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☆ 'If it gets hit, we'll buy more,' Jim Cramer says of this cybersecurity firm
▼ + stars: | 2023-05-18 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with Palo Alto Networks Shares of Club holding Palo Alto Networks (PANW) came under pressure Thursday, as investors fled the cybersecurity name over growing recession fears. Morgan Stanley maintained an overweight, or buy, rating on Palo Alto stock, with a price target of $255 per share. Watch Meta Platforms Shares of Meta Platforms (META) initially edged up Thursday on news Montana will become the first U.S. state to ban competitor TikTok . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ China doesn't really care who wins the war in Ukraine — it just wants to win the peace, analysts say
▼ + stars: | 2023-05-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

There's little doubt that China wants the war between Russia and Ukraine to end, and soon. Political analysts and China watchers note that, ultimately, Beijing doesn't really care who "wins" the war — or what form a peace deal takes. Ukraine's President Volodymyr Zelenskyy speaks with Chinese President Xi Jinping via phone line, in Kyiv on April 26, 2023. Russian President Vladimir Putin and China's President Xi Jinping shake hands during a signing ceremony following their talks at the Kremlin in Moscow on March 21, 2023. Any peace will be hard-wonNo-one is underestimating the challenges any would-be peace broker has before them.

☆ Bitcoin mining stocks rally as network congestion stirs hopes for higher fees ahead
▼ + stars: | 2023-05-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's price action has been relatively tame lately, but bitcoin-related stocks are on the rise this week as miners benefit from recent congestion on the network. Transaction fees spiked to at least $40, compared with their normal fees of between $1 and $5. Here's what investors need to know The revenue of bitcoin miners spiked to a one-year high of $41.6 million on Monday, according to CryptoQuant. "The transaction fees that are paid to miners have grown and that's healthy for the long-term viability of security of Bitcoin." On Wednesday, publicly traded bitcoin miners Riot Platform and Marathon Digital gained 6% and 9%, respectively.

☆ The housing market's fluctuations of the last year have left the best forecasters torn on what home prices will do in 2023
▼ + stars: | 2023-04-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

That said, today's newsletter focuses on the housing market — and why economists can't seem to agree on what it's going to do next. Some of the top real-estate forecasters in the world expect home prices to drop in 2023. Zillow forecasts home prices to climb 0.5% this year, and CoreLogic predicts a year-over-year increase of 3.7% by February 2024. Last month's financial turmoil that Silicon Valley Bank kicked off has led many analysts to anticipate a cut or pause in rate hikes, which could lead to fluctuations in housing demand and affordability. Prices in New York rose nearly 2% Wednesday as fears of a global supply shock intensified.

☆ China's strong demand for commodities to overtake post-2008 crisis, mining giant says
▼ + stars: | 2023-03-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

The Australian iron ore giant began business in China with a 180,000-metric ton shipment of iron ore in 2008, according to the company's website. At that time, China managed to avoid a prolonged recession with a massive stimulus program that supported infrastructure development — which drove up demand for commodities. What we're seeing now is uniform demand across China. "What we're seeing now is uniform demand across China," Forrest said, "and uniform demand but increasing, thankfully, in the supply chain, the ecosystem which will create [for the] renewable energy industry." In the six months ended Dec. 31, Fortescue said it shipped a record 96.9 million metric tons of iron ore — up 4% from a year ago.

☆ Don't rule out a 'hard landing' for the US economy and that means it's still 'tough going' for stocks, forecaster says
▼ + stars: | 2023-03-30 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

A 'hard landing' for the US economy is still in the cards as leading indicators suggest it's not out of the woods yet, an ECRI forecaster says. The upturn in economic data earlier this year was 'a flash in the pan,' Lakshman Achuthan told CNBC. The downbeat economic outlook means stocks will continue to struggle, according to him. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. I think it's still tough going for stocks for the time being," he said.

