Sarah Jenkins

Markets

SpaceX slides below IPO price as options traders split on sell-off

SpaceX fell 5.5% Friday to about 9% below its IPO price, while options data showed heavy put activity mixed with bullish positioni...

By Sarah Jenkins · 2 months ago

Markets

Anthropic holds early talks to lease AI compute from Meta

CNBC reported that Anthropic is discussing a potential Meta compute lease, as AI labs compete for scarce Nvidia chip capacity.

By Sarah Jenkins · 2 months ago

Markets

Intel drops over 30% in July as CNBC club keeps positive view

Chip shares weakened Friday on AI spending concerns, while CNBC’s Jim Cramer said Intel remains his preferred stock ahead of earni...

By Sarah Jenkins · 2 months ago

Markets

Taco Bell-linked cyclosporiasis outbreak weighs on restaurant shares

CDC linked more than 1,600 illnesses to shredded iceberg lettuce served at Taco Bell sites in five states, prompting supplier scru...

By Sarah Jenkins · 2 months ago

Markets

Chinese carmakers gain ground with UK buyers as imports climb

Chinese-built vehicles are rising sharply in the UK, aided by lower prices, EV demand and a tariff gap with the European Union.

By Sarah Jenkins · 2 months ago

Economics

U.S. import prices rise 0.3% as China costs climb at 18-year pace

BLS data showed June import prices rose against expectations, with goods from China posting their largest monthly increase since J...

By Sarah Jenkins · 2 months ago

Markets

Visa and Cerulli estimates split on scale of US inheritance wave

Visa projects $36tn in boomer inheritances over 20 years, while Cerulli puts broader transfers to heirs and spouses at $106tn by 2...

By Sarah Jenkins · 2 months ago

Markets

CNBC poll shows darker US economic mood weighing on Trump

CNBC’s latest survey finds 61% of Americans pessimistic on the economy, with Trump’s approval at 40% and Democrats holding a narro...

By Sarah Jenkins · 2 months ago

Markets

Deoleo says olive oil market is stabilizing after Spain harvest rebound

The Bertolli owner says Spain’s larger crop has cut raw material prices by 50% and helped bring down supermarket olive oil prices.

By Sarah Jenkins · 2 months ago

Markets

Options skew shows Big Tech earnings optimism, Nations Indexes says

Meta, Microsoft, Amazon, Tesla and AMD show unusually bullish options pricing ahead of earnings, according to Nations Indexes' Ris...

By Sarah Jenkins · 2 months ago

Markets

LeBron James urges Nike to rebuild street-level appeal as shares slide

Nike’s longtime signature athlete said the company should reconnect with communities as its stock remains sharply below its 2021 p...

By Sarah Jenkins · 2 months ago

Markets

SoftBank and Japanese chip names fall as AI trade loses momentum

SoftBank, Tokyo Electron and Advantest dropped sharply after U.S. semiconductor shares sold off and investors questioned AI infras...

By Sarah Jenkins · 2 months ago