Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, U.S., September 13, 2024. Matt Mills Mcknight | Reuters RENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. A … Read more
The Federal Reserve kicked off its much-anticipated easing campaign this week — its first in four years — which means cheaper rates on most kinds of consumer loans, including auto loans and mortgages. It also means lots of talk from the experts about “normalizing the yield curve” in the bond market — meaning getting back to … Read more
RH CEO Gary Friedman told CNBC’s Jim Cramer on Friday why the upscale home furnishing retailer doesn’t have any official social media accounts, saying paid promotions by online influencers aren’t authentic. “The great brands that stand the test of time, they earn it, right,” Friedman said. “They tell the truth. And, you know, having fake … Read more
CNBC’s Jim Cramer on Friday walked investors through next week’s notable Wall Street action, pointing to quarterly reports from Costco and KB Home, as well as new economic data that could inform the Federal Reserve’s next decision about interest rates. But regardless of the week’s events, Cramer said the Fed’s successful start to the easing … 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: The Dow and S & P 500 were lower Friday after surging to record highs Thursday in response to the Fed cutting interest rates by … Read more
Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing core inflation, excluding food and energy, in the Fed’s preferred … Read more
Republican presidential nominee and former U.S. President Donald Trump looks on during a rally at Nassau Veterans Memorial Coliseum, in Uniondale, New York, U.S., September 18, 2024. Brendan Mcdermid | Reuters Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after “lockup” restrictions expired, which had previously … Read more
Pictured here is an Apple flagship store in Beijing, China, on the day of the iPhone 16 launch on Sept. 20, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Many of Apple‘s affluent iPhone users in China are just as interested in Huawei’s pricier trifold phone, CNBC found during spot checks at stores Friday, … 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. Market surge: The S & P 500 jumped almost 2% to record highs Thursday in a delayed reaction to the Federal Reserve lowering the fed funds … Read more
The Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more
