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Broadcom stock slips on disappointing software revenue
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on Sept. 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom reported weaker-than-expected revenue in its fiscal second-quarter earnings report. The stock slid in extended trading. Here's how the chipmaker did versus LSEG
Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds
Ascent/pks Media Inc. | Photodisc | Getty Images The trust funds that Social Security relies on to help pay benefits are running low. Based on Social Security Administration estimates from August, the trust fund dedicated to retirement benefits is projected to run out in 2032, when those benefits
Bitcoin's high-conviction holders are turning into sellers as the crypto's price hits new lows
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Cheng Xin | Getty Images Bitcoin's highest-conviction holders have joined the sell-off in the cryptocurrency, which could signal the beginning of the end of the ongoing crypto slump, according to Compass Point. Long-ter
Historic stock rally faces key test
In this article MAGS Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO1:0701:07 Options traders bet on strong Broadcom earnings Options Action The S&P 500 has rallied nearly 20% in the last nine weeks, an historic surge that has made even the most bullish investors blush. An
Khanna and China committee press Blanche for report on Chinese manufacturing in U.S.
In this article VITYY VITYY FIGIF Follow your favorite stocksCREATE FREE ACCOUNT Rep. Ro Khanna, a Democrat from California, during the National Action Network 35th Anniversary Convention in New York, April 8, 2026. Victor J. Blue | Bloomberg | Getty Images House China select committee ranki
Stocks making the biggest moves midday: Exxon Mobil, GameStop, Palo Alto Networks, Blackstone & more
Here are the companies making headlines in midday trading. Quantum computing stocks — A slate of quantum computing plays slid Wednesday as investors cashed out after shares rallied in the prior session. Shares of Rigetti Computing lost 10%, shares of D-Wave Quantum fell 7% and IonQ 's stock fell 4%.
A classic strategy that could yield big dividends
In this article PKG Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO2:5202:52 This packaging company's steady growth could be an opportunity for options traders Options Action Wednesday is garbage day where I live, and because of how recycling works here, we have four separ
This lagging payroll stock is in comeback mode as it completes bottoming process
ADP is one of the world's largest payroll companies. If a business needs to pay employees, manage benefits, etc., there's a good chance ADP is involved behind the scenes. Interestingly, depending on the data provider, the stock is often classified as either an industrial or a technology/software com
What's behind Palo Alto's earnings sell-off — and how to proceed
Shares of Palo Alto Networks are down over 4% Wednesday, despite the cybersecurity provider delivering strong quarterly results the prior evening. This next-day move may seem a bit odd, given the company not only exceeded expectations for the reported quarter, but also issued guidance ahead of expec
Beware SpaceX buyers: Major IPOs are typically a rough ride in the first year
SpaceX is poised to make the biggest public debut on record, but traders raring for a piece are in for a rough ride — at least for the first year. A review of 30 major initial public offerings over the past 15 years shows stocks tend to fall and suffer severe drawdowns in the first year, according t
Sellers are pulling homes off the market at the fastest pace since 2020
Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images More frustrated home sellers were giving up, right in the midst of the all-important spring market, according to new data. Nationwide, 5.8% of all home listings were pulled off the market
Uber slashes people division by nearly a quarter. CEO says 'changes are necessary'
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Uber CEO Dara Khosrowshahi answers audience questions during a recording of the "On With Kara Swisher" podcast at the Johns Hopkins University Bloomberg Center on December 15, 2025 in Washington, DC. Chip Somodevilla | Getty
Bessent says he is performing IRS commissioner duties amid Trump tax settlement scrutiny
