Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Markets are lower on Wednesday after three straight positive sessions for the S & P 500 . The energy, consumer staples and financial sectors are outperforming. Tech, on the other hand, is getting slammed with the Mag 7 showing weakness across the board. We want to highlight that the Investing Club’s cash position is lower after making our annual contribution to charities. This year, the Charitable Trust donated $113,216. Each year, all portfolio income and…
Author: usaeverydaylife
EAST LANSING, Mich. — Jase Richardson recently told the type of story everyone is familiar with. About being a kid, counting down the clock, imagining the winning shot.Only Richardson’s version was probably unlike yours, or mine, or maybe anyone’s. The specifics involved border on obsessive. When he was around 5 or 6, Richardson imagined his bedroom as an arena, and every game was the Final Four. Cosplaying wild drama, his little emotions tugged and pulled in different directions. His team would struggle early and carry a deficit into the halftime locker room — his bedroom closet — looking for answers.Down…
Treasury Secretary Janet Yellen speaking with CNBC’s Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8th, 2024.CNBCFormer Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned.Joining other prominent officials in the world of economics and finance, Yellen, who also served as Federal Reserve chair, will serve on the board that meets several times a year, according to the report from Leslie Picker.The advisory board members’ mission, according to the Pimco website, is to “contribute their insights to the firm on global economic, political and strategic developments and their relevance…
Check out the companies making headlines in midday trading: GameStop — The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount retail chain popped more than 4% after announcing on Wednesday that it would offload its Family Dollar business to a group of private-equity investors for $1 billion. Playtika — The mobile gaming stock gained more than 22% after receiving a double upgrade to buy from underperform at Bank of America. The…
Buying strength works best when a stock is breaking out from a bullish chart pattern and is already in an established long-term uptrend. That uptrend can be as simple as a stock trading above a rising 200-day moving average. We’ve seen that combination work time and again over the last two years — positive momentum was rewarded, and prior resistance levels were cleared by dozens of stocks and ETFs. But buying strength in a stock that’s spiking under a declining 200-DMA doesn’t offer the same risk-reward profile. That’s exactly the setup for Diamondback Energy (FANG) right now. FANG is currently…
Fast Money Live Event | June 5 Source link
U.S. President Donald Trump holds paperwork he signed during an Ambassador Meeting in the Cabinet Room of the White House on March 25, 2025 in Washington, DC. Win McNamee | Getty ImagesPresident Donald Trump could impose new tariffs on auto imports as soon as Wednesday, a White House official told CNBC.But the timing on Trump’s latest tariff announcement is not set in stone, the official said, adding that the new duties could come later in the week.Trump on Monday had hinted that the auto tariffs could arrive prior to April 2, the day his sweeping “reciprocal tariff” plan is set to…
ATHENS, Ga. — They were the most tense, most exciting moments of the Georgia football season, arguably the most exciting in the entire college football season: an epic game against Georgia Tech that stretched to eight overtimes and well past midnight. And as Nazir Stackhouse stood on the sideline, he was fighting an internal battle.Stay awake, he kept telling himself. Somebody score and end this. Stay awake. Don’t fall asleep.That’s what happened a few years before at Tennessee. The Georgia offense was on a long drive, and Stackhouse, a nose tackle, was on the bench with the rest of the…
British authorities issued a record fine against one of the country’s universities on Wednesday for failing to “uphold the freedom of speech and academic freedom,” an escalation in the debate over student and staff rights on campus.The Office for Students, the regulator for higher education in England, imposed a penalty of 585,000 pounds, more than $755,000, on the University of Sussex. The fine followed an investigation into the university that began more than three years ago after Kathleen Stock, a philosophy professor, resigned saying that she had faced a campaign of harassment from students and activists over her views on…
Over the past few years, we’ve highlighted the risk of a slowdown in consumer spending as the post-pandemic surge — where consumers were flush with cash — has given way to depleted savings and rising debt levels to sustain spending. Recent data over the past four months shows a noticeable shift in consumer sentiment, with the Conference Board’s recent measure of future expectations in March tumbling to a 12-year low , marking the first meaningful slowdown in consumer spending in years. Warning signals from major consumer names like Delta, Nike, and Walmart further highlight this growing risk. Additionally, the CBOE…
