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: After slightly lower opens, the S & P 500 and Nasdaq Composite were firmly in the red in Friday afternoon trading and on pace for … Read more
A trader works on the floor at the New York Stock Exchange on July 3, 2024. Brendan Mcdermid | Reuters A massive IT outage that is causing unprecedented global disruptions isn’t holding up business as usual in most parts of the financial markets, though one index provider did experience complications. Officials at both the New … Read more
George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images A fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT systems Friday, with industries ranging from banking to airlines facing outages. Banks … Read more
Workers install solar panels during a SunPower installation on a home in Napa, California, US, on Monday, July 17, 2023. David Paul Morris | Bloomberg | Getty Images SunPower stock collapsed more than 40% this week after the company informed dealers that it will no longer support new leases, installations or product shipments, with analysts … Read more
Meta Platforms is reportedly eying a potential stake in the maker of Ray-Ban glasses — a promising development for the social media giant’s ambitions in hardware for years to come. The Facebook and Instagram parent is in discussions to take 5% ownership in France-based EssilorLuxottica , the Financial Times and The Wall Street Journal reported … Read more
This photo taken on October 23, 2022 shows people looking at fruit and vegetables outside a supermarket along a covered shopping street in Tokyo. Richard A. Brooks | Afp | Getty Images Asia-Pacific markets fell on Friday as investors on Wall Street continued to rotate out of tech stocks and take profits from the rally … Read more
My top 10 things to watch Thursday, July 18 1. Republican vice presidential nominee JD Vance attacked Wall Street in his speech Wednesday night at the Republic National Convention. Donald Trump’s running mate said the presidential hopeful “won’t cater to Wall Street.” He also blamed China for flooding the U.S. economy with “cheap foreign goods” … Read more
U.S. oil futures edged slightly lower on Thursday after jumping 2.6% in the previous session as crude inventories fell for the third week in a row. U.S. commercial crude inventories fell by 4.9 million barrels last week, though gasoline stocks rose by 3.3 million barrels and motor fuel demand weakened by 615,000 barrels per day. … Read more
Christine Lagarde, president of the European Central Bank, at a rates decision news conference in Frankfurt, Germany, on March 7, 2024. Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank is set to keep interest rates steady this week after cutting in June for the first time since September 2019. The hold … Read more
British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | Reuters LONDON — The new U.K. government is on Thursday set to propose legislation to prevent “significant uncosted measures” from being announced without an analysis of their impact on public finances. The Labour government, which took power … Read more
