Author: Daniel snow

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 hit a new record high on Friday as investor optimism builds that trade deals are coming. The U.S. and China confirmed an agreement that would allow for rare earth exports along with easing of technology restrictions. Core PCE, the Federal Reserve’s favorite measure of inflation, came in slightly ahead of expectations and bond yields are unchanged. “Basically, the data is not going to impact the market,” Jim Cramer said.…

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Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better than feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on key Nike manufacturing hubs like China and Vietnam would derail the company’s comeback.Nike posted a poor fourth quarter, as sales dropped 12%, net income plunged 86% and profit margins dwindled. But CEO Elliott Hill stressed the company has emerged from the worst of its slump, and…

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Once synonymous with indulgent late-night snacks, hotel minibars were a hallmark of convenience for travelers in the 1990s and the early aughts. But that is not longer the case.The hotel minibar concept went global in 1974, when a Hilton in Hong Kong stocked its in-room fridges with tiny liquor bottles inspired by airline bar carts. Drink sales reportedly soared 500% that year, boosting Hilton’s overall revenue by 5%. Soon, minibars became a global standard, complete with sodas, candy and consistent brand-name selections.But the convenient novelty for guests was a logistical nightmare for hotels and staff. Restocking, food spoilage, operational costs…

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Microsoft’s Majorana 1 quantum computing chipMicrosoftIt doesn’t quite have the buzz of artificial intelligence, but quantum computing is having a moment of its own.Some of the most powerful institutions in the world, including Google, Microsoft, Amazon, IBM and the U.S. government, are spending many millions of dollars in a race to develop and build the first practical quantum computer.Startups focused on quantum technology attracted about $2 billion last year, according to a McKinsey & Co. report, as investors pile into an industry that could have nearly $100 billion in revenue within a decade.There isn’t much business today, though. In total,…

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