We want to buy on market weakness

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Thursday’s key moments. We have no choice but to buy Quick mentions: MRVL, LLY, NVDA, META 1. We have no choice but to buy Stocks slumped on Thursday, continuing their losing streak after … Read more

California to require social-media companies to disclose hate-speech, disinformation policies

SACRAMENTO, Calif. — California will impose first-of-its-kind requirements on social media companies to publish their policies for removing disturbing content including hate speech, with details on how and when they remove that content, under a bill signed into law by Democratic Gov. Gavin Newsom. “California will not stand by as social media is weaponized to … Read more

Tech stocks crushed in market selloff

A trader works at the New York Stock Exchange NYSE in New York, on Aug. 26, 2022. Xinhua News Agency | Getty Images The six largest US tech companies lost more than $500 billion in value Tuesday after an unexpectedly high August inflation report sent tech stocks tumbling. The consumer price index was up 0.1% … Read more

Meta leads social-media stock slide as inflation numbers add to economic jitters

Meta Platforms Inc. is leading the sharp turn lower in social-media stocks after the consumer price index unexpectedly moved higher during August, indicating that inflation remains rampant despite declines in gas prices relative to earlier in the summer. The 7.6% drop in shares of the Facebook parent company Tuesday afternoon comes amider declines for US … Read more

‘Big Short’ Michael Burry hints we are in the middle of a market bubble popping akin to ’08 and ’00

“The Big Short” investor Michael Burry, best known for calling the subprime mortgage crisis, issued another dire prediction in a cryptic tweet, hinting that a 2000 and 2008 style market bubble could be on its way to popping in 2022. The founder of Scion Asset Management appeared to make a checklist for signs of a … Read more

Snap confirms 20% job cuts and announces business restructuring

Snap shares rose as much as 15% after it confirmed reports it will cut 20% of its more than 6,000-person workforce and said it will scrap several projects, including its Pixy photo-taking drone and its lineup of Snap Originals premium shows. CEO Evan Spiegel announced the moves in a memo Tuesday, and told employees the … Read more

Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle

US stocks tumbled Friday, with the Dow Jones Industrial Average closing down more than 1000 points for its worst daily percentage drop since May, after Federal Reserve Chair Jerome Powell said the central bank will continue its battle against inflation “until the job is done” of getting the cost of living back to its 2% … Read more

Meta Horizon vice president Vivek Sharma is leaving the company

Facebook is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the US and Canada. Courtesy of Meta The vice president of Meta’s Horizon social media virtual reality software, Vivek Sharma, is leaving the company, a spokesperson said Friday. Sharma has been with Facebook parent Meta for the … Read more

Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Some market gurus are starting to worry that the summer rally on Wall Street may be starting to fizzle, after stocks lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans … Read more

Walmart lays off corporate employees after slashing forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart has begun to lay off corporate employees, the company confirmed Wednesday, about a week after it slashed its profit outlook and warned that consumers had pulled back on discretionary spending due … Read more