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Industry News

Morgan Stanley reveals the two chip stocks it says will dominate over the next decade

A massive sell-off in chip stocks has created an opportunity to buy the dip on two "quality" and "dominant" chip stocks, Morgan Stanley says.

Source: Top News and Analysis (pro) | 24 May 2022 | 7:54 pm

Strategists pick their top stocks to play rising prices — and say some are 'extremely cheap'

CNBC Pro identifies strategists' top stocks as the global economy battles rising inflation and slowing growth.

Source: Top News and Analysis (pro) | 24 May 2022 | 7:51 pm

Shares in Asia-Pacific mixed following tech sell-off stateside

The tech-heavy Nasdaq Composite dropped more than 2% overnight as investors fled social media stocks after Snap's CEO warned of slowing growth.

Source: Top News and Analysis (pro) | 24 May 2022 | 7:31 pm

Trump-endorsed Senate hopeful Herschel Walker wins Georgia Republican primary, NBC projects

Walker, who is backed by former President Donald Trump, will take on Warnock in the general election for the Georiga Senate seat.

Source: Top News and Analysis (pro) | 24 May 2022 | 7:16 pm

Ricky Gervais’ Netflix special blasted as ‘anti-trans rants’

In “SuperNature,” released Tuesday on the streaming service, Gervais jokes about “old-fashioned women. They're the ones with wombs.”

Source: Fortune | FORTUNE | 24 May 2022 | 7:06 pm

Georgia Gov. Brian Kemp will beat Trump pick Perdue in GOP governor primary race, NBC projects

Kemp is projected to defeat ex-President Donald Trump's preferred candidate, former Sen. David Perdue.

Source: Top News and Analysis (pro) | 24 May 2022 | 7:04 pm

Biden addresses nation after Texas man kills 18 kids, 3 adults at elementary school

Biden is addressing the shooting at Robb Elementary School in Uvalde, Texas, after a gunman killed 18 children and three adults.

Source: Top News and Analysis (pro) | 24 May 2022 | 6:56 pm

No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels

While stock prices sharply fluctuate and retail investors head for the exits, Evercore ISI's Julian Emanuel wants to put money to work.

Source: Top News and Analysis (pro) | 24 May 2022 | 6:51 pm

Texas elementary school shooting leaves 14 children and one teacher dead

It was the deadliest shooting at a U.S. grade school since the shocking attack at Sandy Hook Elementary in Newtown, Conn., almost a decade ago.

Source: Fortune | FORTUNE | 24 May 2022 | 6:42 pm

Stock futures rise following Tuesday's losses in the Nasdaq

Traders are digesting a warning of slowing growth from social media company Snap that hurt the tech-heavy Nasdaq Tuesday.

Source: Top News and Analysis (pro) | 24 May 2022 | 6:04 pm

Walmart pulls its Juneteenth ice cream after major backlash

The company released a statement apologizing for their Juneteenth-themed ice cream, which was widely criticized online.

Source: Fortune | FORTUNE | 24 May 2022 | 5:57 pm

The Snap CEO’s memo caused another tech stock plunge—and the worst one-day loss in company history. Here’s why it freaked everyone out

Snap CEO Evan Spiegel said “the macroeconomic environment has deteriorated faster and further than expected.” Then his company lost 40% of its value.

Source: Fortune | FORTUNE | 24 May 2022 | 5:49 pm

Wendy's shares surge as Trian, its largest shareholder, explores potential deal

The hedge fund said it was seeking a deal to "enhance shareholder value" that could include an acquisition or merger, according to the filing.

Source: Top News and Analysis (pro) | 24 May 2022 | 5:16 pm

Jamie Dimon softens tone on a recession: ‘They’re storm clouds. They may dissipate’

A recession may still hit, but it may not be severe.

Source: Fortune | FORTUNE | 24 May 2022 | 5:09 pm