Wall Street ended a strong first half of the year on a somewhat sour note, with all three major U.S. stock averages closing lower Friday after a higher open. The Nasdaq inched up 0.24% for the week as tech bounced back. Meanwhile, the S & P 500 and the Dow Jones Industrial Average declined 0.1% … Read more
Christopher Royster, left, and JT Smith, athletes who participate in Bandit Running’s Unsponsored Project, at the 2024 Olympic trials in Eugene, Oregon. Courtesy: Bandit Running There’s an army of unsponsored athletes commanding attention at the U.S. Track & Field Olympic Trials this year, decked out in all-black, logo-less gear. The 35 athletes are supported by … Read more
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: Wall Street is ending the final day of the second quarter on a muted note, even after the Federal Reserve’s preferred inflation gauge showed a … Read more
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Saul Loeb | Afp | Getty Images JPMorgan Chase and Morgan … Read more
France’s parliamentary election has already rattled investors as the country’s risk premium rises — but two possible scenarios have still not been priced in by markets and could impact stocks in the wider European region, according to Citi. “Our model suggests that the market is pricing in something between a benign outcome and a gridlock … Read more
People walk by the New York Stock Exchange (NYSE) on June 18, 2024 in New York City. Spencer Platt | Getty Images Former President Donald Trump is the clear favorite when it comes to the stock market, according to the latest results of CNBC’s Delivering Alpha Stock Survey. Of the 400 investors, traders and money … Read more
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. The legendary investor, who’s turning 94 in August, converted 8,674 of his Berkshire Class A … Read more
A Levi’s store at the Orlando Vineland Premium Outlets in Florida. Jeff Greenberg | Universal Images Group | Getty Images In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.” Levi Strauss shoppers are taking that advice to heart. Levi Strauss executives are ecstatic. Western wear is booming as … Read more
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter number down 0.2 percentage … Read more
Smoke billows during Israeli bombardment on the village of Khiam in south Lebanon near the border with Israel on June 19, 2024 amid ongoing cross-border tensions as fighting continues between Israel and Hamas in the Gaza Strip. Rabih Daher | AFP | Getty Images U.S. crude oil on Friday traded near a two-month high and … Read more
