(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.) The market took a better-than-feared CPI report as a signal that it’s free to play looser and more aggressively. Given the magnitude of the downside shock in the Aug. 1 payroll report , CPI would have had to come in piping hot to undermine the Street’s conviction that the window is wide open for the Fed to resume rate cuts in September. The modest upside to core CPI fell well short of that threshold. The result was a…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyNilay Patel, The Verge editor-in-chief, joins ‘Fast Money’ to talk the latest moves in the AI arms race between Google and Apple.05:083 hours ago Source link
Asia-Pacific markets open in the greenAsia-Pacific markets opened higher Wednesday. Japan’s Nikkei 225 benchmark rose 1% after hitting a record high Tuesday, while the broader Topix index added 0.72%, as of 8:02 a.m. Singapore time (8:02 p.m. ET Tuesday).In South Korea, the Kospi index advanced 1.07%, while the small-cap Kosdaq increased by 0.88%.Over in Australia, the S&P/ASX 200 was up 0.29%.— Lee Ying ShanHere are the opening calls for the dayHappy mid-week from Singapore. Asia markets are set for a mostly higher open.Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart…
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSECircle Internet Group stock tumbled more than 5% in extended trading Tuesday after it said it would offer 10 million Class A shares to the public.Of the total stock being offered, 2 million shares will be offered by Circle. The remaining 8 million shares will be sold by stockholders. The stablecoin issuer’s shares have soared more than 450% since it went public on June 5. As part of the offering, Circle is offering its underwriters a 30-day option to buy…
South Korea’s former first lady Kim Keon Hee arrives at the special prosecutor’s office in Seoul, South Korea, August 6, 2025. Kim Hong-Ji | ReutersSouth Korea’s former first lady Kim Keon Hee has been arrested after a court late Tuesday issued a warrant to arrest her following accusations of graft that she denies, a special prosecutor leading a wide-reaching probe said.Kim is South Korea’s only former first lady to be arrested, joining her husband, ex-President Yoon Suk Yeol, in jail as he faces trial following his ouster in April over a botched bid to impose martial law in December.Earlier in the day, Kim, wearing…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneySarah Levy, Betterment CEO, joins ‘Fast Money’ to discuss latest survey findings and what they are signaling about investor sentiment.03:562 hours ago Source link
CNBC’s Jim Cramer reviewed Tuesday’s stock market action and advised investors to stay in the market despite the geopolitical environment. Otherwise, he said, they might miss out on winning sessions.”People just can’t seem to process the most important three words in the investing lexicon: ‘stay the course.’ Nobody wants to stand pat when they think they can get out and then jump right back in. That’s incredibly difficult.”Tuesday ‘s session saw the S&P 500 and the Nasdaq Composite close at record highs as investors celebrated a weaker-than-expected inflation report that could allow the Federal Reserve to cut interest rates.According to…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Sam Altman, left, and Elon Musk.Muhammed Selim Korkutata | Anadolu | Getty ImagesThere’s a new company at the center of the intensifying battle between Elon Musk and Sam Altman: Apple.Musk and Altman, who helped start OpenAI a decade ago with a group of other co-founders, had a public falling out that led to a legal fight last year, with Musk accusing Altman of breach of contract for abandoning the artificial intelligence company’s founding mission.The back-and-forth war of words and lawsuits took another dramatic turn on Monday, when Musk threatened Apple with “immediate” legal action over alleged antitrust violations. Musk’s complaint,…
The exterior of the Smithsonian’s National Museum of American History, after the museum removed explicit reference to U.S. President Donald Trump from an exhibit about impeachment according to a spokesperson, in Washington, D.C., U.S., August 1, 2025.Annabelle Gordon | ReutersThe White House told the Smithsonian Institution it will conduct a comprehensive review of Smithsonian museums and exhibits to “ensure alignment with” President Donald Trump’s “directive to celebrate American exceptionalism,” according to a letter Tuesday.The White House’s letter directs eight Smithsonian museums to turn over materials within 30 days about any exhibits related to America’s 250th anniversary, other exhibits, and educational…
