Mainland China’s total daily Covid cases soar above Shanghai lockdown highs

Only a few vehicles, including one with two health workers, drive through Beijing’s central business district on Nov. 23, 2022, as the area has announced tighter Covid controls. Kevin Frayer | Getty Images News | Getty Images BEIJING — Mainland China reported more than 31,000 Covid infections for Wednesday, including cases without symptoms. That surpassed … Read more

What to know before you shop

Holiday Shoppers Seek Out Deals On Black Friday Spencer Platt | Getty Images Black Friday is a popular time to buy TVs, but it can also be intimidating if you don’t know what you need. There are so many TV specifications that make shopping for one overwhelming and confusing. It’s like an acronym assault. What … Read more

Reports of possible Meta layoffs could point to ‘self-help’ moment for megacap stocks

This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. The split market persists, with enough strength in energy, industrials and other value areas taking up the slack in recent weeks from reeling mega-cap growth shares — which themselves are finally bouncing from new lows. … Read more

What Cramer is watching Monday — midterm election, Apple in China, cloud collapse

U.S. stock futures bounced after breaking multiweek weekly winning streaks.

Apple warns Covid restrictions in China are hurting iPhone production

After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. VCG | Getty Images Apple said in a statement on Sunday that it has temporarily reduced iPhone 14 production because of Covid-19 restrictions at its primary iPhone 14 … Read more

Apple and Google stocks just had their worst week in more than two years

Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic this week, as Big Tech companies continued to draw closer scrutiny from Wall Street. Apple’s stock AAPL, -0.19% finished down 11.2% on the week, its worst weekly performance since the week that ended March 20, … Read more

Companies look to diversify as China’s Covid controls take a toll

After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — China’s decision to maintain Covid controls is pushing companies to look to factories outside the country, according to … Read more

What to do if you’re worried about tech exposure in your portfolio

marekuliasz | iStock | Getty Images Some big names suffered large stock losses last week as they reported earnings. Four companies — Google parent Alphabet, Amazon, Facebook parent Meta and Microsoft — collectively shed more than $350 billion from their market cap, the measure of the total value of all of their shares of stock. … Read more

China’s factory activity fell in October bogged down by Covid controls

China’s factory activity declined in October, official data showed Monday. Pictured here on Oct. 27, 2022, in Jiangsu province is an aluminum products company. Vcg | Visual China Group | Getty Images BEIJING — China’s factory activity fell in October due to frequent Covid outbreaks, the National Bureau of Statistics said Monday. The official purchasing … Read more

The Dow soars, Big Tech tumbles: What’s next for stocks as investors await Fed guidance

The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a shellacking that had market veterans recalling the dot-com bust in the early 2000s. “You have a tug of war,” said … Read more