☆ 'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules
▼ + stars: | 2023-03-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Joe Lubin, CEO of ConsenSys and co-founder of Ethereum, told CNBC Thursday that he thought the ecosystem was "generally frustrated." And it's a little bit, you know, sort of a frustrating thing to observe," Nicolas Cary, president of Blockchain.com, told CNBC on Thursday. "I find the talking point that there's a lack of clarity in the securities laws unpersuasive," Gensler said. "Some crypto companies might message that the laws are unclear rather than admitting that their platforms don't have sufficient investor protection." watch nowHe laid out instances where crypto firms come under existing securities laws, such as when a company offers lending products.

☆ Ukraine wants to win China over as Russia's invasion continues. Some say it shouldn't bother trying
▼ + stars: | 2023-03-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen head toward Bakhmut in a BMP infantry fighting vehicle, in eastern Ukraine on March 22, 2023. The Kremlin said Wednesday that Ukraine's "peace formula" had not been discussed by Xi and Putin. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. "I'm not confident that China's plans, and 12-point peace plan, is good for Ukraine — I think that this is a very bad deal for Ukraine, and that this is a plan for Russia. The proposed peace plan and latest talks between Xi and Putin offer little tangible substance on how a lasting peace could actually be achieved in Ukraine.

☆ XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC
▼ + stars: | 2023-03-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The XRP cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a company closely associated with the token, would win its prolonged legal battle with the U.S. Securities and Exchange Commission. Under the plan, Binance's U.S. unit was to buy all of Voyager's assets, including its native VGX token, in a $1.3 billion deal. The SEC rejected the plan, arguing VGX was akin to a security and calling Binance an unregistered securities exchange, according to the notice from Ripple. The SEC accuses Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen of breaching U.S. securities laws by selling XRP without first registering it with the regulator. Ripple contests the SEC's allegations, maintaining the view that XRP should be considered a digital currency rather than a security.

☆ The US is heading for a credit crunch and now is the time to buy gold and bitcoin, Galaxy CEO Mike Novogratz says
▼ + stars: | 2023-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Galaxy Digital CEO said that the US is heading for a credit crunch and economic downturn. "[T]he commodity market is telling you, the oil market is telling you we're heading into a recession." "The commodity market is telling you, the oil market is telling you we're heading into a recession." Gold, meanwhile, rallied 1.37% Wednesday to about $1,937.50, and Brent crude oil, the international oil benchmark, tumbled 5.6% to trade around $73 a barrel. "And so you're going to see a credit crunch happening in the United States and that's starting to get priced into the market in a dramatic way."

☆ As Apple rumors swirl, Chinese rivals launch foldable smartphones to challenge Samsung
▼ + stars: | 2023-03-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The near $1,700 device is Honor's attempt to challenge Samsung in the foldable smartphone market. Foldables hit global marketSamsung launched its first foldable phone in 2019 and really created this category of smarpthones. The Galaxy Fold series opens outwards like a book, while the Galaxy Z Flip opens up like a traditional flip phone. The market expects foldable phone shipments to jump 111% year-on-year to 30 million in 2023. It comes as speculation rises that Apple could be gearing up to launch a foldable device, though it may be an iPad rather than a smartphone.

☆ Motorola confirms a new foldable version of the iconic Razr smartphone is coming this year
▼ + stars: | 2023-03-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Motorola plans to launch the next generation of the Razr foldable device "very soon," according to the CEO of Lenovo. Motorola rebooted the iconic Razr brand in 2020 as a device with a bendable screen. BARCELONA, Spain — A new version of the foldable Motorola Razr will be launched this year, according to the CEO of Chinese technology giant Lenovo which now owns the brand. The Razr is one of the brand's most iconic mobile phones and was first launched by Motorola in 2004. Yang said this is where the next generation of Razr phone would see improvements.

☆ Sweden and Finland's NATO membership is a 'matter of time' amid Turkey negotiations, Swedish foreign minister says
▼ + stars: | 2023-02-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Sweden and Finland are firmly on course to become NATO members this year, Sweden's foreign minister said Wednesday, amid strained negotiations with Turkey over their admittance. Turkey's opposition to Sweden and Finland's NATO membership centers around what, it says, is their harboring of militants from the Kurdistan Workers Party (PKK). Hungary is the other ratification holdout, though local media reported Tuesday that its Parliament could ratify NATO membership for Finland and Sweden early next month. That included preparing to deliver new legislation to the Swedish Parliament in March, he said. He also said that Swedish membership at the NATO summit in July was the goal.

