US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no…
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Thursday. Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark fell…
One thing is for certain following the Federal Reserve’s latest interest rate decision: September could be one for the books. “We have made no decisions about September. We don’t do that in advance,” Chair Jerome Powell told a reporter during the question-and-answer portion of his post-meeting conference. “We’ll be taking that information into consideration and…
Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. David Paul Morris | Bloomberg | Getty Images Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range….
CNBC’s Jim Cramer explained why an uncertain macroeconomic environment led the Federal Reserve to hold interest rates steady — dashing the hopes of many investors and President Donald Trump. “In short, the backdrop’s just too darned mixed for the Fed to take action,” Cramer said. “That’s also why Powell pretty much punted on that forecast,…
The market is soon entering a period in which there historically have been no moves to the upside on average. Data from Wolfe Research this week finds that the S & P 500’s monthly total return for August and September since 1990 has averaged a decline of 0.3% and 0.7%, respectively. That’s in stark contrast…
Investors on Wednesday got some strong earnings as well as new data showing the U.S. economy is still rocking despite uncertainty around tariffs. Wall Street didn’t seem to care. Stock futures were about flat after the government reported U.S. gross domestic product expanded at a 3% annual rate in the second quarter. That was well…
My top 10 things to watch Wednesday, July 30 1. Wall Street is on pace for a flat open ahead of a busy day for the market. Federal Reserve decision at 2 p.m. ET followed by Chair Jerome Powell’s press conference a half hour later. After the close, we hear from Club names Meta Platforms…
Concerns over Novo Nordisk’s growth path is leading Bank of America to step to the sidelines. The bank downgraded the Danish pharmaceutical giant to neutral from buy and decreased its price target to $60. That updated target still implies more than 11% upside from Tuesday’s close. “We have a Neutral rating on Novo Nordisk given…
Consumers and investors are disappointed with Li Auto’s new model, say experts Li Auto’s shares plunging over 11% Wednesday is a reflection that consumers and investors are disappointed with the new models, industry experts told CNBC. “The market reaction reflects disappointment with the Li MEGA and now the Li L8 six-seat battery EV launches,” said…