CNBC’s Jim Cramer on Monday told investors why he believes that a government shutdown won’t have a major effect on the market, looking back at how stocks have reacted to shutdowns in the past. He said his primary concern is that the shutdown will delay the release of key economic data that informs the Federal Reserve’s decision on interest rates.”When it comes to government shutdowns, my message is simple: keep calm and carry on, because the stock market tends to do just fine in these situations,” Cramer said.Prediction markets are pricing in about a 70% chance that the federal government…
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U.S. President Donald Trump signed a proclamation on Monday to set a 10% tariff rate on imports of lumber and 25% on vanities, kitchen cabinets and upholstered wooden products, the White House said.Andrew Harnik | Getty Images News | Getty ImagesU.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on imported kitchen cabinets, bathroom vanities and upholstered furniture, with the rate on the latter categories to jump next year.Trump signed a presidential proclamation laying out his argument that timber, lumber and furniture imports are eroding U.S. national security to justify the new duties under Section 232 of the Trade Act of 1974.The proclamation said the…
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty ImagesChina’s official gauge for manufacturing activity showed a smaller-than-expected contraction in September as Beijing intensified its efforts aimed at curbing industrial overcapacity amid sluggish domestic demand and global trade disruptions.The Manufacturing Purchasing Managers’ Index came in at 49.8, data from the National Bureau of Statistics showed, compared with expectations for 49.6, according to a Reuters poll. That reading, while still in contraction, was the strongest since March.China’s…
A sign outside the Serbia Zijin Mining complex, operated by Zijin Mining Group Co., in Bor, Serbia, on Thursday Aug. 24, 2023.Bloomberg | Bloomberg | Getty ImagesZijin Gold shares surged over 60% Tuesday as the Chinese miner’s international unit made its trading debut in Hong Kong.The company had raised nearly 25 billion Hong Kong dollars (about $3.2 billion) with shares priced at HKD$71.59 apiece, making it the world’s second-largest initial public offering after battery giant CATL’s listing earlier this year.Zijin Gold’s debut, which was delayed by a day due to the impact of Super Typhoon Ragasa on Hong Kong last…
Hedge funds are increasingly moving in lockstep with broader equities markets, raising the risk of hefty losses in the event of a sharp market reversal. Large investors such as pension funds, insurance companies, endowments and family offices have often sought out alternative investments such as hedge funds as a diversifier to traditional 60/40 equities-and-bonds portfolios, and to provide downside protection during market sell-offs. But now a growing number of strategies are exhibiting what index provider PivotalPath describes as “historically high” correlations to the S & P 500. That has got alarm bells ringing. The S & P 500 traded lower…
California Governor Gavin Newsom speaks during the 2025 Clinton Global Initiative (CGI) in New York City, U.S., September 24, 2025. Kylie Cooper | ReutersCalifornia Governor Gavin Newsom signed into state law on Monday a requirement that ChatGPT developer OpenAI and other big players disclose how they plan to mitigate potential catastrophic risks from their cutting-edge AI models.California is the home to top AI companies including OpenAI, Alphabet’s Google, Meta Platforms Nvidia and Anthropic, and with this law seeks to lead on regulation of an industry critical to its economy, Newsom said.”California has proven that we can establish regulations to protect…
Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia.Prasit Photo | Moment | Getty ImagesAsia-Pacific markets were set to open higher Tuesday with focus on the Reserve Bank of Australia’s interest rate decision later in the day. The RBA is expected to hold its cash rate steady at 3.6%, according to a Reuters poll, as high inflation has restricted its ability to loosen monetary policy.”The Reserve Bank of Australia’s policy meeting on Tuesday is the key event in the Asia-Pacific region,” said Shier Lee Lim, lead FX and macro strategist of…
U.S. President Donald Trump reacts, as he arrives at Joint Base Andrews, Maryland, U.S., September 26, 2025. Elizabeth Frantz | ReutersYouTube has agreed to pay $24.5 million to settle a lawsuit involving the suspension of President Donald Trump’s account following the U.S. Capitol riots on Jan. 6, 2021.The settlement “shall not constitute an admission of liability or fault,” on behalf of the defendants or related parties, according to a filing on Monday from the U.S. District Court for the Northern District of California.Trump sued YouTube, Facebook and Twitter in mid-2021, after the companies suspended his accounts on their platforms over…
General view of the products during Once Upon A Farm Refrigerated Oat Bar Launch Event at 1 Hotel Brooklyn Bridge on Oct. 7, 2023 in Brooklyn, New York. Jamie McCarthy | Getty ImagesJennifer Garner’s baby food company Once Upon a Farm announced on Monday it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC). It intends to list its common stock under the ticker “OFRM” on the New York Stock Exchange pending approval.The company increased its six-month revenue as of Jun. 30 by 66% according to its IPO filing. The company acknowledged in the filing that it…
Specialist traders work inside a booth on the floor at the New York Stock Exchange on Sept. 10, 2025.Brendan McDermid | ReutersStock futures are little changed as investors look to close out an unusually strong September by building on Monday’s momentum, despite the threat of a potential U.S. government shutdown this week.Futures tied to the Dow Jones Industrial Average fell 18 points, or 0.04%. S&P futures slipped less than 0.1%, while Nasdaq 100 futures fell 0.08%.Stocks closed higher across the board on Monday as the names tied to the artificial intelligence trade regained ground from last week. Stocks had faltered…
