Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.
Rivian announced plans to raise capital by selling ~75 million shares, surprising investors and causing the stock to drop. The author argues this is a necessary move for manufacturing and believes the dilution is minor, presenting a potential buying opportunity.
Jim Cramer's CNBC Investing Club recap: Stocks fell amid Iran tensions, impacting airlines and banks. Broadcom shares rose on Apple partnership details. Old Dominion Freight Line upgrade viewed positively for FedEx Freight. Cramer urged discipline and avoiding greed.
New research from George Mason University's Mercatus Center warns that delaying Social Security reform could negatively impact the bond market and the broader U.S. economy. With the Old-Age and Survivors Insurance trust fund projected to deplete in Q4 2032, inaction may lead to increased borrowing, higher interest rates, and a potential fiscal crisis.
Jim Cramer's Charitable Trust is selling its remaining 118 shares of Arm Holdings for approximately $303.46 per share, exiting the position entirely. The sale aims to secure a 75% gain on the stock, purchased in April, amid concerns about the AI buildout trade and increased supply in the semiconductor market.
Despite new GLP-1 drugs and Medicare coverage, most employers aren't covering them for weight loss due to high costs. Many are exploring alternative support methods for employees.
Delta Air Lines is launching a new 'Basic' fare for its business and first-class cabins, removing perks like free seat selection and lounge access. This move aims to maximize revenue from high-spending customers by offering tiered options.
