Jay Woods, who has spent more than three decades on the floor of the New York Stock Exchange, discusses what the pros are watching in the markets this week. The chief market strategist at Freedom Capital Markets touches on: Nvidia’s earnings Wednesday after the bell. Woods notes that the stock is “only” up 37% in the past year, not as much as you would think given it’s AI leadership position. This raises the stakes for the report. How Friday’s core PCE number, the Fed’s preferred inflation gauge, could be more important than Nvidia’s results for the markets given that the…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing in the U.S. District Court in Delaware on Friday.In the filing, attorneys from the Department of Justice asked the court to stay a lawsuit challenging the Interior Department’s approval of the Maryland Offshore Wind Project. They said the agency would move to vacate approval of the facility’s construction and operations plan by September 12.Read more: Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity pricesAn Interior Department spokesperson had…
Labubu toys packaging are seen at a souvenir store in Krakow, Poland on August 21, 2025. Jakub Porzycki | Nurphoto | Getty ImagesEven Confucius is getting in on China’s “blind box” craze.At the main temple in Beijing to China’s greatest sage, the souvenir shops sell a range of “blind boxes,” gifts packaged in such a way that buyers don’t know exactly what variety of the item they’re purchasing until after they commit.One popular blind box at the store is an ice cream treat with a blessing from Confucius. Worshippers pay $4.50 and, only after unwrapping the dessert, read that they…
CrowdStrike could be deserving of investor attention this week as all eyes are on Nvidia, according to MJP Wealth Advisors chief investment officer Brian Vendig. Vendig sat down with CNBC’s “Power Check” on Monday to discuss the cybersecurity stock, as well as two others that he said he has his eyes on. CrowdStrike Shares of CrowdStrike have advanced more than 22% so far in 2025. The company is a partner of Nvidia, with both firms collaborating on large-language models . Vendig said that CrowdStrike is benefiting from a strong pipeline of deals thanks to customer adoption of its Charlotte AI,…
The new Cracker Barrel logo is seen on a menu inside the restaurant on Aug. 21, 2025 in Pembroke Pines, Florida.Joe Raedle | Getty ImagesCracker Barrel Old Country Store on Monday issued a statement responding to the widespread backlash it faced last week over its rebranding and new logo.”If the last few days have shown us anything, it’s how deeply people care about Cracker Barrel. We’re truly grateful for your heartfelt voices,” the company wrote. “You’ve also shown us that we could’ve done a better job sharing who we are and who we’ll always be.”The new logo removes the image…
(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.) Stocks regroup after Friday’s broad and emphatic “risk-on” rally, responding to the increased likelihood that the Federal Reserve will resume cutting interest rates next month into a still-steady economy with equity indexes near record highs. Indexes seeing a modest reversal of Friday’s trends: Small-cap Russell 2000 and the Dow Industrials – big winners in Friday’s move from large to small and growth to value – are lagging the S & P 500 and Nasdaq today. Also seeing Treasury…
Higher-education municipal bonds have been battered amid the fallout from President Donald Trump’s policies. However, there are buying opportunities if you know where to look, according to Nuveen. Trump has targeted several colleges and universities since taking office, including freezing research money and hiking the tax rate on endowments. However, the worst of the headline risk has now passed for higher-ed munis, which represent just about 6% of the $4.3 trillion muni bond market, said Dan Close, head of municipals at Nuveen. “Right now, the higher education sector is on sale,” he said. Municipal bonds are generally free of federal…
Goldman Sachs is out with a fresh list of “shared favorite” stocks among the two major kinds of institutional stock pickers. Investors may be hunting for bargains after the major U.S. indexes have continued to rally this year, with the Dow Jones Industrial Average notching a record close as recently as Friday after Federal Reserve Chair Jerome Powell signaled a potential rate cut ahead. According to David Kostin, chief U.S. equity strategist at Goldman Sachs, some investment opportunities can be found in Goldman’s shared favorites list. These stocks are loved by both mutual funds and hedge funds. This is unusual…
Traders work on the floor of the New York Stock Exchange on Aug. 22, 2025, in New York City. Spencer Platt | Getty ImagesFriday’s booming rally turned into Monday’s reality check as investors weighed just how aggressive the Federal Reserve will be on lowering interest rates and how the moves might impact the broader business and economic climate.Chair Jerome Powell, in his annual address at the Jackson Hole, Wyoming, symposium, gave Wall Street hope of easier days ahead when he said conditions “may warrant adjusting our policy stance,” which is generally seen as “Fedspeak” for cutting rates.Stocks soared while Treasury…
