Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at the central bank’s December meeting, saying he’s grown concerned over the labor market and the sharp slowdown in hiring.In an increasingly divided Fed, Waller’s comments put him squarely in the camp of those looking to ease monetary policy to head off further danger in the jobs…
Author: usaeverydaylife
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in the retail sector with a focus on jewelry and the dip in high beta names tied to the artificial intelligence trade. Worldwide Exchange pick: Signet Jewelers (SIG) Erin Gibbs of the Slatestone Wealth sees big upside in Signet Jewelers going into the holiday season with a near-term tailwind of the government shutdown ending and workers getting back pay in time for holiday spending. “The holidays, we see…
Jensen Huang, CEO of Nvidia, reacts during the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | ReutersArm on Monday said that central processing units based on its technology will be able to integrate with AI chips using Nvidia’s NVLink Fusion technology.The move will make it easier for customers of both companies who prefer a custom approach to their infrastructure — namely hyperscalers —to pair Arm-based Neoverse CPUs with Nvidia’s dominant graphics processing units.It’s the latest example of Nvidia using dealmaking to partner with nearly every major technology company as it finds…
Igor Golovnov | Lightrocket | Getty ImagesData center stocks took a major hit on Monday after Morgan Stanley downgraded seven hardware companies, including Dell and Hewlett Packard Enterprise.The bank double-downgraded Dell from overweight to underweight and downgraded HPE from overweight to equal weight.Dell and HPE closed down 8% and 7%, respectively.HP Inc, Asustek and Pegatron were also downgraded from equal weight to underweight, while Gigabyte and Lenovo were lowered from equal weight to overweight. All companies saw shares dip as much as 6%.Morgan Stanley analysts wrote that computer makers are in the midst of an unprecedented pricing “supercycle,” as hyperscalers…
Billionaire investor Stanley Druckenmiller made a notable return to megacap technology last quarter, rebuilding sizable stakes in Amazon and Meta , while placing a fresh bet on newly public stablecoin issuer Figure Technology , according to a new regulatory filing. Druckenmiller’s Duquesne Family Office initiated a $96 million position in Amazon and a $56 million holding in Meta during the third quarter. Both stocks have been familiar trades for the famed macro investor, who has moved in and out of them over the past several years as he navigated shifting market cycles. Duquesne also opened a $77 million position in…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Caution continues to eclipse conviction into a new week, with investors pondering unresolved questions over the AI sector, anxiety over an economic soft patch under a wait-and-see Fed and a further purge in the most aggressive assets (high-beta/low-quality stocks, crypto, riskier credit). The S & P 500 has been under pressure from big year-to-date winners and risk-appetite proxies such as Nvidia , Palantir and Robinhood , and the index is now spending quite a bit of time near…
Govini founder Eric Gillespie urged a person whom he believed to be a dad offering his 10-year-old daughter to be sexually abused to use encrypted chat platforms, a Pennsylvania criminal complaint alleges.”Signal is safer for er small talk,” Gillespie wrote to the purported father, who was actually an undercover law-enforcement agent, according to a transcript of a chat included in the criminal complaint obtained by CNBC.Gillespie then wrote that Session, another commonly used end-to-end encrypted platform, is “fine but less secure” than Signal, the filing says.While chatting in Session, he sent the agent multiple photos of a “recent playmate” wearing…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) Nvidia’s quarterly report this week is the biggest catalyst to watch in the current “bend but don’t break kind of market,” New York Stock Exchange insider Jay Woods tells traders. Nvidia — set to report after the bell on Wednesday — is expected to inform Wall Street on the strength of the artificial intelligence trade moving forward, particularly with the tech-heavy Nasdaq Composite on track to snap a seven-month win streak. The chipmaker’s…
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. Market update: Stocks are trading lower Monday, extending the market’s recent struggle to find its footing. Concerns about stretched valuations, particularly in the technology sector, along with debt-driven spending on data centers and AI with uncertain returns, weighed on stocks. Amazon is seeking to raise $15 billion through a bond sale, its first in three years, Bloomberg reported Monday, which will help the cause. Deals like this also benefit the large…
Acting Administrator of the Federal Emergency Management Agency (FEMA) David Richardson testifies before the House Committee on Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings, and Emergency Management in the Rayburn House Office Building on July 23, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesDavid Richardson, the acting head of the Federal Emergency Management Agency, is stepping down, according to a senior Trump administration official, ending a troubled tenure just six months into the job and while the Atlantic hurricane season is underway.Richardson, a former Marine Corps officer, is the second FEMA head to leave or be fired…
