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 turned slightly lower Wednesday afternoon after Federal Reserve Chairman Jerome Powell said a December interest rate cut was not a foregone conclusion. Powell’s comments came during his post-Fed meeting news conference and after central bankers decided to reduce rates by a quarter-point for the second time this year. There were two dissenters: Fed Gov. Stephen Miran voted for a half-point cut, while Kansas City Fed…
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The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024.Ore Huiying | Bloomberg | Getty ImagesEli Lilly and Walmart on Wednesday said they have teamed up to expand access to the drugmaker’s weight loss drug Zepbound, allowing U.S. patients to get vials of the blockbuster injection at direct-to-consumer prices through retail locations for the first time. The announcement comes as Eli Lilly works to maintain its dominance over rival Novo Nordisk in the booming market for a class of obesity and diabetes drugs called GLP-1s. It also comes as the…
Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025.Aaron Clamage | CNBCThere were two dissenters from the Federal Reserve’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, in two different directions.Federal Reserve Governor Stephen Miran instead called for a half-point cut, while Kansas City Fed President Jeffrey Schmid voted for no decrease.Heather Long, chief economist at Navy Federal Credit Union, called two dissents “unusual,” particularly because one wanted a deeper cut and the other wanted no change.”Powell will have to use all of his leadership…
Boeing shares moved lower after Wednesday morning’s messy third-quarter release. Despite a wider-than-expected loss, operational execution is improving, and the company is well-positioned to deliver more aircraft going forward. That will boost free cash flow, which is the ultimate driver of the share price. Revenue in the third quarter ending Sept. 30 rose 30% year over year to $23.27 billion, topping expectations of $21.97 billion, according to market data service LSEG. Loss per share was narrower year over year, but still $7.47. That was much worse than the $4.59 loss per share the Street had estimated. Analysts were expecting a…
BlackRock’s Jeff Shen, remains constructive on U.S. equities over the next six-to-12 months, but he said investors may find more compelling opportunities overseas as global markets play catch-up. “There’s a fundamental capital expenditure story, given the excitement around artificial intelligence and the potential productivity growth coming from this investment,” said Shen, co-chief investment officer and co-head of systematic equities at BlackRock, in an interview on the sidelines of the Sohn Investment conference in San Francisco. The S & P 500 has rebounded aggressively from its April lows to score consecutive record highs, bringing its 2025 gains to more than 17%.…
The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown.By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to the rate move, the Fed announced that it would be ending the reduction of its asset purchases – a process known as quantitative tightening – on Dec 1.Governor Stephen Miran again cast a dissenting vote, preferring the Fed move more quickly with a half-point cut. Kansas…
The shutdown of the U.S. federal government could cost the economy up to $14 billion, depending on how long it lasts, the Congressional Budget Office said Wednesday.The shutdown, now in its fourth week, will result in the loss of at least $7 billion of gross domestic product by the end of 2026 as a result of furloughed federal employees working fewer weeks, the CBO said.And the cost will grow the longer the shutdown drags on, CBO Director Phillip Swagel told U.S. House Budget Committee Chairman Jodey Arrington, R-Texas, in a letter.A six-week shutdown will cost the economy $11 billion, and…
Jensen Huang, chief executive officer of Nvidia Corp., during a Bloomberg Television interview at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Hand over fistNvidia took center stage yesterday — literally and figuratively. In addition to inking deals with multiple well-known companies, CEO Jensen Huang made a major domestic production announcement during the chip titan’s technology conference.Here’s the full rundown:Nokia said Nvidia is…
new video loaded: How Japan’s New Prime Minister Bonded With TrumpTrump will meet Japan’s new prime minister, Sanae Takaichi, on Tuesday (10/28). A look at how she will approach President Trump in order to rekindle the close relationship he had with her mentor, former Prime Minister Shinzo Abe.By Javier C. Hernández, Nailah Morgan, Christina Shaman and Jon HazellOctober 29, 2025 Source link
These are the stocks posting the largest moves midday. Source link