☆ Europe considers a digital currency as it strives to counter U.S. and China's tech dominance
▼ + stars: | 2023-02-16 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The European Central Bank is working on a digital currency as the region seeks to protect itself from tensions with China and the United States. The central bank started investigating the feasibility of a digital euro back in October 2021. Right now, Europe lacks digital platforms," Guido Zimmermann, senior economist at German bank LBBW, told CNBC Wednesday. "Already now more than two thirds of European card payment transactions are run by companies with headquarters outside the European Union," she added. Mastercard , Visa , PayPal, Alipay and UnionPay make up the top global companies for payments.

☆ Russian forces are closing in on the strategic city of Bakhmut, giving Ukraine a tough choice to make
▼ + stars: | 2023-02-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Ukrainian military vehicles drive along a road outside of the strategic city of Bakhmut on January 18, 2023 in Bakhmut, Ukraine. Ukrainian soldiers outside the strategic city of Bakhmut on Jan. 18, 2023, in Bakhmut, Ukraine. Ukrainian servicemen of the artillery unit of the 80th Air Assault Brigade talk near Bakhmut, Ukraine, on Feb. 7, 2023. On Wednesday, Russian media reported comments from a Russian special forces commander, who claimed Russian units were advancing into Bakhmut. Ukrainian security forces talk to an elder woman while the first anniversary of Russia-Ukraine war approaches in Bakhmut, Ukraine on January 25, 2023.

Cooperman says he voted for Biden in 2020, but he accused Democrats of deliberately misleading people about how the billionaire tax proposal would work. The billionaire tax proposal is "completely dead on arrival," said Charles Myers, a 2020 bundler for Biden's presidential campaign and the chairman of Signum Global, an investment advisory firm. Myers said the purpose of Biden's billionaire tax announcement, however, was never to jumpstart a negotiation in Congress. But for some in the party, Biden's billionaire tax contains a fatal flaw. With plans for a billionaire tax stalled in Washington, wealth tax advocates and activists are turning to the states.

☆ Wall Street’s frozen IPO market is thawing as companies take advantage of stock rally
▼ + stars: | 2023-02-09 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange on Wall Street in New York City. Wall Street just pulled off its biggest IPO in four months, giving bankers hope that the market for newly-listed company shares is stirring to life. The solar technology firm Nextracker raised $638 million by selling about 15% more shares than expected, sources told CNBC Wednesday. Wall Street's so-called IPO window, which allows companies to readily tap investors for new stock, has been mostly shut for the past year. "The window seems like it's cracked open right now," Wise told CNBC in a phone interview.

☆ Chinese tech giant Alibaba working on a ChatGPT rival; shares jump
▼ + stars: | 2023-02-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Chinese e-commerce giant Alibaba told CNBC Wednesday that it is working on a rival to ChatGPT, joining the flurry of tech firms to jump on board the chatbot hype. The move comes as tech companies globally look to jump on the excitement generated by ChatGPT, an artificial intelligence chatbot created by OpenAI. ChatGPT falls into the category of generative AI, a type of artificial intelligence that can be used to create text or images. The company did not give a timeline for when it could launch its ChatGPT rival.

[1/2] An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey WassonCompanies Boeing Co FollowFORT WORTH, Texas/WASHINGTON Jan 26 (Reuters) - Boeing Co (BA.N) pleaded not guilty on Thursday to a 737 MAX fraud conspiracy charge felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane's flawed design. U.S. District Judge Reed O'Connor last week ordered Boeing to appear to be arraigned after he ruled that people killed in the two Boeing 737 MAX crashes are legally considered "crime victims." The Justice Department in 2021 agreed to seek dismissal of the charge after the three-year agreement if Boeing complies with all terms. Lawyers for the victims said Boeing admitted under the agreement "that the 737 MAX had an unsafe condition, and that it will not attempt to blame anyone else" for the crash.

