CNBC’s Jim Cramer on Wednesday tried to quell investors’ recession fears. He pointed to several sectors that are seeing gains and said that the economy needs to slow for the Federal Reserve to make eagerly awaited interest rate cuts. “If you have a market that’s been driven by a handful of stocks and then suddenly … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. Brendan McDermid | Reuters LONDON — European stocks tumbled in morning deals Wednesday, following losses on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index was 1.15% lower at 9:11 a.m. in London, … Read more
The Nvidia headquarters in Santa Clara, California, US, on Wednesday, Aug. 28, 2024. Loren Elliott | 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? … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Wall Street started the troublesome trading month of September with sharp declines. The S & P 500 , which closed its strong August on the upswing Friday, was down nearly … Read more
CNBC’s Jim Cramer reviewed Tuesday’s market action, saying some of it seems more extreme than is actually warranted. “This market’s so ridiculous, you can knock it over with a feather or take it up with a breeze,” he said. “This isn’t the worst of times, it’s just the worst of times for the stocks in … Read more
A wafer of DISCO Corporation is pictured at the company’s booth at the Semicon Japan exhibition in Tokyo on December 16, 2022. Yuichi Yamazaki | AFP | Getty Images Asia-Pacific markets are set to fall on Wednesday, tracking losses on Wall Street after and tech stocks sold off and weak U.S. economic data sparked recession … Read more
A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets mostly climbed on Tuesday as investors assess South Korea’s August inflation numbers, which eased to its lowest level on a year-on-year basis since March 2021. The country’s consumer price index … Read more
For all the hype this week heading into Nvidia ‘s earnings release and another important update on inflation, the stock action was pretty muted, especially given all the volatility this August: The S & P 500 closed up 0.24%, the Nasdaq Composite fell 0.92% and the Dow Jones Industrial Average ended up 0.94%. Within the … Read more
A trader works on the floor of the New York Stock Exchange on Aug. 23, 2024. Bloomberg | Bloomberg | Getty Images Central banks around the world are set to kick off or continue interest rate cuts this fall, bringing an end to an era of historically high borrowing costs. In September, the U.S. Federal … Read more
A customer pushes a shopping cart with bags outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | AFP | 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 … Read more
