CNBC Business News Update Market Close: Stocks Mixed, Nvidia Goes Positive For The Year, Boeing Gets Major Jet Order From Qatar, HBO Max Is Back 5/14/25
May 14, 2025
The stock market shows mixed performance, with NVIDIA surprising everyone by turning positive for the year. Boeing celebrates a major jet order from Qatar, boosting its outlook. On the streaming front, HBO Max rebrands while Netflix thrives with its ad-supported tier. Spring home sales rebound, egg prices drop, and excitement builds for upcoming financial reports and the PGA Championship. Tune in for expert insights on these hot topics!
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Tech Giants Turn Profitable
- Nvidia, Meta, and Microsoft are now trading above their yearly break-even points, highlighting their strong market performance.
- This shift is notable as they are part of the Magnificent Seven, demonstrating tech sector resilience.
Qatar's Huge Boeing Jet Order
- Qatar has placed what is called the biggest 787 Dreamliner order ever, involving up to 210 jets, with a firm 160 ordered.
- This order also benefits GE Aerospace as the primary engine provider for these planes.
HBO Max Brand Revival
- Warner Brothers Discovery is rebranding its streaming service to HBO Max, reviving the powerful HBO brand.
- CEO David Zasloff believes the HBO name represents the highest quality media and will boost growth.