CNBC’s Jim Cramer on Thursday said the stocks worth owning here are those of companies that can keep performing at this stage of the business cycle. Cramer highlighted the below stocks of companies that he said are “joyfully oblivious” to the headwinds in the economy. Analysts had expected earnings of 88 cents on $885 million in revenue, according to Refinitiv consensus estimates. “Really, it’s just Microsoft that’s booming, though, thanks to real strength in artificial intelligence and top-notc

Gene Daniel Levoff, a former lawyer in charge of Apple Inc.’s insider trading policy, exits from federal court in Newark, New Jersey, U.S., on Wednesday, Feb. 20, 2019. Former Apple lawyer Gene Levoff was indicted on insider trading charges, the U.S. Attorney in New Jersey said in a press release on Thursday. The government in its indictment alleges that Levoff used inside information from Apple, including financial results before they were published, to trade Apple stock. One of his responsibil

Saul Loeb | AFP | Getty ImagesRegulators have been asking for years whether banks’ use of a narrow set of cloud providers creates a systemic risk to the financial system. As in most breaches that involve a cloud service provider, Amazon has sought to stay at arm’s length from the problem. Capital One also said the breach was the result of a misconfigured firewall within an application built on the cloud, not a flaw of the cloud service itself. Keeping that distance has been in the interests of b

Intel stock jumped as much as 8% in extended trading on Thursday after the chipmaker beat third-quarter earnings expectations and reignited revenue growth. Here are the key numbers:Earnings: Excluding certain items, $1.42 per share, vs. $1.24 per share as expected by analysts, according to Refinitiv. Excluding certain items, $1.42 per share, vs. $1.24 per share as expected by analysts, according to Refinitiv. Intel raised its full-year guidance to $4.60 in earnings per share, excluding certain i

Once a strong proponent of both artificial intelligence and self-driving cars, Wozniak said he doesn’t think either will live up to expectations. Fully self-driving vehicles in particular likely won’t be ready for the real world “in my lifetime,” he said during a tech conference in Las Vegas this week. Wozniak also said he was “suckered in” by Tesla’s promise that it would offer a fully self-driving version of its Autopilot system. While Wozniak still uses his Tesla for long-distance travel, he

But growth in the cloud business moderated from the 37% growth in the prior quarter. 2 player, reported 59% revenue growth from its Azure cloud on Wednesday, though the company doesn’t disclose actual sales figures for the unit. In the third quarter, AWS operating income totaled $2.26 billion, up 9% from the year-ago period and below the $2.55 billion FactSet consensus estimate. AWS operating income grew 8.9%, which works out to the slowest growth in four and a half years. In the third quarter,

Amazon CEO Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Amazon CEO Jeff Bezos, the world’s richest person, just lost a fortune in a single evening. Amazon reported third-quarter earnings Thursday that disappointed investors and sent Amazon stock spiraling down as much as 9% in after hours trading. For Bezos, who owns 57,610,359 shares of Amazon, according to the most recent SEC filing, that means a loss of nearly

“We were wrong,” the Astros said in a statement, referring to the club’s first claim that Taubman’s “inappropriate comments were not directed toward any reporter.” The Houston Astros fired assistant general manager Brandon Taubman on Thursday after initially denying a news article that Taubman had taunted female journalists in the baseball team’s clubhouse about the signing of a pitcher accused of domestic violence. Osuna, while playing with the Toronto Blue Jays, was arrested for alleged domest

For the fourth quarter, Amazon is forecasting operating income to fall between $1.2 billion and $2.9 billion, also below the $4.2 billion street estimate. AWS operating income totaled $2.26 billion, up 9% from the year-ago period but below the $2.55 billion FactSet consensus estimate. For the past four years, AWS has provided the bulk of Amazon’s operating income, so slowing growth could be a drag on earnings going forward. In a prepared statement, Amazon CEO Jeff Bezos highlighted the company’s

A. Wayne Johnson was hired as the chief operating officer of the Office of Federal Student Aid, which manages the country’s $1.6 trillion outstanding student loan portfolio. Just last week, DeVos called Democrats’ plans to erase student debt “crazy.” And 40% of student loan borrowers could default by 2023, according to an analysis by the Brookings Institution. Johnson joins a chorus of government officials and presidential contenders calling for student debt cancellation. “It’s the first Republi

