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. Market moves : The S & P 500 was dropping almost 2% on Friday as weak jobs and new tariff levels unsettled the market. Investors also were digesting President Donald Trump’s decision to order the firing of the labor statistics commissioner , alleging political manipulation of jobs data. After closing at a record high on Monday, the index was set to finish the week on a four-session losing streak. While some…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyDavid Zervos, Jefferies, joins ‘Fast Money’ to talk why he thinks there are still reasons to be bullish in this market.10:104 hours ago Source link
FILE PHOTO: Patricia de Stacy Harrison, president and CEO of the Corporation for Public Broadcasting (CPB), testifies before a House subcommittee holding hearings on President Donald Trump’s first budget on Capitol Hill on March 28, 2017 in Washington, D.C.Zach Gibson | Getty ImagesThe Corporation for Public Broadcasting will shut down its operations after the loss of federal funding, the nonprofit said on Friday, in a blow to local TV and radio stations that have relied on its grants for nearly six decades.The Republican-controlled U.S. House of Representatives passed a $9 billion funding cut to public media and foreign aid last…
Carter Worth, Worth Charting, joins ‘Fast Money’ to talk technical trends he is following in utilities. Source link
The near-term outlook suddenly looks precarious for a stock market that’s near all-time highs, even after Friday’s big sell-off. Next week, investors will continue to act on what they learned this week. On the one hand, the artificial intelligence story that’s powered the stock market rally the last several months remains intact, with Microsoft this week becoming the second public company ever in the U.S. to hit a $4 trillion valuation after its strong June quarter results. On the other, it now turns out the U.S. labor market weakened significantly the past three months as tariffs moved higher. “Signs of…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
CNBC’s Jim Cramer walked investors through another week of earnings season, honing in on reports from Palantir, Berkshire Hathaway, Disney and Eli Lilly.”We’re still in earnings Hades, but at least it’s getting a little cooler out there,” he said. “That’s right, we’ve now gotten over the hump of the big-time growth stocks, the hyperscalers, but there’s plenty left.”On Saturday, Cramer will be paying attention to earnings from Berkshire Hathaway, and he suggested things might be a little different with Greg Abel at the helm. If the report is good, Cramer said he bets the stock goes higher.Monday, Cramer is watching…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMike Khouw, OpenInterest.Pro, joins ‘Fast Money’ to talk what options trading is signaling ahead of next week’s slate of earnings.02:4212 minutes ago Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies slide after President Trump unveiled his modified “reciprocal” tariffs on dozens of countries. Plus, Coinbase launches newly imagined “everything exchange,” which will include tokenized real-world assets, stocks, derivatives, prediction markets and early-stage token sales. And, Leah Wald, CEO of SOL Strategies, discusses the strengthening ties between Wall Street and blockchain technology. Source link
After a perfect week last week, when the S & P 500 finished above 6,300 for the first time ever and scored five closing highs in a row , the broad market index’s momentum has hit a wall. Stocks attempted to close above 6,400 a few times this week, but even upbeat quarterly results from market leaders like Microsoft and Apple couldn’t make it happen. “Like a 5th-grader trying to eke out one more pull-up in gym class, the SPX cannot get past 6,400 no matter how hard it tries,” Wells Fargo analyst Christopher Harvey wrote in a note on…
