Author: Daniel snow

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets and trade: Stocks dropped Friday but are still on pace for a solid weekly gain. The market broke down around noon ET after Bloomberg reported that the Trump Administration was planning to broaden restrictions on Chinese tech companies. According to the report, the new rule would require U.S. licenses for transactions with subsidiaries of companies on the U.S. sanctions list. It’s too early to know the impact, if any, this could have on U.S. tech…

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Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018.Source: NasdaqZscaler shares jumped 9% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its zero-trust security platform.”The proliferation of AI in all aspects of business is increasing the need for our AI security,” said CEO Jay Chaudhry in a release. “We empower customers to securely adopt both public GenAI apps and their own private AI apps, and we are increasing our investments in this area.”The cloud security software company said revenues grew 23% to $678 million…

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Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas.CNBCShares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in China and Europe, as the billionaire CEO promised to focus more on his businesses than politics.Tesla shares are on track for an increase of more than 20% for the month.The stock is still down about 12% for the year. Apple is down about 21% year-to-date, the worst of all the megacaps.The bounceback in May comes as President Donald Trump marks the end of Musk’s time as a “special…

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