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. Markets: The S & P 500 was trying to hold onto gains. It looked like a strong day at Friday’s open as Amazon shares surged in reaction to accelerating revenue growth within its cloud computing unit. Strong revenue guidance from Apple initially boosted the market, too. The market gains cooled later Friday. Still, the S & P 500 is on pace for a weekly advance of over 0.5% and an October…
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Diminishing perspective of downtown London skyscrapersChunyip Wong | Istock | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The commercial real estate market has been historically slow to modernize, and yet it appears to be accelerating its adoption of artificial intelligence. Companies are moving beyond initial testing and exploration into more targeted applications that aim to redefine…
Shoppers carry Macy’s and Nordstrom bags at Broadway Plaza in Walnut Creek, California, US, on Monday, Dec. 16, 2024. The Bureau of Economic Analysis is scheduled to release personal spending figures on December 20.David Paul Morris | Bloomberg | Getty ImagesWhile the impact so far this year has been muted, tariffs are expected to catch up with prices consumers pay just in time for the holiday shopping season.President Donald Trump’s tariffs on a plethora of items and individual countries, which started in April, have coincided with common inflation measures trudging along between 2.5% and 3% this year.While economists don’t see…
Linde ‘s earnings beat Friday couldn’t overcome a cash flow miss and softer guidance. Shares of the industrial gas giant are down 2%. Revenue for the third quarter ended Sept. 30 increased roughly 3% versus the year-ago period, coming in at $8.62 billion, edging out the $8.61 billion consensus estimate compiled by LSEG. Adjusted earnings per share rose nearly 7% year over year to $4.21, exceeding the $4.18 expected, according to LSEG. Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. Its exposure to a wide range of…
The latest results from Coinbase got only a slight boost from the firm’s partnerships with big banks, but it’s that unit that has Wall Street so optimistic on the crypto platform for the long term. The company’s stock rose 9% on Friday, just one day after Coinbase posted revenue of $1.87 billion for the third quarter, topping analysts’ estimates of $1.8 billion, per FactSet data. The cryptocurrency exchange’s topline grew as it partnered with financial giants like J.P. Morgan and PNC — an emerging focal point of its corporate strategy. Coinbase is “fast becoming the AWS of Crypto financial infrastructure…
Large-cap biotech Regeneron Pharmaceuticals is judged to be in the throes of a “bearish-to-bullish” reversal, with the prospective completion of the bottoming-out process implying a move to the $750+/- level … some 15% higher than where the stock is trading at present. We’re buyers here. The four identical charts tell the tale. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT…
US President Donald Trump (R) speaks during a meeting with Australia’s Prime Minister Anthony Albanese in the Cabinet Room at the White House in Washington, DC, on Oct. 20, 2025. Saul Loeb | AFP | Getty ImagesA federal judge in Rhode Island on Friday blocked the Trump administration from ceasing to pay SNAP benefits during the U.S. government shutdown.The oral ruling by Judge Jack McConnell came a day before the administration was set to cut off those food stamp benefits from 42 million Americans.A Justice Department lawyer argued during a hearing that the SNAP program did not exist anymore because…
Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesAffirm is expanding its partnership with New York Life Insurance, a move that highlights how traditional financial giants are deepening their exposure to fintech-driven consumer lending.Under the new agreement, New York Life will purchase up to $750 million worth of Affirm’s installment loans through 2026, giving the payments company fresh off-balance-sheet funding to support roughly $1.75 billion in annual loan volume.The deal extends a relationship that began in 2023, when New York Life first started investing in Affirm’s asset-backed securities and other loan structures.To date, the insurer has funneled nearly $2…
These are some of the stocks posting the largest moves midday. Source link
Darren Woods, chairman and chief executive officer Exxon Mobil Corp., speaks during a panel discussion at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh, Pennsylvania, US, on July 15, 2025. Brian Kaiser | Bloomberg | Getty ImagesExxon Mobil is holding advanced talks with power providers and technology companies to cut the emissions of AI data centers that rely on natural gas by deploying carbon capture technology, CEO Darren Woods said on Friday.”I’m hopeful that many of these hyperscalers are sincere when they talk about the desire to have low emission facilities, because certainly in the…
