industry personnel walk between the Microsoft Xbox and Sony PlayStation exhibits at the E3 trade show on June 16, 2015 in Los Angeles, California.Christian Petersen | Getty ImagesSony has signed a binding, 10-year agreement with Microsoft to keep Call of Duty on its PlayStation gaming consoles after closing the Activision Blizzard acquisition, Microsoft said… […]

Barry Diller, chairman and chief executive officer of IAC/InterActiveCorp.Scott Eells | Bloomberg | Getty ImagesFailing to resolve the dual strikes of the writers’ and screen actors guilds in Hollywood will lead to “devastating effects if it is not settled soon,” IAC and Expedia Chairman Barry Diller said in an interview on CBS’ “Face the Nation”… […]

U.S. White House national security adviser Jake Sullivan speaks at a press briefing at the White House on Dec. 12, 2022.Kevin Lamarque | ReutersA “small group” of House Republicans have “essentially created a trap” by loading the National Defense Authorization Act with a wide array of domestic-focused amendments, U.S. national security advisor Jake Sullivan said… […]

Pilots from United Airlines walk inside the airport as they take part in an informational picket at Newark Liberty International Airport in Newark, New Jersey, May 12, 2023.Eduardo Munoz | ReutersUnited Airlines and its pilots’ union have agreed to a preliminary labor deal that includes pay increases of as much as 40.2% over four years,… […]

Please send your questions directly to Jim Cramer and his team of analysts at investingclubmailbag@cnbc.com . Reminder, we can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: If you have a set amount of money to invest every… […]

China’s troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been “satisfactory” in propping up the sector, according to a JPMorgan economist. The “housing market crash is still not over yet,” Haibin Zhu, chief China economist at JPMorgan told CNBC’s “Squawk Box Asia” Monday, adding […]

An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ Jonathan Ernst | Reuters While British fund manager abdrn predicts that the U.S. economy will see a soft landing, there is still the risk of a prolonged slowdown in 2025, said Kenneth Akintewe, the company’s head of Asian sovereign […]