☆ Boeing pleads not guilty to fraud charge in 737 Max arraignment
▼ + stars: | 2023-01-26 | by ( ) www.cnbc.com time to read: +2 min

Family members hold photographs of Boeing 737 MAX crash victims lost in two deadly 737 MAX crashes that killed 346 people as they arrive for Boeing CEO Dennis Muilenburg's testimony before a Senate Commerce, Science and Transportation Committee hearing on “aviation safety” and the grounded 737 MAX on Capitol Hill in Washington, October 29, 2019. Boeing pleaded not guilty on Thursday to a 737 Max fraud conspiracy charge felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane's flawed design. U.S. District Judge Reed O'Connor last week ordered Boeing to appear to be arraigned after he ruled that people killed in the two Boeing 737 Max crashes are legally considered "crime victims." The Justice Department in 2021 agreed to seek dismissal of the charge after the three-year agreement if Boeing complies with all terms. Lawyers for the victims said Boeing admitted under the agreement "that the 737 Max had an unsafe condition, and that it will not attempt to blame anyone else" for the crash.

☆ Relatives of 737 MAX crash victims seek monitor for Boeing after plea deal
▼ + stars: | 2023-01-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Jan 25 (Reuters) - Relatives of people killed in two fatal 737 MAX crashes asked a U.S. judge on Wednesday to name an independent corporate monitor to oversee Boeing Co's (BA.N) compliance efforts with a 2021 deferred prosecution agreement. "Only an independent monitor -- the proverbial second set of eyes -- can begin to restore confidence in Boeing and ensure safety of the community," the families said. The Justice Department in 2021 agreed to seek dismissal of the charge after the three-year agreement if Boeing complies with all terms. O'Connor ruled in October that people killed in the two Boeing 737 MAX crashes are legally considered "crime victims." The relatives said in the filing Boeing had "committed the deadliest corporate crime in U.S.

☆ DCG-owned crypto exchange Luno axes 35% of staff, citing market turbulence
▼ + stars: | 2023-01-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin's price this year. Cryptocurrency exchange Luno is the latest company in the industry to make layoffs, setting out to cut 35% of its global workforce. "2022 has been an incredibly tough year for the broader tech industry and in particular the crypto market," the company said in a statement shared with CNBC Wednesday. "Luno unfortunately hasn't been immune to this turbulence, which has affected our overall growth and revenue numbers." A Luno spokesperson told CNBC the layoff measure would have "minimal or no impact on key operating, and compliance teams."

☆ Belarus' exiled opposition leader says trial has 'nothing to do with justice'
▼ + stars: | 2023-01-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Belarus' exiled opposition leader, Sviatlana Tsikhanouskaya, has bene put of trial for charges of treason and attempting to seize power. Belarus' exiled opposition leader Sviatlana Tsikhanouskaya, who was put on trial in absentia this week on treason charges, said she has no hope that she will receive a fair trial. Tsikhanouskaya fled Belarus after Lukashenko seized power in the sharply contested 2020 elections, which were followed by widespread demonstrations over alleged electoral fraud. She was put on trial Tuesday and faces a possible jail term of 15 years on charges of treason and attempting to seize power. Tsikhanouskaya's trial comes amid ongoing concerns over Lukashenko's ties with Russian President Vladimir Putin, and the possible escalation of Belarus' engagement in the war in Ukraine.

☆ We welcome Cisco CEO's upbeat view on the economy, but remain cautious on future order growth
▼ + stars: | 2023-01-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

But it's still unclear whether new order growth will slow down the line, once those previously booked orders are fulfilled. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.

☆ The threat of a transatlantic trade war is dominating Davos
▼ + stars: | 2023-01-18 | by ( Silvia Amaro | ) www.cnbc.com time to read: +6 min

Trade tensions between the EU and the US are dominating the talk in Davos. Transatlantic trade tensions are dominating conversations at the World Economic Forum this week. On the one hand, European officials are saying they will come up with more financial support for European firms. On the other hand, the business community is excited about green subsidies stateside and argue the EU needs to match what the U.S. administration is doing. At the same time we have to support our competitiveness," European Commissioner for Economics, Paolo Gentiloni, told CNBC in Davos.

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