Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

Inflation may be increasing at a slower pace than expected, the markets might be cheering, and the Fed will likely soon be cutting, but Diane Swonk isn’t popping Champagne. The veteran economist says the economy “looks better than it feels” because the very data used to measure it is eroding, and the illusion of resilience could…

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Jim Cramer debates what to do with 6 stocks, and urges investors to take action on Nike

Jim Cramer debates what to do with 6 stocks, and urges investors to take action on Nike

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 Wednesday’s key moments. 1. The stock market is higher Wednesday as a rollout of better-than-expected earnings overshadowed investor concerns on intensifying U.S.- China trade talks. President Donald Trump ‘s latest threat to China…

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Fed balm soothes trade war jabs

Fed balm soothes trade war jabs

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Edgier world markets appeared to bat away the latest testy exchanges in the re-heated U.S.-China trade war, helped by dovish soundings from the Federal Reserve boss that included signals about an imminent end to its balance sheet…

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Nikkei 225, Kospi, Hang Seng Index, Nifty 50

Nikkei 225, Kospi, Hang Seng Index, Nifty 50

SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were higher Wednesday, breaking ranks with Wall Street’s declines after U.S. and China exchanged blows in a renewed trade feud. U.S. President Donald Trump on Tuesday stateside…

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