Job growth unexpectedly surged in May as the U.S. labor market continued a solid year of expansion, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls jumped a seasonally adjusted 172,000 for the period, down slightly from the upwardly revised 179,000 in April and far above the Dow Jones consensus estimate for 80,000. The unemployment … Read more
Corporate America is trying to figure out how to rein in rising artificial intelligence spending. That’s helping payment software giant Ramp. The spend-management company announced a $750 million funding round at a $44 billion valuation on Thursday. The round was led by ICONIQ, GIC and Ontario Teachers’ Pension Plan, and marks a roughly 38% step … Read more
Morgan Stanley’s office in Canary Wharf financial district on Jan. 30, 2025 in London, UK. Mike Kemp | In Pictures | Getty Images Morgan Stanley will soon open a key wealth management funnel to artificial intelligence agents from thousands of corporations, CNBC has learned exclusively. It’s one of the earliest instances of a major Wall … Read more
Hewlett Packard Enterprise rings the Opening Bell at the New York Stock Exchange on Oct. 15, 2025. NYSE Shares of Hewlett Packard Enterprise surged 25% Tuesday, pacing for its biggest daily gain ever as the company posted its biggest earnings beat since 2018. The stock is looking to set a new intraday all-time high. Artificial … Read more
Matthias Balk | Picture Alliance | Getty Images Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand. … Read more
Shares of Dell Technologies skyrocketed 32% on Friday after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018. The stock is pacing for its best day ever. Dell, which reported first-quarter earnings after the bell on Thursday, saw a flood of artificial intelligence-related demand … Read more
Chirayu Rana’s lawyer exits the case and informs the court that Rana himself will represent his case against Lorna Hajdini. At the first hearing of the high-octane Chirayu Rana case where the Nepali-origin ex-JPMorgan banker alleged sexual harassment by co-worker Lorna Hajdini, Chirayu Rana’s lawyer informed the court that he will be exiting the case. … Read more
The China stock play right now is to focus on artificial intelligence-related names, regardless of the slower economic growth , several analysts said. “AI is the cleanest and most obvious theme right now,” said Leonid Mironov, portfolio manager at Gavekal. More than half of the holdings in his new China stock fund, just approved in … Read more
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Trading profits in equities, fixed income, commodities and currencies come and go on Wall Street. They’re a helpful contributor to the bulge brackets’ earnings per share, but they do nothing for … Read more
The yen gained on Wednesday following a rally in Japan’s equities and bets on more fiscally responsible policies after Prime Minister Takaichi’s election win. Yevgen Romanenko | Moment | Getty Images Japan’s largest banks posted record annual profits in their latest financial results, but earnings growth could slow as credit costs rise and geopolitical risks … Read more