Vice President Mike Pence on Thursday accused the NBA of “acting like a wholly owned subsidiary” of China’s ruling Communist Party after a top Houston Rockets executive enraged that country’s authoritarian leaders with his support of anti-government protestors in Hong Kong. An NBA spokesman said after the tweet that Morey’s views “have deeply offended many of our friends and fans in China, which is regrettable.” On the heels of Morey’s tweet, nearly all of the NBA’s Chinese partners ended or sus

Tesla popped 16.5% Thursday to around $300 per share, meaning short sellers betting against the stock are on track for $1.4 billion in mark-to-market losses on the day — wiping out almost 70% of short sellers’ year-to-date profits, estimates S3 Analytics. “Short sellers are, as Elon Musk stated earlier in the year, ‘feeling the burn,'” wrote Ihor Dusaniwsky, managing director at S3. “Prior to today’s price move TSLA short sellers were up +$2.00 billion in mark-to-market profits, this is down fro

With Pokémon Sword and Shield’s November release date around the corner, developer Game Freak has started ramping up the promotions for the monster-collecting game. The latest ad, while short, is a joy to watch — I’d totally play an entire game that mixes retro pixels with realistic backgrounds. It seems that, despite all the controversy about the Galar Pokedex not including the entire roster, Sword and Shield’s compendium is still enormous. Some of the pals you can spot here, such as Remoraid a

The Last of Us Part 2 has been delayed to May 29, 2020, developer Naughty Dog and Sony Interactive Entertainment said on Thursday. Naughty Dog and Sony announced a February launch for the PS4 game just last month alongside new gameplay previews and a new trailer for The Last of Us Part 2. At this point we were faced with two options: compromise parts of the game or get more time. We wish we could’ve foreseen the amount of polish we needed, but the size and scope of this game got the better of us

Watch Dogs: Legion has been delayed, Ubisoft said in a note to investors this morning. Originally given a March 3, 2020 launch, the publisher says it will now show up in its 2020-21 fiscal year, which begins in April. Ubisoft billed the delay as a “decision to increase development time.” Also delayed into the next fiscal year are Rainbow Six Quarantine, the followup to the tactical multiplayer series also announced at E3 2019, and Gods & Monsters, a new, open-world role-playing game that seems t

Get The Outer Worlds via Game Pass for PC, Xbox OneOn PC and Xbox One, there’s a way cheaper option than buying the game outright: The Outer Worlds is included in Xbox Game Pass on both platforms at launch. Microsoft also offers Xbox Game Pass Ultimate, which bundles access on both platforms with an Xbox Live Gold subscription, for $14.99 per month. There’s an introductory offer where new customers can get their first month of PC Game Pass or Game Pass Ultimate for $1. If you want to play The Ou

Michael “Shroud” Grzesiek, one of Twitch’s most popular streamers, is making the switch to Mixer, Microsoft’s live streaming service. Grzesiek announced the move by tweeting out a short video on Thursday morning along with the caption, “same shroud. new home.”This move comes just two months after Fortnite streamer Tyler “Ninja” Blevins, another of Twitch’s most popular personalities, made the move to Mixer. However, as part of the move, Mixer is offering viewers a free month-long subscription to

The launch of Fallout 76’s premium subscription, Fallout 1st, could not be going worse. First, the ostensible reason to fork over money in the first place — long-requested private servers — doesn’t seem to deliver what it promises. One reported bug seems to involve using the Scrap Box in another player’s world, and then finding the deposit has vanished both there and in the player’s own private world. Fallout 1st is described as both a “one-month waste your money membership” and a “yearly cash b

Wall Street analysts reacted with pleasant surprise after Tesla’s earnings report topped expectations on Wednesday after the bell. The company posted a third quarter profit and said it was ahead of schedule on production of its Model Y and Shanghai factory. Shares of the company were up as much as 20% after Wednesday’s report and opened up over 19% in early trading. “The +20% move in the aftermarket likely says it all, but Q3 was a good quarter for Tesla,” analyst Toni Sacconaghi wrote to client

Despite Ford’s strong beat on earnings, Deutsche Bank says the automaker is in for a rough ride the rest of the year. The firm downgraded Ford to hold from buy and lowered its price target to $11 from $12, after Ford lowered its earnings guidance for the rest of the year.