Jim Cramer says Activision Blizzard is a buy, but wait on Take-Two Interactive

CNBC’s Jim Cramer on Tuesday said Activision Blizzard is better positioned in the short term than rival Take-Two Interactive. Both video game companies reported earnings this week. Activision Blizzard Shares of Activision Blizzard rose about 5.6% Tuesday after the company reported a revenue beat in its most recent quarter. Cramer said that while all eyes … Read more

Cramer’s lightning round: Parker-Hannifin is a buy

Parker-Hannifin Corp: “It’s just the kind of industrial I’ve been recommending. … I would buy it here.” Conocophillips: “That thing is like a fine Merlot, my friend. I would buy all you can right here.” Snowflake Inc: “I like Snowflake. I will go with [CEO Frank] Slootman. He is a money maker.” Zscaler Inc: “The … Read more

Jim Cramer says to not lose sight of investing fundamentals despite the bull market

CNBC’s Jim Cramer on Tuesday told investors to stay selective with stocks despite the market’s strong run. “I just want you to have a real earnings cushion with real buybacks or real dividends — ideally both — and I can’t feel comfortable recommending anything without them,” he said. The market rose on Tuesday after Fed … Read more

Microsoft will let companies create their own custom versions of ChatGPT, source says

Microsoft plans to release software to help large companies create their own chatbots similar to ChatGPT later this year, CNBC has learned. In the two months since startup OpenAI released ChatGPT to the public, it has become a hitimpressing people with its ability to spit out comments on a wide variety of topics and in … Read more

Stocks making the biggest moves after hours: Chipotle, Enphase Energy, Fortinet and more

A Chipotle restaurant in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Check out the companies making headlines after hours. Chipotle Mexican Grill — Shares fell more than 4% in extended trading after Chipotle Mexican Grill missed analysts’ expectations on the top and bottom lines. The burrito chain reported earnings of $8.29 … Read more

Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales

A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may finally be alienating customers. In October, CEO Brian Niccol said the company saw “minimal resistance” to higher prices for … Read more

Americans are becoming ‘reluctant’ to make larger purchases, new Fed report shows | CNN Business

Minneapolis CNN — As retail sales took a bit of a breather in Decemberso did the credit cards. US consumers’ outstanding credit grew by $11.56 billion to end the year, according to Federal Reserve data released Tuesday. It’s the lowest monthly gain since January 2021 and well below economists’ expectations of $25 billion. For much … Read more

Delta raises employee pay 5%, second increase in a year

Nurphoto | Nurphoto | Getty Images Delta Air Lines is raising employee pay 5%, the second time its lifted staff pay in less than a year as a sharp rebound in travel boosts the carrier’s profits and the U.S. labor market remains tight. Delta raised employee pay 4% in May, the first increases since before … Read more

Inflation Reduction Act has spurred 100,000 new green jobs so far: Here’s where they are

A quality control worker checks a solar panel at the Hanwha Q Cells solar cell and module manufacturing facility in Dalton, Georgia, on Thursday, Oct. 6, 2022. Elijah Nouvelage | Bloomberg | Getty Images Since President Joe Biden signed the historic Inflation Reduction Act into law last August, companies have announced more than 100,000 clean … Read more

Fed Chair Powell: Inflation fight will take ‘a significant period of time’ | CNN Business

Minneapolis CNN — The US labor market remains “extraordinarily strong” and Friday’s monster jobs report underscored that the central bank has more work to do to bring down inflation, Federal Reserve Chairman Jerome Powell said Tuesday. “We didn’t expect it to be this strong,” Powell said of the January jobs report, which showed the US … Read more

Microsoft unveils revamped Bing search engine using AI technology more powerful than ChatGPT | CNN Business

Seattle CNN — Microsoft on Tuesday announced a revamp of its Bing search engine and Edge web browser powered by artificial intelligence, weeks after it confirmed plans to invest billions in OpenAI, the company behind ChatGPT. With the updates, Bing will not only provide a list of search results, but will also answer questions, chat … Read more

Used vehicle prices swing higher amid unseasonably high demand in January

A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the largest increase in wholesale values since late 2021, according to new data Tuesday from Cox Automotive. The automotive data firm’s Manheim Used Vehicle Value Index … Read more

Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy

A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least for now. The beleaguered home goods retailer is expecting to receive more than $1 billion in … Read more

Hertz fourth-quarter profit beats as costs come down and travel rebounds

Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world. The company also benefited from improved operating performance, CEO Stephen Scherr told CNBC, helping to boost earnings even as revenue came in roughly in line … Read more

What will TV look like in three years? These industry insiders share their predictions

Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of what’s about to happen to a transitioning industry are unclear. CNBC … Read more

Stocks making the biggest moves premarket: Chegg, Baidu, Bed Bath & Beyond, Hertz and more

A screen displays the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York, November 9, 2021. Brendan McDermid | Reuters Check out the companies making headlines before the bell: Chegg — Shares dropped 22.7% following its earnings report Monday . The company gave first-quarter and full-year … Read more

5 things to know before the stock market opens Tuesday

U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, U.S., February 1, 2023. Jonathan Ernst | Reuters Here are the most important news items that investors need to start their … Read more

Jill Biden’s State of the Union guests include Tyre Nichols’ parents, Bono, Ukraine ambassador, Paul Pelosi | CNN Politics

CNN  —  Paul Pelosi, Tyre Nichols’ parents, U2 star Bono, Monterey Park shooting hero Brandon Tsay, Ukraine’s ambassador to the US Oksana Markarova and a Holocaust survivor are among those headed to the US Capitol Tuesday evening where President Joe Biden is set to deliver his State of the Union address. Biden’s remarks will both … Read more

Los Angeles Lakers are the hottest ticket in town as LeBron James closes in on NBA history | CNN

CNN — In any other season, tickets to watch a team languishing in 13th place in the Western Conference of the NBA, would not be too difficult to come by. However, even as the Los Angeles Lakers’ on-court failures continued on Saturday with defeat to the New Orleans Pelicans, LeBron James’ quest to become the … Read more

Residents are still being urged to stay away after a controlled release of a toxic chemical at the site of a fiery train derailment in Ohio | CNN

CNN — After crews in East Palestine, Ohio, performed a controlled release of an unstable, toxic chemical that threatened an explosion at the site of derailed train, evacuated residents are still being urged to stay away Tuesday amid the wait for the fire to die down. A boom was heard and a large plume of … Read more

Chinese search engine giant Baidu announces ChatGPT-style AI bot | CNN Business

Hong Kong CNN — Chinese search engine giant Baidu says it will be launching its own ChatGPT-style service. It will launch a new artificial intelligence chatbot called “Wenxin Yiyan” in Chinese, or “Ernie Bot” in English, a spokesperson told CNN on Tuesday. Baidu (START) is currently testing the project internally and will likely roll out … Read more

Cramer’s lightning round: Steel Dynamics is an excellent company

Nucor Corp: “I personally think that Nucor has moved up too much. … I have my eye on $160 to $165 and not before that.” C3.ai Inc: “This stock has run up as part of the almost meme-like interest in [artificial intelligence]. … Ring the register.” Jim Cramer’s Guide to Investing Click here to download … Read more

Southwest and FedEx jets came within 100 feet of collision at airport in Texas, investigators say | CNN

CNN — A Southwest passenger jet and a FedEx cargo plane came as close as 100 feet from colliding Saturday at the main airport in Texas’ capital, and it was a pilot – not air traffic controllers – who averted disaster, a top federal investigator says. Controllers at Austin’s international airport had cleared the arriving … Read more

Charts suggest investors should brace themselves for declines in the S&P 500, Cramer says

CNBC’s Jim Cramer on Monday warned investors to brace for market turbulence ahead by consolidating their portfolios. “The charts, as interpreted by Carolyn Boroden, suggest that the incredible rally in the S&P 500 might be running out of steam,” he said, adding, “She’s not necessarily saying we’re headed for a brutal near-term decline, but you … Read more

Jim Cramer says the economy is headed for a soft landing

CNBC’s Jim Cramer on Monday told investors that he thinks the Federal Reserve will steer the economy to a soft landing. “The only outcome is a soft landing for the economy, which means it’s foolish to sell now since you’ll only end up buying back those same stocks at higher levels in order to get … Read more