If history is any guide, small stocks could get an outsized boost from a Federal Reserve rate cut Wednesday and any that may follow the rest of the year. The U.S. central bank is almost universally expected to lower its federal funds rate by 25 basis points — or a quarter percentage point — at the end of its two-day, September meeting. The CME FedWatch Tool shows that the market has priced in a 96% probability of a quarter-percentage-point cut and just a 4% chance that the Fed cuts by a half-percentage point. While most asset classes stand to benefit…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Wednesday, and what’s on the radar for Thursday’s session. Meta We expect to learn more about the company’s glasses tonight at the Meta Connect Summit and will have full analysis starting at 5 a.m. ET on “Worldwide Exchange” with CNBC’s Frank Holland. Meta shares are up 5% in September. The stock is 2.6% from the high hit a month…
Nscale, the UK-headquartered AI infrastructure provider.Courtesy: NscaleTwo years ago, Nscale was a brand new startup in the U.K. that had yet to raise any outside funding or officially announce its existence.Last year the London-based company came out of stealth, and in December announced that it had raised its Series A fundraising, totaling $155 million.Now, Nscale finds itself at the center of the action in the hottest market on the planet: artificial intelligence. And it has close to $700 million in fresh capital from Nvidia, the world’s most valuable company.In press releases on Tuesday, Nscale was named as an AI infrastructure…
Katie Lee says what she describes as a “traumatic” experience giving birth in the U.S. made her question if she wanted a second child. A move abroad to Taiwan helped her reconsider.Lee, 34, moved to from Columbus, Ohio to Taipei, Taiwan in July 2024 with her husband, Jason, and 5-year-old son, Forrest. The couple saved up for a 13-month career break in time for their son’s kindergarten year so they could spend more time with his paternal grandparents overseas.Lee says preparing for their year-long sabbatical made her revisit plans for a second baby. Enough time had passed for her to…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July.Text removed from the July statement is in red with a horizontal line through the middle.Text appearing for the first time in the new statement is in red and underlined.Black text appears in both statements.Zoom In IconArrows pointing outwards Source link
Miami-based home builder Lennar looks to build upon its recent winning ways since bottoming in April. Shares had fallen as much as 47% from their September 2024 peak, but are starting to see their fortunes turn around. Interest rates play an integral role in their success and the anticipation of Fed rate cuts and a drop in mortgage rates has led to a nice rally. We will discover how much that rally continues after the Fed decision Wednesday afternoon and when it reports its individual results on Thursday after the bell. Shares have fallen after each of the last eight…
U.S. Federal Reserve Chair Jerome Powell walks away at the end of a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | ReutersThe Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut that will take its benchmark down to a target range of 4%-4.25%, its lowest in nearly three years. In addition, the central bank’s Federal Open Market Committee provided signals of what’s down the road.Here are five key takeaways from the meeting along with Chair Jerome…
Live Nation CEO Michael Rapino and Smith Entertainment Group CEO Ryan Smith said this week that live events are more central than ever to culture and commerce in a post-pandemic world.Speaking at CNBC Sport and Boardroom’s Game Plan conference on Tuesday, the executives said that the high demand for in-person events has been unmistakable.”No matter what you bring to that table that day, you unite around that one shared experience,” Rapino said. “For those two hours, I tend to drop whatever baggage I have and have a shared moment.”According to Goldman Sachs, the live music industry is expected to grow…
DoubleLine Capital CEO Jeffrey Gundlach is getting so bullish on gold that he is saying investors could hold up to a quarter of their portfolios in the metal, far above what normal portfolio recommendations set for commodities. Gundlach, whose firm managed about $95 billion at the end of 2024, believes gold will continue to stand out amid an already stellar year on the back of inflationary pressures and a weaker dollar. “I think almost certainly gold will close above $4,000 before the end of this year,” Gundlach said on CNBC’s ” Closing Bell. ” His forecast represents a 7% upside…
