Columbus, OH

Nvidia shares experienced a surge in early Wednesday trading, boosted by gains from rival chipmakers and a bullish research note from a top analyst. The stock, which has lost nearly half a billion dollars in market value this month, has suffered its worst performance in almost two years amid slumping chip sales. Investors, worried about Nvidia’s rapid gains over the past six months, have reduced their holdings. They are concerned that major customers like Microsoft, Meta Platforms, and Amazon might reduce capital spending as they seek to monetize their significant AI investments.

Nvidia stock jumps 8.8% after analyst endorsement

The average American believes they'll need to save $1.8 million for their post-work years, according to Charles Schwab's "2024 401(k) Participant Study." However, most Americans in their 50s have much less than that stashed away for retirement. The average 401(k) account balance for people in their 50s is $212,400, as...

Here’s how much money Americans in their 50s have in their 401(k)s

Shares of Serve Robotics jumped on Friday after Nvidia reported a 10% stake in the delivery technology company. The surge echoed that of Soundhound AI, the voice AI company that saw the value of its stock triple in the month after Nvidia disclosed a stake worth just $4 million in mid-February.

A Big Nvidia Stake Sends Another AI Stock Soaring

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate’s study of the best states to retire in 2024.

The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York

Mark Fisher, MBF Clearing Corporation founder and Joe Terranova, Virtus, join 'Closing Bell' to discuss the energy trade.

MBF's Clearing's Mark Fisher says this moment will be the bottom of the energy trade

Alabama State

Living in major U.S. cities means higher housing costs and less space for your money. And when the covid-19 pandemic sparked the rise of remote work, it caused many workers to second-guess living in a major metropolis like New York and San Francisco. Though some companies continue to push in-office...

6 places across the U.S. that will pay you thousands of dollars to move there

Georgia State

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Louisiana State

New Orleans, LA

Daily Coffee Press

A developing tropical disturbance in the Caribbean is showing increasing potential to enter the eastern Gulf of Mexico, intensify, and impact areas along the Gulf Coast, likely between Florida and Louisiana. If the system gains a name, it will be designated Tropical Storm Debby. This system has the potential to bring significant rainfall to the eastern Gulf Coast, and depending on its strength, could also generate hazardous winds and a dangerous storm surge.

Potential Tropical Storm Debby Could Bring Heavy Rain and Strong Winds to Gulf Coast and SE GA

New York Post

Microsoft predicted quarterly growth for its Azure cloud platform below estimates on Tuesday and said its capital spending would rise this fiscal year, in another sign the payoff in hefty AI investments may take longer than first thought.

Shares fell 7% after the company gave the spending forecast on a call with analysts but quickly pared losses to trade down 3% after it said Azure growth would accelerate in the second half of fiscal 2025.

Microsoft – widely seen as the frontrunner in the race to make money from generative artificial intelligence thanks to its tie-up with OpenAI – has been investing heavily to expand its...

Microsoft sends shockwaves through tech sector after signaling AI payoff will take longer

Serving tech enthusiasts for over 25 years. In brief: Intel looks set to join the list of companies that are making massive cuts to their workforces this year. Team Blue is reportedly letting go of thousands of employees as it looks to reduce costs amid increasing pressure from shareholders and a declining market performance.

Intel to eliminate thousands of jobs in cost-cutting move

Gold prices firmed on Friday and were set for a weekly gain, driven by prospects of a Fed rate cut in September and rising tensions in the Middle East, while market participants awaited U.S. nonfarm payrolls data for further direction. Investors will keep a tab on the U.S. payrolls report...

Gold prices set for weekly gain with U.S. payrolls data on tap

Kamala Harris, the de facto Democratic presidential nominee, has been relatively quiet about how she would approach antitrust issues if she were to win the White House against Donald Trump. Wall Street dealmakers said they think of Harris as a clean slate on big business regulation and a prime opportunity...

Kamala Harris has a murky antitrust record. Wall Street sees an opportunity

Ledger CEO Pascal Gauthier joins 'Squawk Box' to discuss the company's new line of crypto wallets, how the company's hardware wallet works, the future of crypto wallets, the politicization of crypto in the U.S., and more.

Ledger CEO on crypto hardware wallets: We designed a tool to protect your secrets

San Francisco, CA

CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

CNBC TechCheck Evening Edition: August 1, 2024

Microsoft’s cloud AI business was on track to earn $1 billion in annual revenue, according to The Information, but the report notes that TikTok may not need these capabilities this heavily if it develops its own large language model (LLM). Last year, my colleague Alex Heath reported that TikTok’s...

TikTok is one of Microsoft’s biggest AI cloud computing customers

President Joe Biden is making another move to forgive student debt for millions of borrowers. The Biden-Harris administration announced Wednesday that it will begin emailing borrowers on Thursday with information regarding its proposed rules to allow the Secretary of Education to forgive debt for certain federal student loan borrowers. The...

President Biden is moving forward with another student debt relief plan—you have until August 30 to opt out

Agnico Eagle Mines President and CEO Ammar Al-Joundi joins 'Mad Money' host Jim Cramer to talk quarterly results, the rising price of gold,

We consider ourselves the 'sleep well at night' gold stock, says Agnico Eagle Mines CEO

Before his pommel horse routine secured USA Men's Gymnastics its first Olympic medal since 2008, cameras showed Stephen Nedoroscik seemingly napping on the sidelines. The 25-year-old American, who was brought to Paris exclusively to be a pommel horse specialist, had his nation's hopes on his shoulders. But he wasn't resting when his eyes were closed, he was visualizing what he had to do next.

Team USA pommel horse specialist Stephen Nedoroscik used visualization to help win an Olympic bronze medal

CNBC's Carl Quintanilla reports on the latest economic data to cross the tape.

June pending home sales widely beats expectations in best print of the year

Everyone needs a bit of resilience at some point in their lives. You might need to bounce back from a tough breakup, learn a seemingly impossible skill at work or recover from a surgery. No matter the form, adversity requires mental toughness and self-reassurance to overcome it successfully. Some people...

3 common phrases mentally resilient people never use, from psychologists and an executive coach

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Intel's forecast is 'most concerning to me', says Moor Insight's Patrick Moorhead

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