Scott Bessent, US treasury secretary, during a Senate Finance Committee hearing in Washington, DC, US, on Wednesday, June 3, 2026. Eric Lee | Bloomberg | Getty Images Treasury Secretary Scott Bessent said Wednesday that he is "performing the duties" of Internal Revenue Service commissioner, even
SpaceX targets $135 IPO price at valuation of $1.77 trillion
In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO5:1405:14 SpaceX targets fixed $135 IPO roadshow price at $1.75 trillion valuation, source says Squawk on the Street Elon Musk's SpaceX set a fixed price of $135 per share ahead of officially marketing its
Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT A view of a Bitcoin ATM at Northgate Mall on Feb. 5, 2026, in San Rafael, California. Justin Sullivan | Getty Images Bitcoin prices fell to their lowest levels since early April on Tuesday after a decline spurred by crypt
OpenAI CEO Sam Altman meets with lawmakers, Trump officials in DC
OpenAI Ceo Sam Altman (L) walks to a meeting with US House Minority Leader Hakeem Jeffries on Capitol Hill in Washington, DC, on June 3, 2026. Brendan Smialowski | AFP | Getty Images OpenAI CEO Sam Altman met with lawmakers in Washington, D.C., on Wednesday, including officials involved with the e
There's a great buying opportunity for this struggling bank stock, says Bank of America
Wells Fargo shares are trading at a discount as concerns about its business swirl, but with the stock likely to rebound, it provides "an attractive buying opportunity," according to Bank of America. The bank has a buy rating on Wells Fargo, with a $95 price target on shares, which implies 20% upside
Leveraged ETF assets double in two months as investors press AI bet
In this article HXSCL HY9H-FF TSMC3'-BR SSNHZ SSU-FF NVDA Follow your favorite stocksCREATE FREE ACCOUNT Traders work at the New York Stock Exchange on May 28, 2026. NYSE Assets in leveraged ETF nearly doubled over two months, as investors scrambled for maximum exposure to the artificial in
Netanyahu says he and Trump have 'tactical disagreements' but agree overall amid Iran war
watch now VIDEO2:3002:30 Netanyahu says he and Trump have ‘tactical disagreements’ but agree overall Squawk on the Street Israeli Prime Minister Benjamin Netanyahu in a wide-ranging interview with CNBC's Sara Eisen in Jerusalem on Wednesday talked about his relationship with President Donald T
Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
watch now VIDEO1:1401:14 Private payrolls grew by 122,000 in May, stronger than expected, ADP reports Squawk Box Private hiring expanded at a brisk pace in May, providing further indication of a stable labor market, ADP reported Wednesday. The payrolls processing firm said companies added 122,
Jim Cramer's top 10 things to watch in the stock market Wednesday
My top 10 things to watch Wednesday, June 3 1. Stocks are little changed this morning after the S & P 500 's record high yesterday. The market is being held back by Iran and tariff uncertainties. The U.S. and Iran traded fresh airstrikes even as President Donald Trump said peace talks were ongoing .
Trump Accounts create a 'legal backdoor' for Roth IRA wealth, tax attorney says
watch now VIDEO5:2405:24 Scott Bessent: Trump accounts sign up 5 million kids, 1.2 million eligible for $1,000 seed money Squawk Box Families have signed up nearly 6 million children for Trump Accounts, set to launch next month. For some, claiming the initial grants — worth up to $1,000 — is t
Apple is breaking out as major developers conference approaches
Apple has broken out to new all-time highs, and the market is beginning to reprice the company as more than just a mature iPhone cycle story. After spending months capped near prior resistance, AAPL has cleared the $300 zone and is now extending higher with strong relative strength. That breakout re
GOP Sen. Tillis slams Trump intelligence pick Pulte: 'Don't think he has a prayer'
Senator Thom Tillis (R-NC) questions Secretary of Treasury Scott Bessent during a Senate Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC on February 5, 2026. Nathan Posner | Anadolu | Getty Images Republican Sen. Thom Tillis on Wednesday blasted President Donald Trump's
Europe unveils tech sovereignty package amid growing concerns over reliance on U.S. tech: 'We want to be sure nobody has a kill switch'
The European Commission on Wednesday proposed a slew of rules intended to bolster homegrown chips, AI and cloud services as the bloc scrambles to develop tech sovereignty amid huge reliance on products and services from the U.S. and China. The proposals, which must be approved by all 27 member state