U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty ImagesAmerican shippers were already unhappy about their business outlook after President Donald Trump imposed steep new tariffs on China in April.And they were not feeling much happier on Thursday, even after Trump announced a new trade truce with Chinese President Xi Jinping.The consensus among U.S. shippers and logistics managers is that the deal is largely rhetoric and that it does not change the substance of the disagreements on…
Author: usaeverydaylife
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 and Nasdaq were dragged down Thursday on post-earnings slumps from Club holdings Meta Platforms and Microsoft. While both reported better-than-expected quarters, Wall Street was worried about their increased forecasts on artificial intelligence spending. Shares of Meta and Microsoft were down 10% and 3%, respectively. This comes one day after the Federal Reserve announced a widely expected interest rate cut for the second time this year.…
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Oct. 29, 2025. Al Drago | Bloomberg | Getty ImagesFederal Reserve Chair Jerome Powell faces if not the most difficult challenge of his time in office at least the trickiest in his final months as head of the all-powerful U.S. central bank.Fresh off his surprisingly tough talk Wednesday on the potential for another interest rate cut in December, Powell will have to steer his way through a suddenly contentious atmosphere among policymakers that will…
While the financial sector as a whole has been underperforming the S & P 500 off the April 2025 low, a number of money center banks have managed to display fairly constructive technical profiles in recent weeks. Today, we’ll break down the technical case for Bank Of America (BAC) , with this latest breakout perhaps signaling the beginning of a new impulse move higher. On the daily chart, we can observe two major consolidation patterns off the April low. First, there was a classic bull flag pattern in July and August, with a short-term countertrend pattern of lower highs and lower…
Drone view of damage to coastal homes after Hurricane Melissa made landfall, in Alligator Pond, Jamaica, Oct. 29, 2025. Maria Alejandra Cardona | ReutersHurricane Melissa, the most powerful Atlantic hurricane of the year, made landfall this week as a Category 5 storm in Jamaica. The strength of the storm means it will likely trigger a full payout from a catastrophe bond designed to provide funds to the island in the event of catastrophic weather events.The $150 million catastrophe bond, structured by Aon, is intended to help the island’s people rebuild after natural disasters by providing Jamaica parametric coverage against losses…
A Delta Airlines plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025.Samuel Corum | Bloomberg | Getty ImagesDelta Air Lines called on Congress Thursday to “immediately pass a clean continuing resolution” to reopen the U.S. government and pay air traffic controllers.U.S. air traffic controllers missed their first full paychecks on Tuesday as the government shutdown drags on through a fourth week with no end in sight while Republican and Democratic senators remain at an impasse.”Missed paychecks only increases the stress on these essential workers,…
Jim Cramer has decided to upgrade Meta Platforms — choosing to view Thursday’s post-earnings stock plunge as a buying opportunity. Meta shares were dropping 12% after the social media giant on Wednesday evening warned of spending increases this year and next to stay ahead in the artificial intelligence race. The Club is bumping Meta stock up to our buy-equivalent 1 rating — a move under consideration after the earnings release, when we opted to reiterate our $825-per-share price target. During Thursday’s Morning Meeting , Jim said members should feel free to buy the Meta dip. But he urged would-be buyers…
Eli Lilly shares jumped Thursday after the drugmaker posted a strong third quarter, driven by sales of its popular GLP-1 medications. The company also raised its full-year sales outlook for the second time in a row, inspiring confidence in the trajectory of the franchise. Revenue in the three months ended Sept. 30 jumped 54% year over year to $17.6 billion, beating Wall Street expectations of $16.01 billion, according to LSEG. Adjusted earnings per share increased 494% year over year to $7.02, ahead of the $5.69 consensus, LSEG data showed. In last year’s third quarter, EPS of $1.18 included $3.08-per-share worth…
Wall Street is wondering if Chipotle ‘s plan to eat the cost of food inflation will pay off. The fast-casual chain warned Wednesday night that cost increases for its ingredients like meat will weigh on margins, given it doesn’t plan to increase prices in tandem. Analysts are fearful about what that means for its margins and earnings — and, in some cases, are lowering their outlooks for the stock. Chipotle finance chief Adam Rymer told analysts that the company is facing “accelerating” inflation to the mid-single digit percentage range, which he linked to tariffs and higher beef prices. Rymer said…
Bristol Myers Squibb ‘s beat-and-raise quarter wasn’t enough to change our cautious view on the stock as we await updates on one of its promising drugs. Revenue in the third quarter, ended Sept. 30, rose 3% year over year to $12.2 billion, topping the consensus Street estimate of $11.8 billion, according to LSEG. Adjusted earnings per share fell 9% to $1.63, but outpaced expectations $1.51, according to LSEG. Bristol Myers Squibb Why we own it: The company’s new schizophrenia treatment Cobenfy has major sales potential, though it remains in the early innings. Bristol Myers has key products, such as blood-clot…
